Loans secured by property. How to get a loan secured by real estate - bank conditions and necessary documents

• at the place of registration of the borrower / one of the co-borrowers;
• at the place of accreditation of the employer of the borrower / co-borrower.

Loan application consideration period

Up to 6 business days.

Loan granting procedure

Lump sum.

Loan repayment procedure

Monthly annuity (equal) payments.

Partial or full early loan repayment

It is carried out on a statement containing the date of early repayment, the amount and the account from which the funds will be transferred. The date of early repayment indicated in the application must fall exclusively on a working day.
The minimum amount of an early repaid loan is unlimited.
There is no prepayment fee.

Penalty for late loan repayment

Penalty * for untimely loan repayment corresponds to the key rate of the Bank of Russia in effect on the date of the Agreement conclusion, from the amount of overdue payment for the period of delay from the date following the date of fulfillment of the obligation established by the Agreement to the date of repayment of the Overdue debt under the Agreement (inclusive).

Sometimes various situations in a person's life turn in such a way that one cannot do without credit, and it seems that credit is the way out. But what if, under standard conditions, banks refuse a loan or do not approve of a sufficient amount of money, even at a high interest rate? In this case, you can turn to loan programs based on collateral in the form of real estate or cars. Thus, you can arrange, and much more. The most important thing is that the share of the property is significant and meets the standards and conditions of lending.

Loan from VTB24 secured by an apartment

VTB24 is one of the most popular banks providing loans secured by real estate. There you can get a loan for any purpose.

Terms

The loan is provided on the following conditions: interest rate - from 14.6% per annum, term - up to 20 years, loan amount - from 600 thousand to 15 million rubles. The loan will be secured by an apartment in an apartment building located within the city limits of the presence of a VTB24 bank branch. The apartment may be owned by the borrower or his spouse, in which case a surety is issued.

Documents

The package of documents that will be required to apply for a loan is large enough, because you need not only the papers of the individual himself, but also documents for real estate:

• Statement;
• SNILS;
• Certificate of income;
• Certified copy of the work book;
• Military ID (for men up to 27 years old);
• Certificate of registration of ownership of real estate;
• Basis of ownership (purchase and sale agreement);
• Extract from the house book;
• Other documents.

How to get a loan?

In order to get a loan, you need to submit an application to VTB24 Bank for a consultation, and then come to the bank branch with the necessary package of documents. As a rule, VTB24 makes a decision within 4-5 working days, after which it notifies a potential borrower about it.

Loan secured by an apartment in Sberbank

Sberbank today is also ready to provide an inappropriate loan secured by real estate. The bank does not require any commissions for registration, as well as confirmation of goals.

Terms

The loan is issued for up to 20 years at a rate of 14% per annum. The maximum loan amount can be 10 million rubles, and all this without an initial payment.

Borrower documents and requirements

Due to the fact that the loan is issued against the security of property, the requirements for the borrower are the most loyal. Such a loan can be obtained by an individual from 21 to 75 years of age with at least 6 months of work experience at the current place of work and at least 1 year over the last 5 years.

Standard package of documents:

• Statement;
• Passport of a citizen of the Russian Federation;
• Document on permanent registration in the territory of the Russian Federation;
• Certificate of income;
• Document confirming work experience;
• Bond documents (within 60 calendar days after approval).

How to get a loan?

Advice: many banks provide an opportunity to repay loans ahead of schedule without any commissions. If insurance was imposed on you during registration, with partial or full early repayment of any loan, you can return part of the money for the unused period. To do this, you will need to apply with the appropriate document from the bank and a written application to the insurance company with which the insurance contract was concluded through the bank. This way, even if chosen, you will always have the opportunity to reap more benefits, since insurance is usually not cheap.

Rosselkhozbank

An inappropriate loan secured by real estate can also be obtained from the Russian Agricultural Bank. Here you can take a significant amount of money by providing a minimum package of documents according to the standard.

Advice: on the website of the Russian Agricultural Bank, Sberbank, VTB24 and many others, you can find a special online calculator that calculates the approximate possibilities of obtaining a loan and monthly payments.

