A peculiarity of mortgage lending is that the borrower is obliged to repay part of the cost of the purchased home himself, and the amount received from the bank will be used to cover the balance. The first installment is paid from the borrower’s own funds, and its size ranges from 10%. The upper limit has not been established, but it is obvious that if the borrower owns more than 70% of the real estate amount, lending is inappropriate.
Where to start
Own living space means comfort, stability and confidence in the life of any family. At the same time, a significant proportion of Russian citizens have the opportunity to solve their housing problem only with the help of a mortgage.
A mortgage loan always means a large overpayment to the bank and significant risks for the borrower. Therefore, it is strongly recommended to assess your solvency in advance, decide on the type of property to purchase, choose the optimal mortgage program, carefully study its terms, and compare the advantages and disadvantages of future obligations.
Key advantages of applying for a mortgage loan at Sberbank:
- the opportunity to buy a home and immediately move into it (in case of purchasing a secondary property);
- legal purity of the transaction (the parties to the transaction and the property itself are carefully checked);
- uniform distribution of debt payments to the bank without serious damage to the family budget;
- reliable investment in real estate.
But do not forget about the disadvantages, including:
- restriction of the borrower's rights in relation to the purchased housing (it cannot be donated or sold without the consent of the mortgage bank);
- the risk of losing the apartment in case of malicious violations of the terms of the loan agreement;
- a significant final overpayment on the loan (the total cost of the mortgage housing by the end of the mortgage repayment period may increase by 2 or more times);
- the need to pay a down payment (at least 10% of the price of the living space);
- mandatory accompanying expenses when applying for a mortgage, which further increase the final cost of the loan (for example, property insurance).
IMPORTANT! When applying for a mortgage loan from Sberbank, it is important to be prepared for constant credit and psychological stress due to the long repayment period. It is precisely because of this pressure that many do not want to get involved in the so-called “bondage”.
Features of mortgage lending
The bank can offer its clients mortgage lending under several programs. First of all, the type of property being purchased will affect the drafting of the contract. A loan can be obtained to purchase an apartment on the secondary market or in a building under construction, to purchase a country house, to build or purchase a summer house, as well as to independently build a residential building. The main differences here will affect the down payment and interest on the loan. There are especially favorable offers on shares from the bank and the developer, which any borrower can take advantage of. They are characterized by a reduced loan rate.
There will be differences for different categories of citizens. Preferential offers are provided for families with small children, where the rate is reduced to 6%; loans for military personnel also have a reduced interest rate and allow you to make a down payment using a military certificate. The effect of the preferential lending program is limited in time. For example, a child mortgage will work until the end of 2022, and is available to those families in which a second or third child was born in 2021. Another interesting opportunity is to refinance a mortgage loan from another bank, as a result of which the client will be able to take advantage of more favorable offers.
Answers to frequently asked questions
To avoid gaps in understanding the essence of a mortgage and the key conditions for obtaining such a loan from Sberbank, we will provide answers to popular questions from clients.
How to get a mortgage from Sberbank for a pensioner
There are no special programs or benefits for clients of retirement age at Sberbank. Therefore, this category of borrowers can take out a mortgage from Sberbank for an apartment on standard terms.
The package of documents will be standard, but you need to be prepared for the fact that the bank may require the provision of a pension certificate and a certificate of the amount of the pension received, which can be taken to the Pension Fund if the pensioner does not receive a pension on a Sberbank card.
A key feature of obtaining a mortgage for pensioners is the fact that with sufficient solvency and its documentary evidence, the loan is issued to persons up to 75 years of age at the time of making the last payment. Without proof of income, a mortgage can only be issued up to age 65.
Is it possible to register without a down payment?
Sberbank currently does not have a classic mortgage without a down payment. However, you can bypass the issue of depositing your own funds using the following options:
- use maternal capital funds;
- pay with a subsidy from the state (if there is such a right);
- deliberately inflate the cost of the apartment being purchased by agreement with the seller;
- take out a non-targeted loan secured by existing living space;
- take out a consumer loan.
