Mortgage for the construction of a private house in VTB 24

Owning a home is the dream of many citizens. However, not everyone can afford such expenses. Mortgage lending in this area is gaining momentum, but it is still difficult to find a banking structure with such a proposal. A mortgage for the construction of a private house from VTB 24 is a demanded request from clients of this financial and credit institution. It is worth considering the proposed options and their features.

Home purchase programs at VTB 24

The institution has a wide selection of mortgage products. Market coverage is second only to Sberbank, which has long taken a leading position in the provision of financial services to the population. However, VTB 24 offers the following:

Acquisition of an apartment in a new building;
Secondary real estate market;
Refinancing a mortgage loan;
Cooperation with government programs to provide assistance to specific groups of citizens.

Is it possible to take out a loan for the construction of a private house

The variety of proposals does not include a mortgage for the construction of a private house. This direction is not supported by the bank for various reasons. First of all, this decision is caused by the main principle of mortgage lending: property acquired with bank funds is a pledge. That is, the client buys a ready-made apartment.

A mortgage for the construction of a private house implies that the house will be in the process of creation for a long time and does not represent a real collateral value.

The terms of the mortgage for a private house VTB 24 do not even provide for the presence of other collateral. Consequently, this direction has no development in the bank. Perhaps in the future this issue will be resolved, but today this is the case.

This does not mean that you have to give up the idea of building your own home. A citizen can apply to another banking structure that offers similar services. It should be borne in mind that all banks are skeptical about this direction of lending. A mortgage for the construction of a private house has high risks and strict conditions, which vary depending on the structure chosen.

It is important for the bank to receive constant profit, for this reason it is more profitable to accredit real estate in new buildings with its subsequent sale. In case of serious financial problems with the client and termination of the contract, the organization will receive back the apartment, which can be quickly put into circulation in the secondary market. Thus, a mortgage for the construction of a private house is less profitable.

Consumer loan conditions

By offering clients a wide range of financial services, the bank simplifies the task of solving this problem. If a client cannot apply to another institution, since he receives a salary at VTB 24 / is a regular user of a plastic card, then there is one option.

The mortgage for the construction of a private house VTB 24 can be replaced by another program. This is a Large consumer loan. It is this proposal that should be considered more closely. Especially if the citizen has been cooperating with the bank for a long time. This program offers:

Consumer loan from 400 thousand to 3 million rubles;
For regular customers, the maximum limit has been expanded to 5 million rubles;
A fixed rate of 16.5%, for participants who receive salaries at VTB 24, this figure is reduced by half a percent relative to general conditions;
Terms - from 6 to 60 months.

According to some indicators, such an offer looks more profitable than a mortgage for the construction of a private house. For example, the client does not need to indicate what exactly the money was spent on, since the loan is a consumer loan.

It is worth paying attention to the amount - if possible, get approval for 3-5 million rubles, this money will be quite enough for the acquisition of land and the construction of a house.

Registration is carried out at the bank branch. You can get a preliminary answer on the website by filling out an online form. You will need to submit documents of the following plan:

Certificate confirming the profitability of the borrower;
The passport;
A copy of the work book if the loan amount exceeds 500 thousand rubles.

Conclusion

This list is general and may require additional help. This issue is resolved on an individual basis. Thus, there is no mortgage for the construction of a VTB 24 house as a whole, but you can use other offers. Particularly noteworthy is the Large consumer loan program, when considering the terms of which, it may turn out to be even more profitable than a mortgage loan.