One of the largest and most reliable banks in Russia is VTB. In 2021, the bank offers its clients many interesting mortgage programs. The main advantage of VTB is the honesty of its internal policies. There is no practice of charging hidden commissions, the conditions are transparent, and over time the client will not discover any unpleasant nuances.
With the help of a mortgage from VTB Bank in 2021, individuals can improve their living conditions and quickly purchase their own apartment. The credit institution offers clients several programs with favorable conditions. You can use VTB Bank’s mortgage calculator yourself to calculate the amount of monthly payments. The program involves real estate of primary and secondary stock.
Mortgage at VTB Bank
The commercial organization was founded in 1990. In terms of authorized capital, VTB Bank occupies a leading position in Russia, and second in terms of assets. In 2021, the organization merged with its subsidiary bank VTB24. More than 60% of shares belong to the state.
The process of issuing loans for the purchase of secondary housing is regulated by the Civil Code of Russia. It displays the conditions for purchasing real estate and obligations (on the part of the lender and borrower). The relationship between the two parties is prescribed in law No. 102 “On Mortgage”.
The financial institution offers its clients several mortgage programs through which individuals can improve their living conditions. At VTB Bank you can refinance a mortgage taken out from another bank.
Popular home loan programs:
- Mortgage with state support.
- Purchasing secondary housing.
- Purchasing apartments in a new building.
- Refinancing of existing loans.
Mortgage loans from VTB Bank can be obtained in almost all cities of Russia. In addition to housing lending, the organization offers clients the opportunity to invest money profitably by investing it in bonds or mutual funds (UIF). Securities can be purchased by any individual.
Mortgage with state support at VTB
VTB Bank issues preferential mortgage loans as part of the state program to support families with children. The preferential rate is valid for the entire loan term.
If you have several children and at least one of them was born between 01/01/2018 and 12/31/2022 inclusive, or you have a child classified as a “disabled child” born no later than 12/31/2022, even if he is an only child, you you can take part in the program. Please note that real estate and the intended use of the loan must comply with the requirements reflected in Decree of the Government of the Russian Federation of December 30, 2017 N 1711.
If you already have a mortgage with VTB or another bank, subject to the terms of the program, you can also receive new conditions and reduce the interest rate to 5% per annum (subject to personal and property insurance) for the entire term of the loan.
- To do this, use the Mortgage Refinancing program with state support.
- For VTB clients with two or more children, if at least one of them was born between 01/01/2018 and 12/31/2022, who previously took out a mortgage under the Mortgage with state support program, but on the “old” conditions, as well as for the Ready Housing program , Housing under construction and Refinancing, the “Additional Agreement” service for changing conditions is available. Contact the call center or any Bank office.
Interest rates and mortgage terms with state support
- Rate - 5%;
- Personal and property insurance;
- Loan term - from 1 year to 30 years;
- It is possible to refinance previously issued mortgage loans if the program conditions are met.
- Amount of credit:
- for residential premises located in Moscow - from 1.5 million to 12 million rubles;
- for residential premises located in the Moscow region, St. Petersburg - from 1 million to 12 million rubles;
- for residential premises located in the Leningrad region. — from 500 thousand to 12 million rubles;
- for residential premises located in other regions - from 500-600 thousand (depending on the region) to 6 million rubles.
Down payment of 15% of the value of the purchased property
Purchased property:
Residential premises sold by a legal entity (except for an investment fund, including its management company) under an agreement:
- shared participation in shared construction (agreement on the assignment of rights of claim under the specified agreement);
- purchases and sales (first sale).
For the Far Eastern Federal District, the loan is provided for purchases on the secondary market from individuals. persons or legal entities persons of ready-made residential premises or ready-made residential premises with a land plot, located in rural settlements.
To the Borrower
- It is not necessary to have permanent registration in the region in which the client applies for a loan.
- Various forms of income confirmation are considered (certificates in form 2-NDFL and in bank form).
- It is possible to take into account the total income of up to 3 co-borrowers.
- It is possible to record income both from your main place of work and from a part-time job.
- Citizenship of the borrower, guarantor and children: Russian Federation.
Stages of obtaining a loan
Standard steps for applying for a mortgage loan:
- Apply at a bank office or online.
- Collecting a package of documents and transferring them to the bank.
- Waiting for a decision.
