Why did we take out a mortgage from Sberbank, and now we pay to VTB24? Attitude to clients and pitfalls of mortgages from Sberbank

Mortgage approval at VTB - current bank offers

VTB offers a wide range of mortgage programs. Their gradation is determined by the type of apartment being purchased, the status of the borrower, and the possibility of implementing state support. Let us outline the main parameters for approving each mortgage:

1. New building
   . The maximum amount of approval is 60 million rubles, the minimum is 600 thousand rubles. Settlement rate – 9.1% and higher, repayment period – up to 30 years, down payment – ​​10% or more.
2. Secondary housing
   . The approval conditions are the same as for a new building. It is possible to reduce the percentage to 8.9% when purchasing apartments from 65 sq.m. and payment of the initial amount from 20%.
3. Refinancing
   . Favorable refinancing - the bank repays the existing mortgage at a reduced interest rate (from 8.8%). Approval of up to 30 million rubles is possible, but not more than 80% of the value of the property.
4. Military mortgage
   . Individuals who have been participants in NIS for more than 3 years can count on approval from VTB. The maximum possible financing is 2.435 million rubles, the term is 20 years. Moreover, at the time of repayment of the loan, the borrower should not be older than 45 years.
5. Non-targeted collateral loan
   . Loan for any needs up to 15 million rubles. subject to the provision of a real estate mortgage. Rate – from 11.1%, term – up to 20 years.
6. State support
   . Lending to young families with children at a low rate of 6%. The grace period depends on the number of children. Approval can be obtained by both a husband and wife and a single parent.
7. Sale of collateral real estate
   . Purchase of housing secured or owned by VTB.

On a note. Those who want to get a mortgage approved without unnecessary delays can use the “Victory over formalities” program. Issuance of two documents at 9.6% per annum. The client must provide 40% down payment.

Under what conditions does VTB 24 issue a mortgage?

July 15, 2017
Contents
:

• Mortgage conditions at VTB24
• Mortgage in VTB 24 according to two documents
• Mortgage refinancing at VTB24
• How to apply for a mortgage at VTB 24
• Mortgage insurance at VTB 24
• How to repay a mortgage at VTB 24
• How to calculate a mortgage in VTB 24 - calculator
• Mortgage in VTB 24 - reviews

VTB 24 is one of the leaders in the field of housing lending. Knowing the conditions and features of applying for and servicing a mortgage at VTB 24, you can choose the optimal program with the most attractive interest rate.

Mortgage conditions at VTB24

A mortgage loan from VTB 24 is given both for new housing and for the purchase of real estate “out of hand”.

To obtain approval, the client must provide a basic set of documents:

• passport;
• SNILS;
• at the borrower's choice - a 2-NDFL certificate or a bank form or a tax return for the last calendar year;
• a copy of the work record book certified at work and/or an extract from it;
• military ID for male borrowers under 27 years of age.

For salary clients, providing proof of income is not necessary - the bank itself will look at the credits to the card account.

A housing loan is issued on the following conditions:

• mortgage amount - from 600 thousand rubles to 60 million rubles;
• rate for the entire period - from 10.7% (indicated taking into account a discount of 0.3%, which is valid for salary clients when concluding a comprehensive insurance contract);
• term - up to 30 years;
• As a down payment, you will need to make at least 10% of the price of the property purchased with a mortgage.

Comprehensive insurance when purchasing real estate on the secondary market means protection of the life and health of the borrower, the apartment itself and property rights for 3 years, and when purchasing living space in a new building - protection of the object after completion of construction and personal insurance of the client.

There is also the possibility of either lowering the base rate or increasing it. If the area of ​​the purchased apartment is more than 65 square meters, then the rate will decrease by 1%. And if you only insure the real estate itself, the percentage will increase by 1 point.

Mortgage in VTB 24 according to two documents

For borrowers who do not want or cannot confirm their income and employment, it is possible to apply for a housing loan using a “shortened” list of documents - passport, SNILS and military ID (relevant only for men under the age of 27).

