Bank mortgage interest rates. Which bank is more profitable to take a mortgage

20.10.2019

The problem of providing housing for everyone is still acute in the state. The construction of new housing of different price categories and classes is constantly underway. However, the income of most Russians does not allow them to purchase square meters in a short time, so they must turn to credit organizations for help. In which bank it is better to take a mortgage in Moscow, everyone decides for himself after a thorough study of information on interest rates and terms for granting loans for housing.

How to choose the right bank for mortgage lending

To begin with, it should be said that there are no uniform conditions for housing loans, therefore, exact information should be clarified with each banking organization separately. Mortgage is a type of lending, the essence of which is the pledge of acquired residential property. The "legal cleanliness" of the property will definitely be checked, because housing loans are issued for the purchase of squares not only in new buildings, but also in the secondary market.

Before you decide which bank is best to take a mortgage, you should find out if it cooperates with any construction organizations, because then the buyer is provided with additional discounts and bonuses. Promotions may involve a reduction in the basic interest rate or an increase in the payment period, and maybe even a minimum down payment. Not bad if a co-borrower can be included in the total income.

Mortgage rates

Interest on housing loans depends on the term of the loan, the amount of the down payment and the value of the property. In addition, attention is paid to the currency of the loan, although recently they are trying to issue only ruble loans due to the high risks of non-repayment of money due to the growth of foreign exchange rates. All mortgage rates can be divided into three types.

Fixed rate loans are the most common, and for good reason. Firstly, the borrower always knows how much he needs to repay, and secondly, the interest does not depend on the economic situation in the country. Loans with a floating value are set with reference to some specific parameter, for example, a key (base) rate. They have not gained popularity in Russian mortgage lending, as there is uncertainty about the cost of a loan in long term.

Mortgages with a mixed rate are widespread. Its essence lies in the fact that a banking organization exposes a percentage for using a housing loan, part of which is constant, and the second depends on certain indicators. For example, it can be the exchange rate of the national currency, the inflation rate or the weighted average rate on bank loans.

Insurance of the object of crediting and additional commissions

Additional security in the form of insurance of the acquired property and/or life of the borrower is of great importance for the bank when issuing mortgage products. Thanks to this, he can be sure of reimbursement of expenses incurred in case of force majeure. For the insured borrower, there is a bonus in the form of a reduced interest rate.

Down payment amount

Each bank has different requirements for the borrower's own funds. As a rule, a minimum threshold is set, and the maximum value is not specified. There are offers on the market with a zero down payment requirement, but this is found only in special lending programs. According to experts, in the current situation, payment above 30%, and better than 50%, with a loan term of up to 10 years, is considered optimal. According to the final overpayment, this approach is considered the most effective.

Delivery time

Grant period housing loan- this is what distinguishes mortgages from other types of consumer lending, such as Loko Bank, where you can take a loan for any purpose, including the purchase of housing, for 5-7 years. Most mortgage offers are limited to an average of 20-25 years, but this bar also depends on the age of the borrower, who must pay the last installment before he reaches a certain number of years. It is important to know that the longer the period, the greater the amount of the overpayment, but the monthly payments themselves are smaller.

Interest scheme

You will have to pay money to use the loan. When concluding an agreement, bank employees must provide the borrower with a payment schedule. There are two ways to pay interest. The first of these is annuity payments. They are calculated according to a special formula. Thanks to this, the monthly payment has a fixed figure. Another type of payment of remuneration is the calculation of interest on the balance of the debt. The disadvantage of such a system is a large amount of initial contributions, which is unprofitable for long-term loans and large amounts of borrowing.

Where is the best place to get a mortgage?

Mortgage lending gives citizens the opportunity to purchase housing in the secondary and primary markets. At the stage of deciding which bank is better to take a mortgage, it makes sense to analyze the offers of construction companies and realtors, because sometimes you can buy a good small apartment in a developed area at the price of housing in a new building on the outskirts of the city. Do not forget that the borrower must have a source of regular income, otherwise the issue may be denied.

