And then tighten the belt even tighter, because the bank will have to pay off the debt for 20 years. And it's good if inflation has an appetite and it absorbs some of the debt. But it is better to rely on your own strength:
The undoubted leader in the field of housing lending is Belarusbank. The main financial institution of the country at all times provided the most favorable rates and participated in all And now it provides for several financing options:
|
Loan type |
Who can get |
Maximum amount |
Interest rate |
|
On a universal basis |
Every citizen of Belarus who has a source of income in the territory of the state and is able to confirm it |
Up to 90% of the cost of housing, depending on the applicant's earnings |
Refinancing rate + 4.3% |
|
On preferential terms |
People on the waiting list for improvement living conditions and do not have their own property |
Up to 90% including family income |
Refinancing rate +3% |
|
Special conditions |
Large families |
Refinancing rate |
Inflation and default in Belarus are quite frequent guests. Therefore, the main bank no longer relies on a fixed interest rate, leading it to a loss of income. Now the size of the monthly payment changes every quarter in accordance with the change in the refinancing rate. Today, this figure is 10.5% per annum, and therefore total cost loans to those in need of better housing conditions is 13.5%.
Despite a slight difference in interest rates, otherwise Belarusbank provides identical conditions to any borrowers:
Important! Guarantors, like the borrower himself, must have a positive credit history and sufficient income.
A significant advantage of lending in Belarusbank for many residents of the country is the ease of making payments and the ability to write them off from wages. If the client receives income on a bank card, then a certificate of employment becomes optional.
Belarusbank is the main, but by no means the only bank in Belarus that issues large loans for the purchase of apartments. Therefore, you need to compare the conditions: it is possible that you will be more interested in the offers of other financial institutions in the country. Moreover, interest rates vary in a small range, and preferential programs and subsidies work in every bank in the "top five".
|
Loan terms |
Interest rate |
||
|
Belinvestbank |
Buying or building an apartment from a developer partner |
||
|
BPS-Sberbank |
For the purchase, construction and reconstruction. Line of credit available |
||
|
Belagroprombank |
Surety, pledge |
||
|
Priorbank |
Possible use of subsidies |
||
|
guarantee |
A loan for the purchase of housing in a commercial bank sometimes turns out to be even more profitable than in Belarusbank. Basically, this is achieved by partnership with developers. And even being tied to a certain cooperative does not become an obstacle, because they cooperate financial institutions with organizations that have proven themselves in the market.
In addition, applications in commercial banks are often processed faster, many are ready to consider and total income families as the basis for issuing a large sum. The option of a credit line offered by BPS-Sberbank is also interesting - this best option for those who build Vacation home or an apartment in a cooperative.
Russians often complain about long mortgage processing. In Belarus, in fact, there is no such method of financing, but the timing does not really benefit from this. After all, a potential borrower needs to collect a package of documents:
Belarusbank is considering an application for Housing loan within 30 days, commercial banks more often they act faster - you can get a response from them within the next week. But the transfer of money to the seller's account can also take several days.
It's no secret that Belarusian banks are skeptical of entrepreneurs and the self-employed, considering their income too floating and unstable to receive a significant amount of credit. But with housing issues, the situation is different - they are given out much more willingly, and the target audience includes:
The latter category has special requirements. In order to get a loan to buy a home, they must provide the bank with a current account statement for the last 3 months or an annual declaration, as well as a certificate of state registration. It is worth taking into account the fact that the reputation of such a borrower in any case will be checked using reports from the tax office.
When buying a home on the secondary market, a difficult situation often develops - the seller is not ready to wait until the bank transfers the amount to his account or simply does not want to deal with too long paperwork and opening accounts. And it is especially offensive if the amount required is not very large. In this case, you can use the services of commercial banks that are ready to issue a housing loan in cash:
The requirements of these banks are somewhat softer, it is not required to wait for the execution of an agreement on the pledge of real estate - it is enough to provide a surety. But you need to understand that the sacred meaning lies in the very prefix “from”, because the announced figures rarely coincide with the loan agreement that you sign with the company.