A mortgage under this program is issued under the following conditions:

• amount - from 600 thousand rubles to 15-30 million rubles (depending on the region);
• rate - from 11.5%;
• issuance period - up to 20 years;
• down payment - from 30% of the cost of the purchased home;
• If you refuse comprehensive insurance, the rate will increase by 1 percentage point.

A 1% rate reduction provided that an apartment over 65 square meters is purchased under this program does not apply.

Mortgage refinancing at VTB24

For borrowers who would like to reduce the rate on an existing home loan from a third-party bank, VTB 24 offers a refinancing program.

Conditions for mortgage refinancing at VTB 24:

• term - up to 30 years if it is possible to provide an extended package of documents and up to 20 years when applying for a mortgage using a passport and SNILS;
• amount - up to 10-30 million rubles (the limit depends on the region);
• the maximum amount of credit funds should not be more than 80% of the price of the purchased residential space when providing the full package and 50% when issuing 2 documents;
• rate - from 10.7% (indicated taking into account a discount of 0.3% for a salary client when drawing up a comprehensive insurance contract; if you refuse protection, the rate increases by 1%).

The loan can be issued either according to two documents or with a full package. Without confirmation of the level and size of income and employment, the rate increases by 0.5% points.

In addition to the main documents, you will need to provide a statement of the amount of the current debt and a certificate of the absence of outstanding arrears and the quality of mortgage repayment throughout the entire term.

How to apply for a mortgage at VTB 24

The bank provides 2 ways to apply for a mortgage loan - on the website and in the office of the credit institution.

When deciding to apply online, you will need to indicate:

• personal data of the potential borrower;
• information about employment and the employing company;
• information about the loan being issued (approximate term, desired amount, cost of the property being purchased and its location);
• applicant's passport details.

After reviewing the application, a specialist will contact the client, clarify the entered information and arrange a meeting. The final decision will be made approximately 3-4 days after visiting the office to sign the application form. The borrower will only have to finally decide on the apartment and sign the final set of documents.

When registering at a bank branch, the borrower goes there with a passport and leaves an application. The decision is also made within 3-4 days. Other documents can be provided after final approval.

Mortgage insurance at VTB 24

All rates are indicated taking into account that the client will take out comprehensive insurance (protection of life, disability, property rights and the real estate itself).

In this case, only the protection of the collateral is mandatory. Refusal of other types of insurance does not affect the loan decision, but increases the rate by 1%.

VTB 24 accepts only policies issued by companies approved by the bank. If the list does not contain the form in which he would like to insure himself, then the bank offers to send information about the organization for consideration. If the company meets the general requirements, then within 21 days it will be added to the list of partners.

How to repay a mortgage at VTB 24

When a mortgage is issued, the borrower is either given a card to which money can be deposited, or an account is opened for repayment. The bank offers the client several ways to deposit funds:

• in VTB 24 offices - just contact a branch specialist with your passport;
• through bank ATMs - replenishment can be made through a device that accepts cash, both to a card and to an account;
• through a personal account - in the VTB 24 Online system it is possible to replenish a credit account from any other account opened in the name of the client through the operation “Transfer between your accounts”;
• interbank transfer - the commission is charged by the sending credit institution, crediting is carried out within 1-5 business days;

• 
  through Russian Post - to carry out the operation, you must contact the post office with your passport and account details.

It is important that only ruble mortgage loans can be paid through Russian Post. It is recommended to deposit funds 8-9 days before the payment date. The transaction is subject to a commission of 1.2% to 2% (depending on the transfer amount).

How to calculate a mortgage in VTB 24 - calculator

On the credit institution’s website it is possible to calculate approximate mortgage parameters. To do this you need:

• determine the housing market (secondary or new construction);
• indicate whether the borrower is a payroll client;
• determine the package of documents (full or minimal);
• indicate whether the area of ​​the apartment will be more than 65 square meters;
• set the cost of the purchased property or the borrower’s monthly income;
• Determine the down payment and the approximate term of the mortgage.

After analyzing the entered data, the monthly payment and the maximum loan amount that can be issued will be calculated. The client will be recommended one or another loan program and an approximate interest rate will be indicated.

