Belinvestbank loans for the purchase of housing. Which bank can I get a loan from to buy a new apartment?

The topic of mortgage lending is of interest to many, and citizens of Belarus are no exception. So, they can get a loan for housing at Belinvestbank, which has been on the lending market for more than 25 years. But before applying, you need to carefully study what offers the bank has for borrowers and all loan rates.

Belinvestbank offers a financing program that involves the purchase or construction of residential and commercial real estate. There is also a preferential offer for obtaining a loan with government support.

Tariffs and conditions

In 2019, the interest rate for all types of programs, except preferential ones, is 15%. For subsidized – 14%. In both cases, the rate is floating, but in the first it is tied to the overnight rate set by the National Bank of Belarus (1.25), in the second - to the refinancing rate (+ 3%).

The maximum amount depends on the borrower, and in the preferential program it is calculated from the standardized cost of housing, taking into account the client’s solvency. Also in a number of regions (Vitebsk, Minsk and Mogilev) there are special programs for apartments from partner developers, for which reduced interest rates are provided.

Loan for real estate financing

Amount of credit

depends on the borrower

loan terms

from 10 to
20 years

loan rate

from 14%
per annum

* - early repayment without penalties

Loans for the construction and purchase of residential real estate are provided for a period of 20 years, others - for 10 years. In the case of a purchase, this is a one-time issue, and in the case of construction, it is either a one-time or non-renewable line of credit. For all offers, funds are provided by non-cash transfer to the account of the seller (when purchasing on the secondary market) or the developer.

A number of additional conditions also apply:

• contribution by the borrower of his own funds in the amount of at least 10% of the cost of the purchased property;
• presence of a guarantor;
• pledge of a constructed object for the duration of the mortgage after receipt of documents for it;
• possibility of early repayment without additional payments.

Lending with state support involves the targeted use of funds - for the construction of residential premises and single-family residential buildings.

Requirements for borrowers and required documents

Funds are provided to citizens of Belarus subject to the above conditions. To participate in preferential lending, you must document your need for living space. This applies primarily to those who live in dilapidated houses.

In other words, you need to go to the administration at your residential address and get on the waiting list for housing.

• To obtain a home loan, you must provide a full package of documents, which includes:
• passport;
• questionnaires; certificate of income for at least the last 3 months (or Belinvestbank salary card);
• a copy of the work book;
• consent of the borrower and guarantors to provide a credit report;
• documents for the collateral;

other papers at the request of the bank.

The passport and application form are provided by both the borrower and the guarantors.

Can I solve my housing problem with a loan? the site and the developer found out what loans banks offer for the purchase of real estate and how much they will have to pay.

The terms and conditions of real estate loans are similar to car loans. Here you will also need your own participation in the purchase and security. Own participation depends on the conditions of a particular bank and usually amounts to no more than 30%. As insurance, the bank may ask for collateral and surety.

Home loans now have the longest maximum terms. The client can expect 15-20 years to repay the loan. At the same time, the maximum term for consumer loans is most often 5 years, and for loans to purchase a car - 7 years.

What are the current conditions?

• Interest rates on real estate loans now range from 12 to 16%, with the bulk of rates remaining at 13−14%.
• Belagroprombank, Belarusbank, BPS-Sberbank, Priorbank are reducing the main interest rate in the first years. For example, Priorbank reduces the rate to 10% in the first year, while the basic rate is 14%.
• Banks are ready to offer loans for up to 20 years. Exception: Priorbank, Paritetbank and Fransabank, which offer a term of 15 years.
• Own participation is now 10−30%. At the same time, Belarusbank, Belagroprombank, Belinvestbank and BPS-Sberbank are asking for the smallest percentage of participation - 10%.

How much will you have to pay?

Let’s assume that you lack 20 thousand dollars to buy an apartment (relatively 40 thousand Belarusian rubles). We calculated payments and overpayments using the example of a loan from BelVEB Bank (the lowest basic interest rate).

The maximum monthly payment for such a loan for a period of 20 years will be approximately 600 rubles, and the total overpayment will be about 52,216 rubles (if you repay everything on time and on schedule).

Project partner:

The A-100 Development group of companies has been successfully operating in the real estate market of Belarus for 12 years. Now the company offers the purchase of finished apartments in the residential areas “Novaya Borovaya” and “Zeleny Bor” - 5.5% per annum, which is the lowest rate on the Belarusian market.

