What banking institutions and under what conditions arrange mortgages for pensioners. Is it possible to mortgage pensioners without interest
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It is a big mistake to think that absolutely all pensioners are already provided with housing. In fact, the question of whether a pensioner can take out a mortgage for housing is very acute. Such a need may arise at any time. The children have grown up, and you need to somehow disperse, you want to get a mortgage for a country house with a plot or even move to another city in order to finally live for yourself - there can be a lot of reasons.
The answer to the question of whether it is possible to get a mortgage for a pensioner will depend on a combination of many factors, and our task is to find exactly the combination that will allow not only getting a mortgage for housing, but also doing it as profitably as possible in modern conditions... The main thing to be prepared for is the lack of great benefits from obtaining such a loan. Unfortunately, at present all loans are designed for young people, and therefore the question is whether it is possible to take a mortgage for a pensioner not so much direct as philosophical: will it not be too difficult?
We will answer right away: there will be, and the whole point is not so much a percentage or a down payment, but rather a restriction on age. Whether a pensioner can get a mortgage depends not only on the bank, but also on many additional factors. And our task today is to consider all of them. However, we have something to please you. The answer to the question of whether a mortgage is given to working pensioners is positive, with a competent approach. And today we will tell you how to get a mortgage in such conditions.
Let's start with the most basic.
Under what conditions can a pensioner count on a mortgage?
If you are interested in whether they give mortgages to working pensioners, you should dwell in more detail on the conditions put forward by banks. You will have to meet the following requirements:
- The pensioner's income should be sufficient to pay off the loan in full and on time. Income for non-working pensioners means pensions and other social benefits, for working people - wages and a pension.
- According to law monthly payments on a loan cannot exceed 45% of the debtor's income component, otherwise he simply will not have enough money to live on.
- A pensioner must be ready to pay off debt in record time, not only financially, but also morally. It is important for an elderly citizen to be aware that unforeseen circumstances may occur, in accordance with which their financial opportunities, for example, in case of illness.
- In most cases, the maximum age of a pensioner who is granted a mortgage loan is 65 at the time the debt is repaid. That is, if you take out a loan for 3 years, you can apply for up to 62 years inclusive.
Experts say that you shouldn't despair anyway - there are banks that are ready to cooperate with working pensioners until they reach the age of 85. However, in reality, it is rather difficult to finalize up to this age, and therefore it is not worth agreeing to such conditions. If something happens to you, the bank will not figure out who is right and who is wrong, and will simply take away the property.
The main problem of whether a pensioner can get a mortgage lies precisely in the age restriction and in relation to banks. However, the bank is not a charitable organization, and this is important to remember. If you are applying for a loan, you must understand your capabilities and your obligations, and not expect that the bank will forgive you everything just because your elders must be respected.
Remember: the bank exists to make a profit. It is not his responsibility to provide the pensioner with housing. If the state did not give you the opportunity to earn money for your housing, and you are forced to turn to the help of the bank, the bank is not to blame for this. Therefore, you should not argue with specialists and blame them for bad and inconvenient programs. The bank's programs are created for its own benefit, and it has every right to do so. Treat your capabilities with a realistic look. If you have someone to help, involve as a co-borrower. But don't expect that the bank will go meet you only because you are of retirement age. This will not happen, although personally we are very sorry that such a situation has developed in our country.
Under what circumstances can a bank approve a mortgage?
As we mentioned above, whether a pensioner can take out a mortgage for housing depends on the pensioner himself. The bank works for its own profit. What to do in this case? Think about what you can offer him. How can you prove your solvency and reliability as a borrower. There are several ways to get approval when you reach retirement age:
1. Loans secured by your existing real estate or other assets. If you do not have a permanent large income, but the desire to acquire new square meters does not disappear, you can offer the bank as a pledge your real estate, taking out a mortgage for another apartment or suburban area. By the way, pledging existing real estate is a common practice that affects not only whether a pensioner can get a mortgage, but also whether a mortgage for a country house with a plot at any age will be approved (banks are reluctant to do this). Pledging an existing property is a serious step and needs to be well thought out. Of course, I would like to get a mortgage for an apartment with a guarantee of approval. However, if you cannot pay, your collateralized property will be taken away from you. And what to do in this case? It is necessary to seriously weigh all the arguments and decide whether you will pull such an alignment.
2. Another way to get an apartment is a reverse mortgage. If you are interested in whether a mortgage is given to working pensioners, we are ready to surprise you: such a mortgage is even given non-working pensioners... And the whole point is how such a mortgage is paid. This program is suitable only for lonely pensioners who have no one to leave their homes. And that's why:
- the pensioner pledges his own square meters;
- during the entire period of lending, it is not the individual who pays the loan, but the bank gives the cash to the elderly person, thereby covering the full cost of the mortgaged apartment with rent;
- after the death of a bank client, the financial institution becomes the owner of the home by default.
3. Mortgage co-borrower. Parents will never refuse their children to take on a loan in order to solve the housing issues of their beloved son or daughter. However, you should not take all the responsibility on your shoulders, it is not yet known what the future holds for you. Therefore, share the loan with the whole family, in the end, they need an apartment, you already have a place to live. In addition, young able-bodied co-borrowers are a guarantee that the mortgage will be issued for a longer period of time from favorable conditions to pay off debt.
What documents do I need to provide for mortgage approval?
Let us dwell in more detail on what documents you need, if you are interested in whether it is possible to take a mortgage for a pensioner.
- First of all, you will need a citizen's passport Russian Federation with registration on the territory of the state. There are banks that require registration in the relevant region, so it is better to check this parameter in advance with the bank where you plan to apply.
- If you are interested in whether a mortgage is given to working pensioners, for approval you will need to provide a copy of your work book, certified accordingly. Now many people work under an employment contract, but this method of employment is extremely rare among pensioners. Please note that seniority affects getting approval. As a rule, pensioners do not have any difficulties with this. However, we will repeat it just in case. The length of service in the current place of work must be more than six months, and the continuous length of service for the last five years must exceed a year. The more stable your seniority and the clearer your career growth is, the higher the likelihood of approval.
- Also, working pensioners will need to prove their income. It should be recalled here that when approving a mortgage, all the total income that you and all co-borrowers have is taken into account. Therefore, the pensioner must provide all documents confirming the level of income. This can be a certificate in the 2-NDFL form or in the form of a bank, as well as an extract from a pension account with the amount of accruals for the last six months. All of your co-borrowers must provide the same documents. The higher the total income, the higher the likelihood that your mortgage will be approved.
- In addition, you will also need to provide the relevant documents from the Pension Fund, confirming the fact of accrual of pensions, as well as an insurance pension certificate.