It is important that the calculation is for reference only; the specific terms of the contract will be clear only after a complete review of the client’s application.

Mortgage in VTB 24 - reviews

By analyzing reviews of current or potential mortgage owners about home loans at VTB 24, it is possible to highlight both positive and negative aspects.

Many clients complain that when issuing a loan, they were forced to provide comprehensive insurance and other additional services (for example, a certificate for legal advice), assuring them that otherwise they might be denied service.

For other borrowers, the reason to write a negative review about the bank was the inconsistency of the divisions and the very organization of the mortgage issuance process. Clients complain that the application is processed longer than the agreed time, additional documents are periodically requested, and managers often do not call back at the borrower’s request.

On the other hand, many VTB 24 clients are satisfied with how the mortgage transaction went. They highlight the coherence of work, professionalism and interest of employees, and express gratitude for their efficiency.

Who will VTB approve a mortgage: requirements for borrowers

Applications from applicants working in the Russian Federation are accepted for consideration. In this case, registration and citizenship do not play a special role. When negotiating a mortgage, the main focus is on the applicant's income and credit history.

Important! The total work experience is at least 12 months; in the last place, the client must work for at least six months.

To increase the likelihood of approval of the transaction, financial support from co-borrowers is allowed. VTB allows you to call one, two or more guarantors. The following are considered reliable co-borrowers: solvent children, parents, common-law spouses, sisters, brothers and other close relatives.

The procedure for approving a mortgage at VTB 24 is very simple. The stages of processing and approving a home loan at VTB are standard. The decision whether or not to issue a mortgage is made after submitting an application and analyzing the solvency of the borrower and co-borrowers.

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Mortgage lending programs of VTB 24 Bank

Today, VTB 24 Bank operates under several mortgage loan programs. Below is a brief comparative analysis of them

Always remember that early repayment of a mortgage loan is possible at VTB 24 Bank. There are no fines or commissions.

And finally, I would like to say that there are situations when the bank refuses to issue a mortgage loan. What this might be connected with is explained in the video.

Will VTB approve a mortgage - preliminary calculation

You can find out the likelihood of approval yourself by calculating your mortgage using an online calculator. The result of the calculations will show how realistic it is to get a loan from VTB with your existing income. The service is provided on every page of the website with a mortgage product.

What to do:

• Fill out the form, enter: the market price of housing, the amount of the down payment and income.
• Click "Calculate".
• Evaluate the result.

Mortgage calculation at VTB 24 on the bank’s official website

The program will display on the screen how much you can borrow, for how long and what the monthly payment amount is. The data is quite arbitrary, but it reflects the general situation. For clearer information, you must apply for mortgage pre-approval.

Stages of obtaining a mortgage at Sberbank

Now let's look at what stages of applying for a mortgage at Sberbank will await you if you decide to apply for a loan.

Selecting a mortgage program

First of all, pay attention to the down payment and whether you can pay it.

Sberbank works with maternity capital and government support programs, this allows you to make a smaller initial contribution or not pay it at all.

Also, when choosing the loan amount, pay attention that the funds for its repayment are no more than 60% of the family income, or in some cases 70% is allowed.

Applying for a loan

When a banking program has been selected, you are convinced that it is completely suitable for you, it is time to apply for a loan. To do this, you need to collect the appropriate package of documents and come to the bank with it.

Required package of documents

It is better to think about them as early as possible. Because they influence whether the bank will approve the loan or not. Sberbank requires the following documents:

• copy of passport (all pages);
• certificate of income for the last six months;
• a copy of each page of the work book or employment contract, which is certified by a notary or employer;
• statement.

If there are benefits, then you also need to provide the necessary list of documents on them, as well as additional sources of income (if any).

Choosing housing and registering mortgage collateral

For Sberbank clients there are no restrictions on the choice of housing and its type. You can choose either a secondary market apartment or a new building.

Requirements for housing are limited by the assessment and its location in the service territory of Sberbank. The cost of the property must not exceed the maximum loan amount.