You will learn 10 tips on how to get a mortgage without a down payment in a special post.
Minimum mortgage amount at Sberbank in 2021
The concept of “minimum mortgage in Sberbank” can be interpreted in two ways. There are two parameters to consider here. The first is the minimum amount according to the terms of the mortgage program, i.e. the one less than which the client cannot receive even though he does not need that much money. The second parameter is the lower threshold that the borrower should count on. It can be an order of magnitude higher than the value established by the mortgage program and depends on many factors.
These include:
- the amount of income of the borrower;
- presence or absence of deposits in Sberbank;
- the cost of the pledged property (if provided for by the program);
- down payment amount;
- credit history of the borrower.
After analyzing all the data received, the bank makes a decision on the possibility of issuing a loan and determines the lower and upper threshold of the amount that the borrower can count on. Next, the client will decide for himself how much money to take from the bank. At the same time, he will not be able to take more than the designated limit and less than the minimum threshold amount provided for by the terms of the loan.
Expert opinion
Irina Bogdanova
Expert in the field of mortgage lending.
Today, all standard mortgage lending programs of Sberbank have the same minimum amount limit - 300,000 rubles. The exception is a non-targeted loan for the purchase of housing secured by real estate. Under this program, the threshold value has been increased to RUB 500,000.
The minimum down payment for standard programs varies from 15 to 25% of the cost of the purchased home. The maximum amount can be up to 95%, the main thing is that it does not exceed the limited limit of 300,000 rubles.
Buying a home without a down payment is possible under the Military Mortgage program. In this case, the minimum threshold value will be the same 300,000 rubles, but the maximum amount is limited to 3,251,000 rubles.
There is no need to deposit money in cases where the loan is taken out against existing real estate as collateral.
Another option is the “Mortgage plus maternity capital” program. Funds from the certificate are used to repay the down payment.
It is worth taking into account another type of lending for which minimum indicators are important - refinancing a home loan. The program allows you to refinance only one mortgage (both for a new building and a secondary one) obtained from another bank, but at the same time allows you to add any other loans (consumer, car loan, card debts). The minimum loan amount is also 300,000 rubles, the maximum threshold is limited to 80% of the value of the property purchased with a mortgage.
A loan secured by real estate, which requires a minimum rate of RUB 500,000, has one of the highest thresholds. The borrower can take out a loan of up to 10 million rubles. In this case, the size of the loan issued by the bank is necessarily calculated taking into account the estimated value of the mortgaged property. The higher it is, the more money you can get (but not more than 60% of the value of the property pledged as collateral).
Expert opinion
Irina Bogdanova
Expert in the field of mortgage lending.
For early repayment of debt, Sberbank does not have minimum rates. You can repay the loan ahead of schedule, either partially or in full, without fees or penalties.
When choosing the optimal lending option, it is recommended to take into account mortgage rates in Sberbank. After all, the amount of overpayment and monthly payments directly depends on them. There are no interest-free loans at Sberbank. But there is a preferential lending program “State Support 2021”. It will be valid until July 1, 2021, the special rate on it is 0.1% during the year, and then 5.75%. The maximum loan amount is RUB 12,000,000. for residents of Moscow, St. Petersburg and the Moscow and Leningrad regions. The population of other regions of the Russian Federation can apply for a loan of 6,000,000 rubles.
Another option with a low rate is “Mortgage from 0.1% for families with children.” This is also a state support program for families, but its main condition is the presence of two or more children, and one of them must be born no earlier than January 1, 2021. Its validity period ends on December 31, 2022, the rate is 0.1% for the first year and 4.7% thereafter. The maximum loan amount is the same as under the “State Support 2021” program.