- Sometimes the bank also requires an account statement in order to verify your solvency. It is no secret that in order to obtain a mortgage, you need to pay an initial fee from 10%, and even from 20% of the total cost of housing. Therefore, before contacting the bank of your choice, we recommend opening an account in it and putting the funds allocated for making the initial payment there. In this case, no certificates are required, and the bank will see for itself whether the pensioner can take out a mortgage for housing with available funds.
How to increase the likelihood of your mortgage being approved?
If you're worried about getting a mortgage for a senior citizen, you need to know how you can increase your chances of getting approved.
- First of all, whether it is possible to take out a mortgage for a pensioner is influenced by his credit history. People of retirement age are easy to get to take as large consumer credit and micro-loan. The credulity of older people plays into the hands unscrupulous banks and credit institutions. Therefore, it is not uncommon for a pensioner to have a bad credit history. The problem is that there is much less time to fix it than at a young age. Once a year, you can find out the state of your credit history in the BCI absolutely free. For those who understand that their credit history has been damaged, there are several options. The first is to try to fix it by issuing and timely payment of several small consumer loans or installments. The second is to apply to a large number of banks. The fact is that for banks, a request to the BCI is not free, and each bank addresses only one or two BCIs. In such circumstances, there is a chance that your credit history will not be noticed, and the mortgage will be approved. The third option is to contact a mortgage broker. We do not recommend doing this, since a mortgage broker can deceive a young economist, not to mention a gullible pensioner, albeit a wise one with life experience.
- In addition, the presence of real estate in the property affects whether a pensioner can obtain a mortgage, Vehicle and other assets. What retirees often have is land and cars. They can be used to gain approval. The fact is that all this increases your solvency in the eyes of the bank. It is not necessary to pledge country cottage area, it is enough to provide a certificate confirming that it is yours, as well as indicate its real market value. In this case, the bank is more likely to approve your mortgage, as it will understand that if something happens, you have something to pay.
- Among other things, the aggregate level of income also affects whether mortgages are given to working retirees. Conditions for working pensioners mortgage lending much more convenient. Pension, salary and income of co-borrowers are taken into account. We draw your attention to the fact that the spouse automatically becomes a co-borrower when registering a mortgage. Plus, you can involve your children in the mortgage registration, whose income will also be taken into account. This decision is beneficial to everyone, and a large total income is a sure way to get approval from the bank.
What are the disadvantages of a mortgage for retirees?
The main disadvantage of this mortgage program is the large overpayment, which increases the actual value of the property by 2 - 3 times. The main points of overpayment are:
- The service of a housing appraiser, which is paid at the expense of the borrower and ranges from 3 to 8 thousand rubles, cannot be refused from real estate appraisal;
- For consideration of an application, banks very often charge a fee from 1 to 3 thousand rubles;
- Decor mortgage agreement costs a pensioner 5 thousand;
- For opening and maintaining a credit account, the bank will take about 3% of total amount credit;
- Real estate insurance - 0.2 - 0.5%;
- Borrower's life and health insurance - 0.5 - 2.5% of the debt amount;
- For each day of delay, you will have to pay 0.2 - 0.5% of the payment amount.
As a result, I would like to note that mortgage for pensioners is not such an affordable thing as the elderly would like to see it. Not all banks are willing to issue loans, even if such a program is on the list of their services.
What banks issue mortgages to pensioners?
At the moment, there are several banks that issue mortgages to pensioners. However, it should be noted here that most of the presented mortgage products are the most common ones, which are also taken by young people. It's just that the requirements for borrowers indicate the maximum debt repayment period, which most often does not exceed 65 years. It turns out that pensioners, when registering a mortgage at the time of retirement, are given about 5 years to cover the mortgage loan.
The exception here is Sberbank, which raised the age limit to 75, provided that the borrower is able-bodied at the time of receiving the loan. It turns out that if a borrower at the age of 60 has taken out a mortgage loan, then he will be able to allocate targeted money for a period of up to 15 years.
We will give only the maximum period that banks give to repay a loan (i.e. age at the date of the last mortgage payment):
- Sberbank - 75 years
- Rosselkhozbank - 65 years
- Unicredit - 65 years old
- Delta Credit Bank (subsidiary bank of Rosbank) - 64 years
- Promsvyazbank - 65 years
- Raiffeisen Bank - 65 years old (only for individual entrepreneurs and for candidates / doctors of science, for the remaining 60 years)
Of course, you need to understand that the earlier the mortgage application is submitted, the more likely it will be approved. You should not go to a bank at the age of 63-64, it is clear that most banks will refuse.
,This banking program allows almost anyone who wants to become the owner of their own home, subject to the requirements of a financial institution. Not only young people need their own apartment, house, pensioners also dream about it. Unlike young people, they think not only of themselves, they also want to leave something as a keepsake for posterity.
The only problem is that for most older people, the only source of income is only a pension. Hence, a natural question follows: do they give mortgages to pensioners, especially if they do not have additional sources of income? Well, let's try to answer it.
Just a couple of years ago, almost all banks answered with a categorical “no”, as the degree of risk was too high for them. After all, an elderly person can suddenly die, and senile diseases should not be discarded. Medicines are not cheap, and if part of the pension is spent on them, then there will be no money left to pay off the loan.
But banking practice shows a change in the current situation. AND financial institutions launched a lot of special programs for lending to pensioners.
Still, mortgages for retirees are not available in all banks. This is mainly done by large financial organizations: Sberbank, VTB24, Rosselkhozbank, etc. To work with social loans many banking organizations receive considerable preferences from the state.
Age restrictions
Most of those who take out a mortgage are between the ages of 25-45. And they have at least 20 years to pay off the loan. Why exactly so many? It's just that the requirements of most banking institutions limit the age limit for clients. The borrower's age at the time of closing the loan must not exceed 65 years.
According to the standard conditions, mortgages can be issued to pensioners for a period of 5 years (for men) and for 10 years for women. This leads to the fact that the borrower will have to pay off the loan taken in large amounts in order to have time to pay off everything.
An example can be given - the borrower took an amount of 3 million. The initial payment was 30%, the loan term was 5 years. Having made simple calculations, we understand that he will have to pay the bank about 45-50 thousand monthly. Can a simple pensioner do this without additional work with an average pension? The question is rhetorical.
In addition, the conditions this loan require that monthly payment did not exceed 45% of income. Otherwise, the bank's response to the request will be negative. Again, as an example - a pensioner has a monthly income of 34 thousand, in this case, a maximum of 1.5 million will be approved for housing. Either you have to look for housing for this amount, or pay extra from your savings, if any. Moreover, are there many pensioners with such an income? In addition, the initial payment for a pensioner is at least 18-20% plus increased rates.
