Mortgages where low interest rates. Which bank is better to take a mortgage: interest rates
Dozens of interesting and not so interesting offers are poured into the modern borrower, which only confuses his choice. And yet, where is it more profitable to get a mortgage? How do you find the best solution for yourself if there is too much on offer? In this article, we will review mortgage terms modern Russian banks to help you find the most suitable offer.
About programs
A mortgage loan, unlike a consumer loan, involves the surrender of its real estate bail to the bank until the end of payments. Thus, the lender completely gets rid of the risk that the borrower will not pay, because the latter may lose his apartment in case of delays.
Mortgage programs can be divided into two types:
- Basic.
- Specialized.
The former are suitable for all people, and the latter are suitable for a certain category (for example, young families, military personnel applying for state support, and so on). You can read more about this below.
So where is the most profitable mortgage loan?
The cheapness of a loan for many is the main factor when choosing. But each proposal should be studied as carefully as possible, because pitfalls can be hidden behind the low cost. So which banks are best for mortgages?
There are people who only trust reputable financial institutions. They turn to long-standing banks in order to be calm during a considerable loan repayment period. Indeed, this is correct, because the larger and older the organization, the lower the risk of unforeseen circumstances.
There is also another side of the coin - brand new creditors who have not yet had time to "unwind". To become more popular and build a reputation for themselves, they offer better mortgages to save money on, and they tend to make it much easier to get a loan. You need to decide: you want to get a loan with the maximum profitable for yourself, but with a risk, or pay more, but be calm during the entire repayment period.
In what currency to take a mortgage?
The answer is clear: in the one in which you earn.
With a down payment or not?
On the one hand, many people do not like to pay an initial fee and they are looking for organizations where this payment can be avoided. But, on the other hand, without it, a much larger overpayment is obtained, and ultimately it is unprofitable.
We draw your attention: it is much more difficult to take a mortgage on a new building than on a secondary property.
Financial institution location
New lenders may not have internet or mobile banking and will have to travel to their office regularly to repay the loan. As a result, having taken a cheap loan, you are tortured to constantly visit their office and, moreover, spend a lot of money on travel (or gasoline). Therefore, before taking out a mortgage, make sure that: either the office is located next to your apartment, or the lender provides the opportunity to pay via Internet or mobile banking.
What to look for
Very soon we will tell you about the mortgage conditions of popular banks in the Russian Federation, but first of all, mandatory you should know what to look for if you are going to take out a loan.
1. Loan amount
Each bank has a set amount that it is ready to provide to the borrower. Therefore, in the search financial institution specify immediately how much money you will receive.
2. Annual interest
Try to find a bank with a low annual interest rate to keep your overpayment down. The optimal value is 15%. It is rare to find below, but if you are a regular customer of a large organization, there is a chance that you will be provided with better mortgage conditions.
3. Down payment
In some bank, it can be 10%, and in another - all 40%. The optimal value is 20-30%. On the one hand, too high a contribution may be unbearable for the borrower, on the other hand, the smaller it is, the higher the risks for the financial institution.
4. Loan term
All loans are issued for a specified number of years. And it turns out like this: the longer the period, the higher the overpayment in the end, but lower monthly payment... And vice versa - the shorter the term, the lower the overpayment, but you will have to pay more every month, which may be overwhelming for some borrowers.
These are commissions for the organization's services, fees for opening a bank account, issuing a card, and so on. Moreover, banks require property and life insurance.
6. Requirements for the borrower
To ensure that they receive their money back, financial organizations put forward requirements for borrowers: their age, salary level, credit history etc.
Review of the best banks for mortgage loans
So we got to the main thing - an overview of the mortgage conditions of modern banks in Russia.
For secondary real estate
Almost every bank in the Russian Federation will willingly issue. Therefore, we will not recommend a specific financial institution here. Choose the lender you like with the most favorable terms for yourself.
