Construction Savings Loan. The system of housing construction savings works in a truncated version
System building savings- This:
the possibility of providing housing in any city;
obtaining a loan regardless of the need for improvement living conditions;
solving your housing problem by accumulating part of your own savings and obtaining a loan for the construction or purchase of housing on more favorable terms.
With the help of the construction savings system of Belarusbank, you can purchase or build an apartment (individual residential building) regardless of the place of opening a deposit account, solve housing problems not only for yourself, but also for your relatives and friends.
The building savings system consists of two periods:
the period of accumulation of own savings by opening a term deposit "Housing-accumulative";
credit period.
First period. The period of accumulation of own savings by opening a term deposit "Housing savings".
You can make a term deposit "Housing-accumulative" in any branch of Belarusbank.
By joining the building savings system, you choose the most convenient plan savings and independently determine the period of accumulation and the amount of investment of funds in the construction or purchase of housing. The term of accumulation of funds is 3, 5 or 7 years.
When depositing the amount of your own funds to the term deposit "Housing-accumulative" ahead of schedule, you also have the opportunity to receive a loan ahead of schedule.
Income on the term deposit "Housing-accumulative" is accrued in the amount of the refinancing rate of the National Bank of the Republic of Belarus and is added to the deposit on a monthly basis.
Second period. Loan period.
Lending to a system participant is carried out 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;
Accumulating funds for term deposit"Housing savings", you can transfer the deposit 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 registration of another person, taking into account his solvency;
Having accumulated funds in the amount of 25% of the cost of housing, you have the opportunity to receive a loan for the missing amount to pay for the construction or purchase of housing in the amount of up to 75% of the cost living quarters;
The term for using 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 using a loan 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 rates on loans for common grounds;
Payment of interest for using the 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;
When changing the refinancing rate of the National Bank of the Republic of Belarus, the interest rate for using a loan is changed both for newly concluded and for previously concluded loan agreements.
Additional Information:
"Green number" 8 801 100 4444; 8 801 100 5454
The housing problem is one of the most acute worthwhile questions from Muscovites who are looking for 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 for the construction of a house, the following requirements are put forward by the bank to the client:
- Age from 21 to 65 years;
- Stable work;
- Income. Not only the income of the client, but also his family is taken into account;
- The amount for the initial deposit.
- Guarantors are needed if the amount of income of the client himself does not satisfy the bank.
Banks of the city of Moscow, provide the following types of programs mortgage loans 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 conditions in several banks and choose the most profitable option for yourself.
Applying online for a loan in Moscow is simple, just a few steps are enough:
- Go to the bank's website.
- Fill out an application.
- Send it to the bank.
- Get an answer.
- Collect required documents and go to the bank.
How to get a mortgage for building a house for Muscovites?
You need to submit a number of documents to the bank:
- Passport.
- For males - a military ID.
- SNILS.
- Documents about education.
- Marriage certificate, birth documents of children.
- Work book from work
- Income statements.
The bank, when 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.
There are more chances to get a mortgage in Moscow for the construction of a house for those clients who build from more durable materials.
Which banks in Moscow give mortgages for housing construction to Muscovites?
Among the leaders:
- Sberbank;
- Bank of Moscow;
- Rosselkhozbank;
- Moscow credit bank;
- RosEvroBank and others.
Taking a mortgage for housing construction, the client promptly resolves housing issues. Preferential mortgage agreements that are beneficial to the client economically - a reliable investment.
Construction Savings is a system for accumulating funds and lending for housing construction.
Lending methods through construction savings are used in different countries. In Belarus, services in the field of construction savings are offered by JSC ASB Belarusbank.
How does Building Savings work?
The essence of the system is quite simple:
First, the client, i.e. a person who wants to build a house puts money into a savings bank account. The annual interest on such a deposit is low, the withdrawal is limited, as well as most other operations.
The term for placing funds in the bank is agreed in advance. Replenishment of the savings account takes place in accordance with the terms of the agreement, sometimes during the entire period of the deposit, sometimes this stage ends earlier and a period begins in which the only movement of funds on the account is the accumulation of interest.