But in recent times pension mortgage is undergoing many changes, and this is primarily due to a change in the age limit. This is what the largest can offer to older clients Russian banks:
- Sberbank has increased the age limit to 75 years. And the loan term is 10 years. Average rate 13%. One of the advantages of a mortgage in Sberbank is the refusal of the bank from the obligatory one.
- VTB 24. His conditions are somewhat stricter. The loan term does not exceed 5 years, the age criterion is standard - for women under 60, for men under 65, however, in rare cases, a working pensioner can be increased to 75 at a rate of 18-20%. The amounts are minimal to minimize risk.
- Rosselkhozbank sets a condition - the client's age must not exceed 65 years. But does not require a down payment, however, a co-borrower is required.
Now you know to what age the leading banks in the country issue mortgage loans.
Departmental pensioners
The situation is completely different if a person retires with military service or the Ministry of Internal Affairs. They are entitled to a state subsidy for the purchase of housing, interest-free and does not require a down payment. But a military pensioner must meet certain conditions:
- Service life is at least 10 years.
- Dismissal must be either for the term of service, or for health, which must be confirmed by departmental doctors, or reduction (also confirmed by legal grounds).
- A pensioner must be a participant in a special state program and stand in line.
Package of documents
A properly completed package helps to arrange a loan faster, and a pensioner does not have to think about how to get a loan as soon as possible and not come to the bank several times.
So, how is the procedure for applying for this loan:
- The pensioner must visit the bank and fill out a special form. Then he writes a statement in the form. A compiled package of documentation is attached to it.
- The bank's specialists study the transferred papers and make a decision.
- With a positive decision, the pensioner is given money. Most often, they are transferred to an account specially opened for this.
Required Documentation:
- A copy of the borrower's ID. If there is a co-borrower, then his.
- A copy of the pension.
- For workers - a copy of the labor and 2-NDFL.
- A certificate from the pension that the bearer of this paper is indeed a pensioner.
- In some cases, banks may require you to bring a medical board.
It became difficult to pay
This situation often happens when the loan was issued, and the pensioner was still working. But for some reason, he had to leave work, so he loses additional income... What to do in this case?
Financial experts advise not to hide, but go straight to the bank and identify the problem. Usually it is possible to agree. After all financial institution she herself is interested in a full refund of the issued funds, so they will try to offer mutually beneficial terms.
Can retirees take out a mortgage? Can. True, you will have to meet the requirements of a financial institution.
Today, a mortgage loan is quite affordable and affordable for pensioners, especially since many of them continue to work.
Sometimes financial institutions offer quite favorable conditions, so many citizens, after retirement, use such banking programs to improve their not very favorable living conditions. Where are pensioners given a mortgage for the purchase of an apartment and at what interest rate we will find out further.
Can a pensioner take out a loan for housing?
Banks that provide mortgages to pensioners often have special requirements for them. As a rule, this is a condition of permanent employment; they also study the age of a potential borrower.
In particular, a financial institution may require that upon expiry of the loan agreement, the borrower no more than 70 years(and sometimes even less). Often put forward requirements for age and at the time of the conclusion of the contract.
Pensioners who act as borrowers are studied by the banking institution very carefully than all other borrowers, since the risk factor is quite large. There are no banks with special programs in the field of mortgage lending for retirees yet, but, as a rule, there are no problems associated with registration of such programs.
Assessing the solvency and the potential for recurring payments for a mortgage loan, the bank attaches importance to the following factors:
- The presence of real and documented income, its stability (except for pension);
- If the spouses take out the loan, the total income is usually estimated, which is a clear plus. Together, it is much easier to allocate the required amount to pay off the next payment;
- The presence of any property is taken into account, while its collateral value is considered, along with the acquired real estate.
In the latter case, the bank is much more willing to issue a mortgage, and for good conditions more profitable. For example, if pensioners own an apartment, then it will be much easier to get a loan for the purchase of, say, a country house.
Otherwise, the conditions for obtaining a mortgage for pensioners differ slightly from other citizens, perhaps, except for the term of the contract. As with any funding, good credit history must be considered as a positive factor.
The bank is also considering participation in the mortgage lending program for additional co-borrowers, these are not necessarily children or relatives, there may be close friends.
The presence of co-borrowers increases the real chances that the mortgage will be approved.
Is it obligatory for the borrower to have a job?
In the event that a pensioner receives a permanent income, in addition to a pension, he also works, then his potential solvency is the same as that of younger people. So he has the opportunity to get a mortgage, however, the conditions are not the same in all banks.
For example, a working pensioner at Sberbank can receive five hundred thousand rubles, and an unemployed one - only two hundred. By the way, it is only in this bank that a non-working pensioner can actually get a mortgage. But this is if he confirms his income with a certificate from the Pension Fund. In addition, he must have either a surety, or mortgaged property.
However, it is easier for a non-working pensioner to get a job before obtaining a mortgage, since approval for a loan will have to wait for a long time. The financial institution will assess the potential solvency, credit history of a potential borrower, and only then will it approve (or refuse) the mortgage. Naturally, the loan is given secured by purchased housing.
Which banks give mortgages to persons of retirement age and up to what age?
As mentioned above, the conditions for mortgage lending for persons of retirement age are different, it all depends on the bank.
Sberbank
Age at the time of full repayment of the loan under the agreement must not be higher than 75 years old... For example, if you came to the bank for a mortgage at the age of sixty, then a loan can be issued for a period of fifteen years.
This financial institution gives pension mortgages only to pensioners if they have Russian citizenship and actual registration at the place of residence. Documentary proof of income is required, and the bank checks whether there is money left "for life." If the income is only enough to pay the current loan payments, the loan will not be given.
An initial payment of ten percent of the loan amount is required, and the minimum interest rate- 10.75 percent. However, most often it is higher. Sberbank draws attention to the presence of co-borrowers and collateral.
Rosselkhozbank
The peculiarity of lending in this bank is that they take into account the presence of a co-borrower, in the role of which a spouse can act, he takes part in the preparation of a package of documents.
Of course, people also pay attention to stable solvency and additional income, in addition to pensions.
This bank issues mortgage loans if the loan repayment period occurs up to 65 years of age of the client... For example, a fifty-five-year-old woman will be given a loan only for ten years, while all documents that are provided by any category of borrowers are required.
As confirmation of employment, they require a 2-NDFL certificate, as well as a copy of sheets from the labor book certified at work. Just like in Sberbank, they require citizenship and registration at the place of residence.
Usually Rosselkhozbank reduces the loan term to seven years, trying to reduce the risks to a logical minimum. The exception in this bank is those who retire earlier in their profession, for example, ballerinas. For them, the lending terms can be increased.
Sovcombank
This financial institution has a more lenient policy towards retirees. In particular, mortgage loans for them, both working and non-working, are provided until the age of 85. Credit rate- 14.9 percent per annum.