With parent capital
It is known that the maternity capital can pay the initial contribution, but not every financial organization will agree to this. And the one that agrees will accept the certificate only if you intend to buy a resale property. So, the initial contribution by the capital can be paid from VTB 24, AHML, Sberbank.
Where no down payment is needed
If earlier it was possible to take a mortgage from many banks without a down payment, now it is not so - the crisis has played a cruel joke. Nevertheless, Sberbank still offers such an opportunity, and if you consider it as an option, then use it.
For young families
Benefits are available to young families that can be used by some organizations. For example, the same Sberbank offers its clients under 35 a low interest rate - from 12.5% per year, an initial payment - 15% of the amount and a long loan term, reaching 30 years.
For military personnel
As a rule, the military pays a lower interest on the loan, however, you need to be a member of the savings program to receive benefits. Today, the following are working with the military: Sberbank, AHML, Gazprombank and other financial organizations.
For those who fall into social categories
If the client belongs to the social categories of citizens, it is quite possible for him to apply for more favorable mortgage conditions that are offered by: Bank ITB, Russian mortgage bank, Rosinterbank and other creditors.
For those applying for state support
Client applying for government support(that is, intending to buy primary real estate), can apply to the Moscow Industrial Bank, Sberbank, Globex Bank, VTB 24 and other organizations for a loan at a low rate.
For those who do not belong to a special category, but want to pay a small interest
Such people in large financial institutions such as Sberbank, Bank of Moscow, Rosselkhozbank, VTB and so on.
More about conditions
Let's look at what conditions are offered by the largest banks. Russian Federation Today.
Sberbank
Sberbank has been in mortgage lending for a very long time, so here you can easily get 300 thousand rubles for a period of up to 30 years. At the same time, no more than 80% of the property is covered. There is an initial payment, but it is quite small - only 20%.
VTB 24
In this organization, the conditions are similar to those of Sberbank, but there is an upper bar - you cannot take a loan in the amount of more than three million rubles.
Interest rate
Many people dream of buying an apartment, but not everyone can afford to spend such a tangible amount of money at once. There is often only one way out in such a situation - to take mortgage... Many cannot decide on such a crucial step, realizing that such a loan will have to be repaid for a very long time. Nevertheless, subject to several rules, as well as a careful choice of a bank, you can move into your own apartment without significant problems.
How to take a mortgage loan correctly and profitably
The decision to buy an apartment on a mortgage for many becomes the most important in life. At the same time, I really want the loan to be as profitable as possible and not become bondage.
How to get a mortgage loan correctly? This question inevitably arises among potential borrowers. There are actually several important rules, the observance of which will help make the purchase of an apartment a joyful event and will not allow the registration of a mortgage to ruin the life of the borrower.
- Before applying for a mortgage, you should assess your capabilities. It is desirable that monthly payments do not exceed one third family budget... If you do not follow this rule, it can be very difficult to get a mortgage.
- Best to improve living conditions gradually. In this case, the payment amount will be lower. In addition, it will be possible to pay off the mortgage faster, and if you want to buy a bigger apartment in the future, you can get a loan for more profitable terms.
- It is not enough just to take out a mortgage from a bank. Make monthly payments on time. The maximum savings in the family budget will help create a safety cushion. Ideally, it should be around three monthly payments. This will help you pay your mortgage even in case of temporary difficulties. When the "stash" is created, you can start partially early cancellation. This will help save on interest payments.
The minimum overpayment can be achieved not only when matched Better conditions on a mortgage loan. It is important to buy an apartment when there is a drop in the market. In this case, one should carefully study the forecasts of specialists.
The best banks for mortgage loans
You should not rush to get a mortgage. Even before making a decision, you should carefully read the proposals of various credit institutions. To understand where is the best place to get a mortgage. In this case, one should take into account not only the size of the interest rate, but also other conditions:
- Availability of additional commissions, insurance and payments.
- Conditions for early cancellation (including partial).