- Selecting suitable housing, checking the “purity” of the transaction by the bank.
- Home appraisal by an insurance company.
- Signing a mortgage agreement and a purchase and sale agreement.
- Transfer of money to the home seller.
- Registration of the transaction, registration of housing ownership, signing of the mortgage.
- Home insurance.
The purchased housing is registered as the property of the borrower simultaneously with the registration of a mortgage on the housing. The mortgage is transferred to the bank until the borrowed funds are fully repaid.
Mortgage for secondary housing at VTB
Mortgage at VTB Bank is a banking product aimed at improving the living conditions of citizens.
Interest rates and mortgage conditions for secondary housing
- loan amount - from 600 thousand to 60 million rubles;
- loan rate under the Mortgage program. Ready housing" - from 7.4% with a down payment of 50%;
- the base rate for the program is from 8.4%;
- loan term - up to 30 years;
- down payment - from 10% of the cost of the purchased property;
- comprehensive insurance.
To the borrower:
- permanent registration in the region in which the client applies for a loan is not necessary;
- various forms of income confirmation are considered (certificates in form 2-NDFL and in the bank form);
- It is possible to take into account the total income of up to 3 co-borrowers;
- It is possible to record income both from the main place of work and from a part-time job.
Before applying for a VTB Bank mortgage, experts recommend familiarizing yourself with the borrower’s obligations in advance. There are several ways to learn more about mortgage terms:
- visit a bank branch;
- call the hotline;
- go to the official website.
When purchasing a secondary home through a VTB Bank mortgage, the client must pay attention to a number of factors:
- degree of wear and tear of the building;
- availability of communications (heating, water and electricity supply, sewerage);
- no arrest, fines or debts for utilities.
Mortgages from VTB Bank are available to almost all categories of citizens of the Russian Federation. The following types of secondary real estate participate in the program:
- apartments;
- cottages;
- townhouses.
Taking into account insurance as a mandatory condition of mortgage lending, interest rates may vary. If the client owns more than 50% of the total value of the property, then VTB Bank’s annual fee will be 8.4%. Base interest rates:
- 8.9% - for holders of salary cards under the “People of Action” program;
- 9.1% - to borrowers participating in the “People of Action” program;
- 8.9% - for salary card holders;
- 9.4% - for individuals who are not clients of VTB Bank.
If the client does not have half the amount of the total cost of the apartment, then the interest rate on the VTB mortgage will increase by 0.7%.
Loan programs for the purchase of secondary housing
| Purpose of lending | Bid | Loan amount, ₽ | Down payment | |
| Victory over formalities | Mortgage without proof of income on 2 documents | from 8.4% | up to 30 million | from 20% |
| More meters - lower rate | A program that allows you to purchase a larger property for the same money | from 7.9% | up to 60 million | from 20% |
Loan programs for the purchase of a residential building
Rates subject to comprehensive insurance:
- from 8% with down payment from 50%
- from 9% with down payment from 40%
- from 8.7% with a down payment of 40% for VTB salary clients;
| Purpose of lending | Bid | Credit term | Down payment | |
| Victory over formalities | Mortgage without proof of income on 2 documents | from 8% | up to 20 years | from 60% |
Mortgage for the purchase of a new building at VTB
Apartments in a new building can be purchased thanks to the Primary Housing program. The cost of real estate of this type is lower, which is due to the lack of renovation - developers sell apartments with rough finishing. A VTB mortgage is issued using several documents; you can apply online.
| Purpose of lending | Bid | Loan amount, ₽ | Down payment | |
| Victory over formalities | Mortgage without proof of income on 2 documents | from 8.4% | up to 30 million | from 20% |
| More meters - lower rate | A program that allows you to purchase a larger property for the same money | from 7.9% | up to 60 million | from 20% |
A mortgage from VTB Bank for the purchase of an apartment in a new building is issued for a period of up to 30 years. If a borrower purchases an apartment with a mortgage in a rented house, then it is necessary to check the selected property in advance for ownership rights. If they are not completed, then you can proceed with the transaction.
Interest rates and mortgage conditions for a new building
- loan amount - from 600 thousand to 60 million rubles;
- loan rate under the Mortgage program. Housing under construction" - from 7.4% with a down payment of 50%;
- the base rate for the program is from 8.4%;
- loan term - up to 30 years;
- down payment - from 10%* of the cost of the purchased property;
- comprehensive insurance.
