Mortgage loans of banks: requirements, documents and reviews

Having created a new cell of society - the family, many people think about the need for their own housing. However, now the purchase of an apartment / house is quite expensive. In view of this, not everyone can afford to fulfill such a dream. But do not get upset! Thanks to the availability of a product in banks such as mortgage lending, the problem with the lack of the proper amount of money can be solved.

Banks issuing mortgage loans: selection criteria

Having decided to take out a loan for the purchase of real estate, it is necessary to take a responsible approach to the selection of the most suitable offer and reliable creditor. If some mortgage loans of banks can be favorably allocated with low interest rates, others may require a minimum package of documents. Therefore, it is very difficult to say exactly which product will be most optimal for a single borrower. The client who decided to apply to the bank that gives the mortgage, must decide for himself what is more important and convenient for him; And proceeding from this, lean towards the choice of one or another creditor.

To somehow facilitate the selection of the best proposal, you need to consider the main points, which should pay attention first:

1. Reliability of the bank. This information can be found in special statistics.
2. The presence of positive and negative reviews.
3. The size of interest rates.
4. The amount of the required down payment.
5. Loan terms.
6. The presence or absence of additional commissions, including hidden (this can only be clarified by carefully examining the points of the loan agreement).
7. Ways of repaying a loan, etc.

Based on these criteria, it will be possible to select the most interesting banks that issue mortgage loans. And already among them - one suitable.

Further, mortgage loans of banks with the best financial indicators will be presented, their basic requirements and conditions for issuing loans will be examined.

Sberbank

This financial institution ranks first in the number of institutions that issue a mortgage loan for an apartment. The bank has gained a leading position due to the largest number of loans issued for the purchase of real estate. And probably it's not in vain! After all, it does not practice the introduction of hidden commissions, it works honestly and reliably. Perhaps, it is for this reason that Sberbank has won a lot of positive reviews.

But not everyone can rely on obtaining a mortgage in this bank. So, the organization puts forward some requirements to its borrowers. They are as follows:

• The client's age must be from 21 years by the time the contract is signed and no more than 75 years with the closing of the debt.
• Work experience - at least six months at the last place of work and one year in the previous 5 years.

At the same time, the creditor must present the following documents:

• The form filled in the form of the bank.
• The document proving the identity, namely the passport of the citizen of the Russian Federation.
• Documentation confirming financial solvency of the borrower.

If the bank that issues mortgages is satisfied with the information provided, it will offer to give the client a loan on such terms (the most profitable product with state support is represented):

• The interest rate is from 11.4% per annum.
• The loan amount is from 300 000 to 3 000 000 rubles (for regions) and 8 000 000 rubles (for Moscow and Moscow region, St. Petersburg and Leningrad region).
• Loan period from 12 to 360 months.
• The first installment of 20% of the value of the property bought on credit.

VTB Bank of Moscow

This bank, issuing mortgage loans, took the second line on financial indicators. Only persons who meet such requirements can apply for a loan in a named institution:

• Having citizenship RF / foreign citizenship.
• The borrower's age is 21-60 years. At the time of covering the mortgage, it should not be more than 75 years.
• Employment in the territory of the Russian Federation.
• Work experience from 1 month from the end of the probation period and from 1 year for the whole period of life.
• Men under the age of 27 must submit to the bank documents on the passing of military service or on non-recourse to military conscription.

In this case, you will need to produce such documentation:

• The document proving the identity.
• The second document to choose from (SNILS or driver's license, or military ticket, or military identity card, or seaman's passport).
• Documents confirming the conduct of work and income.

The conditions of lending will be the following (a product with state support):

• The interest rate is from 11.15% per annum.
• The loan amount is from 500 thousand rubles.
• Loan term up to 360 months.
• The down payment is from 20%.

Gazprombank

Most recently, mortgage loans of banks began to be issued taking into account state support. Not exception is Gazprombank. He issues the most favorable loan for buying an apartment on the following conditions:

1. The interest rate is from 8.85% per annum.
2. The loan amount is up to 3 (for some regions - 8) million rubles.
3. The crediting period is up to 360 months.
4. The down payment is from 20%.

VTB 24

As mentioned above, banks that give a mortgage have their advantages and disadvantages. Perhaps the conditions proposed in VTB 24 will be the most preferable for many. And they are as follows:

• The interest rate is 11.4% per annum.
• The loan amount is 600 000-8 000 000 rubles.
• The loan period is 12-360 months.
• Own funds of 20%.

FC Otkrytie

The fifth position on financial solvency in the rating, which make up the banks that give the mortgage, was occupied by the bank "Otkrytie". Its terms of credit are as follows:

• The interest rate is from 11.3% per annum.
• The loan amount is from 625 thousand to 75 million rubles for the regions and 150 million rubles for Moscow, Moscow region, St. Petersburg and Leningrad region.
• Loan period is 60-360 months.
• Availability of down payment from 20 to 80% of the cost of housing.

Rosselkhozbank

This financial institution, located on the sixth line of the rating, issues loans for the purchase of real estate on these terms:

• The interest rate is from 11.3% per annum.
• The loan amount from 100 000 to 3 000 000 rubles for the regions and 8 000 000 - for Moscow, Moscow region, St. Petersburg and Leningrad region.
• The loan period is 1-360 months.
• The first payment is from 20% of the apartment / house price.

The most favorable and reliable mortgage loans of banks were considered above. To obtain a loan for the purchase of real estate in an institution, you will need to meet certain requirements and produce a certain list of documentation.

As can be understood by the requirements of most banks, the most common conditions for borrowers are:

• Age from 21 years and up to 75 years by the time of full debt closure.
• Russian citizenship.
• Work experience from a year.

The required documents are:

• The document proving the identity (namely the passport of the citizen of the Russian Federation).
• An additional document from the list proposed by the bank.
• Documents confirming employment and permanent income.

However, this is not enough to obtain a loan. There are many more nuances that you can find out by contacting the selected branch of the bank.