Loan under the system of building savings. The system of housing construction savings works in a truncated version
The system of building savings is:
the possibility of providing housing in any city;
obtaining a loan regardless of the need for improvement housing conditions;
your decision housing problems by accumulating part of their own savings and obtaining a loan for the construction or purchase of housing on more favorable terms.
With the help of the building savings system of Belarusbank JSB, you can purchase or build an apartment (individual residential building) regardless of the place of opening a deposit account, solve housing problems not only yours, but also your near and dear ones.
The building savings system consists of two periods:
the period of accumulation of own savings by opening the term deposit "Housing and savings";
crediting period.
First period. The period of accumulation of own savings by opening the term deposit "Housing and savings".
You can apply for the “Housing and Savings” fixed-term deposit at any branch of Belarusbank JSB.
Entering the system of building savings, you choose the most convenient plan accumulation and independently determine the accumulation period and the amount of money invested in the construction or purchase of housing. The period of accumulation of funds is 3, 5 or 7 years.
When you make ahead of schedule the amount of your own funds for the “Housing and Savings” fixed-term deposit, you also have the opportunity to receive a loan ahead of schedule.
The “Housing and Savings” fixed-term deposit income is accrued in the amount of the refinancing rate of the National Bank of the Republic of Belarus and is monthly added to the deposit.
Second period. Crediting period.
The system participant is credited after the end of the first period.
The bank gives you the opportunity to conclude a loan agreement to pay for the construction or purchase of housing;
Having accumulated cash on urgent contribution “Housing and savings”, you can transfer the contribution and your right to receive a loan to another person (parents - to children, nephews, grandchildren and others), and the loan can be issued at the place of residence of another person, taking into account its solvency;
Having accumulated funds in the amount of 25% of the cost of housing, you have the opportunity to get a loan for the missing amount to pay for construction or purchase of housing in the amount of up to 75% of the cost living quarters;
The term of use of the loan (up to 20 years) and the procedure for paying interest are determined similarly to the term and procedure for paying interest established for soft loans for housing construction;
The size interest rate for the use of credit corresponds to the level of the refinancing rate of the National Bank of the Republic of Belarus + 1 percentage point, which is 2-5 points lower than the interest rates on loans on a common basis;
Payment of interest for using a loan is made in equal installments and does not depend on the need to improve housing conditions, which will allow you to plan expenses family budget for a long period of time;
With a change in the refinancing rate of the National Bank of the Republic of Belarus, the interest rate on the use of credit changes both under newly concluded and under previously concluded loan agreements.
Additional Information:
Green number 8 801 100 4444; 8 801 100 5454
Housing issue - one of the most pressing issues for Muscovites who are in search of money to purchase real estate.
A mortgage for housing construction in Moscow makes it possible to obtain real estate in a fairly short period of time.
To receive mortgage loan The following requirements are put forward by the bank for the construction of a house:
- Age from 21 years to 65 years;
- Stable work;
- Income. It takes into account not only the earnings of the client, but also his family;
- Amount for down payment.
- Guarantors are needed if the size of the client’s income does not satisfy the bank.
Banks in Moscow provide the following types of mortgage loan programs in 2019:
- standard;
- social;
- "Young family";
- for military personnel.
The client is given the opportunity to independently calculate on a virtual calculator monthly payment, compare the conditions in several banks and choose for yourself a more profitable option.
Applying online for a loan in Moscow is simple, just a few steps:
- Go to the bank website.
- Fill out an application.
- Send her to the bank.
- Get an answer.
- To collect necessary documents and go to the bank.
How to get a mortgage to build a house for Muscovites?
It is necessary to submit a number of documents to the bank:
- The passport.
- For males - a military ID.
- SNILS.
- Education Documents.
- Marriage certificate, birth certificates of children.
- Work book from work
- Income statements.
The bank, issuing a mortgage for the construction of a private house, takes into account what material the client is building the house from (concrete, brick or wood), as well as what characteristics of the foundation.