Terms

The maximum loan amount is 10 million, the minimum is 100 thousand rubles. Interest rate - from 16.5% per annum. The collateral can be a separate apartment or house with a plot owned by the borrower.

Borrower requirements

A loan can be obtained by a citizen of the Russian Federation who has reached the age of 21 and has at least 6 months of experience in the last job. With the involvement of co-borrowers, the loan amount can be increased, and the requirements will apply to them.

Documents

The package of documents for applying for and processing a loan must include:

• Application form of the borrower and co-borrowers (if any);
• Passport (and passports of co-borrowers);
• Certificate of income;
• A copy of the work book;
• Real estate documents as collateral.

How to get a loan?

In order to obtain an inappropriate loan secured by an apartment at Rosselkhozbank, you must contact the nearest bank branch with the above package of documents.

AK Bars

Bank AK Bars today provides consumer loans for any purpose secured by real estate, the maximum size of which is limited only by the clients' solvency.

Terms

The minimum loan amount is 10 thousand rubles. Interest rate - from 20% per annum. The loan is issued for a period of 1 to 5 years.

Residential real estate not encumbered with the rights of third parties can serve as security. Simultaneously - no more than two residential real estate objects. Non-residential property used for commercial activities (not including production), as well as land plots can be pledged as collateral.

Requirements

Mandatory requirements for both the borrower and the guarantor (if any):

• Permanent registration in the region of the bank;
• Official source of income;
• Age from 21 years;
• Work experience at the last (current) job for at least 6 months.

Documents

The bank requires the following package of documents from borrowers:

• Statement;
• Passport of a citizen of the Russian Federation;
• The second identity document (military ID, foreign passport, driver's license, TIN certificate, SNILS).

How to get a loan?

Bank AK Bars provides an opportunity to complete an application online without leaving home. To do this, you need to go to the site and fill out the appropriate form. The term for consideration by the bank of the application upon presentation of the entire package of documents is 3 days.

Orient Express Bank

Orient Express Bank is now ready to provide loans secured by vehicles and real estate. he will not provide, but a profitable consumer loan secured by an apartment may well be.

Terms

On the security of an apartment, you can get a loan from 300 thousand rubles to 15 million rubles at 10-26% per annum. The loan is provided for a period of 1 to 20 years.

As a mortgage, you can provide an apartment owned, a country house with a plot, a cottage, as well as commercial real estate. A surety may be required.

Requirements

Borrower requirements are loyal and simple:

• Citizenship of the Russian Federation;
• Age - from 21 years old;
• Work experience of at least 3 months at the last job;
• Stable monthly official income.

Documents

In order to apply for a loan, you must submit the following documents to the bank:

• Passport of a citizen of the Russian Federation;
• Statement;
• Certificate of ownership;
• Cadastral passport;
• The document is the basis of the ownership.

How to get a loan?

To apply for a loan from Orient Express Bank, you can make an appointment directly on the website. To do this, you need to select the appropriate menu item.

Advice: many banks, including those listed above, provide discounts and benefits for clients who receive wages and other payments to their account, and also do not require certificates of wages and proof of work experience. Therefore, it is advisable to contact your "own" bank.

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Nowadays, you can get absolutely any loans on loyal terms, including secured by real estate. The main thing is that payments along with real estate tax are not a burden, and the amount received is beneficial. You should not take a loan secured by real estate, knowing that it will be difficult to repay it, because in case of non-payment, you can be left completely homeless. Any loan, even at the lowest interest rate, should be approached responsibly.

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Among the wide variety of loan products offered by banks to individuals, the segment of lending against various types of property, including secured by real estate, has recently been actively developing. Traditionally, this is a mortgage: a loan for the purchase of a finished or under construction apartment, cottage, townhouse. However, recently, simple consumer loans for arbitrary purposes began to appear on the security of existing real estate (apartments, separately built houses, land plots). This article is devoted to the peculiarities of lending to citizens secured by existing property.

Legal aspects

Let's start with the fact that a loan secured by real estate from the point of view of the law is a mortgage, that is, a legal relationship arising from the conclusion of a loan agreement secured by real estate collateral. This is the same as the traditional (in everyday sense) mortgage: that is, it does not matter whether the loan is taken for the purchase of a new property or on the security of an existing one.

