How to reduce the interest on mortgages in Sberbank? The main ways to reduce the interest

Many citizens of our state are able to buy their own homes solely for mortgages. But such money loans are issued for too long periods, which can reach thirty years. During this period, many factors can change, from the financial well-being of the client to the bank and ending with the economic situation in the country. In this regard, the question of how to reduce the interest on mortgages in the Savings Bank is quite relevant for many residents of the country. After all, most people use the services of this particular financial institution. The fall in property prices in recent years is significant, which affected the interest on the mortgage.

Interest Policy

At the moment in the bank, any employee can confirm that now the minimum mortgage loan rate is 8.9 percent. This is a very low rate that attracts customers. But the fact is that not every product of the bank has such attractive conditions.

Promotions for new buildings

The bank offers a mortgage purchase of housing in the primary market. At the moment, the financial institution offers loans for housing of this type at 10.9 percent per annum. But this is still a test mode of the program, because of what the conditions for granting a loan are constantly changing. But, if you approach the question correctly, you can learn how to reduce the interest on mortgages in the Savings Bank to 8.9 percent. The first thing you need to do to a client is to register in the Sberbank e-Center. This will give a discount of 0.5 percent. The second step will be to find a developer who works with the bank, and this will allow you to minimize the mortgage rate at his expense. There is another way, to take part in the salary project. Means, the registration of a salary card in the bank, it will give an opportunity to receive a discount of 0.3 percent. And, accordingly, this is one of the options how to reduce the interest on mortgages in the Savings Bank.

Secondary market

If the client decided to buy a mortgage in the secondary housing through this bank, then the interest rate is 11.5 percent per annum. If you participate in a salary project, you can reduce it by 0.25 percent. Also in the case of secondary housing, you can lower the rate to 10.75 percent if the loan is taken by a young family, that is, the age of the couple is below 35 years. But you can get a discount only if you have children in your family. This is one of the options for how to reduce the interest on mortgages in the Savings Bank at the birth of a child.

Property outside the city

Another proposal of the bank for obtaining a mortgage is to buy ready-made buildings or unfinished construction projects and their completion outside the city limits. In this case, the minimum conditions to which the bank agrees are 11.75 percent per annum. But if necessary, the client will be able to find methods to reduce the rate in the future.

Military Mortgages

Sberbank works closely with military organizations, so employees can get any housing in a mortgage at a minimum interest rate of 11.75%. Many are interested in how to reduce the interest on mortgages in the Savings Bank, if I'm a budget employee. Each transaction is individual, but having carefully studied all the shares and discounts, anyone will be able to choose the conditions for a beneficial reduction in the interest payments on the mortgage.

Construction and personal capital

If the client plans to build a house in a mortgage from scratch or use personal funds as a pledge, he has the opportunity to issue rates of 12.25 and 12.5 percent per annum, respectively. It is worth noting that personal capital can be used in any banking mortgage program.

Important conditions for borrowers

If the client decided to get a mortgage, he must be 21 years old at the time of receipt, and he must repay the loan before his 75 years. In cases where there is no confirmed fact of employment, and the client does not provide a sample of income statement, the final age of repayment of the loan can not exceed 65 years. The only exception is the mortgage for the military, here the age limit is 45 years at the time of repayment.

The minimum amount of a mortgage loan is three hundred thousand rubles. The maximum payment period is 30 years. Over the past five years, the client must have a minimum year of official work experience and work on the last place where he got a job for at least six months. If there is no marriage contract between the spouses, the second member of the family must necessarily act as a co-borrower. It should be noted that co-borrowers should not be more than three.

Also, the client must inform the bank of the place of permanent registration, as well as the housing acquired in the mortgage must be in the limit of conducting the separation of the Savings Bank. 20 percent of the value of real estate - this is the minimum contribution for a mortgage loan.

All these conditions do not concern only the military. Their place of residence is not important, the main thing is that they are citizens of the Russian Federation and participate in a funded mortgage system.