Programs with state support are not available to every Russian family, so those clients who cannot qualify for this type of preferential lending should pay attention to a type of loan such as “Mortgage for new buildings.” For the first year of payments, this loan provides a discount from the developer from 0.9 to 1.2%, after which the standard rate of 7.6% is applied. The maximum loan amount is not higher than 85% of the cost of housing purchased under the program. For clients receiving salaries into a Sberbank account, this figure will be 95%.
Expert opinion
Irina Bogdanova
Expert in the field of mortgage lending.
In order not to overpay for a loan, you need to take all these parameters into account when choosing a mortgage program.
The official website of Sberbank provides complete information on each type of lending, so choosing the appropriate option for yourself will not be difficult.
Applying for a secondary loan: interest and conditions
Despite the fact that today developers offer apartments in high-rise buildings under construction on favorable terms, many citizens are more interested in purchasing ready-made housing. Here the bank meets its clients halfway, providing favorable conditions when purchasing an apartment on the secondary market:
- A loan at 9.4% is available provided that you have a bank salary card, life insurance is in place, and the apartment is registered electronically.
- Borrowed funds can be provided for a period from 1 year to 30 years.
- The borrower must be at least 21 years old and no more than 75 years old at the time of loan closure.
- The total work experience must be at least 1 year. You must have worked in your last job for at least 6 months at the time of application.
- The down payment for a finished apartment is the same as for new buildings - only 15 percent.
Thus, the bank expands the boundaries of housing choice for clients using borrowed funds, allowing them to look for a good option among ready-made apartments. Review of the application by managers will not take much time. If the borrower meets the requirements and has sufficient income, then you can safely submit the collected documents for consideration.
Requirements for the borrower
The bank is quite loyal to its clients and does not make excessive demands:
- Persons who are at least 21 years old can take out a loan for residential real estate. The maximum age for mortgage lending is 75 years. However, it must be taken into account that at the time of full repayment of the loan by the borrower, according to the payment schedule, he should not be more than 75 years old.
- Work experience at the last job exceeds 6 months without a break. In total, worked for more than 1 year.
- The client must be able to confirm his regular income with a document. For this, a 2-NDFL certificate for 6 months or a document in the form proposed by the financial institution is suitable. Such confirmation is not required if the potential borrower receives a salary or pension on a bank card.
- The income received by the client must ensure the ability to pay the monthly loan payment amount and other living expenses. After paying the mortgage payment, at least 40% must remain.
- A good credit history will be the basis for the bank to make a positive decision on the application.
Obviously, meeting such requirements is not so difficult. Many citizens who decide to purchase their own square meters can apply for affordable mortgage lending on favorable terms.
Interest rates
You can take out a mortgage loan using a simplified option, which allows you to obtain borrowed funds using just two documents. In order to submit an application you will need:
- Passport of a citizen of the Russian Federation.
- Another identification document.
The client will have to fill out an application in which he must provide reliable information. This will speed up the procedure. Errors in the application may lead to refusal by the bank.
Loan interest will depend on various factors. The borrower can additionally take advantage of promotions and special offers. The difference from the general conditions for the rate will be 0.5% if the client does not receive wages or other income on the bank card. At the same time, to calculate the maximum amount, the bank accepts information about income that the borrower cannot document.
After the application is approved, you will need to submit documents for the property that is subject to lending (60 days are allotted for this), as well as a certificate confirming the availability of funds for the down payment.
Will interest rates on the loan decrease?
When deciding to apply for a mortgage loan, many people are concerned about whether the interest on the loan will be reduced during the year. This is due to the fact that everyone would like to receive funds to purchase their own home on more favorable terms. It is difficult to answer this question unequivocally. But analysts predict an improvement in lending conditions. The decrease in interest is associated with a decrease in the level of inflation in the country and an increase in interest in mortgage lending on the part of citizens. The number of transactions involving borrowed funds is growing steadily. This, in turn, may indicate that the real incomes of citizens have stabilized and are trending upward. There was confidence in the future.