- The amount of the initial payment. Let's say right away that it is quite difficult to get a mortgage loan without a down payment in 2019, because these are big risks for a bank. As a rule, the first installment on such loans starts at 10 percent. If you do not have an initial payment for buying an apartment on credit, pay attention to banks where you can arrange consumer credit for any purpose. The money received can be sent to the down payment on the mortgage.
A large number of offers on the market often leads to the fact that potential borrowers can get confused and confused. The sheer number of tempting advertising slogans can be misleading. Therefore, it will be useful to use when choosing the TOP-5 best banks for a mortgage loan, compiled by specialists.
Profitable mortgage loan online through the Tinkoff service.
He offers to consider the offers of several banks for loans to buy an apartment. At the same time, you can leave the frightening thought about the need to run around the offices of various credit organizations. Online application on a mortgage through the Tinkoff website allows you to shift all the problems of sending documents to the bank to a personal manager.
After filling out the questionnaire on the Tinkoff Bank website, your application will be considered by several partner banks at once. After approval, all that remains is to choose best bank for a mortgage from the proposed list. Moreover, when applying for a loan through Tinkoff, you can get a discount on the interest rate of up to 1.5%. Considering the large amount and term of the loan, this is a rather tangible savings.
At the moment, the minimum rate on a mortgage loan for an apartment in a new building starts at just 6% per annum. The maximum term is 25 years and the loan amount is up to 100 million rubles. it is very important that through the service, not only employees of companies, but also entrepreneurs of individual entrepreneurs can leave an application for a mortgage loan.
Mortgage loan with bad credit history in the bank BZHF
Anyone can apply for a mortgage loan at the Housing Finance Bank. Moreover, as the bank says, even borrowers with a bad credit history in the past can get a loan. The main thing is that at the time of filing the application there are no current overdue payments on loans in other banks. This is one of the few banks where you can get a mortgage loan without refusal due to bad credit history in the past. The BZHF statistics show that the bank approves 82% of submitted mortgage applications. This is a very high rate!
In addition, a mortgage loan in the BZHF has the following advantages:
- Mortgage on 2 documents (passport and second document - SNILS, TIN, driver's license).
- There is a mortgage program that allows you to get a loan without certificates on the day of application.
- Official confirmation of income, reduces the interest rate and increases the credit limit.
- Registration of the transaction and the apartment takes place in no more than 3 days.
- A mortgage loan is issued directly from the bank, without the participation of agents, intermediaries and commissions.
- Important! Residents of the following cities can apply for a mortgage loan online: Moscow and the region, St. Petersburg and Leningrad region, Volgograd, Yekaterinburg, Kazan, Krasnodar, Krasnoyarsk, Nizhny Novgorod, Saratov, Novorossiysk, Novosibirsk, Omsk.
Favorable conditions for a mortgage from Otkritie Bank
When deciding which bank to apply for a mortgage loan, you should not ignore Otkritie Bank. The conditions for mortgage lending are quite loyal here. The client is offered several interesting programs to choose from, depending on the needs of the borrower:
- Buying an apartment in a new building.
- Buying an apartment on the secondary market.
- Refinancing of mortgage loans from other banks.
- Military mortgage.
- Property under maternal capital.
- Mortgage loans for the purchase of large apartments.
The interest rate in the bank Opening is determined by which mortgage program the loan was issued. On the minimum percentage- 8.9% can be calculated when buying an apartment in a new building or military mortgage... Other features include a down payment of 10% and a maximum term of 30 years.
Mortgage loan is profitable with state support from VTB Bank
- The interest rate here starts at 10.2%.
- The down payment is less than in many other banks - 10%.
- Possibility of registration without advance payment for maternity capital.
In addition, this bank has a program “Mortgage Loans with State Support”. The program implies concessional lending a family whose second or third child has been born since 01.01.2018. For a certain period, a preferential rate of 6% is established with an initial payment of 20%. Agree that this is beneficial?
There is also an interesting program "More meters - lower rate" when buying an apartment of 65 sq. meters. That is, the larger the apartment, the lower the interest rate.