To obtain a mortgage, pensioners prepare certificates from The Pension Fund and also that they work. Moreover, it is required that the working time in the last place was at least four months. You also need to have citizenship, a place of permanent registration.
Sovcombank carefully monitors that the pensioner lives no further than 70 kilometers from the bank and has a landline telephone at home. As additional bonuses, the bank promises to significantly reduce the interest rate on the loan, if the pensioner transfers his pension receipt there.
How to register?
First of all, you need to prepare everything Required documents, they were already mentioned above:
- proof of citizenship (passport),
- permanent registration,
- income statements,
- statements from banks in which a debit account is opened.
In addition, you must provide:
- Correctly completed questionnaires of the borrower, as well as the guarantor and co-borrower (if any);
- A package of documents that confirms the identity and solvency of all guarantors.
- If you own real estate, other than the acquired property, or other collateral, this must also be documented.
Their passports, just like the potential borrower, must have a registration mark.
Loans without down payment
Provided by some banks, this gives a chance to buy housing for those who do not have it. In this case, a prerequisite for a mortgage lending agreement is availability of collateral(both purchased housing and other collateral).
However, such loans are unprofitable, since they are given at a very high interest rate, as a rule, it is five percent more than lending with a down payment.
Military retirees
Military retirees can (and have the right) receive government subsidies. In this case, the borrower takes a mortgage not only without a down payment, but also without interest. Usually some part Money allocated for the payment of the loan by the budget.
To comply with such conditions, the reason for leaving the service must be legal basis, it can also be a deterioration in health. In the latter case, you need to stock up on a package of medical certificates and extracts from hospitals and clinics.
To participate in the preferential state mortgage program, you need to serve at least ten years.
Some nuances and possible difficulties
It so happens that when the mortgage loan agreement was concluded, the question of financial difficulties was not raised. But over time, health has deteriorated, and there is simply no way to work.
Decrease in monthly payments
In this case, you can always contact the bank from which you took out a loan, usually a financial institution meets borrowers halfway and offers options for restructuring the remaining debt.
Sometimes the bank simply extends the total loan term, while reducing the amount of monthly payments. However, all situations are considered individually and depend on personal agreements and on a specific situation.
To reduce the monthly payment you will have to document the situation... First of all, you need to present documents that you are retired. If there is no opportunity to work for health reasons, medical certificates will help.
Reverse mortgage
Some retirees have only one income - their own pension. The bulk of this amount is spent on food, medicine and utilities... In such cases, the life-saving thread is a reverse mortgage. In this case, the apartment, which was taken on a mortgage, unsubscribes from a financial institution (bank), which is gradually paying off the debt.
Unfortunately, so far there are no loyal mortgage programs for pensioners, including Sberbank. Payments and lending conditions for all borrowers are the same, but in the event of a critical situation, the bank always meets halfway.
So far, a mortgage without a down payment and interest-free for retirees, but with the ability to repay the loan in equal installments, while being retired, is a matter of the future. But some financial institutions may go for it in order to reduce the degree of risk for individual citizens in an exceptional situation.
An important factor in mortgage lending is the conclusion of an insurance contract for the loan.
True, insurance companies are reluctant to work with mature borrowers.
So, a mortgage for a senior citizen, especially a worker, is the real thing. But before taking a loan, weigh the pros and cons, soberly assess your financial capacity, and enlist the support of co-borrowers.
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Mortgages for retirees - up to what age are loans for an apartment issued?
Most often, banks limit the age of receiving a loan to 55 years for women and 60 years for men. However, an increasing number of financial institutions are making concessions and raising the age bar.
The maximum age to which you need to pay off the debt is 75 years. That is, the longest loan term for pensioners is 20 years.
Pension mortgages are a big risk for the bank. Therefore, credit institutions put forward additional conditions:
- compulsory life and health insurance of a pensioner;
- attraction of guarantors under the age of 60.
In addition, banks are more willing to issue mortgages to working pensioners. Only Sberbank can give a loan to non-working people. It will be problematic to take out a loan and.
To calculate monthly mortgage payments, use credit calculator on our website. Please note that the calculation does not take into account the amount of insurance. You can pay for it with your own money, or you can include it in a loan.
How to get a mortgage for retirees? Mikhail Nikolaevich, a pensioner, signed his two-room apartment to his adult grandson during his lifetime. The grandson got married, and together with his wife settled in a new home.
And the grandson could not do anything. He treated his grandfather well, but did not protect him from his wife's attacks.
Mikhail Nikolaevich decided to move out, but where? There was no savings, so he decided to take out a loan and buy a small house in the region.
And he turned to me with the question, will they give a mortgage to a pensioner? Moreover, old age and unemployed are enough.
It is believed that a mortgage is a loan product provided by banks individuals young and mature working age. But pensioners also have own desires dreams, they can be the construction or purchase of a small summer house, a garden plot or a cozy apartment.
Attention!
A limited number of banks cooperate with pensioners, but they still exist. To do this, you need to fit certain parameters of an elderly borrower.
Conditions for issuing mortgages to pensioners
To qualify for a mortgage loan from a bank, an elderly person must meet the following conditions, which are suggested by the policy of the financial institution:
- The pensioner's income should be sufficient to pay off the loan in full and on time. For non-working pensioners, income is understood as a pension and other social benefits, for working people - wages and pensions.
- According to the law, monthly payments on a loan cannot exceed 45% of the debtor's income component, otherwise he simply will not have enough money to live on.
- A pensioner must be ready to pay off debt in record time, not only financially, but also morally. It is important for an elderly citizen to realize that unforeseen circumstances may occur, according to which their financial capabilities should be calculated, for example, in case of illness.
- In most cases, the maximum age of a pensioner who is granted a mortgage loan is 65 at the time the debt is repaid. That is, if you take out a loan for 3 years, you can apply for up to 62 years inclusive.
Experts say that you shouldn't despair anyway - there are banks that are ready to cooperate with working pensioners until they reach the age of 85. Now let's look at the realities of life - how many people continue to work actively at the age of 85? Few! This is the whole problem.
Of course, it’s unpleasant for retirees to realize that such limited conditions for the provision of mortgage loans by banks write off old people from their accounts. But financial institutions can also be understood - their founders are not engaged in charity work, but in business.
The only purpose of the operation of credit institutions is to make a profit.
When a pensioner is willingly given a mortgage
There is a way out of every, even the most sensitive situation - think about what you can offer the bank. There are several options:
1. Loans secured by an apartment or house that belongs to a pensioner. If you do not have a permanent large income, and the desire to purchase new square meters does not disappear, you can try to use it and offer your own collateral in return.
A warning!
How beneficial it is for the elderly is up to the citizens themselves. Before you take this serious step, you need to calculate all the pros and cons, to really assess your financial capabilities.