Chances are more to get a mortgage in Moscow for the construction of a house from those customers who are building, from more durable materials.
What banks in Moscow give a mortgage for housing for Muscovites?
Among the leaders:
- Sberbank
- Bank of Moscow;
- Russian Agricultural Bank;
- Moscow credit bank;
- RosEvroBank and others
By taking a mortgage for housing construction, the client quickly resolves housing issues. Preferential mortgage agreementsthat are beneficial to the client economically - a safe investment.
Construction savings is a system of accumulation of funds and loans for housing construction.
Loans through construction savings are used in different countries. In Belarus, services in the field of construction savings are offered by JSC Belarusbank.
How do Construction Savings work?
The essence of the system is quite simple:
Initially, the client, i.e. a person who wants to build a home puts money in a savings account at a bank. The annual percentage on such a contribution is small, withdrawals are limited, as well as most other operations.
The term for placing funds in the bank is agreed in advance. The deposit account is replenished according to the terms of the agreement, sometimes during the entire period of deposit placement, sometimes this stage is completed earlier and there comes a period in which the only movement of funds in the account becomes the accumulation of interest.
After the end of the savings phase, the client gets the opportunity to pay for the purchase of housing with accumulated funds. This period is called the billing phase.
Then when own funds the depositor has been completely transferred to the housing provider, the client has the opportunity to get a loan from the bank and continue construction at the expense of borrowed funds.
The credit period depends on the terms of the contract between the client and the bank. Other loan conditions are also dictated by this agreement and do not fundamentally differ from other loans. But annual interest is assumed to be lower than for other housing loans.
The benefits of building savings are mutual for the borrower and the lender.
A credit institution has the opportunity to use the client’s money on favorable terms prior to the start of construction. In addition to this, during the entire period of accumulation (savings) of funds, the bank indirectly monitors the state of affairs of the client: terms of deposit, amount of payments. The interest rate on the loan is lower than for other similar products, but this is offset by the benefits already received from the deposit and the supposedly greater reliability of the borrower.
The loan recipient also benefits from a stable relationship with the bank. A comparatively lesser benefit from placing a deposit seems to him a payment for the favorable conditions of a future loan and the very confidence in its receipt.
Building Savings in Belarus
In the Republic of Belarus, agreements on a system of building savings are offered only by JSB Belarusbank. Statistics regarding the number of users of the service could not be found. But judging by the reviews on the Internet, the picture seems like this:
The system of building savings has been available since 2006, but has not received wide distribution. The majority continues to be built at the expense of soft loans, or agrees to relatively small, short-term loans.
There are clients who have managed to use the system, already living in the purchased housing and are more likely satisfied with their decision. Most often they write that the transaction was executed in Minsk, the minimum term of accumulation / savings was chosen, and housing was purchased on the secondary market.
Clarify existing credit conditions on the system of building savings can be on the official website of Belarusbank https://belarusbank.by/ru/fizicheskim_licam/vklad_v_sisteme_stroitelnyh_sberezheniy.
Consider some of the defining conditions of this proposal.
The ratio of own and credit funds should be 1 to 4, i.e. 25% of the cost of housing is financed from the client’s contribution, 75% from a bank loan.
Minimum savings period, i.e. the period during which the deposit is in the bank for 19 months. The base savings period is 36 months. The maximum possible duration of this stage is 127 months.
There are 3 options for a loan plan, with a different term for depositing and saving funds.
During the period of deposit placement, the client is accrued annual interest in the amount of the refinancing rate of the National Bank.
After the expiration of the savings period according to the agreement, the payment period begins when all accumulated funds are transferred (in non-cash form) to the seller’s account.
At the end of payments comes credit period relationship. Loan repayment period - 20 years.
The interest rate on the loan depends on the refinancing rate. Two communication options are offered for the client’s choice. annual interest and rates:
- National Bank of the Republic of Belarus + 1%
- The weighted average refinancing rate of the National Bank of the Republic of Belarus for the period from the month of the conclusion of the housing savings agreement to the month preceding the month of conclusion loan agreementincreased by one percentage point
The Belarusbank construction savings system has several other advantages:
- Accumulated and loan funds can be used not only for housing, but also for the purchase of housing, including in the secondary market.