Mortgage loans for the construction or purchase of a country house from Sberbank
The largest bank in the country, Sberbank, is also very active in mortgage market lending. The bank willingly lends both developers themselves and borrowers who want an apartment on a mortgage loan. Moreover, even pensioners can apply for a mortgage loan, but on condition that the loan is repaid until the borrower is 75 years old.
Like other banks, it offers a state-supported mortgage loan for families with children; mortgage on new buildings and secondary housing; military mortgage programs; mortgage using the maternity capital. There are also programs that can not always be found in other banks. This is a mortgage loan for the construction of a residential building, as well as a mortgage loan for the purchase or construction of suburban real estate ( a private house, garden plot, etc.).
Experts say that interest in mortgage lending will not decrease in 2019. Most likely, it will only grow. With the right attitude towards such loans, a mortgage will only bring the joy of moving to a new home. At the same time, you should not take a loan from the first bank you come across. It is important to figure out where it is more profitable to get a mortgage loan. This will help save the lion's share of the family budget.
P / S before taking a mortgage, be sure to look at the "5 rules for a comfortable mortgage"
When a young family or one person is going to take out a mortgage, they, of course, start looking for the most profitable options. And the majority will begin to choose from those banks where the most low interest on a mortgage. Indeed, the interest rate plays an important role when the borrower's funds are seriously limited (and they are considered limited by default).
The total volume of loans issued as the main criterion
However, in the banking statistics itself, the determining factor is not at all the size of annual interest, but the volume of loans issued in monetary terms and the number of borrowers of the bank. In principle, this approach is not unfounded. If a significant number of people seek to take out a mortgage loan from this particular financial institution, then perhaps this bank actually offers the most favorable terms. Or he has the greatest variety of credit conditions.
According to data for 2015, Sberbank became the absolute leader in the list of all banks in Russia. In the first half of last year alone, he issued a huge amount of 304 billion 302 million rubles to borrowers in the mortgage sector. According to this criterion (volume of issued Money) you can make such a rating table.
Name of the bank | The total amount of money issued for mortgage lending in the first decade of 2015, billion rubles |
Sberbank | |
DeltaCredit | |
Bank of Moscow | |
Rosselkhozbank | |
Gazprombank | |
St. Petersburg | |
Zhilfinance | |
Revival |
The number of clientele is the second criterion
But does this mean that for the desired, cheap and profitable mortgage, you must immediately run to Sberbank? Or, then, in which bank is it more profitable to take housing on a mortgage? The fact is that the rate is not the only criterion, and it is associated with other lending conditions. Moreover, sum of money in itself, it does not say anything either about the number of clients, or about their, so to speak, material status. It happens that large sum consists of many small mortgages (0.5-1 million rubles).
And it happens that the same amount is formed by a much smaller number of larger loans (more than 2 million rubles). Thus, if hypothetically, two banks have approximately the same rating in relation to the volume of funds issued, then their clientele may be completely different. One includes people for whom a loan of 1 million rubles is the ceiling. They will not be able to buy a more expensive option. The other includes those who can afford to borrow from the bank and 2.5 million rubles. Only the first will be the majority, and the second will be the minority. BUT total sums at the exit, the two banks will be the same.
Of course, there are no such pure segregations - any bank deals with the widest circle of people. This example was given only to show how little informative one single criterion is. Consequently, the second important criterion is the number of the bank's clientele in a certain segment of its activity. Sberbank has very high indicators here as well.
Interest rate and terms of mortgage lending in Sberbank
The organization distributed the above 304.302 billion rubles among 198 thousand borrowers. The bank itself claims that such indicators once again proved its status of the "people's" bank of the Russian Federation. Indeed, according to statistical reports, the purchase and purchase of residential real estate on a mortgage for a significant part of the population goes through this bank.
Worth considering full list basic conditions of mortgage loans in this institution. So:
- The minimum loan amount is 300 thousand rubles.
- Annual interest rate - from 11.4% to 13.5%.
- The term of the mortgage loan is from one to 30 years.
- - 20% of the cost of purchased housing.