Now we actually move on to registering the collateral. The housing purchased by the borrower serves as collateral. When the purchase and sale agreement is concluded, the housing will need to be re-registered and an encumbrance mark will be installed, which confirms the bank’s interest.

Purchase and sale transaction

After signing the loan agreement, the funds are transferred to the borrower and the purchase and sale procedure can begin.

Often the money is transferred to the account of the seller or the developer. Also, sometimes a safe deposit box is rented in which all funds are stored until the transaction is completed.

Registration of mortgage and apartment ownership

Immediately after the purchase and sale transaction, the borrower receives full ownership of the apartment. But there is a burden on the apartment, since it was purchased with money borrowed from a savings bank.

This means that the new owner does not have the right to sell the property or anything like that. But the property must be registered by the state. It consists in drawing up an act of transfer of housing from the old owner to the new one and issuing a corresponding state certificate of a new type.

When the bank client repays the debt, he will need to submit an application to remove the restrictions and receive a new certificate (optional).

Insurance

An apartment purchased on credit and pledged by Sberbank is subject to mandatory insurance. If you wish, you can insure your life and health, but if not, the bank may increase interest rates.

The bank chooses the insurance company because it cooperates with them. The insurance company provides discounts and benefits to Sberbank clients. The amount will be extremely small.

The insurance agreement will be signed along with the loan agreement. It will indicate all possible risks associated with the apartment in the event of which the company undertakes to make insurance payments.

If the borrower insures his life or health, the bank will have more confidence in him, since this is a guarantee that even after the death or disability of the borrower, the loan will be repaid with insurance payments.

Applying for a mortgage

It is very easy to find out a preliminary decision at VTB. The company has developed a simple online survey form that allows borrowers to quickly assess their chances of approval. You can proceed to filling out the application by clicking on the “Fill out application” button.

The form must display:

• Personal data: full name, year of birth, contacts, E-mail.
• Job information: employer’s tax identification number, income, length of service.
• Mortgage information: condition of the property being purchased, region where the property is located, down payment, housing price, repayment period.
• Passport details.

After filling out the application, click on the “Submit” button and wait for a response.

Applying for a mortgage at VTB 24

Algorithm for taking out a mortgage at VTB

In order to obtain a mortgage without unforeseen situations, it will be useful to know the procedure for obtaining a mortgage at a VTB bank branch:

1. We fill out an application for a mortgage online or at a branch of the organization, supporting it with a package of necessary documents.
2. We wait for the application to be approved, after which we choose housing - of course, subject to receiving a positive response.
3. If the whole process went smoothly, you will need to take out compulsory home insurance.
4. Next you need to make a down payment.
5. And lastly, we transfer money from the VTB account to the home seller.

VTB 24 approval: how long to wait for a banking decision

After submitting an application, potential borrowers are wondering how long VTB will approve a mortgage. The bank’s actions are standard in most cases:

• within three hours from the moment the application is sent for approval, a bank employee contacts the client and clarifies the missing information;
• the application can be approved within one or two days, then an SMS notification with a preliminary verdict will be sent to your phone; in the same way, VTB can refuse a mortgage;
• then the borrower collects a list of documents and brings them to the branch;
• final approval based on paper evaluation – in 1-5 days.

Under the “Victory over formalities” program, you won’t have to wait long for a decision – the VTB mortgage approval period has been reduced to 24 hours.

On a note. The validity period of the decision is 4 months. At this time, the client must have time to choose a suitable property and apply for money.

What determines the processing time for an application?

The VTB website states that the bank makes a decision within 4-5 days:

However, this deadline is very rarely observed and the applicant has to wait from 5 days to 1 month. What is this connected with?

The client’s application is considered at 2 levels: locally, that is, at the branch where it was submitted, and then, after it has been pre-approved, it is sent to the bank’s head office in Moscow.

Delays may occur due to the fact that at the first stage, the application was not registered or was lost. And this can easily happen if it was simply accepted and did not include the incoming number, day, month and year of registration, and also did not enter information about the document in a special journal. Be sure to pay attention to these nuances when you submit an application at a bank branch.