Barely making ends meet with retirement benefits, it is difficult to set aside money on a monthly basis to pay off your mortgage. It is also better not to rely on the support of relatives - today you are in good standing with them, and tomorrow they will refuse to help you.
2. Mortgages for retirees vice versa. A fairly young lending system, which was first proposed by AHML. The credit program is based on providing a loan for retirees in the following order:
- the pensioner pledges his own square meters;
- during the entire period of lending, it is not the individual who pays the loan, but the bank gives the cash to the elderly person, thereby covering the full cost of the mortgaged apartment with rent;
- after the death of a bank client, the financial institution becomes the owner of the home by default.
This option is suitable for lonely old people who literally have to survive, but want to live with dignity.
3. The mortgage borrower. Parents will never refuse their children to take on a loan in order to solve the housing issues of their beloved son or daughter. However, you should not take all the responsibility on your shoulders, it is not yet known what the future holds for you.
Therefore, share the loan with the whole family, in the end, they need an apartment, you already have a place to live. In addition, young able-bodied co-borrowers are a guarantee that the mortgage will be issued for a longer period of time with favorable conditions for debt repayment.
What banks issue mortgages to pensioners
Not all Russian banks are engaged in mortgage lending for pensioners. But in recent years, there has been a development and dynamics of an increase in the number of mortgage products in relation to the elderly.
As of 2016, elderly Russian citizens can obtain a mortgage loan from the following financial institutions:
- Sberbank is one of the most powerful and large banks, which was among the first to make concessions and began to cooperate with old people;
- Bank of Moscow - there is a program for retirees called "Business people";
- TransCapitalbank - offers two programs at once "New building without confirmation of income" and "Mortgage on the primary market";
- Rosselkhozbank - works on the basis of the results of an individual assessment of the bank's client, the study of his credit history.
From time to time, VTB24, AHML, Sovcombank have favorable offers for mortgage lending for pensioners. They are more willing to meet working pensioners, non-working people can take the opportunity to take out several loans for real estate at once, but again, be careful, really count on your own strength.
What to do if you need a large amount of funds
Let's say an elderly person intends to take out a loan to purchase a spacious, large living space, you can do this using one of the following methods:
- The passport;
- Certificate from the Pension Fund;
- Insurance pension certificate;
- Help on form 2 personal income tax;
- Certificate from the place of work in the form of a bank.
Some even ask for bank statements to be sure of their solvency. In no case should you be indignant at this demand - it is quite legitimate.
Advice!
Sometimes additional information is not needed. What kind of package of documents is required, it is better to study in advance on the bank's website. But the more they are provided, the better.
Documents, credit history, reliability of guarantors in the case of pensioners are checked especially carefully due to the fact that this category of borrowers is one of the most problematic. The greatest risk of refusal is for lonely old people, those who receive a minimal pension, those who have no additional income.
Mortgages are most readily issued to military pensioners, since the amount of their allowance is quite substantial, even if there are no sources of income other than social payments, They dont have.
The conditions of loan programs are different: interest rates are different for secondary housing and for new buildings, for suburban real estate. A mortgage without a down payment is possible if instead of cash or money transfer provided another immovable object, for example, a smaller apartment or in another city.
In which bank can a pensioner take a mortgage
In addition to those named above, which issue mortgage loans before the age of 65, there are those banks that treat older borrowers more liberally.
Attention!
The most profitable is a mortgage for pensioners of Sberbank of Russia. Firstly, the maximum age until which you need to pay off the debt is 75 years. Secondly, the interest rates are not too high.
However, in order to receive it, the main requirement must be met: receiving a pension to an account with Sberbank.
The Rosselkhozbank provides quite good conditions, but there it is necessary to pay everything up to 65 years.
A special calculator on the bank's website helps to calculate payments if you enter the amount of the down payment, the cost of the object and the term of payments into it.
List of banks providing mortgages to pensioners
- Sberbank;
- Rosselkhozbank.
source: http://pensia-expert.ru
Mortgage loan for retirees
Credit organizations offer more and more lending programs every day, and if a few years ago a loan was available exclusively for able-bodied population, today even students and pensioners can take money from the bank.
As a rule, there are no problems with small loans, but can a pensioner take out a mortgage? Of course it can, and you can get it not only in a state bank, but also in many commercial organizations.
How to get a mortgage for a pensioner at Sberbank?
If other banks operate general terms and Conditions, providing for the obligation of the client to return the loan before he reaches the age of 70, then in Sberbank this bar has been raised to 75 years.
The borrower who has reached the retirement age must provide a certain package of documents to the bank branch. You will certainly need confirmation of the client's solvency - personal income tax from the place of work, if the person has not yet stopped fulfilling his labor duties, or a certificate from the Pension Fund.
But do they give mortgages to pensioners whose income is not high enough to cover the amount for which an application is made to the bank? Considering that pensions, like salaries, are different for everyone, banks issue mortgages on the security of property or in the presence of a reliable guarantor with a sufficient level of income.
The same applies to cases when a pensioner cannot prove his income with any documents at all. Of course, such a loan implies a higher interest rate, as well as compulsory insurance, but this is justified by the increased risks of the bank itself.
If you really look at things, then mortgage for pensioners is not as rosy a picture as people of old age would like to see it. Not every bank will agree to this, even if they provide for such a loan product.
A warning!
Each application in this case is considered with a special individuality, all items related to the solvency and reliability of the borrower are carefully checked.
And yet, one way or another, people of retirement age today have a real opportunity to take out a mortgage and enjoy their own separate housing, or improve in this way living conditions their children and grandchildren.
source: http://invest.yobiz.ru/
Conditions, problems, solutions
Mortgage is a loan product aimed primarily at young and middle-aged people. However, it also happens that a mortgage for retirees also becomes necessary.
The acquisition of a summer residence or a plot, and even more so a house or an apartment, is not within the power of all the elderly. But do Russian banks give mortgages to pensioners? What difficulties will an elderly person face when applying for a mortgage loan?
Do banks give mortgages to pensioners?
There are currently no banks with special mortgage lending programs for pensioners. However, a retired person can still apply for a mortgage.
Attention!
Banks that give mortgages to pensioners have certain requirements. The first important obstacle is the conditions of compulsory employment, even if the retirement age has already come.
The second main problem is the borrower's age. For example, some banks require that at the end of the validity period loan agreement the borrower was no more than 60, 65 or 70 years old. In addition, many financial companies the customer who applied must not be more than 55 years old (for women), 60 years old (for men).
So, in VTB 24 bank you can get a mortgage loan only before the onset of retirement age. Moreover, at the time of payment of the debt, you must be no more than 60 years old if you are a woman, and 65 - if you are a man.