Legally, such loan agreements will not differ either in text or in consequences: there are the words "real estate pledge" - it means a mortgage. In the law, these terms are synonymous. A loan secured by real estate can be formalized either by a pledge agreement (mortgage), by the way, many banks write this way, or in the form of a mortgage - a security that the bank can then resell.

The main consequence for such agreements is the right of the lender (in this case, the bank) to take away the real estate that you will provide as collateral, in case you do not pay on the loan on time. And it will not matter whether you have another place of residence, whether small children are registered - the law in this case will be cynical. By the way, it is enough to delay payments at least three times during the year for your apartment to be taken away from you even in pre-trial order.

As for the package of documents that will need to be collected in order to receive money secured by real estate, as well as the requirements that banks impose on future borrowers, they are the same as with a conventional mortgage - no more, no less. A minor exception can be made if the loan amount is significantly less than the value of the collateral object - and even then, they can only "donate" with a certificate of income or confirmation of employment, but such exceptions, to be honest, are very rare, and sometimes you have to pay more for such concessions. than if you had collected a complete package of documents.

So you don't have to rely on the speed of processing such a loan. It usually takes one month: one week - to collect a full package of documents for an apartment or other real estate object (including the visit of the appraiser to the site and drawing up an opinion); another week - for the bank to review the application; week - to collect documents; a week - to register the transaction with the federal registration service. If you want to save time, it is better to contact pawnshops, consumer cooperatives or private usurers, where the application will be considered much faster, BUT interest rates will be much higher.

Loan objectives

Banks today offer a host of options ranging from simple consumer lending where the purpose of the loan is not requested. Some prescribe mandatory goals in the terms of lending such as the acquisition of other real estate, the construction of a property, repairs. Moreover, the targeted use of the received loan will need to be confirmed without fail - otherwise they will demand to return the loan or take away the collateral. In fact, there is no fundamental difference for you as a borrower. The main difference will be only in the interest rate, and even then not by much: 1-2% per annum.

What kind of property will be pledged

By and large, practically any: apartments (one hundred percent finished), cottages, townhouses, land plots - the main thing is that ownership is formalized. In principle, the requirements for real estate loans secured by it are the same as for a standard mortgage for the acquisition of real estate (as we already wrote above, there is only one law regulating such legal relations). Another thing is that cottages and townhouses (if you take out a loan secured by suburban real estate), as a rule, are taken as collateral only together with the land plots on which they are located. So keep this in mind: if the land is leased (albeit long-term), such a property may not be pledged.

Secondly, if a citizen owns commercial real estate, then with a great degree of probability it can be argued that such a citizen is engaged in entrepreneurial activity, which means that a loan secured by property is needed for business purposes. In this case, the bank, in accordance with the requirements for the assessment of credit risks, is forced to consider such an application not as a loan to an individual for household needs, but as a loan to a legal entity for carrying out business activities. And this is already another pledge agreement, and, in principle, the entire package of documents and requirements for future borrowers are different. Although, on an individual basis, such issues can probably be resolved with the bank - but this will be rather an exception to the rule than a norm.

A very important issue is the appraisal of the value of a property that will be pledged as collateral for a loan. In all lending conditions, they write a standard phrase that the maximum loan amount cannot exceed X% of the appraised value of the property. And here an "interesting" question arises: who and how will assess the market value?

However, another option is also possible - when an appraisal company accredited by the bank will make the assessment. At the same time, the bank immediately warns that the costs of the appraisers will be borne by the future borrower for a loan secured by real estate - that is, you. On the one hand, with such an approach to real estate appraisal, additional (often unnecessary) expenses arise for you.

But, on the other hand, appraisal companies are more objective in determining the market value of real estate, moreover, sometimes you can "negotiate" with them, and they will somewhat overestimate the appraised value so that you "fit" into the value you need on the loan. On average, the services of appraisal companies cost three thousand, unless they have to roll out of town or wherever - in this case, they will have to pay to move their specialists.

Some banks make the requirement, which has already become archaic, that no one is registered in the real estate object being pledged on a loan by the time of registration of the transaction and registration of the collateral - thus they are insured against possible problems in the sale of the object of collateral in case you are inappropriate pay the loan.