- You can borrow real estate in the secondary market and housing under construction.
For those who are not in the know. The listed conditions of bank mortgage lending are either minimal or parametric (for example, terms). And they are not related to each other. In this case, at least 11.4% is the minimum rate for minimum loan(300 thousand rubles) the rate will be higher. If you look at the key criterion, the interest rate, then in Sberbank this is the middle peasant. There are many banks where the rate is higher. But there are also quite a few that offer a really low rate. In Sberbank, the purchase of an apartment on credit at an annual rate of 11.5% is a rarity.
In 75% of all mortgages, this beneficiary offers 12.5% or 13%. Moreover, Sberbank in practice has long been an unofficial offshoot of the Central Bank of the Russian Federation. He works closely with all government programs, and this allows you to reduce the rate. When housing is built with state participation, it is a guarantee for the bank that the developer will fulfill the declared project. No wonder when the developer - state organization, interest rates very small.
And when the developer is a private enterprise, then the situation becomes exactly the opposite - a financial institution is very upset with such housing under construction. annual interest... In order to cover losses in case of a possible bankruptcy of the developer. Most likely, Sberbank owes its first place in the rating of loans to government programs. Since there are conditions here that may not suit many clients. First of all, a relatively high down payment.
Rates in some other banks
Rosselkhozbank is generally a fully state-owned financial institution. In the presented rating list, he took a place in the middle. Why did the same Sberbank bypassed it so much, although Rosselkhozbank also implies the purchase of a mortgage and secondary housing and turnkey housing? The point here is not only the scale of the enterprise (Sberbank has the largest number of branches in Russia), but also the higher interest rate.
With the most advantageous offer - the rate of 13.5%, but at the same time it applies only to short-term loans (up to 5 years) and with a large down payment (over 50%). Although this bank has offers where the initial payment is only 15%, but, of course, the rate there will be high (15-17%).
A few words about Tinkoff
It is curious that there are a huge number of banks in the country that are not included in the official rating list, but at the same time have amazingly low interest rates. For example, Tinkoff bank where clients can take out a mortgage loan at 10.5% per annum. For Russia, this is indeed a very low rate. At the same time, according to other criteria, Tinkoff is not worse than Sberbank:
- minimum loan - 300 thousand rubles;
- minimum down payment - 20%;
- loan terms - from 1 to 30 years;
- cooperation of the bank with many government programs.
What's the matter? Why, then, Tinkoff, in terms of the volume of loans in the mortgage program for 2015, did not even make it to the last line of the aforementioned table. It is impossible to give a definite answer here. The bank is difficult financial structure... Its ups and downs are determined by a whole range of factors, both on the domestic and on international market... Yes, even elementary literate advertising and PR play an important role, which makes the purchase of credit housing more tempting.
Are Low Interest Rates Beneficial?
However, this article should be said about the following. Tinkoff, perhaps, will also rise in the rating list, since in the initial analysis his conditions are really quite good. However, borrowers should be aware that low interest rates are often “free cheese in a mousetrap” (and even then not completely free). For example, an additional condition may be a very large down payment (up to 75% of the value of residential real estate). It is clear that the Russians who are capable of depositing such a sum of money at a time are in the minority.
Accordingly, despite the democratic rate, such mortgage lending itself cannot be called democratic in any way. In other cases, low annual interest may mean some kind of commission (for the issuance of the loan itself, for example), compulsory insurance real estate at the expense of the borrower, the impossibility early repayment debt and so on. There is only one piece of advice you can give. If a client is faced with such profitable interest, he needs to sit down and very carefully re-read every word written in the contract.
Including those written small print(especially in small print!). And it is advisable to underline with a pencil those places where at least some questions arise, so that later in order to sort them all out with a bank employee. Now you can make your own bank rating, only not by the volume of loans issued, but by the size of the offered interest rates. It is worth taking for comparison a couple of dozen well-known banks.