Mortgage lending for working pensioners
The conditions for working pensioners today are no different from the standard requirements for other borrowers. The only caveat is that you still cannot take out a loan for a long term, due to your age.
So, for example, in Rosselkhozbank it is possible to arrange a mortgage for a client under the age of 65. At the same time, the loan repayment period must occur until the moment when the borrower turns 65. That is, if you are a woman of 55 years old, then the maximum loan term for you will be 10 years.
At the same time, you must provide a complete package of documents that is required from any category of borrowers. Employment is confirmed by documents - a 2NDFL certificate and a copy of the work book certified by the employer.
Mortgage lending for non-working pensioners
The only bank at the moment that issues mortgages to non-working pensioners is Sberbank. Here you can apply for a mortgage while you are already retired, provided that the age at the time of repayment of the debt is not more than 75 years. In this case, your income must be confirmed by an extract from the Pension Fund of the Russian Federation.
A warning!
In this case, the acquired property must serve as collateral. Involvement of a guarantor in Sberbank for mortgage lending to pensioners is mandatory.
Does Sberbank give mortgages to pensioners for some special conditions, for loyal programs? Unfortunately no. Both the maximum possible monthly payment and the loan amount will be calculated in the same way as for working categories of borrowers.
Pensions from pensioners, frankly speaking, are not large, so it is impossible to count on a large loan here. So, for example, if you are 60 years old, then you can get a mortgage for no more than 15 years.
Let's say the size of your pension payments is 8,000 rubles, which means that you can count on a maximum loan amount of 365,000 rubles. In this case, a down payment of 10% or more is required. The rate in this case is 13.75%. I must say that the payment in this case will amount to 4,800 rubles, that is, "for life" in the absence of additional income, little remains.
What if you need a lot of funds?
There are few options:
- Make a larger first installment. Borrowers often take additional loans for this.
- Attract a co-borrower - children or a spouse. Moreover, such persons will have the same obligations to the bank as the borrower. Sberbank makes standard requirements for the co-borrower.
- If you have additional income, submit documents confirming it. We accept rental contracts, employment contracts, bank statements. Dividends from deposits and investments are also considered by Sberbank as sources of additional income.
What if the mortgage becomes a burden on retirement?
If you took out a mortgage when you were healthy and young enough for a long time, you probably expected that you would work even when you retire. However, by this time, a lot could have changed and a mortgage can become an unbearable burden for you.
When you retire, your income is reduced, but what if you no longer have the opportunity or strength to continue working, and the mortgage has not yet been paid off?
Advice!
You can contact the creditor bank explaining the problem. A mortgage lending specialist will work with you to look for optimal solution this issue by means of loan restructuring.
Due to the deteriorated financial condition the borrower will offer you several options aimed at reducing the monthly payment. For example, in individually the bank can meet you halfway and extend the loan term by reducing regular installments.
In order to reduce your monthly payment at retirement, you will have to prove your financial standing. Submit documents on retirement - work book, as well as an extract from the Pension Fund of the Russian Federation.
source: http://mycredit-ipoteka.ru/
Are mortgages given to retirees?
It is customary for everyone that the bank considers people of working age with a good income as borrowers. But in recent years, there has been an increase in the number of older people who would also like to solve their problem. housing problem with the help of a bank.
They are quite cheerful, efficient and reasonable people. Is a mortgage loan possible for them?
Acquisition of housing
Buying a home with borrowed money has a number of features. The main one is the long term of crediting - up to 30 years.
Of course, the bank wants to have a guarantee for this entire period that the borrower will have income that allows the loan to be repaid. Hence the requirements for:
- borrower's age;
- life insurance;
- work capacity.
The second feature is that the acquired housing is pledged to the bank until the full payment of the debt (on the basis of Article 6 of the Federal Law No. 102). Such an encumbrance, however, allows the mortgaged housing to bequeath.
And then, in the event of the death of the borrower, the bank will have to deal with a new debtor - the borrower. This means some hassle for the bank.
Borrower requirements
Most banks put forward standard requirements for borrowers:
- Russian citizenship;
- age from 21 to retirement;
- employment in the last place for at least a year;
- income sufficient to pay off debt;
- life and health insurance (optional, but highly desirable).
Mortgages for retirees
Among pensioners, there are, firstly, quite young (ballerinas, police officers, military, etc.), and secondly, those who work and receive a stable income.
Many of the elderly people are practically healthy and live to a considerable age, while remaining active. Banks in recent years have begun to take this factor into account.
Do you give a mortgage?
Retirees can also take out a mortgage loan in some banks. The age limit has been pushed back to 75 years. But this means that to reach it, the loan must be repaid.
Mortgages for retirees have a number of features that should be considered:
No down payment
Finding a mortgage loan without a down payment is difficult even for young working borrowers, not to mention retirees.
But it is still possible if you offer an existing apartment or house as collateral. Such collateral will serve as security for the loan as well as the down payment.
Up to 80 years old
Even the most loyal to pensioners Sberbank sets the age limit at 75 years. But if children or grandchildren act as co-borrowers or guarantors, then the bank may consider the option when the borrower at the end of payments will be 80 years old.
Family program
When registering social mortgage Within the framework of the Affordable Housing program, a pensioner can also act as a borrower, but other family members who have the status of “on the waiting list” will also be attracted as co-borrowers, or the pensioner himself can become a co-borrower of a young family under one of the programs for this category of citizens.
Working and non-working
Attention!
It is much easier for working pensioners to get a loan than non-working pensioners.
Especially if such a borrower went on vacation not by age, but by length of service and is still quite young. In this case, the bank may not even require the presentation of co-borrowers.
For the military
The peculiarity of the mortgage for military pensioners is that its repayment does not come from the personal funds of the pensioner, but from the special account of the NIS participant. On it, all the years of service, annual deductions are accumulated. They can also be used after retirement. Therefore, such a loan can be obtained without much difficulty.
To purchase
Sberbank, which was the first to start issuing mortgage loans to pensioners, offers to use the appropriate programs for the acquisition different types real estate.
1. Apartments
The program provides for the purchase of an apartment both in the secondary market and in a new building:
- for the contract shared construction the rate will be higher: from 13% versus 12.5% for the secondary market;
- down payment from 15%.
2.Houses - finished and under construction
Pensioners wishing to live outside the city can take advantage of this program and buy a house: ready-made or under construction. The interest rate is higher than for apartments: from 13.5%.
3.Garage
The purchase of a garage and its pledge are also possible under one of the Sberbank programs. The interest rate is the same as for the house, but maximum size the loan is lowered.
4.Country real estate
You can also build or buy a country cottage or garden house, a bathhouse and other outbuildings on credit. Interest rate from 13%.
Terms and conditions
Not many banks are willing to take the risk and provide loans to older clients. But they are still there, although their conditions cannot be called preferential.