The topic of housing lending is relevant for everyone, including residents of Belarus. Thus, citizens of the Republic of Belarus can use the services of Belinvestbank, which has been operating in the financial services market for more than 25 years. But, before turning to lending services, it is worth carefully studying what conditions the bank offers its clients, as well as all interest rates. What Belinvestbank loan for the purchase of housing can be obtained at the moment.

Within the framework of one loan program, a potential borrower can apply for a loan for the following needs:

• construction of a residential building;
• construction of other real estate;
• purchase of a finished apartment or house;
• purchase of another property.

As for the basic lending conditions, they are the same for all programs: the interest rate is 1.13 overnight rates, in turn, the overnight rate ranges from 12 to 14% and is set daily.

Please note that the rate for all loan programs is fixed; it depends on the overnight rate; this is a value that changes at the initiative of the National Bank of the Republic of Belarus daily. In general, the annual interest is valid throughout the term of the loan agreement, unless obligations arise that require a revision of the annual value in accordance with the current legislation of the Republic of Belarus.

In addition to collateral in the form of the loaned object, a guarantee from individuals is required. The maximum loan amount is calculated depending on the income of the applicant and his guarantor. In addition, the bank discounts the interest rate under certain circumstances. For example, if an applicant needs to improve his living conditions, he receives a discount of minus 2%, or he provides a deposit as security for a loan in the amount of 21% to 70% of the loan amount, the discount averages 0.6% or 2%. The bank also gives a discount of 0.6% if the client has a positive history with the bank at least 2 times.

Since we are talking about large loan amounts, the bank checks the client’s solvency as much as possible, that is, he needs to provide a salary certificate for the last 6 months. The borrower will also need a passport, an application form and permission to check the borrower’s credit history. A similar list of documents is required from his guarantors.

Please note that the bank may require additional documents depending on the individual lending conditions for each borrower separately.

Program Apartment as a gift

This loan program is designed for the purchase of housing in a building under construction or on the secondary housing market. The seller can be a developer or a legal entity or an individual. The maximum loan term is 25 years, the interest rate on the loan is floating, for the first 25 months the client pays the overnight rate multiplied by 1.5 points, but not less than 11.5% per year, starting from the 26th month, the interest rate is also 1.5 points multiplied by the overnight rate, but not less than 13.5%; maximum loan term is 25 years.

In case of a positive response to the application, the funds are transferred to the seller’s account in full; if the borrower buys housing on the secondary housing market, then in the form of a non-revolving credit line to the developer’s account if the loan is provided for the purchase of housing at the stage of its construction.

As for other loan conditions, the maximum age of the borrower is 50 years at the time of application. The minimum amount of the borrower's own investment is 20% of the value of the property. As collateral, the bank offers a guarantee from individuals, plus a pledge of the purchased property. The maximum loan amount will be calculated depending on the borrower's earnings. As part of this program, the borrower will be required to provide a complete package of documents.

Apartment program from partners

Belinvestbank cooperates with several development companies in the Republic of Belarus, these include:

• LLC "Company Architect";
• Strominvest;
• TENKinvest;
• Zubr and K
• Zhilstroy, etc.

Here, the terms of cooperation are strictly individual, the interest rate ranges from 9.9% per year and above, loan terms from 20 to 25 years. The down payment amount is from 10% and above. Individuals can act as guarantors, plus the purchased housing serves as security.

Construction of residential real estate using subsidies

A Belinvestbank loan for housing construction is provided using a subsidy within the framework of Decree No. 240 of 07/04/2017. According to the terms of the loan, the loan amount depends on the value of the property being purchased, the interest rate is fixed, it is the refinancing rate + 4 points. The loan is provided only for participation in shared construction, that is, the loan funds are transferred to the developer’s account in the form of a non-renewable credit line.

Now it’s worth understanding what the essence of the housing loan subsidy program is. In fact, within the framework of the decree of the President of the Republic of Belarus, the loan is provided subject to certain conditions:

1. Citizens who are registered as needing to improve their housing conditions, in respect of whom the authorized bodies have accepted the decision to provide a subsidy to pay part of the interest or the amount of the principal debt, can receive a loan.
2. You can take out a housing loan only for the purchase of an apartment in an apartment building or the construction of an individual residential building.
3. The maximum loan size depends on the borrower's solvency and cannot exceed the average cost of residential premises established by the Executive Committee.
4. The bank allows the use of individuals as collateral.
5. The purchased housing is pledged to the bank until the borrower has fully fulfilled the loan obligations.
6. The minimum down payment is 10%, which is paid by the borrower from his own funds.

