In 2017, Belarusbank OJSC offers customers to use the loan service for the purchase of housing, including parts of residential real estate.
You can apply for a loan for the purchase of real estate in the primary and secondary markets. The option of acquiring a part of the premises or made by state order is also being considered.
The period for which the product is issued is up to 20 years. The initial payment is 25%.
To get a loan from Belarusbank, a borrower ( individual) must meet the following criteria:
To get a loan, you need to provide the following package of documents:
The certificates are valid for 30 calendar days from the date from which they were issued.
For individual entrepreneurs, you must additionally provide:
To apply for a loan for housing, you can contact the following representative offices of JSC ASB Belarusbank:
Mortgage in the Republic of Belarus is characterized by high stakes and big down payment which makes it difficult for citizens to access. However, the state and banks provide preferential programs lending to large families, civil servants, citizens in need of better housing conditions, and some others. A large number of lending programs are offered by Belarusbank. Let us analyze in more detail the conditions of the mortgage in Belarus, its legislative regulation and the possibility of issuing credit to Russian citizens.
Mortgage in Minsk and, in general, in the Republic of Belarus, for the purchase of an apartment is not as in demand among the population as in Russia. This is due to the peculiarities of the legislation of Belarus, as well as low incomes of citizens and large bank rates on mortgage loans.
Mortgage in Belarus is a pledge real estate, plots of land, capital buildings and other property, which by law is equated to real estate.
At the same time, the borrower owns and uses the acquired housing, which is pledged to the lender, and the bank, if the client fails to fulfill its obligations under the contract, has the right to claim its money through the sale of collateral.
The Mortgage Law in Belarus was approved in 2008. But in reality, it began to work fully only in 2013, when some changes were made to it. Up to this point, the purchased real estate did not actually act as collateral for banks.
The procedure for evicting insolvent debtors from an apartment burdened with a pledge was not fixed by law. In this regard, banks, in order to insure their risks, put forward requirements for the mandatory involvement of loan guarantors. For some borrowers, this is a difficult condition.
To solve this problem, in order to develop housing lending, the state made changes to housing code. At present, the authorities are planning to create something similar to the Russian AHML Belarusian Agency on mortgage lending. The main goal is to replace the surety institution, which slows down the development of the Belarusian mortgage, with a classic property pledge.
Changes to the Housing Code, which came into force in 2013, legislated the possibility of evicting non-payers on loans from mortgaged housing.
Today credit organizations in Belarus, mortgages are issued not at a fixed rate, but at a differentiated or “floating” rate. This means that during the term of the loan, the rate changes and depends on the key rate set by the National Bank of the Republic of Belarus. Usually, 1 to 7 percent is added to it. To date, the refinancing rate is 11% (nbrb.by/statistics/).
Mortgage in Belarus can be issued in different banks. Among them are Belarusbank, BelAgroPromBank, BPS-Sberbank, Bank VTB Belarus, BelGazpromBank, Priorbank.
Loan programs provide an opportunity to purchase an apartment on the market of new buildings or secondary housing, a private house, piece of land. plus exist home loans for housing construction. The loan amount in almost all banks does not exceed 70-80% of the total cost of a residential property (sometimes it can be 95%). As a rule, mortgages are issued for 180 months, with a maximum of 240.
To select a bank and loan conditions, you can use loan calculator presented at the link https://benefit.by/kredit/real/.
Documents confirming solvency for the bank are a certificate of income of the borrower and guarantors for the last three to six months. The entire list of requested documents is determined by a specific bank.
The main requirements that determine a positive result of consideration of a loan application are high level income and a good credit history.
Belarusbank has several real estate financing programs.