However, these requirements are really superfluous, because in accordance with the law on pledge and mortgage, the pledgee (that is, the bank) can quite calmly write out and evict all residents, as well as sell the pledged object (that is, the bank) on completely legal grounds.

Interest rate

Usually, the rate on consumer loans secured by real estate is 1-2% per annum higher than for a standard home loan (mortgages secured by real estate are "cheaper") - banks traditionally consider such loans to be more risky than just buying a home. In addition, the majority have little faith in the fact that the loan is taken for repairs or recreation. The majority is sure that loans in this amount are taken for business purposes. In general, this does not bother them - the fact that a loan is issued for a specific individual, and not for a business enterprise, and even real estate in the form of collateral is more than a sufficient guarantee of a refund (banks are even considering a collateral for commercial real estate).

Who took out a loan secured by real estate? Reviews confirm that it is quite easy to get funds in this way. Let's take a closer look at this issue. Loans secured by real estate are provided by various types of credit institutions and individuals. In order to use this type of lending, an individual must own an apartment, house or land plot - any type of real estate.

Provided by whom?

MFIs and individuals provide such loans secured by real estate under a simplified system. This requires a minimum package of documentation; the involvement of guarantors is not necessary. In this case, specialists urgently go to the location of the property and make a conclusion about its value. At the same time, the transaction can be carried out even if there are debts for utilities. The lender is not interested in the level of income and solvency of the borrower, and it is not required to deregister the citizens registered in the dwelling. In addition, it is possible to take out a loan secured by real estate if you own only its share.

Pledge agreement

This transaction is formalized in the form of a pledge agreement, the terms of which include the fact that the real estate object is encumbered by the lender, and the borrower from that moment has no right to perform any operations with respect to this property until the expiration of such an agreement. However, the homeowner can live in this house or apartment. What are those who took out a loan secured by real estate, reviews? More on this later.

MFI offers

Approximately half of all microfinance organizations offer loans to individuals secured by property. Such programs attract clients by the simplicity of the registration procedure, and the presence of real estate in the property significantly increases the amount of money that can be provided to them as a loan.

In order to execute such a transaction, the following documents will be required:

• a contract of privatization or inheritance, donation, purchase and sale of a specific object;
• certificate confirming the registration of real estate.

The conditions under which you can obtain credit loans secured by real estate include a period from 1 month to 1 year, interest rates from 10%, a sum of money in the amount of 80% of the value of the property. The term for issuing money is up to 7 days. The repayment schedule for such loans can be set individually for each specific client, and it is also possible to repay the debt ahead of schedule or defer payment for a period of up to several years. A loan secured by real estate is issued in cash or in the form of a transfer to the recipient's account or plastic card.

Loans secured by property from private investors

The services of individuals who provide a loan secured by real estate also have some advantages. These include:

Terms

Loans secured by real estate between individuals are issued, as a rule, on the following conditions:

• interest rates - 13-25% per annum;
• the amount of the loan amount is from 60 to 90% of the market value of the real estate object;
• loan term - up to 5 years;
• the loan agreement is the main guarantor of such a transaction.

Nevertheless, despite all the advantages of this type of lending, individuals who want to take out a loan secured by real estate have a huge risk of becoming victims of fraud. Therefore, such transactions should be concluded with the involvement of notaries, as well as carefully delve into the essence of the loan agreement.

Registration of real estate on security: what you need to know

There are many nuances that citizens need to know who want to get such a loan. Some of them include the following:

• Real estate owned by minors and incapacitated citizens is very problematic to mortgage. Also, a rare case of admission as collateral for a loan are communal apartments.
• Individuals mortgaging their real estate must take into account the additional costs associated with insuring these properties, which lenders often require.
• When making such a transaction, it is necessary to invite a qualified lawyer who will witness it and will be able to carefully check all the terms of the contract. This also implies additional costs for the borrower.
• When evaluating a property, lenders often underestimate its market value. To prevent this from happening, the borrower has the right to invite an independent appraiser.

How can an individual face a loan secured by real estate?