Rating table of interest rates of different banks
Name of the bank | Minimum mortgage rate (in %) |
Bank Rosgosstrah | |
Bank Soviet | |
Sobinbank | |
Raiffeisen Bank | |
Bank "Revival | |
Rosselkhozbank | |
Gazprombank | |
Centercombank | |
Russian capital | |
AKB Investtorgbank | |
Svyaz-Bank | |
Bank Zenith | |
Sberbank | |
Promsvyazbank | |
Absolut Bank | |
Bank of Moscow | |
Bank opening | |
Moscow Industrial Bank | |
Ugra-Standard | |
Rosenergobank | |
Bank Interkommerts | |
Tinkoff |
Changes in conditions for the last period in some banks
But even this table does not fully reflect the real state of affairs. The problem is that in last months some private banks began to implement government programs... For example, Raiffeisen Bank recently had a special offer in the field of mortgage lending... It is associated with state support. As part of this offer, the bank's regular rate of 15.25% falls to 11.15%. Bank Vozrozhdenie did the same, including one more in the range of mortgage offers, supported by the government program.
It implies the acquisition of exclusively an apartment in a new building, but not with the usual 13.75%, but with 11.25%. Gazprombank has also created special projects for those borrowers who need either apartments in new buildings or townhouses. For these clients, GPB is ready to reduce the rate from 12.5% to 11% per annum.
Promsvyazbank offers low annuals exclusively for new buildings. And the Moscow Industrial Bank agrees to 11% when a turnkey apartment is taken on a mortgage. At the same time, FOR ALL more or less low rates (i.e., from 10.5% to 12%), the following approximate conditions can be designated:
- The minimum amount of a mortgage is determined in the region of 1.3-1.4 million rubles;
- The minimum monthly payment is 27-28 thousand rubles. That is, no bank will be able to, say, take out a mortgage of 500 thousand rubles at 11% per annum.
Factors Determining the Interest Rate
So, let's summarize. Before asking the question “Which bank has the lowest annual interest rate?”, One should remember what factors influence its size.
- The amount of the mortgage loan. Usually, with its growth, the rate gradually decreases, but for minimum loans, the rates cannot be high either. According to statistics, the most high rates set for mortgage loans: from 1.7 million rubles to 2 million rubles.
- The amount of the down payment. There is an unambiguous, inversely proportional relationship: the higher the contribution, the lower the rate. And vice versa.
- The time for which the loan is taken. For long periods (over 15 years), rates should be moderate. For very short (less than 5 years) they are also low. The highest rates are placed on the most common options - from 5 to 10 years.
- Property type. The highest rates take place when housing that has not yet been built is taken into the mortgage, and the developer is a private company. The participation of the state is always at least a little, but it reduces the rate.
- Presence / absence of the creditor bank card. If a person already has plastic card the organization where he is going to take the mortgage, this will greatly facilitate the whole process. After all, this is an additional guarantee. The institution will simply automatically debit funds from the client's salary card. The level of trust is higher here, and the stakes are lower.
- Low annual interest on a mortgage can mean a number of other obligations that the borrower will have to take on - real estate appraisal, insurance, commissions, etc.
Knowing all these subtleties will help you make the right decision. After reading this material, it should become clear that among the many profitable low rates, one must also be able to choose. It is often better to settle on the offer where the rate is slightly higher. But on the other hand, all conditions are generally much more profitable. The information provided here is aimed at helping a wide range of people to understand the intricacies of Russian mortgage lending and to make the purchase of residential real estate less complicated and stressful process.
One of the main tasks that the citizens of the Russian Federation set themselves is the solution of the housing issue. The value of real estate in the primary and secondary market is constantly growing, this is especially noticeable in large cities... And about such megacities as Moscow and Saint Petersburg, needless to say, here prices for only one square meter of housing reach astronomical figures. But you still need to acquire your own real estate someday, and you don’t have to stick around in rented apartments all your life. Which bank is more profitable to take out a mortgage to buy an apartment?