For the purchase of housing in the primary market

Purchase of apartments in new buildings different stages readiness is offered to clients by a number of organizations. When choosing, you need to understand that the cost of an apartment at the “pit” stage is cheaper than the price of a square in a house ready for occupancy. In order to make it easier to decide in which bank to take a mortgage, you can pay attention to the following suggestions:

"New building with state support" from Binbank. You can take 300,000–20,000,000 rubles to residents of Moscow and the region. Rates are available and start from 9.50%. Using maternity capital the minimum down payment will be 10%, in all other cases - 20%. The term of the mortgage is 3-30 years. Documents are reviewed within 1-3 business days.
"Purchase of housing in the primary market" from VTB24. You can buy real estate under construction at a rate of 10.7%, and the loan amount is from 600,000 to 60,000,000 rubles. The maximum loan term is 30 years, and the down payment is only 10% of the value of the original home. Comprehensive insurance is a prerequisite.
Uralsib "Mortgage lending for the purchase of housing under construction." It is proposed for a period of up to 25 years to take on the security of real estate from 300,000 to 50,000,000 rubles. The rate is from 10.4% with own participation from 10%.

For secondary housing

If there is no time to wait for a house to be built, but you really want to have real estate in a certain area, a mortgage in the secondary market will come to the rescue, with which you can buy not only apartments, but also finished houses. Here are some current offers on the credit market:

Sberbank "Acquisition of finished housing". Up to 80% of the appraised value of the purchased housing is credited. A loan can be taken at a rate of 9.5% for up to 30 years. A prerequisite is the additional insurance of the purchased property. Sberbank offers a loan for all categories of the population.
"A loan for the purchase of an apartment in the secondary market" from the Russian Agricultural Bank. The minimum down payment depends on the type of property and is 15-30%. The maximum amount is 3,000,000 rubles with a rate of 9.50% up to 30 years.
Raiffeisenbank "Apartment on the secondary market". It is proposed to take a mortgage to persons with a good credit history up to 26,000,000 at a rate of 10.99%. The minimum down payment is 15%, and maximum term lending - 25 years.

Which bank is better to take a mortgage

When choosing where it is better to take a mortgage, it is important to pay attention to the offers of banking structures for certain categories of borrowers. By taking advantage of special offers, such as Novostroyka, a mortgage with state support from Gazprombank, you can save a lot. It is important to understand that every percentage that you can reduce the rate by can eventually turn into a large amount.

For a young family

The state comprehensively supports young families in their desire to acquire their own square meters, providing subsidies and offering favorable conditions in cooperation with banks. Below you can see the offers for this category of citizens:

With government support

Housing built with the help of government programs, as a rule, has consumer qualities, so its cost is affordable for many. It is being built with the help of the Agency for Housing Mortgage Lending (AHML), which is an intermediary between the needy and banks, making loans more affordable. You can take a look at the rating below:

For social categories of citizens

For certain categories of citizens, banking institutions offer relatively cheap mortgages - at reduced interest rates. This applies to public sector employees - doctors, teachers, young and low-income families, and the elderly. Young specialists and scientists can also take such a loan. There are special offers for them:

Military

There is a separate category of banks that provide loans for the purchase of real estate for military personnel. Lending is carried out thanks to a special savings account, where the state deducts a certain amount every month. Financial institutions are willing to lend to this category of citizens, since the state is the guarantor of the return. Here are some banking organizations and interest on which you can take military mortgage:

Bank opening
Gazprombank
Svyazbank

Sberbank

For payroll clients

receiving wages and payments equivalent to it in a certain banking institution, the client has the right to count on preferential offers, which include mortgage lending. The table below shows some of the offers of banks for their regular customers:

Which banks offer the lowest interest

Compared with abroad, where you can take housing loans at a rate lower than 3%, then in Moscow, and throughout Russia, according to the statistics of 2016-2017. interest is not so profitable, although among the entire list you can find very interesting offers with a relatively low rate. However, in addition to this value, it should be taken into account whether the bank has additional commissions and payments. Below is :

With a minimum down payment

When choosing from which bank it is easier to take a mortgage, it is important to pay attention to the down payment. The interest rate can directly depend on the amount of your own money, but, on the other hand, you can always find a bank with which you can become a homeowner with a minimum amount on hand. Here is a list of banking organizations that issue mortgages with small own funds:

The most profitable mortgage loan in Moscow

Those wishing to purchase housing in the capital, including New Moscow, have plenty to choose from. They offer apartments in high-rise buildings, penthouses, apartments. Affordable mortgages in Moscow banks are not a myth, but quite a reality. The main thing is to take the time to study offers from banks to calculate upcoming payments on a loan calculator and choose suitable option. Here are some worthy offers to consider:

"The mortgage is calling!" from Unicredit Bank helps to buy an apartment in the secondary real estate market at a rate of 10.20% per annum with an initial payment of 15%. Suitable for everyone who wants to improve their living conditions. Pros - you can get a loan without additional fees. Minus - a mandatory appraisal of the apartment.
Promsvyazbank Novostroyka. Up to 30,000,000 rubles can be taken at a rate of 10.9% per annum. The loan term reaches 25 years with a down payment of 10%. Mortgagesuitable for anyone who wants to build new apartment, including for owners of maternity capital. The main advantage is the fixed rate for the period of the loan.

Deciding to get a mortgage is one of those decisions that can affect your entire life. Positively or negatively - it all depends on how balanced and thoughtful your decision will be regarding how convenient it will be for you to make monthly loan payments. Therefore, it is recommended to always look for low interest on a mortgage, without lowering the quality of services provided by the lender. But how is it right to do this with such a variety of proposals in the primary and secondary lending markets? Read more about this in our review.

Where to get a low interest mortgage

So you've made the decision to take out a mortgage. Now you have to choose the bank with the most favorable financial conditions and the lowest interest rate on the loan. Absolutely all borrowers are looking for such conditions, because no one wants to overpay in vain. But here it should be borne in mind that banks can often reduce the quality of the services provided so as not to lose money. Also, banks may deliberately provide under "special promotional programs" real estate with obviously worse living conditions than those available in standard offers at a higher interest rate. Therefore, try to borrow only from reliable, trusted lenders to avoid the risk of being defrauded of a large amount.

In case low mortgage interest is your priority, we will consider all current Russian mortgage programs.

Which bank has the lowest mortgage interest in 2018

Let's get acquainted with the list of promising Russian banks, where mortgage interest rates are the lowest, thanks to their current offers and development strategies for 2018:

Gazprombank: “Mortgage in a house under construction (Gazprombank Invest);
Tinkoff Bank: mortgage mediation;
Raiffeisen Bank: "Apartment in a new building";
Deltacredit: "Apartment or share";
VTB Bank of Moscow: "New buildings";
Moscow Credit Bank: "Credit for one document."

It is with these banks that it is recommended to cooperate on issues of mortgage financing of the population in 2018. True, it is important to remember that the bank may refuse due to poor credit history from the borrower, so it is first recommended to check the debts in banks. All about how to do it

The lowest mortgage interest 2018 for secondary housing

If for some reason the conditions offered on the primary real estate market do not suit you, then you can always use the services of the secondary market. In this market, the limits of the minimum-maximum interest rates are wider and the housing prices are lower. A secondary mortgage at the lowest interest rate can be purchased now in the following banks:

DeltaCredit: from 10.75%;
Tinkoff Bank: from 10.75%;
Slavia: from 10.75%;
RaiffeisenBank: from 11.5%;
Gazprombank: from 11.5%.

The conditions offered by these banks differ from each other and can change frequently, therefore it is recommended to consult the bank employees separately for your specific case. However, your visit to the bank will be much more effective if you make it after consulting with a realtor.

Where to get a mortgage at a low interest rate without a down payment

AT last years significantly reduced the number of financial institutions providing loans for the purchase of housing without a down payment. All significant banks for the economy of the Russian Federation completely refused to provide loans for housing without the borrower paying a down payment. Today, only small financial institutions offer mortgage loans with no down payment. However, they do this on unfavorable terms for the borrower, which they offer.

However, there is still a way to do this on fairly favorable terms. In order to take a mortgage without a down payment, you must be in one of the following preferential social groups:

Employees of budgetary organizations;
Military personnel;
Russian Railways employees;
Large families;
For young families.

most advantageous social group to obtain a loan for real estate on favorable terms is just the latter. Let's consider it in more detail, since it is the most accessible for the population of the Russian Federation.