- Having accumulated funds, you can transfer your right to receive a loan to other persons (however, this does not relieve the borrower of the usual verification and approval of the bank).
Other terms of the agreements can be found on the Belarusbank website and be sure to check with a specialist before entering into an agreement.
Is the system of building savings in Belarus profitable? Let it be a personal choice.
If the current refinancing rate were stable, then buying an apartment according to the described scheme would ultimately cost about 2.75 times more expensive than buying without a loan. The same ratio of soft loans will be 1.87 times. because soft loans while much more in demand.
And also a savings stage is preceded by obtaining a loan. During this time, the deposit amount cannot be withdrawn (at least partially) under the threat of a fall in the annual interest rate from the refinancing rate to the rate on “demand deposits”. The minimum deposit term is 19 months.
But! IN recent history Belarus’s periods of ruble stability were rarely long. The collapse of the course at the savings stage is very unpleasant for customers; in the next credit years, this promises proportional relief of the credit burden.
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1. Cash to a deposit account are accepted in belarusian rubles. An initial fee to a deposit account is carried out (in cash or by bank transfer) at the time of concluding a housing savings agreement.
2. A deposit account cannot be opened in the name of another person.
3. The participant and other persons are entitled to replenish the deposit account before the end of the contractual replenishment term corresponding to the selected accumulation plan.
4. Interest on the deposit account is paid for the period from the day the housing savings contract is concluded until the day the deposit account is closed. The interest rate is set in the amount of the refinancing rate of the National Bank of the Republic of Belarus. When calculating interest, the number of days in a year is considered conditionally equal to 360, and in a month - 30.
5. The return of the deposit is carried out with recalculation at a reduced interest rate due to interest on the deposit in the following cases:
Commission by any expense operation before the occurrence of the circumstance (event) of the target return of the deposit or the expenditure transaction that is not the target expenditure operation after the occurrence of the circumstance (event) of the target return of the deposit;
Non-occurrence or loss of the possibility of the occurrence of the circumstances (events) of the target return of the deposit.
Further storage of the deposit (part of the deposit), if the deposit is not claimed, is carried out with the calculation of a reduced interest rate.
6. The capitalization of accrued interest on the deposit account is made:
Monthly until the first expenditure transaction is completed - subject to the conditions of deposit transactions;
On the day of the first expenditure transaction;
At the end of each calendar year:
from the day of recalculation at the deposit rate on demand in Belarusian rubles;
from the date of expiration of the last contractual period of the savings phase, increased by 1 year;
from the date of the first expenditure transaction on deposit (including the target).
On the closing day of the deposit.
7. From the date of the first expenditure transaction on a deposit account, deposit income is accrued in the amount of the interest rate applicable to the bank on demand deposits in Belarusian rubles for individuals, taking into account changes in its size over the actual storage period of the deposit (deposit balance). Interest capitalization on the deposit is made at the end of each calendar year.
From the date of completion of the contractual replenishment period, or the day of the first expenditure transaction in the period until the day of the end of the contractual replenishment period incoming operations on a deposit account are not carried out (except for capitalization of accrued interest).
8. The expiration date (expiration day) shall be the date which, by the name of its day of the month, is the same as the name of the day of the month of the date of conclusion of the housing savings agreement. If the expiration date falls on a month in which there is no corresponding date, then the expiration date is the last day of such a month.
Oh and a long review to come! I hope it will be useful. Sit back, because I can not stop)
To get your own housing is a dream of 70% of the population, especially when you wander around rented apartments (and even not one). For the first time I heard about the “Building Savings System” (CCC) about three years ago, when the consultant of “Belarusbank” (and for me she was a friend of Aunt Katya, worked nearby) shared with me how she built her daughter’s apartment. I read on the site, talked again with her and refused this option, because renting an apartment and saving up at the same time seemed like a crazy idea.