After the end of the savings stage, the client gets the opportunity to pay for the purchase of housing with the accumulated funds. This period is called the payment stage.
Then when own funds the depositor is fully transferred to the housing provider, the client has the opportunity to get a bank loan and continue construction at the expense of borrowed funds.
The credit period depends on the terms of the agreement between the client and the bank. Other terms of the loan are also dictated by this agreement and do not fundamentally differ from other loans. But the annual interest is expected to be lower than for other housing loans.
The benefits of building savings are mutual for the borrower and lender.
The credit institution has the opportunity to use the client's money on favorable terms before 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: the terms of payment, the amount of payments. The interest rate on the loan is lower than on other similar products, but this is offset by the benefit already received from the deposit and the supposedly greater reliability of the borrower.
The borrower also benefits from a stable relationship with the bank. Comparatively less benefit from the placement of the deposit appears to him as a fee for profitable terms future loan and the very confidence in its receipt.
Construction savings in Belarus
In the Republic of Belarus, agreements on the system of construction savings are offered only by JSC ASB "Belarusbank". Statistics on the number of people using the service could not be found. But, judging by the reviews on the Internet, the picture seems to be this:
The system of construction savings has been available since 2006, but has not received mass distribution. The majority continues to build at the expense of concessional lending, or agree to relatively small, short-term loans.
There are clients who managed to use the system, who already live in the purchased housing and are rather satisfied with their decision. Most often they write that the transaction was executed in Minsk, the minimum period of accumulation / saving was chosen, and housing was purchased on the secondary market.
Clarify current credit terms on the system of construction savings on the official website of "Belarusbank" https://belarusbank.by/ru/fizicheskim_licam/vklad_v_sisteme_stroitelnyh_sberezheniy.
Let's take a look at some of the terms of this proposal.
The ratio of own and credit funds should be 1 to 4, i.е. 25% of the cost of housing is financed from the client's contribution, 75% from a bank loan.
The minimum savings term, i.e. the period during which the deposit is in the bank is 19 months. The basic savings period is 36 months. The maximum possible duration of this stage is 127 months.
There are 3 options for a loan plan, with different terms for depositing and saving funds.
During the deposit placement period, the client is charged an annual interest in the amount of the refinancing rate of the National Bank.
After the end of the savings period according to the agreement, the payment period begins, when all the accumulated funds are transferred (to non-cash form) to the home seller's account.
Upon completion of payments credit period relations. The loan repayment term is 20 years.
The interest rate on the loan depends on the refinancing rate. There are two communication options to choose from. 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 conclusion of the housing savings agreement to the month preceding the month of conclusion loan agreement, increased by one percentage point
The system of construction savings of the JSB "Belarusbank" has several more advantages:
- Accumulated and loan funds can be used not only for housing construction, 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 from the usual verification and approval of the bank).
Other terms of agreements can be found on the Belarusbank website and be sure to check with a specialist before concluding 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 eventually cost about 2.75 times more than buying without a loan. The same ratio for a preferential loan will be 1.87 times. That's why soft loans far more in demand.
And before receiving a loan, there is a savings stage. During this time, the amount of the deposit cannot be withdrawn (at least partially) under the threat of a fall in the annual interest from the refinancing rate to the rate on “demand deposits”. The minimum deposit term is 19 months.
But! AT recent history In Belarus, periods of ruble stability have rarely been long. The collapse of the exchange rate at the savings stage is very unpleasant for clients, in the next credit years it promises a proportional relief of the credit burden.
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1. Cash deposit account are accepted in Belarusian rubles. An initial fee to a deposit account is carried out (in cash or in a non-cash manner) 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 have the right to replenish the deposit account until the end of the contractual replenishment period corresponding to the chosen accumulation plan.
4. Interest on the deposit account shall be paid for the period from the date of conclusion of the housing savings agreement 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 of the interest due on the deposit in the following cases:
Making any deposit expense transaction before the occurrence of the circumstance (event) of the target return of the deposit or the debit transaction that is not the target debit transaction after the occurrence of the circumstance (event) of the target return of the deposit;
Non-occurrence or disappearance of the possibility of occurrence of the circumstance (event) of the targeted return of the deposit.