Mortgage for a young family

If you are going to start a family or have already started one and you are not yet 35 years old, then you fall under the conditions of the state social benefit program. In this case, you will be able to take out a mortgage at a low interest rate and with much more favorable terms, designed exclusively for young families. To date, this is the most popular and most profitable option for lending for the purchase of real estate. According to its terms, the bank can pay you from 35% to 40% of the total cost of the purchased housing. Also, under the terms of the state social program, you will be able to take “credit holidays” in case of the birth of children or the loss of the main source of income by the head of the family.

Before taking mortgage for an apartment, you should figure out what a mortgage is, what are its features and design parameters. Mortgage is a form of collateral in which the mortgaged property is located in the personal property of the borrower. If the debtor fails to comply with its obligations, the creditor has the right to compensate for its damage by selling this property. That is why, in order to eliminate any misunderstandings, it is first recommended that you carefully read the terms of mortgage lending, the procedure for applying for a loan, and also study the nuances of the subsequent payment of debt. Today we will talk about how it is profitable to take a mortgage on an apartment.

Bank mortgage options

There are several options for mortgage borrowing, namely:

Making a targeted loan for the purchase of housing is the most popular type of mortgage lending. In this case, the banking structure issues a certain amount Money for the purchase of housing, provided that the acquired immovable object remains the property collateral.
Arrangement of non-targeted credit. Issuance of funds secured by property that the borrower already owns. The debtor has the right to dispose of the money received at his discretion.
Registration of a mortgage for the purchase of suburban real estate.
Program social credit. It should be noted that this includes a whole list of projects, among which the most popular is a mortgage for young people. It is possible to determine which of the specific programs is the most suitable and profitable by conducting comparative analysis their main parameters. In turn, the main criteria for loan analysis are: the maximum amount of the loan amount, the minimum amount of the initial payment, the interest rate, the loan period, the commission.

Today, most of the banking structures are engaged in the provision of mortgages, the conditions and features of lending to which are fundamentally different from each other. You can study this information directly at the bank branch or on its official website.

Our lawyers know The answer to your question

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Features of a mortgage loan

As a rule, registration of a bank mortgage involves the passage of the following procedure by the borrower:

Collection of the necessary documentation for the subsequent assessment and decision-making regarding the issuance of a mortgage. This stage is based on an assessment of the client's solvency. The accuracy of the information provided is also checked and the maximum loan amount is calculated.
Competent selection of the object of credit. Borrower has full right choose an apartment even before the bank makes a proper decision, or even after that. In the first case, a preliminary agreement is drawn up with the seller of real estate regarding the priority right to buy out real estate. The lender, represented by a banking institution, considers the amount of the loan, detailed analysis the value of real estate, the level of solvency of the borrower and determines the amount of the initial payment. In the second case, the bank reports the loan amount that it is able to provide to the borrower. The latter, selects a suitable option for real estate.
An appraisal of the value of real estate is carried out. As a rule, such a procedure is provided by an appropriate specialist - an appraiser.
A contract of sale is drawn up between the seller and the borrower. In parallel with this procedure, a bank loan agreement is concluded. In accordance with the signed contract, the property becomes the collateral for the mortgage loan.
The borrower makes all settlements with the buyer directly in the presence of a bank representative.
The final stage is real estate and life insurance of the borrower.

After a phased passage of all procedures, the housing becomes the property of the debtor, however, his rights are still limited. For example, if you need to sell property, you will first need to obtain the consent of the bank. To register a residence permit for any of the persons, an official permission from a financial institution is also required.

In the process of searching for the best housing option, you should initially decide on the real estate market in the region of interest. Making a mortgage on a new building is not the cheapest pleasure. Moreover, it has some restrictions, for example, a financial institution can provide loans for apartments only in the houses of specific developers. In the case of purchasing real estate on the secondary market, it is important to make sure that the seller of the property is ready to conclude a deal through the execution of a mortgage sale and purchase agreement.

