Trust Loan - Affordable Housing

To buy own habitation the target credit will help. Times in which you could get an apartment from the state without any problems, have passed, and now everyone has to solve the housing issue on his own. However, not everyone has the necessary means to buy real estate. The realities of life are such that only a mortgage loan for housing can help.

A huge number of various loans, which offer different banks, can be confusing to anyone. Such a large selection of loans provided to the population not so much helps, how many, on the contrary, prevents to find the most advantageous offer from the offered for today. However, it is extremely important to take exactly the target loan, which will maximally meet the borrower's opportunities and wishes.

Sberbank's programs

According to many people, Sberbank offers the most favorable mortgage loans. Let's see why. The target loan in Sberbank has become quite affordable for the townsfolk, because in 2013 this financial institution can offer its clients three basic and four special programs on which lending takes place.

Their essence consists in the following. In Sberbank, you can take a loan for the purchase of both finished and under construction housing. There are also loans for the construction of a private house, it is possible to apply for a special loan for the purchase of real estate outside the city, parking lot or garage.

Of the special offers of the bank, it is necessary to note the possibility of obtaining a mortgage for maternity capital, as well as the right to refinance a targeted loan for housing.

VTB 24 offers and conditions

Also, a profitable targeted loan for the purchase of housing is issued by VTB 24. This bank is by far the leader in terms of housing lending in Russia. Its conditions have distinctive features. For example, a loan can be issued for up to 50 years, while in other banks this period is not more than 30. The minimum period for which a mortgage is granted is 5 years.

In VTB 24, as well as in Sberbank, there are several types of loans for the purchase of an apartment or a house. You can get a targeted loan for the purchase of housing in a new building, as well as receive non-targeted for any needs by providing your own property as collateral.

You should be aware that when you receive a loan, VTB 24 requires payment of an initial installment, which can be from 10 to 30% of the total amount, depending on the property for which it is purchased. When buying a garage, the first installment will be 30% of its value, and when buying a home on the secondary market - no more than 10%, provided that the borrower's liability is insured.

You can also try out a special loan in Rosselkhozbank, which offers quite acceptable conditions for lending to its borrowers.

Most banks on their official websites offer to calculate the cost of the loan online.