Is it realistic to get a loan secured by real estate in Sberbank?

A loan secured by real estate in Sberbank is issued at a low rate and on reasonable terms. How to get it and is it real?

The procedure for obtaining a loan secured by real estate in Sberbank has features and specific conditions, but, basically, the registration is similar to similar mortgage loans in other banks - the client receives money for any purpose, and provides the bank with his own apartment or other real estate. Liquid collateral allows you to receive money on more favorable terms than with standard consumer loans, issued in cash.

Lending terms

The loan amount is from 1 to 10 million rubles, or from 25 to 255 thousand euros or from 35 to 355 thousand dollars. The main thing is that the size of the loan does not exceed 70% of the value of the collateral.

• You can use the loan up to 7 years, the minimum period is 3 months. If there is a temporary registration, a loan is granted for a period not exceeding the period of temporary registration.
• The interest rate varies from 14.25% per annum when receiving a loan in rubles and up to 13.4% in foreign currency. A reduced rate of 12.85 and 12.05% per annum is provided to salary clients of Sberbank of Russia.
• The penalty for the delay of the next obligatory payment is 0.5% of the amount of the payment. A penalty is charged daily until the necessary amount is paid in repaying the loan. It’s not worth pulling clock go, time goes on and interest rises.
• Issuance, early repayment and transfer of funds is made without commissions. The loan amount is fully transferred to the account or card of the borrower opened with Sberbank by bank transfer.
• Mandatory security can be any real estate: residential or non-residential, commercial or even land owned by the borrower by right of ownership or a third party who will provide property as collateral for the requested obligations. Mandatory guarantee of a person who is officially married to the borrower (if any) is required.

Requirements for a potential borrower

1. Citizenship of the Russian Federation.
2. Permanent or temporary registration in any of the regions of the country.
3. Suitable age is 21-75 years old. The borrower must reach 75 years of age no earlier than the repayment of the requested loan.
4. Total work experience of 1 year and work at the current employer for at least six months. Profession is not important: credit can take DJ, and a policeman. For salary clients, Sberbank provides privileges - experience in the current place from three months, the total experience of six months.

Package of required documents

The applicant’s passport with a mark on the place of permanent registration (in case of temporary registration, a separate document is required confirming it).

• Application form, filled out personally in the bank branch or on the official website of Sberbank.
• Certificate 2-NDFL for the last 6 months or a certificate in the form of a bank. For salary clients, there is no need to confirm solvency and present additional documents.
• Workbook (copy certified by the employer).
• Documents on the subject of pledge, confirming the right of ownership and allowing to assess the market value. If residential property is offered as collateral, the applicant must confirm that he has a different housing, an extract from the house book or a certificate of ownership of another residential property.

Sberbank may also request other documents, certificates and certificates, as it seeks to learn as much as possible about the applicant and carefully assess the risks of providing borrowed funds.

The term for consideration of an application for a loan secured by real estate takes no more than 10 days from the date of submission of a full package of documents.

In addition to the documents available on hand, the bank will require a conclusion on the market and collateral value of the property from an independent appraiser, may recommend a life and health insurance policy for the borrower, or a pledged item.

Getting a loan at Sberbank on the security of real estate is quite simple, you only need to be patient and spend energy on the design of a package of documents. Do not forget about additional payments in favor of third parties and organizations (you will have to pay for the assessment of real estate yourself).