To find suitable housing, you can use the services of a realtor or mortgage broker. In this case, the price for his services will vary from about 0.5 to 1.5% of the total value of the property. In some cases, resorting to the services of a realtor is very appropriate, since the client can be sure of the legal purity of the transaction. In addition, the real estate search procedure will be greatly simplified.

After the housing is selected, it is necessary to take a report on its value from an independent expert. This document is submitted to a banking institution, and the latter makes a decision regarding the issuance of a mortgage loan.

at the time of execution of the contract, it is preferable to choose a differentiated debt repayment system (of course, if this is possible). Only in this way will tax collections be significantly reduced. In addition, the main advantage of a differentiated system is the regular reduction in the amount of payments, as well as the possibility of full early repayment of the loan debt;
the insurance service should be carried out independently, since the banking institution will require 2% per year of the total amount of the deposit for insurance;
it is recommended to apply for a mortgage for a longer period - a monthly amount mandatory contribution will be much less, and if necessary, there is always the opportunity to pay the debt ahead of schedule;
subject to the reduction of existing bank rates after the direct conclusion of the contract, the borrower has the right to declare the need to reduce the current rate.

Thus, following the above recommendations, you can get a mortgage loan for the purchase of real estate with maximum benefit. The most important thing is to comply with the basic requirements and rules, as well as clearly adhere to the approved position, arguing it with legal norms.

Anyone who is going to take a home loan, counts on the opportunity at a low interest rate. But is it really possible to get such a mortgage? Sometimes banks offer promotions that lower mortgage rates. Also, payroll clients, as well as certain categories of citizens, can count on more favorable conditions.

What are the conditions for a low-interest mortgage in Moscow?

If you want to take a mortgage with a minimum overpayment, then you should consider loan programs for certain categories of citizens:

for young families;
for large families;
for the military;
for budget employees.

It is also worth paying attention to apartments in new buildings. As you know, the lowest mortgage rate is provided for housing in new buildings. A loan for secondary housing is issued at a rate of 1.5-2% higher. Low mortgage rates in Moscow are also possible with refinancing. Refinancing offered by banks is issued on more favorable terms.

You can reduce the percentage in several ways:

provide a complete package of documents;
get a loan for a short period of time;
make the highest possible down payment.

To find the best deal and find out which ones offer the lowest mortgage rates, we recommend using our website loan calculator. On the same page you can see the list of banks whose interest rate is lower than that of most credit institutions. The application can be filled out on the bank's website or at the nearest branch.

When a young family or a single person is going to take out a mortgage, they, of course, start looking for the most profitable options. And the majority will begin to choose from those banks where the lowest interest on mortgages takes place. Indeed, the interest rate plays an important role when the borrower's funds are seriously limited (and they are considered limited by default).

The total amount of loans issued as the main criterion

However, in the banking statistics itself, the determining factor is not the amount of annual interest, but the volume of loans issued in monetary terms and the number of bank borrowers. In principle, this approach is not unreasonable. If a significant number of people seek to take out a mortgage loan in this particular financial institution, then perhaps given bank actually offers the most favorable conditions. Or he has the largest variety of lending conditions.

According to data for 2015, Sberbank became the absolute leader in the list of all banks in Russia. Only in the first half of last year, he issued a huge amount of 304 billion 302 million rubles to borrowers in the mortgage sector. According to this criterion (the amount of funds issued), such a rating table can be compiled.

Name of the bank	The total amount of money issued for mortgage lending in the first decade of 2015, billion rubles
Sberbank

DeltaCredit
Bank of Moscow
Rosselkhozbank
Gazprombank
St. Petersburg
housing finance
rebirth

The number of clients - the second criterion

But does this mean that for the desired, cheap and profitable mortgage should I immediately run to Sberbank? Or then in which bank is it more profitable to take a mortgage? The fact is that the rate is far from the only criterion, and it is associated with other lending conditions. Moreover, the amount of money in itself does not say anything about the number of clients, or about their, so to speak, material status. It happens that a large amount is made up of many small mortgages (0.5-1 million rubles).

