Mortgage in the "Bank of Moscow": terms of registration, deadlines, rates, documents

To date, credit products play a vital role in the lives of almost all citizens. At the same time, the first place is occupied by the mortgage, because thanks to this program, those families who have dreamed about it for a long time can buy their own housing.

The conditions for the purchase of real estate on credit from each bank are individual, as well as requirements for the borrower. Therefore, below we will consider one of the most well-known financial structures, which helps to realize the dream of many couples, namely the "Bank of Moscow". What this financial structure offers and why most people prefer this particular bank. So, what is a mortgage in the Bank of Moscow? Let's consider further.

What are the loan products for the purchase of housing in the Bank of Moscow?

Undoubtedly, the strongest side of this banking institution is the huge choice of a variety of lending programs. Absolutely every client will be able to choose the best option for lending in this financial structure.

The mortgage in the "Bank of Moscow" is:

• The opportunity to purchase any kind of real estate on credit;
• Possibility to issue a mortgage with support of the state program;
• Optimal attractive credit conditions.

If the family plans to buy housing on credit, then the Bank of Moscow is worth a visit and get acquainted with its conditions in detail.

Terms of mortgage registration in the "Bank of Moscow"

How much does a mortgage in the Bank of Moscow cost ? First of all, if we talk about conditions, then practically every person is interested in two questions: the interest rate and the initial payment. To date, the Bank of Moscow offers the following conditions for the registration of a mortgage:

If the family is a participant in the state support program, the interest rate will be 11.75%. If potential borrowers are not participants in this program, then the interest rate will be set at 12% for them. As for the first installment, it must be at least 15% if the parent capital is taken into account. Well, if the family plans to use the classical mortgage terms, they will have to pay 20% of the total. It is worth noting that the "Bank of Moscow" offers mortgage products for a period of 5 to 30 years. That's how convenient is the mortgage in the Bank of Moscow.

Calculator for calculating payments on the site is available. This tool is easy to use and very convenient.

It is also important that the exact amount of the initial contribution will be calculated from the lowest amount. And in this case, the role does not play, market is the cost of housing or contractual.

According to the established rules for obtaining a mortgage, it is necessary to provide not only the contractual cost of housing to the financial structure, but also the estimated cost of the acquired space.

What are the requirements of the bank to a potential borrower?

This financial structure considers an application for obtaining mortgages from citizens only if they are suitable for the following requirements of this financial institution, namely:

• Mortgage in the Bank of Moscow is issued not only to Russian citizens. In other words, a person can be a citizen of another country, and this fact will not serve as an excuse for refusing to obtain a mortgage.
• The minimum age at which you can get a loan is 21 years, and the maximum age is 60 years. The main condition is that at the end of the payment, a person should not be more than 75 years old.
• The organization in which the labor activity is conducted should be located on the territory of the Russian Federation.

"VTB Bank of Moscow" puts forward its demands on the length of service.

• Work experience must be at least 1 month at the current place of work after passing the probation period. As for the total length of service, it must be at least 1 year.
• If a mortgage is issued by a man under the age of 27, he must submit to the financial institution an additional document on service in the army, or a certificate stating that he is not subject to conscription.
• This financial institution offers another great advantage - mortgage registration at the place of actual residence and at the place of work. This is very important if a person is registered in another country.

A package of documents required for mortgage registration

When a person makes the final decision on mortgage registration, he will need to attach the following documents together with the application for registration of the mortgage product.

• Passport of a citizen of the Russian Federation. If a mortgage is issued by a person of foreign origin, a visa and a document proving a legal stay on the territory of the Russian Federation are provided.

• The next document is available to choose from, it can be a copy of the driver's license, military ID or certificate, or the sailor's passport. Persons of foreign origin provide a copy of the driver's license or a document showing that he is a seaman.

• A copy of the work record book with obligatory stamp on each filled page. This seal should belong to the company on which the employee, who applied for mortgage registration, performs his labor activity. But it is possible to mortgage on two documents.

• Certificate of income from work.

Important: if the potential borrower is married, the other half also provides an income statement and a statement that he acts as a guarantor for this loan.

If the borrower provides additional documents, this may increase the chance of obtaining a mortgage.

Additional documents

"VTB Bank of Moscow" considers the following additional documents.

List of additional documents:

• diploma of education;
• A document on the availability of assets, if any;
• Certificate of marriage, if a person is officially in a relationship.

As a rule, in the presence of all the above references, problems with obtaining a mortgage will not arise. But we should also take into account the fact that if a person has had a bad credit history in the past, the chances of obtaining a mortgage will be scanty.

Special program "Simple Mortgage" without a certificate of income

Now let's see what the mortgage means under two documents.

This financial institution offers another profitable program for obtaining mortgages in only two documents. This way of obtaining a loan product is an excellent solution for those people who, according to their activity, do not have free time to collect all the required documents. It is worth noting that the registration for this program provides an initial contribution of 40% of the full cost of purchased housing.

This type of lending was called "A simple mortgage in the Bank of Moscow." We consider the conditions below.

Lending terms

If the client wants to use the "Simple Mortgage" program, he will not be able to use the maternity capital to make a down payment. To redeem the loan taken with a cash grant will not work either.

To get a "simple mortgage" a person must be between 25 and 30 years old. At the end of the loan agreement, a person's age can not exceed 65 years.

When making such a loan, a person provides a financial institution with a passport, a certificate of pension insurance, or any other document that can verify the identity. As a rule, an application from a potential borrower is considered by the bank's specialists within 24 hours.

If a person decided to use this program, the interest on the loan will be higher by 0.5%.

Mortgage in the "Bank of Moscow" for payroll customers

Persons who receive wages on the "Bank of Moscow" card can avail themselves of obtaining a mortgage in this financial structure with great advantages. Salary clients can use credit products from this bank with significantly reduced interest.

Moreover, many developers spend for such clients, together with the bank, shares for which you can initially buy a home with a significant discount.

In order to find out which housing estates from developers make a discount, you should contact one of the branches of this financial structure for detailed information.

That's what a mortgage means in the Bank of Moscow.

Reviews

To date, numerous reviews of this financial institution only say that this bank does provide the most favorable loan conditions. In general, the chance to get a positive decision on a loan application is quite high.

The main advantage of this institution is the opportunity to acquire the home of your dreams to every person, regardless of his citizenship. Moreover, young families can also take advantage of beneficial offers from this institution.

But in this case there are some disadvantages for this institution. First of all, this does not always apply to competent employees of the bank. Moreover, at the moment there are cases when the interest rate was overstated compared to the originally announced one. Therefore, every client who has decided to use the services of this financial structure must necessarily study in detail all conditions for the provision of such a loan product.

In conclusion, it should be noted that the "Simple Mortgage" without confirmation of income is a program that many clients used, and they were mostly satisfied with it.