Features of transactions with MFOs

MFIs will approve almost 90% of applications for loans secured by real estate. This is because such deals are very beneficial for them. The order of consideration is as follows:

• The borrower must fill out a questionnaire presented on the official website of the organization, where it is necessary to indicate the loan amount and information about the collateralized real estate.
• After that, a response should be received about the preliminary decision of the credit institution.
• The market value of the property is being assessed.
• Signing a loan agreement.
• State registration of this agreement.
• Drawing up all the necessary schedules for loan repayment and issuing a sum of money to the client.

According to reviews, loans secured by real estate in Tyumen are processed quickly. Numerous responses confirm that this practice is common here.

The documents that the borrower must provide to the MFI are an extract from the house register, as well as a certificate of ownership of a specific real estate object. On the day of submission of these documents, an individual can be given half of the loan amount, and the rest after state registration of the loan agreement.

Peculiarities of transactions with private investors

Individuals wishing to obtain this kind of loan can cooperate with private investors, especially if their priorities are the urgency of obtaining a certain amount of money in their hands, as well as a minimum package of documentation. Private lenders can offer them to arrange a similar transaction in two ways:

• With the help of a pledge agreement, when the property remains in the ownership of the borrower, however, there are certain restrictions on the disposal of this object.
• When concluding a contract of sale or donation of real estate with lease and the primary right to purchase it.

Private investors, as a rule, offer their clients to choose the terms of repayment of such loans - at the end of the agreement, quarterly, monthly, etc.

So, what do those who took out a loan secured by real estate say?

Reviews of citizens

Sometimes, when applying for small loans, confirmation of the collateral and income of an individual is not required. However, citizens who have already used such services once notice that if a large amount of money is needed on a loan, then real estate collateral is the only solution to this problem. Such an object can be either an apartment or a private house, or a piece of land.

All methods of lending, especially with the attraction of the collateral opportunities of borrowers, according to customers of banking and other credit organizations, have both pros and cons.

What other reviews are there? Who took out a loan secured by real estate and was satisfied?

Pros of lending with collateral

So, when it comes to loans with collateral, they are usually inappropriate. Since the client can spend the funds received on the loan at his own discretion, documentary evidence is not required.

The advantage of this lending option is that the borrower in this case can borrow a fairly large amount of funds, but also get the most favorable lending conditions for himself, for example, such as a low interest rate and the absence of documentary security for a loan secured by real estate.

Lending against the security of property begins to develop at an intensive pace. In times of crisis, it is most relevant. Many people have little or no official income for some reason. In this case, banks can issue a loan by accepting the client's property as collateral.

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Lending terms

Property that banks and financial institutions accept as collateral may consist of:

• real estate (house, apartment, land plot, garage, office, commercial real estate);
• movable property (car, freight transport, special equipment, river and motor transport);
• valuable things (antiques, stocks, securities, art objects, etc.);
• the right to claim third parties (promissory notes);
• other property that is liquid on the market.

Large banks issue loans to individuals only against the security of real estate and vehicles.

Most often, the collateral serves as additional security to the basic income. Therefore, banks require the mandatory provision of income statements.

Microfinance organizations simplify the registration procedure and issue loans only against the security of property, and under conditions that banks will never agree to - bad credit history, lack of income, and others.

Loans secured by collateral can be targeted and inappropriate. If everything is clear with the inappropriate, then the purposes for which a loan is issued against collateral may be different.

Basically, these are mortgage loans - for the purchase of housing. In this case, the purchased property is accepted as collateral.

Some banks issue loans for specific purposes, for example:

• Gazprombank - for gas supply or for the purchase of gas equipment;
• Rosselkhozbank - to open an agricultural business or to purchase fertilizers and equipment.

The main condition for obtaining a loan secured by property is documentary evidence of rights to this property.

Documents on state registration of ownership of an apartment or a car, confirming the paper on the ownership of gold bars or antiques, an extract from the Depo account on the ownership of shares.

If the client is unable to repay the loan, the property, according to the pledge agreement, becomes the property of the bank, and he has the right to sell it on the market. Thus, covering losses from the outstanding loan.

To obtain a loan secured by property, a credit institution must assess the subject of the pledge.

Most likely, the appraiser will name the minimum property value in order to maximize the income of the institution.

All credit organizations working with collateral issue such loans as a percentage of the assessed value of the collateral object.