To the borrower:
- permanent registration in the region in which the client applies for a loan is not necessary;
- various forms of income confirmation are considered (certificates in form 2-NDFL and in the bank form);
- It is possible to take into account the total income of up to 3 co-borrowers;
- It is possible to record income both from the main place of work and from a part-time job.
VTB mortgage insurance is a mandatory condition. If the client does not refuse the complex service, the bank reduces interest rates. The property insurance contract specifies cases in which the company undertakes to compensate for damage to VTB Bank and the borrower. It is necessary to sign a contract with accredited insurance companies. Comprehensive mortgage insurance includes several services.
The essence of mortgage lending from VTB
This banking product has many advantages, thanks to which the customer base is constantly expanding:
- The mortgage is issued as quickly as possible. There is no additional fee for speed.
- It is possible to obtain a mortgage without providing a certificate of income.
- Special lending conditions apply to employees of municipal organizations and government agencies.
- When purchasing housing in a new building and on the secondary market, interest rates are set at the same level.
- Mortgages are issued for various types of residential real estate
- An approved application is valid for four months.
- Registration is not required in the region where the mortgage is issued at the VTB Bank branch.
If we compare other participants in the financial market, the interest rate at VTB is set at an average level. When repaying a debt, payments may be made in equal installments.
Mortgage refinancing at VTB in 2021
VTB mortgage refinancing refers to the refinancing of a loan taken from another bank.
Favorable conditions of a financial institution allow you to switch to an annuity and reduce the loan term. You can obtain permission for restructuring by filling out an application on the bank’s website. Before entering personal data in the appropriate fields, you need to find out the approximate amount of monthly payments - VTB Bank's mortgage calculator automatically calculates it.
When refinancing a VTB mortgage, the loan is issued in rubles. The maximum term is up to 30 years; if the client applies for a loan using two documents, then the lending period is 20 years. The maximum amount is 30 million.
Large loans can be refinanced against real estate. VTB also reduced rates for refinancing military mortgages. Clients, taking advantage of the offer of a financial institution, will be able to reduce overpayments.
Rates:
- 7.9% - when registering in the client’s personal account
- 8% - for salary clients of VTB Bank
- 8.2% - base rate
- +0.5% - to the rate if the loan amount is more than 80% of the property value
Loan amount up to 30 million rubles, but not more than 90% of the market value of the apartment Loan term up to 30 years, without proof of income - up to 20 years
Insurance for mortgage refinancing at VTB:
- real estate insurance: required
- life and disability insurance: optional
- Loss of title insurance for secondary homes: optional for the first 3 years after purchase
Real estate:
- new building or secondary housing
- if the new house has not yet been put into operation, it must be accredited by VTB
Refinanced mortgage:
- in rubles
- issued 6 months ago or earlier
- no overdue debt
VTB mortgage refinancing conditions are completely transparent. If the client’s solvency is not high enough, he can attract several people as co-borrowers (spouses, adult children and other close relatives). A VTB Bank mortgage loan is subject to mandatory comprehensive insurance. The contract must be concluded with insurance companies verified by the bank.
Is it possible to take existing housing as collateral: conditions for a loan
VTB issues loans secured by existing housing - an apartment in an apartment building. In this case, you can avoid paying a down payment. The mortgaged apartment may be owned by both the borrower and the spouse or members of his family.
Conditions for the loan:
- term up to 20 years;
- rates from 11.1% per annum in rubles;
- the maximum amount for a non-targeted loan is up to 15 million rubles;
- no down payment required.
The loan amount can be no more than 50% of the value of the mortgaged property. Non-targeted loans are among the most expensive for mortgage borrowers. Another disadvantage is that there may not be enough money to buy a home. It is worth taking out such a loan only if you already have a large amount of savings or if you plan to buy a land plot for individual housing construction, which the bank refused to take as collateral.
What percentage of the value can the borrower receive?
For borrowers who decide to take out a bank loan secured by existing real estate, standard requirements are provided. They must be able-bodied, have a stable income and a normal credit history. You can get up to 50% of the value of the property on credit.
It must first be assessed by a professional appraiser, and a full set of documents must be provided to the bank, including a technical passport and an extract from the Unified State Register.