A home loan is practically a matter of life. After all, many families break up before the maturity dates end. Therefore, choosing one of the proposed options, you need to think ahead:
You can get a loan to buy a home in Belarus in 8 banks at once, but none of them will provide you with the full amount. Therefore, in any case, you need to think about savings now - they will be very useful to you.
You do not have enough money to buy an apartment? Profitable mortgage is not available? In this case, you need to select and arrange profitable loan for housing in Minsk. Currently, all citizens of Belarus over 18 years old with a regular income can get one. Special conditions issuing such a loan, banks are ready to provide large families, the poor, and those in dire need of better housing conditions.
Favorable loans for housing in Belarusian banks can be issued on the following conditions:
On the special conditions may be issued soft loan especially needy, as well as large and young families. Such categories of clients can count on a lower rate of 8.25% and fast processing of loan documents.
Today you can buy an apartment on credit in any region of the country. To get the most profitable loans of this type, you must:
It would seem that quite recently prices in the real estate market were feeling the bottom. Today, there are no apartments cheaper than $35,000 left in the Minsk "secondary", and new buildings with square meter up to $1000 are sold out in a matter of days (if we are not talking about a foundation pit). The current demand is largely due to the increased availability of housing loans. What conditions are offered by banks today? And how big are the risks? We tried to understand the issue by visiting six different banks under the guise of potential borrowers.
The story was made up on the fly. A family with two minor children found a coveted apartment on the secondary market. Only 50,000 rubles are not enough to make the dream come true. We are striving to borrow this amount from banks, having a stable job and an average salary for Minsk (we started from the latest Belstat report). Let the husband have 1300 rubles, the wife - 900. The spouses do not have other loans, they do not act as guarantors anywhere and do not hold other debts to their hearts.
Unfortunately, it was not possible to get advice at the mortgage center on Myasnikova Street. Taking a ticket, we spent in electronic queue almost an hour, and the cherished number on the scoreboard did not light up. At the end of the working day, at least 30 people gathered in the room - all of them were sent here from various branches of the bank to draw up contracts, and the center's employees clearly could not cope with the surging workload. Realizing that it makes no sense to wait, we left, and received a consultation the next day in a regular branch of the bank, practically without a queue.
Belarusbank issues loans for up to 20 years. For the first two years, the interest rate will be equal to the refinancing rate of the National Bank (today it is 10.5%), starting from the second year - the refinancing rate plus 3 percentage points (13.5%).
To get the 50,000 rubles we need average income for the last three months should be approximately 1126 rubles. In this case, the maximum payment will be in the region of 788 rubles (226 - the main debt, 562 - interest). Then the amount will slowly decrease. It turns out that if every month we regularly pay 226 rubles of the main debt and the balance of interest, then in 20 years we will overpay the bank about 74,000 rubles. The calculation is, of course, highly arbitrary. During this time, the refinancing rate to which the loan is linked will change more than once. And it is not in our interests to feed the bank all this time. There are no penalties for early repayment, so it is more profitable to pay as much as possible and thereby alleviate the debt burden.
- It’s better for you to take not 50,000, but a little less, since loans in excess of 50,000 rubles require not only a guarantee, but also a pledge of the purchased housing, and these are additional costs for appraising an apartment and execution of the contract, - explains the specialist. - As for guarantors, for such an amount you need at least two people with a total income of around 1,300 rubles. Additional payments will amount to 21 rubles for each guarantee agreement.
To apply for a bank loan, it is enough preliminary contract buying and selling an apartment. But on the day of imprisonment loan agreement you must provide a notarized contract of sale.
For the delay of the principal debt, a double interest rate is charged (in our case - 27%), for non-compliance with the terms of interest repayment - a penalty in the amount of double interest rate calculated for each day of delay.
We are interested in what will happen if delays become regular.
- Delays contract does not provide. You will have guarantors. If you can't pay by yourself, contact them. Otherwise, ours will take over security Service, - Responsible bank representative.
The interest rate of Belinvestbank is now 15.28% (calculated by multiplying the current overnight rate by 1.3). The dynamics of changes in the overnight rate can be tracked on the website of the National Bank. Per Last year it changed eight times downward - from 20 to 11.75%. A loan to buy an apartment is given for 20 or 10 years.