Sberbank I am ready to consider citizens under 75 years of age as borrowers, subject to sufficient income.
Rosselkhozbank considers borrowers under 65 years of age. The co-borrower will necessarily be the spouse, if any.
VTB 24 there is no specialized loan for pensioners: the age limit is different for men and women (65 and 60 years, respectively); there is an opportunity for up to 75 years to issue non-targeted loans, their term is up to 5 years and at a high interest rate.
Other banks. It is quite difficult to find among other banks willing to lend to pensioners, especially in light of the deterioration economic situation... Most of them have curtailed many mortgage programs, limiting themselves to the basic package.
Disadvantages of mortgage lending for retirees
The main disadvantage of such lending is high risks the bank, which will try to pass them on to the borrowers.
This means that the actual cost of housing will increase dramatically due to various overpayments:
- high interest rates;
- various insurances;
- payment for the services of an appraiser;
- bank commissions.
The second disadvantage is associated with the risk for co-borrowers. In the event of the death of a pensioner, the heirs will have to pay the remainder of his debt. Otherwise, you will have to lose the purchased housing.
What is a reverse mortgage?
Reverse mortgage is one of the new services in the banking market. In essence, it is similar to a life annuity contract. It is implemented by AHML. The program is designed primarily for single pensioners, but everyone can use it.
Under an agreement concluded with a credit institution, the borrower pledges his home to the bank. And he himself receives the sums determined by the contract within 10 years. After this period, the housing is transferred to the lender.
However, there are a few interesting points:
- if the borrower dies earlier than these 10 years, then his apartment will be sold, and the funds remaining after repayment of the debt will go to the heirs;
- if the borrower lives longer, then he will continue to use his apartment until his death, but will no longer receive payments;
- relatives can challenge such an agreement, but they will be obliged to return the funds paid under it.
Registration procedure
The procedure for obtaining a loan secured by real estate for retirees is practically no different from the usual one. Is that the almost mandatory requirement for the presentation of co-borrowers and guarantors from among able-bodied relatives.
Package of documents
You will need to bring the following documents to the bank:
- application forms of all co-borrowers and guarantors;
- their passports (with a registration mark);
- confirmation of the income of all participants in the transaction;
- package of documents for the purchased object.
Mortgage on land plot in Sberbank is provided on favorable terms.
Can a person of retirement age become a co-borrower?
If it comes about spouses, then most likely the bank is in mandatory will indicate him as a co-borrower. In other cases, it all depends on the readiness credit institution treat retirees as such.
Most often, banks are ready to consider working pensioners as co-borrowers of young families, but if the loan is taken for a relatively short period.
source: http://77metrov.ru/
Mortgage lending for retirees
Currently, banks are trying to work with all segments of the population to expand their customer base. A dozen years ago, getting even a small loan for a pensioner was problematic. Now credit institutions are trying to create as many programs as possible and provide mortgages to retirees.
Can they give a mortgage to pensioners
Mortgage loans for retirees are not in great demand, due to the fact that older people are mostly provided with housing. But with an increase suburban construction, mortgage programs for retirees are becoming more popular.
A warning!
The cost of houses outside the city is lower than in cities, thus reducing the terms of payments and the risks of banks. Yes, and pensioners live in country house the house is much more comfortable than in a stuffy apartment.
And even in spite of the fact that real estate bought on a mortgage is a collateral, the risk of being refused a loan is great. This is due to compulsory insurance the borrower, and insurance companies are trying to bypass the elderly.
Conditions for obtaining a mortgage for a pensioner
Retirees can use the mortgage program not only in state banks but also in commercial. However, for people of this age, separate conditions, more rigid. The main condition is the repayment of the mortgage by the borrower before he reaches the age of 75 years.
Just as with any other type of loans, the pensioner will have to provide the bank with a certain package of documents. Basic documents required in any credit institution are - a certificate from the Pension Fund (pension fund), a certificate from the place of work (for working pensioners), sometimes an extract from a personal account is required.
If some of the documents cannot be provided, then the mortgage will be issued on the security of valuable property: a car, a house (apartment), shares, etc. In addition, a surety may be required.
For this, the guarantor will have to prove his solvency. Basically, the presence of guarantors is required only for non-working pensioners.
Attention!
A pensioner who continues to work is more likely to get a mortgage. All banks have different requirements for the borrower's age and it varies from 65 to 80 years.
Compulsory insurance for pensioners has the highest percentage - 3-4%. The pensioner will have to undergo a medical commission at the clinic, after which Insurance Company will announce the amount of the insurance payment.
Who can be refused a mortgage
For most Russian retirees, mortgages remain just a dream. To whom will it be impossible or very difficult to get a mortgage loan?
- Pensioners who receive minimum size pensions, without additional sources of income.
- People who have no heirs left who will inherit credit obligations are lonely retirees.
- Pensioners who, for some reason, cannot fulfill all the conditions of the bank.
- Citizens upon reaching 75 years of age.
However, not all banks are so strict and many of them are accommodating to the elderly. For each case, the solution is considered on an individual basis.
When can a retirement mortgage be approved
Credit organizations, despite the large number of credit programs that can attract pensioners, are reluctant to issue loans to older people. Most of all, citizens of 55-60 years old who have recently retired can count on getting a mortgage.
Also, the chances for a pensioner in obtaining a mortgage increases the fulfillment of the conditions of banks: the presence of additional income or a certificate from the place of work. Banks are more willing to issue mortgage loans on collateral or in the presence of guarantors.
Reverse mortgage
Recently, a new concept has appeared on the mortgage market - reverse mortgage. Elderly people with disabilities benefit from this program. financial situation, but the property has an apartment that there is no one to leave.
By concluding a reverse mortgage agreement with the bank, the pensioner will receive monthly payments. Thus, it turns out that the bank itself takes the mortgage.
After the person passes away, the apartment or house becomes the property of a credit institution. If there are relatives who can challenge the agreement, they will have to pay all the funds transferred by the bank to the client.
Disadvantages of mortgages for retirees
The main disadvantage of this mortgage program is the large overpayment, which increases the actual value of the property by 2 - 3 times. The main points of overpayment are:
- housing appraiser service, which is paid at the expense of the borrower and ranges from 3 to 8 thousand rubles, it is impossible to refuse real estate appraisal;
- for consideration of the application, banks charge a fee from 1 to 3 thousand rubles;
- registration of a mortgage agreement costs a pensioner 5 thousand;
- for opening and maintaining a credit account, the bank will take about 3% of the total loan amount;
- real estate insurance - 0.2 - 0.5%;
- life and health insurance of the borrower - 0.5 - 2.5% of the debt;
- for each day of delay, you will have to pay 0.2 - 0.5% of the payment amount.