And it happens that the same amount is formed by a much smaller number of larger loans (more than 2 million rubles). Thus, if hypothetically two banks have approximately the same rating in terms of the amount of funds issued, then their clientele may be completely different. People go to one for whom a loan of 1 million rubles is the ceiling. They will not pull the purchase of a more expensive option. Those who can afford to take 2.5 million rubles from the bank go to the other. Only the first will be the majority, and the second - the minority. And the total output of the two banks will be the same.

Of course, there are no such pure segregations - any bank deals with the widest range of people. This example was given only to show how uninformative a single criterion is. Therefore, the second important criterion- is the number of bank clients in a particular segment of its activities. Sberbank has very high rates here as well.

Interest rate and terms of mortgage lending in Sberbank

The organization distributed the above-mentioned 304.302 billion rubles among 198,000 borrowers. The bank itself claims that such indicators once again proved its status as the "people's" bank of the Russian Federation. Indeed, the purchase and purchase of residential real estate in a mortgage according to statistical reports for a significant part of the population passes through this bank.

Worth Considering full list basic terms of mortgage loans in this institution. So:

The minimum loan amount is 300 thousand rubles.
The annual interest rate is from 11.4% to 13.5%.
The term of the mortgage loan is from one to 30 years.
- 20% of the cost of purchased housing.
You can borrow real estate in the secondary market and housing under construction.

For those who are not in the know. The listed conditions of bank mortgage lending are either minimal or parametric (for example, terms). And they are not related to each other. In this case, although 11.4% is the minimum rate, for a minimum loan (300 thousand rubles), the rate will be higher. If you look at the key criterion, the interest rate, then in Sberbank this is the middle peasant. There are many banks where the rate is higher. But there are many who offer a really low rate. In Sberbank, buying an apartment on credit at an annual rate of 11.5% is a rarity.

In 75% of all mortgages, this beneficiary offers 12.5% or 13%. Moreover, in practice, Sberbank has long been an unofficial branch of the Central Bank of the Russian Federation. He works closely with all government programs, and this allows you to reduce the rate. When housing is built with state participation, it is a guarantee for the bank that the developer will complete the declared project. Not without reason, when the developer is a state organization, interest rates are very low.

And when the developer is a private enterprise, the situation becomes exactly the opposite - a financial institution greatly raises annual interest on such housing under construction. In order to cover losses in case of possible bankruptcy of the developer. Most likely, Sberbank owes its first place in the rating of loans to government programs. Because there are conditions that may not suit many customers. First of all, a relatively high down payment.

Rates at some other banks

Rosselkhozbank is generally a fully state-owned financial institution. In the presented rating list, he took a place in the middle. Why did the same Sberbank bypass it so much, although the Russian Agricultural Bank also implies the purchase of a mortgage and secondary housing and housing on a turnkey basis? The point here is not only the scale of the enterprise (Sberbank has the most a large number of branches in Russia), but also at a higher interest rate.

With the best offer - a rate of 13.5%, but at the same time it applies only to short-term loans (up to 5 years) and with a large down payment (over 50%). Although this bank has offers where the down payment is only 15%, but, of course, the rate there will be high (15-17%).

A few words about Tinkoff

It is curious that there are a huge number of banks in the country that are not included in the official rating list, but at the same time have amazingly low interest rates. For example, Tinkoff Bank, where customers can take out a mortgage loan at 10.5% per annum. For Russia, this is indeed a very low rate. At the same time, according to other criteria, Tinkoff is no worse than Sberbank:

minimum loan - 300 thousand rubles;
the minimum down payment is 20%;
loan terms - from 1 year to 30 years;
cooperation of the bank with many government programs.

What's the matter? Why, then, did Tinkoff not even break through to the last line of the above table in terms of the volume of loans in the mortgage program for 2015. It is impossible to give a definite answer here. A bank is a complex financial structure. Its ups and downs are determined by a whole range of factors both in the domestic and international markets. Yes, even elementary competent advertising and PR play an important role, which makes the purchase of credit housing more tempting.

Are low interest rates good for you?

However, in this article, this is what should be said. Tinkoff may even rise in the rating list, since in the initial analysis its conditions are really quite good. However, borrowers should be aware that low interest rates are often “free cheese in a mousetrap” (and even then not completely free). For example, an additional condition may be a very large down payment (up to 75% of the value of residential property). It is clear that the Russians who are able to deposit such an amount of money at a time are a minority.