There are also programs using building savings, which include 2 stages:
A loan can be obtained after 12 months after the end of the funded stage and subject to all the terms of the contract. Only one residential property can participate.
| Name of loan | Bid | Maximum amount* | Term |
| For construction | From 11% | Up to 20 years old | |
| For the construction of housing under the system of building savings | 12 % | Up to 75% of the cost of housing construction | 20 years |
| Preferential loan under Decree No. 75 (for settlements with a population of less than 20 thousand people) | 3 % | Up to 90% of all costs | Up to 10 years |
| For the purchase of housing under the system of building savings | 12 % | Up to 75% of the purchase price of a home | Up to 20 years old |
| To purchase a home | From 11% | Up to 90% of the property value | Up to 20 years old |
| Preferential loan under Decree No. 13 (assistance to young and large families) | 1 % | Up to 95% of the property value | Up to 20 years old |
| For those in need of improvement living conditions | From 5.5% | Up to 75% of construction costs for borrowers, Up to 95% - for large families. |
Up to 20 years old |
| For the construction (reconstruction) of residential premises using a subsidy for its repayment | 14 % | Up to 90% of the value of the property | Up to 20 years old |
*taking into account the solvency of the borrower and guarantors
A distinctive feature of some programs is the repayment of the principal debt on the loan, starting from the month following the expiration of one and a half years from the date of conclusion loan agreement, or putting the house into operation.
Ways to expand living space with a mortgage:
The first two options assume the availability of a sufficient amount of funds. The latter is the most time-consuming, since not every buyer will agree to take mortgage apartment but this is the most real way expansion of living space in the absence of funds.
A mortgage for the construction of a house is one of the opportunities for citizens of Belarus to become owners of their own housing in a fairly short period of time. Basically, all banks offer approximately the same lending conditions:
Exist separate categories citizens of Belarus who are entitled to claim preferential terms for mortgage lending.
These include:
Borrowers may be eligible for more than one preferential terms. If the borrower does not meet the conditions of any preferential category, then the mortgage interest will be 3-7 points higher than the key rate.
There is more social mortgage in Belarusian rubles, which is issued at 5% per annum. It applies to the following persons:
To participate in the program, documentary evidence of the need to obtain new housing is required, including when living in an emergency home.
To obtain a mortgage for the purchase of residential real estate, a Russian citizen must meet the following requirements:
Mortgage in Belarus for Russian citizens in 2017-2018 will be available if there is an official certificate of wages borrower and guarantors for the last 3-6 months and compliance with all banking conditions. Whole required list documents should be clarified directly with the bank.
Belarusbank willingly provides various segments of the population credit loans for the purchase of real estate. This practice is beneficial to the bank itself and contributes to the decision housing problem throughout the country.
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The loan is provided in Belarusian rubles, and its size is determined by the solvency of the recipient.
Interest on the loan is paid throughout the entire period of actual use of the loan.
According to the legislation in force in the country, the amount of a one-time cash loan for the purchase of residential real estate should not exceed 90% of its value.
In case it is about large families or families containing minor children, the threshold of the loan amount can be increased to 95%.
To apply for a loan, the client should contact the branch of Belarusbank, having the documents necessary for the procedure.
Bank employees will help you fill out an application form for a loan and choose a suitable loan program.
After making a decision on issuing a loan, a meeting is scheduled for the client to agree on the necessary formalities and issue funds.
A very convenient way of registration for the client and the bank is online application. The required form is filled in by the client on their home computer and then sent to the appropriate address.
All related issues are discussed between the client and bank representatives over the phone.
The coordination of formalities is carried out after the bank decides to issue a loan in one of its branches. Usually the application is considered during the day.
To obtain a loan for the purchase of an apartment in Belarusbank, the client must fulfill the following requirements of the bank:
It's connected with long periods issuance of such loans and high interest by them.
If at the time of putting the house into operation all internal Finishing work, a loan can be granted in the amount of the full standard of preferentially credited housing.
The Young Families Loan Program was created to improve their living conditions.
Interest rate for a loan is equal to the refinancing rate, the documents should be submitted to Belarusbank after the real estate is put into operation (acquisition).
The total amount of the loan does not exceed 90% of the value of the housing.
Such loans are available only to citizens who have entered into contracts for the sale of residential properties built on state orders.
The interest rate is equal to the refinancing rate with the addition of 15 points and ranges from 28.5 to 38.5% per annum.
The loan is allocated for up to 15 years and amounts to 75% of the cost of the purchased house. There is a possibility early repayment loan without the application of penalties to the borrower in case of delay in the previously made payments.
How to get a soft loan to buy a home? Read.
A loan from Belarusbank for the purchase of housing has its advantages and disadvantages.
Its advantages include:
The reality of early repayment of the loan, provided that there are no penalties from the bank.
Long term loan agreement.