Against the backdrop of all this, it is possible that interest rates on loans for certain categories of citizens, as well as on mortgages on a general basis, will continue to decline, just as they did in 2021. There are no direct statements from the bank's management in this regard yet. The influx of clients buying real estate on credit contributes to the development of the construction industry. A reduction in loan interest will attract even more citizens. All participants in the process will benefit from this: citizens, banks, construction organizations.
general information
As you know, most banking organizations, when providing a large cash loan, for example, a car loan or a mortgage, require their clients to make a portion of their own funds as an initial deposit. Why is this necessary?
Current offers
| Bank | % and amount | Application |
| Gazprombank Mortgage | 7.5% Up to 60 million rubles. | Direct application |
| Alfa Bank Mortgage | 5.99% Up to 45 million rubles. | Direct application |
| Rosbank Quick solution | 6.39% up to 25 million rubles. | Direct application |
| Bank Otkritie Large amount | 6.5% Up to 150 million rubles. | Direct application |
| Ekapusta Or maybe a loan at 0% would be better? | up to RUB 30,000 0% first loan for 21 days | Direct application |
Loan without refusal Loan with arrearsUrgently with your passportLoans at 0%Work in Yandex.TaxiYandex.Food courier up to 3,400 rubles/day!
Offers from Sberbank:
| Bank | % and amount | Application |
| Debit Gold many privileges | Thank you 5% + 30% of the purchase amount from partners 3000 rubles/year | Apply now |
| Premium card with big bonuses | Thank you up to 10% + a lot of privileges 4900 rub/year | Apply now |
| Simple debit if you just need a Sbercard | Standard tariffs, you can order your own design 750 rubles/first year, then 450 rubles | Apply now |
The fact is that when issuing a large sum of money, the bank must first make sure that the client, i.e. you are solvent enough to then return the funds you received. In other words, making a deposit is simply a way to make sure that you are reliable and have enough income to pay off the loan in the future.
Most often, you need to contribute your own funds in the amount of 10 to 30% of the value of the property. The specific numbers will depend on the company you choose, as well as the purpose of the borrower’s application.
Is it possible to get a loan without your own money? Yes, there really are such programs, but they are available only to certain categories of citizens. For most housing programs, you will have to make a down payment.
How to reduce the percentage
When taking out a long-term loan, you should take into account that even the slightest reduction in interest will save a significant amount. Therefore, you should not neglect the opportunity to reduce your monthly expense item. Let's look at what affects loan interest:
- Real estate properties sold at a promotion from a bank and developer will reduce the rate by approximately 2 percent.
- Life insurance will add another 1% savings.
- If the client receives wages on a bank card, then the rate will be reduced by another 0.5%.
- A child mortgage will allow you to pay off the loan at a rate of 6% upon the birth of your second and/or third child.
- Confirmation of income with an official certificate will allow you to count on more profitable loans.
- Registering a property electronically gives an advantage of 0.1%.
- A real estate loan taken for a short period will also allow you to save on interest payments to the bank. But early repayment of debt with a long loan term will not provide the same savings.
Mortgages for young families
Young families need special help, which is why the bank’s experts have provided special offers for them. Young families include citizens who got married before the age of 35, as well as single parents with the same age restrictions. For this category, loan approval is provided at 8.6%. The duration of the loan can be up to 30 years, but cannot be less than one year. If a second or third child is born in the family from January 1, 2021, then lending at a rate of 6% will be an advantageous offer. These conditions are now relevant not only to young families, since older parents can also take advantage of them.
The program was created to motivate citizens to start a family and promote demographic growth by encouraging families to have more than one child. After all, many parents were stopped by the fact that it was not possible to buy a spacious property when expanding their family. Now it is possible to provide decent living for families who decide to have two, three or more children during the program period. The bank set a time limit for the program - the end of 2022.
