Credit for participants of military operations Last updated July 2018 Sberbank of Russia offers preferential loans to participants of military operations under the state federal program. Persons who have a military certificate are available loans with an annual interest rate of 13.5%. Sberbank does not provide any other special benefits.
Credit programs of the Savings Bank for veterans
The amount of va home loans is determined by the bank’s credit commission. The maximum amount is 1 million rubles. Members of the credit commission analyze the sources of income, housing conditions and other criteria of the client’s solvency. Military loans are issued for a period of not more than five years. The annual interest rate on the secured loan is 13.5%, the unsecured loan – 14.5%. The annual interest rate for all loans of Sberbank without exception is determined by the Central Bank’s key rate. Privileged loans for combatants available for various purposes. Borrowers wishing to issue a loan in the amount exceeding 500 thousand rubles should find a suitable guarantor in advance or present an equivalent collateral. Military, who retired earlier than the established time and continue to work Sberbank lowers the interest rate on loans.
Distinctive features of the credit program for servicemen to receive the first installment of a mortgage, Sberbank offers a loan to servicemen up to 500 thousand rubles. This money can be used for other purposes. Due to some changes for today, preferential va home loans of military operations are not available. Borrowers of these categories can choose another option for lending under general conditions. General crediting parameters going to the bank for a loan, you should ask in advance the main parameters and the proposed terms for existing credit programs. VA home loans of hostilities need to know in advance the list of documents needed to obtain a loan from Sberbank. The standard package of documents includes: Passport; A certificate confirming the solvency; Military ID.
Today, Sberbank offers several types of loan programs, which differ in the way they provide: With a guarantee. The borrower can bring two solvent guarantors. The size of the loan in this case will increase several times. Standard. Some customers cannot provide a loan. The bank provides them with a loan of no more than 1.5 million rubles, but only if the client’s income level allows repaying the debt for 5 years. With collateral. The collateral for the loan is movable and immovable property of the client. The bank provides a loan to the borrower for a period of 20 years. At the same time, the loan amount is unlimited, and the package of documents is minimal.