Currently, banks offer various lending programs, including loans for the purchase of apartments, which are very popular among the population. And this is no coincidence, because for many people this is the only opportunity to purchase their own home.
Instructions
Step 1
In order to get a loan to buy an apartment, contact a bank that deals with lending to individuals. As a rule, all major banks provide loans for the purchase of real estate, including apartments. However, do not rush to take out a loan from the first bank you come across. Carefully study the conditions, find out the terms and amounts of loans, interest rates. Sometimes even a minor difference in interest over the entire debt repayment period will save you a significant amount of money.
Step 2
Please note that the interest rate on a home loan will depend on the requested amount, i.e. the greater the amount of your own funds invested in the apartment, the lower the interest on the loan will be. In addition, the loan term, the presence of a borrower's credit history, affects the value of the interest rate. As a rule, the security for a home loan is a pledge of the purchased apartment, i.e. mortgage. If you need a small amount, then the bank, most likely, will offer you to provide a surety of an individual as security. You will have to insure the mortgaged apartment. Be sure to check with the loan officer if you need to insure your life and health. After all, these are additional costs associated with servicing debt, which must also be taken into account.
Step 3
After you select the appropriate lending terms and the bank from which you will take out a loan, collect the package of documents necessary for issuing a loan. As a rule, it is the same for most banks and includes the passport of the borrower, guarantor, income certificates, copies of work books, as well as documents relating to the purchased apartment (purchase and sale agreement, cadastral passport, personal account statement on the absence of debt, etc.) … The loan officer can request additional documents from you at his own discretion.
Step 4
As soon as you provide a complete package of documents, the application will be considered. The decision to issue a loan can be influenced by your credit history, frequency of job changes, salary levels, availability of dependents, and other factors. If the bank makes a positive decision, you just have to sign the loan agreement and get the desired amount.