External factors affecting the bet

It is important for each financial institution to have a socially significant status. Therefore, introducing a new rate cut, he presents this as an undeniable benefit to his customers. It is important to remember that the main objective of the activities of banks and other commercial organizations is to make a profit. In this regard, the reduction in rates is mainly due to domestic banking policy and the current economic situation in the country.

The Central Bank of the Russian Federation affects all rates on loans. And if the customer is interested in the question, whether Sberbank reduced interest on mortgages, first of all you need to look at the news from the Central Bank. It is the fluctuation in the value of different currencies and the economic situation in the country that affects the values of key interest rates on loans. Including the impact and the level of inflation.

Thanks to state support, there is subsidization from the country's budget, which affects the reduction of rates. They are stable as long as the state program is implemented. Naturally, these events directly depend on the economic situation and the revenues that the construction industry receives. This gives an answer to the question whether it is possible to reduce the interest on a mortgage. Sberbank this year reduced its interest by 1.35%, which significantly reduced payments to consumers.

Decrease in interest on the already existing mortgage

The first thing to know, the more was the amount of the first payment for a mortgage, the less it will then need to overpay. The desire to reduce interest can arise for various reasons. And there are three effective ways to reduce the interest on mortgages in the Savings Bank. What law allows this to be done is a federal law passed in 2015. But these methods are not as profitable as it might seem at first glance.

Restructuring

This procedure requires changing the terms of the contract concluded immediately. It can be applied in cases where the client has changed his financial position. And we are talking about both its deterioration and its improvement.

If the client's income has decreased, the bank goes to meet, reducing the burden of payments. In some cases, the bank extends the repayment period by several years, which allows reducing the permanent payments. There is also an opportunity to receive a deferral for the payment of principal, while interest payments will continue. Also, the bank breaks the debt into principal and interest, but in this situation the client pays the principal amount monthly, but the interest is quarterly. You can get a loan vacation, that is, for some time the client is freed from regular payments. And the last way, if you take a mortgage in the Savings Bank, how to reduce the interest, it's to draw up an individual schedule.

Naturally, the less time you need to repay a debt, the lower will be the overpayment on a loan. In this regard, almost all borrowers are trying to reduce it. To do this, you can proceed as follows:

• If the client has the financial means, he can partially repay the principal in advance. Naturally, the bank will offer first of all to reduce the amount of monthly payments, but it is better to invest money in reducing the repayment period. This is one of the options, how to reduce the interest on mortgages in the Savings Bank. That is, the client's expenses are minimized, and he will quickly close the mortgage.
• Reduce the loan period by increasing the monthly payment. To do this, you need to provide the bank with all the necessary documentation, confirming the changes in the financial position of the client.

Restructuring is one of the most effective ways to reduce the mortgage interest in Sberbank at birth.

Refinancing

But this method is not always so convenient and convenient. Almost all banks now offer it to their customers, promising lower rates. But there are certain moments that will not please the customer:

• It is necessary to prepare all the documents again, including the re-evaluation of real estate, pay state fees, arrange insurance and the like. And if it is necessary for a slight reduction in the rate, then it is likely that the client will spend more than he can get.
• If a moratorium on such actions was registered in the contract, then it will not be possible to reduce the rate before its end.
• Return the payment of insurance for the mortgage will not work, because this is a mandatory procedure.
• If the client at least once broke payments, then any claims to the court on the bank will not be satisfied.

Having considered all the options how to reduce the interest on mortgages in the Savings Bank, we can conclude that it can be done, but not always profitable. In some situations, reducing rates will lead to a decrease in debt, while in other cases it will be insignificant, but the cost of its registration will hit hard on the client's wallet. Experts recommend that you first become acquainted with the bank's proposals in detail, because any financial institution represents any product as profitable, but it does not mean anything. Only carefully evaluating all, you can save.