In addition, the bank employee, copying the passport, SNILS and other documents required at the application stage, must put a mark on the copies that the copy is correct. Only in this case can you be sure that the documents will not be lost and you will not be asked to fill out a new application because the previous one has disappeared.

In this sense, it is more convenient to fill out an online application, which is registered automatically.

It also takes time to check the data provided in the application form. For example, making calls to the applicant’s accounting department and human resources department, checking guarantors and the employer, receiving answers to requests from the tax office, pension fund, credit history bureau and other sources.

It also takes a long time to make a decision if a high loan amount is requested. The bank will study information about the potential borrower even more carefully to avoid potential risks.

The bank's payroll clients or employees of its corporate partners can receive a response faster. Verifying information on such applicants is much faster and easier.

The processing time depends on the workload of the departments. For example, due to a decrease in interest rates, many borrowers rushed to refinance existing loans. Therefore, during such periods, applications will take longer to be considered.

Differences in online application deadlines depend on the chosen program. For example, under the “Victory over formalities” program, a decision is made within 24 hours, for the rest – within 4-15 days.

List of required documents

If VTB has pre-approved your mortgage, you can begin collecting the following documents:

• application form;
• passport of a Russian citizen;
• insurance certificate of pension insurance;
• Form 2-NDFL, a certificate in the VTB form or income declaration is acceptable;
• a copy of the work book;
• military ID - for men under 27 years of age.

At VTB, a mortgage is approved in full with the client’s consent to comprehensive risk insurance: loss of ability to work/loss of life, damage to the purchased apartment, restrictions on property rights. Important! Insurance against the risk of loss or damage to collateral real estate is required for the approval of all VTB mortgages.

Refinancing from Sberbank to VTB

Time passed, we regularly paid our 38 thousand monthly. In the fall of 2017, a message was received about a reduction in the central rate of the Central Bank. We decided to submit an application to Sberbank with a request to reduce our mortgage interest rate. After sending a scan of the application (I downloaded the form on the Internet, filled it out at home and sent the scan), almost 3 months later Sberbank sent a response that our rate had been reduced from 13.25 to 10.9 (this meant a reduction in the monthly fee to 33 thousand rubles). But at that moment (waiting for a long time for a response from Sberbank) we began collecting documents for refinancing and transferring our mortgage loan to VTB.

An assessment report was made (5 thousand rubles), we returned the old insurance and directly at the transaction part of the amount was credited towards future insurance (here we demanded, in addition to life insurance and the property itself, to pay for insurance against the risks of losing the job of the borrower and co-borrower, an expense of 17,043). 1500 for a non-cash transfer of the amount of 3,140,000 thousand rubles from VTB to cover our debt to Sberbank.

VTB 24 approved a mortgage - how to find out the decision

As a rule, you don’t have to wait long - VTB promptly communicates the decision made. However, if the banker does not notify you of the loan approval or refusal within a week, you should not wait - it is better to act independently. You can find out the solution by calling the help desk - 8-800-100-24-24

. An alternative option is to leave a request to customer support. You can go to the contact form by clicking “Customer Care Service” - the button is located in the lower right corner of the site.

VTB 24 Bank contacts for communication

You can find out more information about approving a VTB 24 mortgage from the specialist who accepted the documents for consideration.

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VTB offers borrowers flexible mortgage terms. The bank is ready to approve an application based on two documents; cooperation with clients without registration and citizenship of the Russian Federation is acceptable.

Mortgage loan from Otkritie Bank with a rate of 9.3% →

Mortgage: offers from banks

The annual rate, lending period, and total amount to be disbursed are the classic parameters by which future borrowers monitor changes in loans in the banking industry. But there are a number of additional criteria that play a big role for clients. One of the list is the approval process for a home loan.

Mortgage loan from Otkritie Bank from 9.3% → Apply

In fact, the parameter means the time that the financial institution has allocated to the family to search for future collateral. And not only.

How long does it take to get approved for a mortgage at VTB 24?