Accordingly, despite the democratic rate, such mortgage lending itself cannot be called democratic. In other cases, low annual interest may mean some kind of commission (for issuing the loan itself, for example), compulsory property insurance at the expense of the borrower, the impossibility early repayment debt and so on. Only one advice can be given here. If the client is faced with such profitable interest, he needs to sit down and very carefully re-read every word written in the contract.

Including those written in small print (especially small print!). And it is advisable to underline with a pencil those places where at least some questions arise, so that later, in order, they will be sorted out with a bank employee. Now you can make your own bank rating, but not by the volume of loans issued, but by the size of the proposed interest rates. It is worth taking a couple of dozen well-known banks for comparison.

Rating table of interest rates of different banks

Name of the bank	Minimum mortgage rate (in %)

Rosgosstrah Bank
Bank Soviet
Sobinbank

Raiffeisen Bank
Bank "Revival
Rosselkhozbank


Gazprombank
Centrkombank
Russian capital
JSCB Investtorgbank
Svyaz-Bank

Bank Zenith
Sberbank
Promsvyazbank
Absolut Bank
Bank of Moscow
Bank opening
Moscow Industrial Bank
Yugra-Standard
Rosenergobank
Bank Intercommerce
Tinkoff

Change of conditions for the last period in some banks

But even this table does not fully reflect the real state of affairs. The problem is that in recent months, some private banks have begun to introduce government programs into their activities. For example, Raiffeisen Bank has recently launched a special offer in the field of mortgage lending. It has to do with government support. As part of this offer, the bank's regular rate of 15.25% drops to 11.15%. Bank Vozrozhdenie did exactly the same thing, adding another one backed by a government program to its range of mortgage offers.

It implies the purchase of an exclusively apartment in a new building, but not with the usual 13.75%, but with 11.25%. Gazprombank has also created special projects for those borrowers who need either apartments in new buildings or townhouses. For these clients, GPB is ready to reduce the rate from 12.5% to 11% per annum.

Promsvyazbank offers low annual rates exclusively for new buildings. And the Moscow Industrial Bank agrees to 11% when turnkey apartments are taken on a mortgage. At the same time, FOR ALL more or less low rates (i.e., from 10.5% to 12%), the following approximate conditions can be indicated:

The minimum mortgage amount is determined in the region of 1.3–1.4 million rubles;
The minimum monthly payment is 27-28 thousand rubles. That is, not a single bank will, say, take a mortgage of 500 thousand rubles at 11% per annum.

Factors that determine the interest rate

So, let's sum up. Before asking the question “Which bank has the lowest annual interest rate?”, You should remember what factors affect its size.

The amount of the mortgage loan. Usually, with its growth, the rate gradually decreases, but for minimal loans, rates cannot be large either. According to statistics, the highest rates are set for mortgage loans: from 1.7 million rubles to 2 million rubles.
The amount of the initial payment. There is an unambiguous, inversely proportional relationship: the higher the contribution, the lower the rate. And vice versa.
The time for which the loan is taken. For long periods (over 15 years) rates should be moderate. For very short periods (less than 5 years) they are also low. The highest stakes are placed on the most common options - from 5 to 10 years.
Property type. The highest rates take place when housing that has not yet been built is taken into the mortgage, and the developer - private company. The participation of the state is always at least a little, but reduces the rate.
Presence/absence of a creditor bank card. If a person already has a plastic card of the organization where he is going to take a mortgage, this will greatly facilitate the whole process. After all, this is an additional guarantee. The institution will simply automatically deduct funds from the client's salary card. The level of trust is higher here, and the stakes are lower.
Small annual mortgage interest can mean a number of other obligations that the borrower will have to take on - real estate appraisal, its insurance, commissions, etc.

Knowing all these subtleties will help to accept the right decision. For after reading this material, it should become clear that among the many profitable low rates, one must also be able to choose. It is often better to stop at the offer where the rate is slightly higher. But all the conditions in general are much more profitable. The information offered here is aimed at helping a wide range of people to understand the intricacies of Russian mortgage lending and make the purchase of residential real estate a less complicated and nerve-consuming process.