Further storage of the deposit (part of the deposit), if the deposit is not claimed, is carried out with a reduced interest rate.
6. Capitalization of accrued interest on a deposit account is carried out:
Monthly before the first debit transaction - subject to the conditions for making transactions on the deposit;
On the day of the first debit transaction;
At the end of each calendar year:
from the date of recalculation at the rate of demand deposits in Belarusian rubles;
from the date of expiration of the last contractual term of the savings stage, increased by 1 year;
from the date of the 1st debit transaction on the deposit (including the target one).
On the closing date of the deposit.
7. From the date of the first debit transaction on the deposit account, the income on the deposit is accrued in the amount of the interest rate in force in the bank on the demand deposit in Belarusian rubles for individuals, taking into account the change in its size for the actual period of storage of the deposit (balance of the deposit). Interest on the deposit is capitalized at the end of each calendar year.
From the date of expiration of the contractual replenishment period, or the day of the first debit transaction in the period up to the expiration date of the contractual replenishment period credit operations are not carried out on a deposit account (except for the capitalization of accrued interest).
8. The expiration date (term expiration day) shall be taken as the date which, by the name of its day of the month, is the same as the name of the day of the month on 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 month.
Oh, and a long review! I hope it will be useful. Get comfortable, because you can't stop me)
Acquiring your own housing is the dream of 70% of the population, especially when you wander around rented apartments (and not just one). For the first time I heard about the “Construction Savings System” (CSS) about three years ago, when a consultant from “Belarusbank” (and for me she was a familiar aunt Katya, I worked nearby) shared with me how she built her daughter’s apartment. I read on the site, talked to her again and refused this option, because renting an apartment and saving money at the same time seemed like a crazy idea.
The building savings system is a solution to your housing problem, provided that you accumulate part of your own savings and receive a loan for housing construction on favorable terms.
And then ... One of my friends and her husband bought an apartment, and two years ago my grandmother gave an apartment to another friend of mine (the principal amount was from her, her friend also contributed her investments) and my mother took care of providing me with an apartment: "All 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 in all banks, sadly assessed my chances, studied again and again got upset. And at the same time studied the prices. And suddenly ... my mother talked to her brother and asked him to help - to give money on the condition that I would not apply for my parent's apartment. The amount of cash was $ 4000, began to think what to do. And then I saw information about CCC again, I was the first to read negative reviews on airek, and then I came across a big discussion on one of the sites where users shared knowledge and chewed on each other the features of this contribution (and initially it is necessary to make a contribution). There were many pages, I read at night after work. And dreamed. At the same time, I went to the bank and consulted, asked questions and clarified points that I did not understand. I went to the bank 2 times before the stage of concluding a deposit agreement, branches and branches were different, as were consultants). Of course, it was easier for me, because. I had an amount for a contribution of 25% and the possibility of a loan in 19 months.
The building savings system consists of two stages:
- accumulation of one's own savings by opening a "housing savings" deposit;
- credit period.
Those. you can conclude a contract 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 qualify for lending. Or you can replenish your contribution in installments for 36 months and eventually accumulate the same 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 date of expiration of the contractual term of the savings stage.
I soberly assessed the risks, I understood how fragile the exchange rate in our country was and that we could lose money due to inflation. But I told you that my mother and I burned the apartment together? What odnoshechki-little ones we considered, in what areas they were! The thought warmed: tiddly, far away, but its own! Moreover, I rented an apartment in the middle of nowhere. 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 doesn’t take risks ... The first stage was the exchange of currency for native squirrels, I changed money with my parents in the city (it was not so scary with my brother), thanks to the reviews, I already understood that the “bags of money” from the negative review - this is not an exaggeration. The exchange rate of $ was at that time about 1.93 rubles upon delivery. I exchanged the entire amount in bills of 5 rubles. - 2 000 banknotes!!! Rounded up to 10,000 Belarusian rubles. I can responsibly declare: this is a big bag of money. I had already thought in advance how to deal with this amount, because I had to open a deposit in Gomel, and it was scary and hard to travel with this backpack: I opened an account and deposited money there. Without any problems, I transferred the amount to the deposit account on 02/08/2017 and away we go...