The issue percentage can range from 40% to 90% of the property appraisal.

A separate item is pawnshops. Here you can get money on the security of small personal property - TV, telephone, fur coat, gold jewelry.

Where to get?

The problem of where to get such a loan does not exist at the moment. Any major bank issues at least one such loan.

In addition, there are many offers on the market from relatively small financial companies.

They issue loans according to a very simple scheme, but you should carefully study all the nuances of their lending. Usually, interest rates in them are several times higher than in large banks.

Now a huge number of small credit organizations have appeared. Be careful before you take such a serious step as a loan secured by property, find out everything about the institution where you plan to take a loan.

On the sites, credit organizations do not seek to show information that is not profitable for them, find out everything of interest by phone or from employees.

But do not rush to agree to a loan, even if you have a difficult life situation. Think and analyze!

Judging by the reviews and videos on the Internet and the media, there are fraudulent schemes in which you can lose property and not get money.

Where to get a loan secured by property?

Consider the proposals of several credit institutions secured by property.

Sberbank

Sberbank requires its borrowers to provide mandatory confirmation of income and employment.

For those who receive their salaries in a bank account, the interest rate is reduced by 1%.

Rosselkhozbank

You can confirm your income with a bank certificate. Unlimited early repayment. You can pay off with differentiated payments (from higher to lower).

Did you know that today there is an opportunity to take? Want to know more, read the article.

And you can find out how to take out a loan secured by a house in Sberbank. The proposed article contains the most relevant and complete information on this type of lending.

MSK loan

Provides loans according to two schemes. Banking scheme in cooperation with one large bank, registration on bank terms.

The non-bank scheme provides for a simplified issue and an increased interest.

Vyborg-bank

Engaged in lending secured by cars. On the security of PTS - this is when the client can use the car, and the original PTS is kept in the bank.

Car pawnshop is when a car is left in the parking lot of the bank. The loan amount and interest rate are about 1.5 times higher.

We suggest taking a look at this table for reference:

Registration methods

It is very easy to get a loan secured by property. Both banks and microfinance organizations have official websites where you can apply for a loan online in a few steps:

After receiving preliminary permission to issue a loan, the client with a package of necessary documents applies to the bank.

In case of a final positive decision, the documents are drawn up, and this may take several more days.

In microfinance organizations, things are simpler. They promise to issue a loan in 1 day.

The thing is that such organizations are interested in issuing as many loans as possible, because the interest from the client can reach 100% per annum. In such institutions, the issuance process is brought to automaticity.

Both property appraisal and paperwork are carried out very quickly. If a client needs money very urgently and is not embarrassed by a high percentage, then this option is quite good.

Kinds

Consider several nuances of loans secured by property:

Without income statement

Such loans are usually issued by small financial institutions, where the risks of non-payment are offset by an increased interest rate.

This is very convenient for those whose official income is small. This option is also suitable for those who have no income or it is impossible to officially confirm it.

On the security of the acquired property

This option is used for mortgage lending. The purchased apartment is accepted as a deposit.

The buyer can use the mortgaged apartment at his own discretion.

But it is possible to sell mortgaged housing only with the permission of the bank, in the event that it was originally spelled out in the contract.

In cash

Usually loans are issued either in cash at the cash desk of a credit institution, or are transferred to the client's card. The transfer takes about a day and this must be borne in mind.

Consumer loan

Personal loans secured by property are one of the most popular types of lending in our country.

Even rich people use it to buy even more expensive property.

With bad credit

Anyone can find themselves in such a situation. Money is urgently needed, and banks refuse one after another.

In this case, you can contact a microfinance organization. The loan will be given, but you will have to pay several times more interest for it.

Mortgage

The most popular targeted loan in large credit institutions. Accepted as collateral purchased housing or other property owned by the client.

Other property and property of third parties can also be accepted as collateral.

Inappropriate loan

The good thing is that it does not require the client to confirm the intended use of funds, as for a mortgage loan.

Money can be invested in buying a new car, traveling, renovating an apartment, developing your business. And you can invest in another bank at a higher percentage.

Borrower requirements

Requirements for potential borrowers differ slightly depending on where the client plans to take a loan.