I would like to start with the fact that before a banking institution makes a positive or negative decision, you need to go through the survey stage. At this step, you must fill out an application - a questionnaire in which you need to indicate all the necessary information about yourself, your work, education, and so on.

How you fill out the application form will be the bank’s choice when making its decision!

How long does a mortgage approval last? Typically, consideration of the application lasts about 4-5 days, during which time the bank checks the information you provide for its authenticity, using various databases, and the bank has many of them. If a client wishes to obtain a mortgage loan on special terms, such as a mortgage using two documents, then he has the right to expect a response from the bank within 24 hours!

The bank considers such applications first of all, since they are sometimes more favorable to it in terms of the conditions that are presented to the client as a borrower. And if you submitted an online application for a mortgage, then after a banking specialist contacts you, you can expect a decision from the bank within 2-3 days.

What does it look like

When choosing an apartment in a new residential complex, people often come to the office with the selected property from the developer. They have no questions regarding compliance with the preparation of documents. With apartments on the secondary market, everything is different.

To begin with, clients receive the go-ahead from the credit committee, then start searching for real estate within the agreed limit, and then check with the potential seller to see if everything is in order with the papers. Sometimes three months is not enough for this. Let's look at all the transactions in more detail.

"Primary"

The procedure looks very simple. The family chooses an apartment or house with a plot, reserves it, and then sends applications to several institutions.

You should definitely contact those branches that have managed to accredit the developer and have developed unique programs (you can find out everything from the developer). This scheme is relevant for clients negotiating a salary project.

As a rule, bankers offer a discount of 0.5% -1% from the standard rate. This is loyalty to its customers, it is prescribed in the cooperation agreement between the company and the bank management.

That is why people first choose the property they like, and with ready-made data they go to the bank manager in order to get more favorable loan terms.

"Secondary"

In general, it will take about 3-4 months to find an attractive apartment. But financial experts believe there's more to it than that. Figuratively speaking, future loan applicants descend “from heaven to earth” over time.

Real housing prices, lack of documents from sellers, as well as the actions of some market players who want to sell their property at a high price and quickly, make adjustments to the buyer’s preliminary calculations.

Brokers advise to include in the application the maximum possible amount that the family budget will support. But people, on the contrary, write as much as they need.

As a result, you can find beautiful housing, but the price will be much higher than stated. And there will be no time to rewrite a new application, coordinate, and collect the entire package of documents. You will either have to give up the house or find your own resources to cover the difference.

What do banks offer?

The validity period for mortgage confirmation varies from institution to institution. And no one calls this parameter the main one, rather an additional one. It takes no more than 5 days to receive a (preliminary) response. Afterwards, a period is given to choose housing.

Let's consider which bank offers the longest validity period for the credit committee's response:

• Sberbank – 90 days.
• Raiffeisenbank – 3 months.
• Promsvyazbank – 2 months. for the primary housing market and 3 months for the secondary market.

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Having found a house or apartment, you should make sure that the documents for sale are ready and everything is in order. Only then can an assessment of the selected property be carried out. The seller should be told that the transaction will go through the bank, since there also have their own issues.

The appraisal company will issue a verdict within 3 days, after which you can set up a deal. It can be seen that most of the validity period of the credit committee’s response is spent on searching or preparing documents for the transaction due to the fault of the seller.

With the decline in interest rates, mortgages began to revive after some stagnation observed last year and especially the year before. VTB 24 is one of the most popular lenders, apart from Sberbank, in the mortgage lending segment.

The validity period of a positive mortgage decision is 4 months from the date of approval. For comparison, for Sberbank this period is three months.

Mortgage applications are processed by the bank quickly. This takes from 24 hours to five days.

Who gets a mortgage within 24 hours?

A special program called “Victory over formalities” exists for Russians. When applying for a loan, you only need two documents:

1. Russian citizen passport;
2. SNILS.

Requirements for the applicant:

• age not younger than 21 years and not older than 70 years at the end of the loan agreement;
• At least one year of work experience at the last place of employment

For such applications, the mortgage approval period at VTB 24 is one day.