The loan has the following disadvantages:
The problem of improving housing conditions is relevant for many people. It is not for everyone to raise enough money to buy real estate on their own. Therefore, citizens turn to banks for loans.
Acquisition and construction of housing under the system of building savings
Belarusbank offers citizens to use the system of construction savings. To do this, the client opens a special deposit, deposits cash. Accrued interest is also accumulated on the deposit. After the expiration of the period established by the agreement, the client applies for a loan. The term of use of funds is up to 20 years from the date of transfer of the loan. The issuance is carried out by transferring money to the account of the property owner.
The allocated amount can be up to 75% of total cost object. The specific amount is determined by bank employees, taking into account the following factors:
- the amount of savings on the account;
- the amount of income;
- the level of income of the guarantors on the loan;
- credit history;
- market price of the property.
The rate for using the loan can be set at the level of the refinancing rate - + 3% . In this case, it is reviewed as soon as National Bank changes this value. The client can choose weighted average rate. Then the refinancing rate is taken into account, which was in effect in the period from the moment the deposit agreement was concluded until the month preceding the issuance of money. A citizen who has previously issued savings deposit under the building savings system.
Lending for construction and purchase of finished housing
The bank also issues funds in the amount of up to 75% of the market value of the acquired object. The term of use of money is up to 15 years. The interest rate is set at the refinancing rate + 3%. A Belarusbank loan for housing construction can be issued upon submission of the following documents:
- When building an object by an organization of developers - a certificate from such an organization on the inclusion of the applicant in it.
- At shared construction a certificate of the participant and a copy of the agreement on the creation of an object of shared construction are required.
- During construction individual home: contract for the performance of contract work; ownership certificate for land plot; a certificate of the cost of the facility under construction indicating the percentage of completion.
A loan from Belarusbank for the purchase of housing is issued to any person who meets the following requirements:
- permanent place of residence is on the territory of the Republic of Belarus;
- there is a permanent source of income;
- citizen is fully capable.
On the cheap credit at 6-9% per annum only those in need can count - those who are already in line for improving their living conditions. Two banks give such a loan - Belagroprombank and Belarusbank.
AT Belagroprombank reported that a loan for housing construction at 6% in the first two years and at 9% - in the remaining will be given only to those on the waiting list - veterans of hostilities in other countries.
Recall that Belagroprombank gave loans to those in need at 13.5% per annum. 10 million rubles were allocated for the program. Half of this limit - 5 million rubles - was exhausted in two days. The second was "reserved" for the soldiers-internationalists. Only they can take advantage of this loan. Now the loan rate has dropped to 6% for the first 24 months of using the loan, and to 9% for the next.
A similar - the cheapest on the market - loan for the needy at 11.5% per annum at the beginning of the year and Belarusbank. Now the bank also gives a loan to those on the waiting list at 6% per annum. But - only to those on the waiting list directed for construction from the local executive committee and only in houses that are included in the list of the Ministry of Construction and Architecture.
There are 20 houses on the list, including three of them in Minsk (Kamnaya Gorka, Sharagnovicha-Rafieva and Mikhalovo-Alibegova). Two more houses are offered in the suburbs of the capital - in the village of Kopische and the agricultural town of Priluki.
The loan is issued for up to 20 years.
Cheap loans - for the rest
More recently, the rate on housing loans floated around 17% per annum. In May, the first offers appeared with a more attractive rate - from 11%. And now there are banks lending to the purchase of new buildings from certain developers at more or less rising interest rates.
For example, BelVEB offers a loan "Friendly Budowlya" at 11% per annum for the construction or purchase of ready-made real estate. Under such a percentage, clients of four developers are credited. In particular, Vnesheconomstroy ( residential buildings on Pobediteley Avenue, 27 and st. Myastrovskaya, 24); "Belinterrosinvest" - residential buildings on Myastrovskaya, 4 and 6; and LLC " Construction company Scanko is a residential building at 10, Svyazistov Street. The loan rate will remain unchanged throughout the entire loan term. The loan is issued for up to 25 years.
In Belagroprombank you can take targeted loan for housing construction at 12% per annum (the first two years, starting from the third - the refinancing rate plus three percentage points, now the rate is 12% per annum). The loan is issued for a period of 20 years and on a general basis (it is not necessary to stand in line).
