How to pay for a loan less than the neighbors? Sberbank: mortgage terms

You can become the owner of your own family nest, using not only your own savings, but also the borrowed funds that Sberbank offers. Mortgage conditions allow not only to buy a living space, but also to acquire a country residence or a summer residence, a garage or a parking place for your vehicle, a land plot for IZhS, or even build a house on your own.

At the same time, you can use several ways to reduce costs for obtaining a soft loan, including the funds of the parent capital, participation in the funded mortgage system for the military, and discounts for young families.

How much time will you have for repayment?

The terms of granting mortgages in the Savings Bank for today are a very tasty morsel for those wishing to live in their own house or in their apartment. After all, you can move immediately after the registration of the transaction, and pay for housing - for 30 years. The only exception is a loan for new buildings, more precisely, for a share in the construction of a house that has not yet been commissioned - it will not be possible to move immediately, and it takes only 12 years to repay such a loan.

How much money can I take?

The maximum amount of borrowing is not set by Sberbank. The mortgage conditions limit only the ratio of the loan value to the value of the property being acquired. Here you can not take more than 85-90% of the amount of independent evaluation of the property, regardless of the price that the seller himself asked.

It is also important that Sberbank requires a part of its own funds to be paid into the purchase:

• From 10% of its cost in financing the purchase of finished housing in the secondary market and in a new building, as well as in the construction of a private house or the purchase of a garage;
• From 15% - with the acquisition of a suburban real estate loan;
• 0% - when refinancing existing mortgage loans taken from other banks. If this loan is issued by Sberbank, the mortgage terms will be much more profitable.

Here the principle works - the more your own funds are entered into the transaction, the lower the rate and the more favorable the loan parameters.

How much is a mortgage in Sberbank?

Sberbank, whose mortgage terms favorably stand out against the backdrop of the remaining proposals of the lending market, offers not only a lot of money for a long time, but also guarantees a small overpayment for the loan. The rate for different programs and for different clients varies:

• Under 10.5% per annum young families and servicemen can get money;
• At 12% per annum issue all major mortgage loans;
• At 12.25% per year, it is possible to refinance loans of other banks;
• Under 12,5% annually it is possible to build a private house.

You have a choice of different mortgage - the conditions for obtaining Sberbank sets depending on many factors. It is on your ability to pay and the ability to pay off quickly on the requested obligations, as well as the degree of "dating" with the bank, how much less you will have to pay for using borrowed funds.

You will need to work hard to prove to the bank your reliability and conscientiousness, collecting the necessary information, but then the load on your budget will be optimal and you can pay off easily and easily at the mortgage.