Banks usually require their clients to confirm income and have a positive credit history. In any case, having a permanent source of income is encouraged.

The rest of the requirements are the same:

• russian citizenship with registration in the region where the loan is issued;
• if there is a temporary registration, a loan can be issued only for the period of registration;
• age from 21 to 60-70 years old;
• documentary substantiation of the right to the mortgaged property;
• availability of contact phones, as well as phones of relatives;
• adequacy, absence of bad habits (determined by the employee visually).

In lending secured by property, certain requirements are imposed on the subject of the pledge.

He should not be encumbered or bound by any obligations (already pledged, arrested, and so on).

The vehicle must be in good working order and not older than a certain age. One of the main criteria is the liquidity of this type of collateral on the market.

Required documents

The list of documents may vary depending on the credit institution. The main documents that are required everywhere are the citizen's passport and ownership of the pledged item.

The ownership of real estate is confirmed by a certificate of registration of ownership. Additionally, extracts from the house register, BTI and USRN may be required.

The right to own a vehicle is confirmed by a vehicle passport and a vehicle registration certificate. It must also be insured.

Insurance can be issued right at the time of registration as a deposit.

Ownership of some valuable asset depends on the type of asset. This can be an extract from a Depo account, or a certificate of ownership of a gold bar.

For luxury goods, art and antiques, the owner must also have documents proving their ownership.

Banks require borrowers to confirm income with a certificate of forms 2 - personal income tax, 3 - personal income tax, a certificate in the form of a bank.

How much to expect?

For loans secured by property, there is only one criterion for the maximum amount - the estimated value of the collateral.

Typically, such loans are issued at the rate of a certain percentage of this cost, in the range of 50-90%.

For example, a client has an apartment worth 5,700,000 rubles... The appraiser assigned her a price 4 500 000 rubles.

The credit institution provides a maximum loan amount of 60% of the appraised value.

I.e, 4 500 000 multiply by 60%, we get the maximum loan amount in RUB 2,700,000.

Interest rates

Interest rates on collateralized loans vary widely. Large banks provide such loans, ranging from 11-12% for mortgages, from 15-20% for consumer loans.

But here you need to clarify the availability of additional interest and commissions. These can significantly increase the amount of the payment.

Small credit institutions ask several times more for their services.

The simplified issuance procedure will have to be paid out of pocket with increased interest. For example, you can pay up to 20% per month on auto collateral.

And to obtain complete and up-to-date information about a loan secured by TCP, we recommend you go to.

Timing

The terms depend on the type of collateral. Large sums of money are issued on the security of real estate and the terms here are the same long, up to 20-30 years.

On the security of a car, you can take out a loan from 3 days to 3 years. Some microfinance organizations usually give such a loan for 1 year, but offer to extend it if the client does not have time to repay everything on time.

Repayment methods

The loan is repaid according to the standard scheme in annuity (equal) payments. Monthly payment \u003d (loan amount + calculated interest amount for the entire loan term): number of months in the loan term.

When concluding a loan agreement, clarify whether early repayment is possible. What is the procedure and is it free.

For example, in Sberbank, early repayment requires an additional visit to the bank's office and paperwork.

The repayment process itself is straightforward. There are many ways:

• internet banking on the official website;
• mobile applications;
• aTMs with the function of depositing money;
• terminals of various systems;
• transfers;
• write-off from the account;
• transfer from wages (by agreement with the employer);
• at the cash desk of a credit institution.

It should not be forgotten that some repayment methods are paid and a commission of 0.5 to 7% is taken for them.

Check with your lending institution which of these methods will be available to you.

Insurance

This point is very important when applying for a loan. First, it is to protect the borrower and his family from problems in the event of loss of income, health or life.

You can also take out insurance against loss of property rights. Secondly, in case of refusal to obtain insurance, the credit institution increases the interest on the loan by 1-20% per annum.

Pros and cons

The positive aspects of a loan secured by property include:

• lack of proof of income;
• ease of receipt;
• the opportunity to receive money and at the same time use the collateral (except for the pawnshop).

Negative sides:

• many supporting documents;
• the risk of loss of property;
• high interest rates;
• underestimation of the appraised value of the property;
• the opportunity to run into scammers.