Arriving at one of the branches, we ask you to calculate the payment schedule for 20 years.
- Your income to receive 50,000 rubles is enough for you. If you take your spouse as a guarantor, one more guarantor with a salary of 900 rubles will be enough (taking into account the fact that he has neither loans nor dependents),- explains the consultant.
The maximum payment will be 857 rubles per month, where 209.2 is the principal debt, and 647.8 is interest. Then there will be a gradual decrease to 216 rubles by January 2038. If you strictly adhere to the printed schedule (which, of course, is not necessary, and even impossible due to changes in the refinancing rate), the overpayment after 20 years will be 76,394 rubles.
- But if you take a loan for 10 years, then your salary for 50,000 will not be enough. Even including the income of the spouse in the total, you can get a maximum of 41,000 rubles,- states the expert. - The guarantor's income must be at least 1150 rubles. Your guarantors can be women under the age of 53 and men under the age of 58 at the time of filing. If you do not find guarantors or our risk managers decide that you still do not have enough security, you will be offered to draw up an apartment pledge agreement. The payout amounts will not change.
According to the ten-year schedule, the maximum payment will be equal to 874.87 rubles, where 344.53 is the principal debt, and 530.34 is interest. By January 2028, the overpayment will amount to 31,318 rubles.
In the event of a delay in repayment of the principal debt, the interest rate on the overdue part of the loan is increased by 1.5 times (in this case, up to 22.92%), and the borrower who has violated the terms for paying interest will be charged a fine of 0.1% for each day payment delays.
In Priorbank, on the security of an apartment, you can take out a loan of up to €108,000 in equivalent, and under the guarantee of third parties - up to €21,000 in equivalent. The rate in both cases is as follows: first year - net CP (10.5%), starting from the second year - CP + 3.5 percentage points (14%). Term - 5, 10 or 15 years.
- According to your total salary, you can claim 89,000 rubles. If you take 50,000, then monthly payment will be 644.74 rubles,- after clarifying information about income and family composition, the specialist prints out a payment schedule. - Payments will be equal every month. An annuity operates here: monthly interest payments will decrease from month to month, and the principal debt will grow, but the total remains 644.74 each time. If you stick to this scheme, after 15 years your interest overpayment will be 65,614 rubles. Of course, every month you can deposit more than 644 rubles in order to quickly pay off the bank.
If we issue a loan secured not for 15, but for 10 years, then the monthly payment will be almost 752 rubles (an annuity is also here), and the overpayment at the end is 40,238 rubles.
Now consider the option with guarantors.
- Two people under the age of 63 are enough (at the end of the loan agreement). In your case, the total income of the guarantors should be 2000 rubles. The maximum payment in the first year will be 715 rubles, starting from the second year - 822 rubles, then payments go down. The overpayment in 15 years will be about 51,095 rubles. If the contract is for 10 years, the maximum payment in the first year will be 854 rubles, from the second year - 941 rubles. Overpayment - 33,621 rubles.
It turns out that it is much cheaper to find guarantors than to arrange an apartment as a pledge. In addition, you have to pay about 200 rubles for the execution of a pledge agreement, as well as spend money on an assessment market value apartments.
- To apply, we need your passports, copies of work books and salary certificates for the last six months,- clarifies the requirements of the consultant. - If the application is approved, bring us the contract of sale of the apartment. If the apartment is mortgaged, you will also need a conclusion on its market value. Additionally, in this case, it is necessary to insure the life of the borrower (315 rubles each year) and conclude an insurance policy with one of the insurance companies that are partners of the bank for the amount of the loan debt.
Of course, there are penalties. Interest on overdue debt on the principal debt will be calculated at a rate increased by 1.5 times (15.75% in the first year and 21% in subsequent years), and a fine of 0.4% for each day of delay will be charged on the amount of untimely repaid interest.
Here, the loan "Ulasnaya Mayomasts" at 16% per annum (SR + 5.5 percentage points) suits us - this is issued for a period of up to 20 years. If up to 60% of the cost of the apartment is credited, then for an amount less than 30,000 rubles, at least one guarantor is sufficient, for an amount over 30,000 - at least two guarantors or a pledge of the apartment, and if more than 60% of the cost of the apartment is credited, it is necessary to look for guarantors and draw up pledge.