Please note that as part of this proposal, the borrower will be required to provide a full set of documents, plus an extract from the Executive Committee’s decision to provide a subsidy.

To summarize, you can undoubtedly take out a housing loan from Belinvestbank, but you should pay attention to the interest rates. If we talk about the profitability of mortgage loans in the Republic of Belarus, then, given the annual interest rate, such loans can hardly be considered profitable and appropriate for the borrower. But the problem is that the refinancing rate of the National Bank of Belarus is too high, which is why the annual interest on loans is quite high.

To purchase their own living space, it is easier for a citizen with an average income to use the services of credit institutions.

At Belinvestbank, loans for the purchase of housing are available under several programs, including preferential ones for people on a waiting list to improve their housing conditions.

To purchase an apartment or house, Belinvestbank clients can take advantage of several targeted offers:

This program allows clients to obtain a cash loan for the purchase or construction of residential and other real estate under the following conditions:

• Amount – up to 90% of the appraised value of the property (within the limits of the borrower’s creditworthiness).
• Duration – up to 20 years.
• The rate is 14.9%.
• Down payment – ​​from 10%.

The application is reviewed by the bank within 10 working days. According to the terms of the loan agreement, early repayment of debt without paying a penalty is allowed.

2. Apartments from a partner

This offer is for clients who are ready to purchase real estate directly through a developer cooperating with Belinvestbank. In this case, the terms of the loan depend on the choice of the partner, as well as on the desired amount and term of the loan. All provisions of the agreement are developed individually for each borrower.

You can view the list of companies on the bank’s official website in the section with the selected lending program. It also specifies the conditions under which the bank issues a loan in cooperation with a specific organization. Today, the choice of developers is limited to Minsk, Minsk and Mogilev regions.

This program is designed specifically for participants in the state program to improve housing conditions. Loans for clients in the queue are issued on the following terms:

• Amount – from 500 rubles to 100% of the cost of building a house (within the borrower’s creditworthiness).
• Duration – up to 20 years.
• Rate – 13%.
• Security – pledge, surety of individuals.

The application is reviewed within 3 working days.

As a guarantee for the bank, clients are invited to attract guarantors before the facility is put into operation. Only after all the documents for the house are completed, it is transferred as collateral to the lender until the obligations under the contract are fulfilled.

Requirements for the borrower

Belinvestbank puts forward standard requirements for its clients. The organization is ready to cooperate with capable citizens of the Republic of Belarus who, at the time of filling out the application, have a total work experience of at least 1 year and at least 6 months of experience at their current place of work.

Required documents

Belinvestbank issues loans for the purchase of housing in 2018 upon presentation of the following documents:

The list is supplemented with documents at the request of the bank, for example, the following may be requested:

• information about the housing that is planned to be purchased with borrowed funds;
• documents for a land plot for the construction of a house and other real estate;
• confirmation of participation in the program to improve housing conditions;
• consent of the spouse to transfer real estate as collateral and others.

The final list of required documentation will be provided to the client in the structural unit of the bank where the loan agreement will be concluded.

To receive detailed advice on Belinvestbank products, you can fill out an online loan application on the official website of the institution. During the working day, the manager will call you back and answer all your questions or invite you to the nearest branch to fill out a detailed application form for a loan.

Alternative options

Other banks

In addition, the borrower can obtain a mortgage from another financial institution. Let's consider the main options and proposals.

Methods of obtaining: Mortgage from Tinkoff Bank up to 25 years term from 6% to 14.5% per year interest rate up to 100,000,000 rubles loan amount from 10% to 40% an initial fee 15 minutes application review time Go Methods of obtaining: Selection of a mortgage loan through Beregu.Ru up to 25 years term from add per year interest rate up to 20,000,000 rubles loan amount from 0% to 80% an initial fee 15 minutes application review time Go

MFO

In addition, the borrower can apply for a loan from a microfinance organization, where funds can be obtained only by providing documents confirming the client’s identity. Getting a loan from such an organization is quite easy; sometimes you don’t even need to provide collateral.

Methods of obtaining: 3-336 days period up to 98,000 rubles 1st loan up to 98,000 rubles re-loan from 0.16% to 2.1% per day rate for new clients 4 minutes application review time Go Methods of obtaining: 1-30 days period up to 10,000 rubles 1st loan up to 15,000 rubles re-loan 2.24% per day rate for new clients 15 minutes application review time Go Methods of obtaining: 7-21 days period up to 30,000 rubles 1st loan up to 30,000 rubles re-loan from 0% to 2.1% per day rate for new clients 10 minutes application review time Go