Saving up 20 years to buy your home is a very difficult and time-consuming business, and taking into account the fact that real estate is getting more expensive every year, it is also useless, because in 10-15 years the amount for which you could buy an apartment today , may only be enough for a few square meters... Therefore, if you have already managed to save a certain amount, you have a stable job and good income then it's time to think about buying real estate with a mortgage loan.
With the development of mortgage offers in banks, the proportion of people who can afford to buy housing has increased. Banks today offer various types of mortgage programs to their potential clients. Since a mortgage presupposes a long-term business relationship between a credit institution and a borrower, then the solution of the problem of where to get a mortgage should be treated with great attention and responsibility.
The decision you make largely depends on how convenient and profitable it will be for you to pay for the mortgage loan. Therefore, the borrower has a completely natural question: "Where is it profitable to get a mortgage?" Russian banks offer a variety of mortgage solutions. But how not to be mistaken and make a really correct and profitable choice? Depends on what exactly is the concept of "profitable".
Where is it more profitable to get a mortgage loan?
On the one hand, a mortgage is great way decide housing issue, however, on the other hand, this is a very important step, which imposes a lot of burdens and obligations on the borrower. Despite all the pros and cons of a mortgage, in our time it is the only reasonably justified loan. Judge for yourself: real estate will only rise in price, and by paying off the mortgage, you will not only not lose money, but you will also be able to earn money when selling an apartment.
Russian banks are ready to provide a variety of mortgage programs for a period of 1 to 30 years. Natural questions arise, and in which bank credit programs better, where is it more profitable to take a mortgage, is there even profitable mortgage? These issues are especially relevant in large cities, where banks have a lot of potential clients, and the competition between lenders and even between consultants in one bank is quite high. Therefore, it is important to choose the institution with which it will be better and more profitable to cooperate for you. Where is it more profitable and better to take a mortgage? The concept of the word "beneficial" is individual for everyone. For example, it is more important for someone to quickly repay a loan so as not to overpay interest. For such borrowers, it is better to take Housing loan at a bank that offers a minimum interest rate. However, it should be said that all mortgage programs provide for the so-called "annuity option for debt repayment." This means that the real interest rate on the loan will be slightly higher than in advertising. You should also not forget about a variety of bank fees, state registration insurance and other incidental expenses.
Therefore, deciding to take a mortgage, while the most "profitable", you need to focus not on the low interest rate advertised in any bank, but rather pay attention to the full cost of the loan. The actual cost of the loan must be calculated at the bank and provided to the borrower before signing the mortgage, loan and other agreements. Only after a full calculation is it worth considering whether to take a loan from this bank or look for a better offer.
What to look for when choosing a bank?
There are many significant conditions to consider when choosing a lender bank. When deciding which financial institution to take out a mortgage from, pay special attention to the following criteria:
- Minimum down payment Is a very important parameter. Today it is very difficult to find a bank where you can take out a mortgage with a 10% down payment. Most lending institutions offer a down payment rate of 20% of the value of the property. And some financial institutions generally require 30% of the minimum down payment.
However, not everyone can shell out this amount right away. Therefore, if you are limited in funds, then choose a mortgage loan from a bank with a minimum interest rate on the down payment. 10% interest rates can be found in Sberbank (Mortgage for a Young Family program), Petrokomerets, Admiralteisky, Globexbank, Metallinvest, etc.
- Requirements for real estate Is another significant criterion. Since the mortgage is taken specifically for the purchase of real estate, it is extremely important to choose the lender who will issue a loan for the purchase of an apartment. That is, you need to choose exactly the bank that, without unnecessary problems, will accept the property that the borrower has chosen as collateral.
In the description of the mortgage lending program, there is always information about what requirements the bank puts forward to real estate. For example, not every lender agrees to give money for construction or secondary housing. In this regard, the European Trust Bank, My Bank, Pushkino, which agree to issue a loan for a mortgage on secondary housing, are better suited.
- Registration speed... It is very important for someone to get a loan as soon as possible. However, you will have to upset the borrower, who wants to do everything quickly, since almost all banks have the same requirements for the package of documents and the processing time for an application from a client, which usually takes about 30 days. And if the potential lender is also the owner of the business, then this is an additional few days.