Joined the group housing issues, where they discussed new buildings, housing prices and ways to buy. And tirelessly looked at apartments in advertisements ... and came to the conclusion that it was possible to aim for a kopeck piece, even if it was inferior, small ... I fell in love with apartments and “parted” with them, wept from impotence and fear for tomorrow. And I followed the changes in the legislation, in the CCC, studied legal acts in detail. Needless to say, the discussion of buying a home has become a favorite topic? I saved the forum where you could complain and feel support, as well as my mother. 19 months have not passed - flew by. I was ready for this event, because I periodically came and took statements about changes in the amount of the deposit, and also clarified the questions that arose along the way. Unfortunately, I can tell a couple of stories about the incompetence of employees, but I was still lucky to receive professional advice both during the funded stage and the loan stage. The deadline for obtaining a loan was 09/08/2018, but we began to look at apartments since August. And jumped the course. It would seem that it grew from 2 rubles to 2.05, then 2.20, but large sums it was a disaster... I didn't like the apartments: either the price was not the same, or the size was like that of a doll's house, or the viper was real. Nevertheless, I visited the mortgage department for a consultation. The first time they turned me around with the wording “the contribution will end, you will come,” so I was wary. And I was lucky: Irina Alekseevna Baidun became my consultant and escort. She explained everything in detail. And I found out that the queue for applying for a loan was already 2 weeks (!) And I signed up “just in case”. And she continued to search. It could be a separate big review for a loved one and several months of a nervous tick.
Important! All 19 (and I ended up with 20 months) my money on the deposit worked: they accrued% in 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). As a result, I even turned out to be in the black.
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 for operations providing 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 outside the review (and I basically came to sign and pick up the documents). In the branch where I made a deposit, I took an extract, where the amount of savings was indicated and possible loan, and also found out the SMR coefficient. By the way, it can work both in + and in - credit. That is why the borrower can either use it or not. My CMP was 1.21, which gave me about 5,000 Belarusian rubles + to the loan!
System of indices (coefficients) of recalculation (changes) estimated cost construction is the most important pricing tool in construction in modern conditions. Indices are used to determine the cost of construction in 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 a certificate of income in advance, because. handed it to me from another city. The bank advised me 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, in the course of obtaining the certificates I went to the bank to check them. I was very afraid before the day of submitting documents (preliminary contract, salary certificates, copies of passports) of some obstacles, but everything went well, I declared 2 guarantors (it was difficult for one of them to come later), left the 3rd “in reserve”. The documents were submitted on Friday, and on Tuesday evening I heard “yes”. I signed an agreement with a notary, registered it with the BTI, took it to the bank for verification. And again my Irina Alekseevna helped: I brought the documents at 16-17, and in the morning I arrived with guarantors to sign the contract. I transferred my part of the money from the deposit to the seller's account, took the payment to the mortgage department, managed to transfer part of the bank's money on the same day to the seller. I ordered the currency in my bank branch, fortunately, Elena Vladimirovna Voitekhovich ( branch manager bank, she also advised me on the deposit for the entire period) coordinated the work of the employee in transferring money from the deposit and ordered the currency without any problems at “after-hours” (applications were left until 10.30, and I was at 12).
The total amount of the loan amounted to 39,427 rubles. Due to the jump in the rate, I had to deposit my own funds, which were not provided for by the deposit, because. the bank could not issue a loan for more than 75% of the value of the apartment. Preliminary agreement was concluded at a rate of 2.10 rubles, and the transaction itself - 2.17 rubles. Yes, the contract specifies the cost in Belarusian rubles, but there is a line "which is equivalent to ... thousand dollars at the exchange rate." The seller does not care about the exchange rate and everything else, he wants to receive his amount in hard currency.
For 1.5 months now I have been living in my big apartment, ahead of repairs and 20 years of loan repayments. By the way, for the first 18 months I pay only% - 195.07 rubles, from May 2020 the main debt of 178.40 will be added.
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 did 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 at the moment CMP is 10, then I chose CMP + 1, because my weighted average is 13.