The system of construction savings is a solution to your housing problem, provided that you accumulate part of your own savings and receive a loan for the construction of housing on favorable terms.
And then ... My friend and her husband bought the apartment, and two years ago my grandmother gave the apartment to my friend (the principal was from her, the girlfriend also made her investments) and my mother took care to provide me with an apartment: "All the girls have apartments but my daughter doesn’t! " Honestly, it was her “fire” that set fire to my interest and activity. It was December 2016. I actively studied loans at all banks, sadly assessed my chances, studied again and was upset again. And at the same time I studied prices. And suddenly ... my mother talked with her brother and asked him to help - give money on the condition that I would not apply for a parental apartment. The amount of cash was $ 4000, they began to think what to do. And then I again saw information about CCC, I first read the negative reviews on the airek, and then I came across a big discussion on one of the sites where users shared knowledge and chewed on each other features of this contribution (and initially it is necessary to make a contribution). There were many pages, I read at nights after work. And dreamed. At the same time I went to the bank and consulted, asked questions and clarified incomprehensible moments to me. I went to the bank 2 times before the stage of concluding a deposit agreement, the branches and branches were different, as were the consultants). Of course, it was easier for me, because I had an amount for a contribution of 25% and the possibility of lending after 19 months.
The system of building savings consists of two stages:
- accumulation of own savings by opening a “Housing and Savings” contribution;
- crediting period.
Those. You can conclude an agreement for a period of 36 months, pay in the first month the amount - 25% of the cost of the proposed housing, and after 19 months already apply for a loan. And all 36 months you can replenish your contribution in parts and eventually accumulate the very 25%. By the way, there are three accumulative periods to choose from: 3 years, 5 or 7 years. You can get a loan within one year from the expiration of the contract period of the savings phase.
I soberly assessed the risks, I understood how fragile the course is in our country and that we can lose money due to inflation. But I said that my mother and I burned with an apartment? What little-one little girls we considered, in what areas they were! The thought warmed: tiny, far away, but his own! Especially since I rented an apartment near the devil on pies. Inexpensive odnushki at the beginning of 2017 cost about $ 16-17 thousand, they decided to borrow another $ 1000 and make a contribution. In the end, who does not take risks ... The first step was to exchange currency for my squirrels, I changed money with my parents in the city (it wasn’t so scary with my brother), thanks to the reviews, I already understood that “bags of money” from a negative review - this is not an exaggeration. The $ rate at that time was about 1.93 rubles at the time of delivery. I exchanged the entire amount in bills of 5 p. - 2,000 notes !!! Rounded up to 10 000 bel rub. I can responsibly declare: this is a big backpack of money. I had already decided in advance what to do with this amount, because I had to open a deposit in Gomel, and to go with this backpack was scary and hard: I opened an account and deposited money there. No problem transferred the amount to the deposit account 02/08/2017 and away we go ...
She joined the housing group, where they discussed new buildings, housing prices and methods of purchase. And tirelessly I looked at the apartments in the advertisements ... and came to the conclusion that you can sway at the kopeck piece, albeit inferior, small ... I fell in love with the apartments and “parted” with them, cried from tomorrow's weakness and fear. And she followed the changes in the legislation, in the CCC, studied the legal acts in detail. Needless to say, the discussion of home purchase has become a favorite topic? Saved a forum where you could complain and feel support, as well as mom. 19 months have not passed - flew by. I was ready for this event, as I periodically came and took extracts about changes in the deposit amount, and also clarified issues along the way. Unfortunately, I can tell you a couple of stories about the incompetence of employees, but I was lucky to still get professional advice both during the funded phase and on the credit one. The term for a possible loan was 08.09.2018, but we began to look at apartments from August. And jumped the course. It would seem that from 2 rubles it rose to 2.05, then 2.20, but for large sums it was a disaster ... I did not like the apartments: either the price is not the same, then the size is like a doll's house, then the viper is real. Nevertheless, I visited the mortgage department for a consultation. The first time I was deployed with the wording “the contribution will end, come”, so I was wary. And I was lucky: Irina Alekseevna Baidun became my consultant and escort. She told everything in detail, explained. And I found out that the line for applying for a loan is already 2 weeks (!) And signed up “just in case”. And she continued to search. It could be a separate big review for your favorite and several months of nervous tick.
