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?
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
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
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.