- Your salary is not enough. You can count on 49,200 rubles, sums up the consultant. - If you need exactly 50,000, we include your wife's salary in the total income.
Calculations show that for all 20 years we will overpay 80,467 rubles in interest (unless, of course, we repay the debt ahead of schedule). The maximum payment will be 874.53 rubles (208.33 - principal, 666.2 - interest).
The schedule for 10 years paints a more optimistic picture: 40,465 rubles of overpayment. But payments will keep in a constant tone. We start with 1082 rubles (416.67 - the main debt, 665.74 - interest).
There must be at least two guarantors. Their age is not less than 21 years and not more than 55 years on the date of submission of documents. The net income of each of them must be at least 55% of the amount of the maximum loan payment. For the conclusion of an agreement with each guarantor, the bank will take 20 rubles.
- You can choose to secure the loan in the form of collateral, then you do not have to look for guarantors,- advises a specialist. - The payment amounts will not change. All you need is an appraisal. Making a deposit costs approximately 220 rubles.
If there is a delay in payments on the principal debt, the bank will increase the rate by 10 percentage points (in our case, up to 26%) until the debt is fully repaid, and will also fine the borrower by 1 basic amount for each case of delay. For late payment of interest, a fine of 0.1% of the unpaid amount for each day of delay is due.
Belagroprombank today offers loans for the purchase of housing at a rate of 15.5% per annum (CP + 5 percentage points) for up to 20 years.
- With a salary of 1,300 rubles, a bank can give a loan of 45,000 rubles. If you include your spouse's salary in your total income - up to 71,000. In your case, you need at least two guarantors. Their total income should be somewhere around 1800 rubles,- advises a bank employee. - Or you can get a loan secured by an apartment, and then guarantors will not be needed. Registration will cost a total of 500 rubles, including an assessment of the apartment and registration with a notary. And if there are only guarantors, then pay only 60 rubles: 20 for the execution of an agreement with each of them and 20 for including the spouse's income in the total.
The maximum payment under the 20-year schedule is 864 rubles. Overpayment after 20 years - in the region of 75,400 rubles.
Penalties from Belagroprombank for overdue principal debt - double interest rate (31%) plus a penalty - 0.15% of the amount of overdue principal debt for each day of delay. A penalty in the same amount will be charged for non-compliance with the terms of interest repayment.
BPS-Sberbank also offers loans for up to 20 years. For the first 12 months, the rate will be 14.5% (CP + 4 percentage points), starting from the 13th - 13% (CP + 2.5 percentage points).
Judging by the 20-year schedule, the maximum payment in our case will be 812 rubles. The amount of overpayments in the end is about 70,000 (if you do not pay off the debt ahead of schedule). It is necessary to find at least two guarantors with an income of 1,600 rubles for two (we are talking about a loan of 50,000 rubles). At the end of the contract, the age of the guarantors must not exceed 65 years. You can do without guarantors by registering an apartment as a pledge.
If there is a delay in repayment of the main debt, the bank will double the interest rate on the overdue part of the loan (up to 26%). For non-compliance with the terms of repayment of interest, a penalty is provided in the amount of 0.3% of the amount of delay for each day of delay.
Interest rates on loans are pegged to the refinancing rate or the overnight rate. However, banks can independently initiate a change in the interest rate. In every contract we have studied there is a clause indicating this. Banks can justify such a measure, for example, by changing market conditions or the cost of resources for the bank.
The borrower will be offered to sign an additional agreement to the agreement on changing the rate. In case of refusal to sign, the bank will require early repayment of the loan and interest for the period of use.
It is necessary to carefully read the contract not only before signing it, but also after - so as not to forget about the obligations assumed. Each agreement defines a number of violations in which the bank has the right to demand early repayment of the principal and interest. Such violations, for example, include non-compliance with the intended use of the loan, failure to provide the documents required under the contract and the provision of false documents, repeated delays in payments, changing the country of residence of the borrower, and so on.
