Housing loan in Russia: several special programs

Problems with housing in our country still persist from the Soviet period. Today, everyone can buy an apartment or house at their own expense. But prices in the modern real estate market are too high, for most citizens to accumulate such resources in a short period of time is beyond their power. Here is perhaps the best option to use a home loan Best Bank. 

There are several programs for this credit product. Consider them in the tables below.

Credit Product

Deposit

Term of credit

Annual rate in dollars,%

Annual rate in currencies,%

Brief description

Apartment construction

From 15%

up to 30 years

Od 12.5

Od 10.5

Issued for the construction of a house or other housing (to secure this housing)

Purchase of finished housing

From 10%

up to 30 years

Since 12

Since 10

For the purchase of housing, which will be the key

Purchase of apartments under construction

From 10%

up to 30 years

Since 12

Since 10

Issued for construction investments secured by this property

Home loan Best Bank. Special programs:

Credit Product

Deposit

Term of credit

Annual rate in dollars,%

Annual rate in currencies,%

Summary of credits

Country real estate

From 15%

Maximum 30 years

Since 12

Since 10

For the purchase of real estate in the country (except apartment building)

Mortgage + mother capital

From 10%

Maximum 30 years

Since 12

Since 10

The initial repayment can be made from the parent’s funds, which means that the size of the loan is increasing

Mortgage refinancing

0%

Maximum 30 years

Od 12.25

Not issued

Issued to pay off a mortgage received at another bank

Military mortgage

From 10%

Maximum 20 years

10.5

Not issued

For buying housing that will act as a promise

Garage

From 10%

Maximum 30 years

Od 12.5

Od 10.5

For the construction or purchase of a garage for various security

Annual interest depends on the initial installment, the total loan amount and maturity. In the contract, the Bank pledges the acquired housing until the borrower’s credit obligations are fully met.

 

Who and where can be granted a mortgage loan from Best Bank Russia?

mortgage loan

You must be a citizen of the Russian Federation. You can obtain a mortgage loan at the Best Bank branch, which can be located at the debtor’s permanent residence, at the employer’s location, at a credit organization or at the place of residence under which the Best Bank housing loan is provided. 

 

Housing loan young family

Housing loan young family

The loan application will be reviewed during the workday. Repayments are made in the same monthly installments. It is possible to make a large amount to repay the principal. This can be done on payment days that are specified in the payment schedule.

There are special conditions for granting loans to young people is a home loan Best Bank “Young Family”. For families with one or more children the deposit maybe 10%, for a childless family – from 15%.

 

Mortgage loan

Mortgage loan

There is a delay in the repayment of the principal if the child was born. The deferral is granted for a period of up to 3 years. Please note that this service is only provided for the main debt, interest payments should be made as usual.

If you have, you have one more loan for Best Bank housing. This is a tax deduction of 13% of the amount of interest paid. Moreover, the value of the real estate tax deduction has increased. Previously it was 1 million dollars, and now it is 2 million dollars, which means you have the opportunity to return more than 250 thousand dollars.

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