As a result, I would like to note that mortgage for pensioners is not such an affordable thing as the elderly would like to see it. Not all banks are willing to issue loans, even if such a program is on the list of their services.
A warning!
All applications are considered with the utmost care, the solvency and reliability of the client are checked.
But even despite this, it is quite possible for a pensioner to take out a mortgage. And an elderly person will be able to enjoy life in separate house or an apartment and there will be something left as a legacy to children and grandchildren.
source: https://prokreditinfo.ru/
Mortgage for pensioners in "Sberbank"
When people retire, they strive for a calm and measured life. Mess with banks and doom yourself for long credit relations pensioners don't want to.
More often than not, the income of older people does not allow them to pay off bank loans so people try to live within their means. However, today the situation on financial market has changed a lot, and lending has become affordable for people of retirement age.
Foreigners often do this: with retirement, older people begin to take affordable loans and improve their living conditions. The trends of recent years have shown that Russians have begun to use banking programs more actively to meet their urgent needs.
Banking institutions began to take this factor into account and make more loyal lending programs for the elderly. Sberbank was one of the first to offer pensioners to issue a large loan for the purchase of real estate.
After him, other banks began to enter the market for lending to the elderly, but Sberbank still offers more affordable mortgage lending conditions for people of the age.
Features of mortgages to pensioners in "Sberbank"
Sberbank offers a lot of credit programs for pensioners, among which the mortgage lending program stands out. And if pensioners still receive a pension in this bank, then additional benefits are provided for them.
So, elderly Russians can count on a loan for the following purposes:
- For the purchase of finished housing;
- For the purchase of real estate under construction;
- For independent construction of a residential building;
- For the purchase of suburban real estate;
- For the construction or purchase of a garage.
Each of these areas provides for its own terms of lending.
Purchase of finished housing
With the help of this loan, a family of retirees has the opportunity to purchase real estate on the secondary market. It could be an apartment a private house, room or other living quarters... This type of loan implies the following conditions:
- The loan is issued only in national currency(rubles);
- The initial payment on a mortgage is at least 15%;
- Annual interest rate - from 12.5%;
- The maximum loan term is thirty years;
- The minimum loan is forty five thousand rubles;
- The maximum loan amount is calculated depending on the value of the purchased property or the assessed value of other property, which is accounted for as collateral.
The basis is the amount which of these two indicators is lower: either 85% of the appraised value of the acquired housing, or 85% of the value of any other housing, which acts as collateral;
- Either the purchased housing or any other real estate owned by the borrower is pledged as bank guarantees;
- The loan is issued without additional bank commission;
- The mortgage repayment method is annuity.
Acquisition of housing under construction
According to this credit program, a pensioner has the right to purchase housing in a house that is under construction. In this case, the mortgage object must be in a building accredited by Sberbank.
The rest of the lending conditions are as follows:
- The loan is issued only in rubles;
- Mandatory down payment - from 15%;
- Annual interest rate - at least 12.5%;
- The borrower has the right to take out a loan for up to 30 years;
- The minimum amount that the bank gives out on credit is forty-five thousand;
- The maximum borrowing amount is calculated in the same way as in the previous credit program - 85% of the appraised value of the acquired or other collateralized housing;
- The bank guarantee is secured by a pledge, which can be either the subject of the purchase or any other property of the borrower;
- When registering a mortgage, no commission is charged;
Self-construction of a private residential building
In this case, the bank sponsors the construction of a private house. The program is especially popular among retirees who are going to continue their life in a quiet secluded place outside the city, for example, in the village.
This program provides the following loan conditions:
- The loan is issued exclusively in rubles;
- The initial payment is standard - from 15%;
- The annual interest rate on the loan is at least 13.5%;
- A loan can be taken for up to 30 years;
- The minimum borrowing amount is 300 thousand rubles;
- The maximum loan amount is standard for mortgage programs for pensioners - 85% of the appraised value of purchased or mortgaged housing. However, the lesser of the two amounts is chosen;
- Any other real estate owned by the borrower, or the erected house itself, acts as bank guarantees. However, at the construction stage, the bank needs additional guarantees, for example, a surety, etc.
- When registering a mortgage, no commission is taken;
- Loan repayment method - annuity.
Purchase of suburban real estate
This program is a serious help for those who want to buy or build a house in a village outside the city. In addition, the loan can be used for the construction of a summer residence, farm buildings, etc. In this case, the credit conditions are as follows:
- The loan is issued only in national currency, i.e. in rubles;
- Down payment on a mortgage - from 15%;
- The annual interest rate starts at 13%;
- The loan is issued for a period of up to 30 years;
- The minimum loan amount is forty five thousand rubles;
- The maximum loan amount is 10 million rubles;
- The loan is secured by a pledge of the loaned housing or any other real estate, as well as a surety;
- When registering a mortgage, the bank commission is not charged;
- The loan is repaid by annuity.
Building or buying a garage
This mortgage for retirees in Sberbank - 2015 gives the client the opportunity to buy or build a new garage or any other structure for storing a car. This type of lending is carried out on the following conditions:
- Loan currency - rubles;
- Initial loan installment - at least 15%;
- The minimum interest rate is 13.5%;
- The mortgage can be taken for up to 30 years;
- The minimum amount that the bank provides on credit is 45 thousand rubles;
- The maximum amount that a borrower of the age can count on is 5 million rubles;
- The credited object itself or any other real estate owned by the borrower acts as security for the loan. In addition, a surety can act as a pledge;
- When registering mortgage loan no commission;
- The method of repaying a mortgage loan is an annuity.
As a rule, mortgages to pensioners in Sberbank are issued only on condition of a surety, even if the borrower owns a sufficient amount of property. Therefore, more solvent co-borrowers (children, grandchildren) are often attracted to the registration of mortgages.
The bank puts forward simple requirements to the borrower:
- The borrower must be a citizen of the Russian Federation;
- The borrower must be registered in the Russian Federation;
- By the time the mortgage is repaid, the borrower's age must not exceed 75 years;
- The pensioner must have a permanent income with which he can pay off monthly loan installments and have additional funds for living. If loan officer will establish that a pension or other additional income of the borrower can only cover bank payments, then the mortgage will be refused.
In addition, the borrower is obliged to provide the bank with the following documents:
- the borrower's questionnaire, as well as co-borrowers and guarantors (if any);
- a passport with the borrower's registration in the territory of the Russian Federation, as well as passports of co-borrowers and guarantors, if they are involved as parties in the execution of the contract;
- documents confirming the presence of a regular income of the client (co-borrowers and guarantors, if any). As a rule, these are certificates from the Pension Fund about the accrued pension and extracts from banks where family savings are kept.
- Documents for the purchased property and documents for housing that the borrower wants to provide as collateral.
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