Of course, lenders can fulfill any whim for your money. For example, to significantly speed up the process, but at the same time the requirements for the minimum down payment will increase to 50%, and the loan rate will double. The most advantageous offer for quick registration mortgages and VTB 24.
- Interest rate Is one of the most important parameters. The interest rate on the loan determines exactly how much you have to pay each month, and how much more you will overpay in the end. Immediately, we note: its "fooled" on advertising that promises a low interest rate of 7.65% - 8.9%.
As a rule, such a rate is given only for the first year of the loan, and for the second and subsequent years it rises sharply. Therefore, read the contract carefully, and it is better to choose a bank with an average interest rate: from 9% to 12% per annum. A budget option mortgages at VTB-24, Sberbank, ITB, Rosenergo.
- Special programs... Sometimes there are cases when some financial institutions offer certain categories of citizens special preferential lending terms. Most often, these are government programs and subsidies, such as "Maternity capital for mortgages", "Mortgage for a young family", etc. Such persons can take out a loan for a mortgage, having received a number of benefits.
For example, Sberbank offers a reduced down payment for a young family. Finding similar preferential programs at other banks you can save a lot. Thus, a number of credit organizations, such as Pushkino, Admiralteisky, ITB, offer happy parents of their second and subsequent children to use maternity capital to obtain a mortgage. Customers who wages get in the bank in which they want to get a mortgage.
- Loan amount and term... Although the loan amount is not the main priority when choosing a lender, this parameter will affect the decision of the borrower if the amount of his savings is very limited. The loan term is, of course, very important, since the longer the term, the easier it is to repay the loan, because with a long term the size monthly payments noticeably lower than with a short one.
The longest lending terms are offered by the following banks: ITB, Sberbank, Eurotrust, Moy Bank, Rosenergo, RIB, AHML - 30 years, VTB-24, Uralsib, Admiralteyskiy - 20 years. It should be borne in mind that a longer loan period increases the amount of the final overpayment.
Many people, who do not have enough funds to purchase an apartment or a private house for cash, turn to help banking institutions for taking out a loan for the purchase of real estate.
The most profitable mortgage in banks in Moscow
Consider the popular offers of Moscow banks for mortgages this year.
- Leading Russian bank Sberbank offers low mortgage rates. Finished housing in this credit institution you will be offered with a rate of 10.75% per annum. The bank offers such a low percentage on the condition that you are a young family, and you have three or more minor children dependent on you. In this case, the loan is given for a period of 10 years, and the initial payment will be more than 50%. If you have less than three children, the rate will start at 11.5% per year.
- Rosselkhozbank has the lowest mortgage rate in Moscow under the Mortgage with State Support program. This is 10.9% per annum for Russian citizens from 21 to 64 years old who have documented their income. If the borrower refuses insurance, the bank will increase the rate by 7%. Loan term - up to 30 years, advance amount - 20% of the loan value. These loans are issued for secondary market housing or for Living spaces in buildings under construction.
- Promsvyazbank makes an offer with the lowest mortgage interest in Moscow, which will be 12%. A person must be 21 years old at the time of taking out a loan. The loan is provided for at least 3 years.
- An advantageous mortgage in 2019 in the city of Moscow is offered by Svyaz-Bank with a rate of 12.25%. In this case, the advance payment should be equal to 50-90% of the price of the apartment, the term of the loan is 3-10 years. The borrowed person must have a salary card from this bank.
- MTS Bank gives loans in Moscow for housing on the secondary market to applicants who are somehow related to this financial institution (have cards for payments or are employees of AFK Sistema). Advance payment - 50-85%, 3-10 years of the loan. Payments are calculated in equal monthly installments.
- Gazprombank sets the percentage of the annual rate, according to the amount of the first payment. 11.5% - if there is salary card of the specified bank, the first installment is more than 50%. Secondary real estate is borrowed from state-owned Moscow enterprises.