Important! All 19 (and I ended up with 20 months) my money worked on the deposit: they accrued% on the amount of the refinancing rate. In total, at the time of the transfer of money, my 10,000 turned into 12,179 or from $ 5,181 to $ 5,612 (at the time of the transaction, the rate "jumped" to 2.17 rubles). In the end, I was not bad in the black even.
Refinancing rate - the rate of the National Bank of the Republic of Belarus, which is the basic instrument for regulating the level of interest rates on money market and serving as the basis for setting interest rates on operations to provide liquidity to banks.
I made out the purchase of an apartment with the help of an agency, I will leave the stages with the preparation of documents out of review (and I basically came to sign-pick up the documents). In the department where I made a contribution, I took an extract where the amount of savings was indicated and possible loan, and also found out the coefficient of СМР. By the way, it can work both in + and in - credit. That is why the borrower can both use it and not. My SMR was 1.21, which gave me about 5,000 bel rub + to the loan!
The system of indices (coefficients) of conversion (change) of the estimated cost of construction is the most important tool for pricing in construction in modern conditions. Indexes are used to determine the cost of construction at current (or forecast) prices and for settlements for completed construction and installation work between customers and contractors.
The main purpose of the indices (coefficients) is to take into account the factor of the rise in the cost of construction in relation to the base level.
I ordered an income statement in advance, as they passed it to me from another city. At the bank I was advised by 3 guarantors, but there were only 2. And again I was lucky: the wife of one of the guarantors agreed. The certificates were also ordered by my guarantors, while receiving the certificates I went to the bank to check them. I was very afraid before the day of filing documents (preliminary contract, certificates of salary, copies of passports) of some obstacles, but everything went well, she announced 2 guarantors (it was difficult to come to one of them later), left the 3rd “in reserve”. I filed the documents on Fri, and on Tuesday evening I heard “yes”. I concluded a contract with a notary, registered it with BTI, and took it to the bank for verification. And again my Irina Alekseyevna helped: I brought the documents at 16-17, and in the morning I arrived with the guarantors to sign the contract. I transferred my part of the money from the deposit to the seller’s account — I took the payment to the mortgage department — we managed to transfer part of the bank’s money on the same day to the seller. I ordered the currency at my bank branch, fortunately, Elena Vladimirovna Voitekhovich (the manager of the bank’s branch, she advised me on deposits for the entire period) coordinated the work of the employee on transferring money from the deposit and ordered the currency without problems during the “after-hours” time (applications were submitted until 10.30 , and I was at 12).
Total loan amount amounted to 39 427 rubles. Due to the jump in the rate, I had to deposit my own funds not provided for by the deposit, as the bank could not issue a loan of more than 75% of the cost of the apartment. Preliminary agreement It was concluded at the rate of 2.10 rubles, and the deal itself - 2.17 rubles. Yes, the contract spelled out the cost in Belarusian rubles, but there is a line "which is equivalent to ... thousand dollars at the rate." The seller does not care about the course and everything else, he wants to get his amount in hard currency.
For 1.5 months now I have been living in my large apartment, ahead of the repair and 20 years of loan repayments. By the way, the first 18 months I pay only% - 195.07 rubles, from May 2020 the main debt will be added to 178.40.
A few words about%: when concluding a loan agreement, you can choose 2 options for the interest rate - CP +1% or the weighted average rate (I still do not understand what it is) for the term of the deposit. You can only go from the first option to the second for all 20 years. Because currently CMP 10, then I chose CMP + 1, because my weighted average is 13.