An interest-free loan to a veteran can be obtained for building a house or buying a home. Consumer lending for this category only implies a decrease in interest rates.
War veterans cannot always count on getting an interest-free loan. If funds are needed for consumer needs, and there is no way to collect the list of necessary documents, you can use classic programs. A veteran of fights can use the support of the state when applying for a loan:
- for housing;
- Agriculture;
- home construction.
Special benefits are offered by individual constituent entities of the Russian Federation. You can get preferential terms and payment of the rate by the state in Magnitogorsk and some other cities.
Please note: it is possible to take funds, but taking into account the fact that the applicant receives only partially compensated by the creditor compensation for the interest. The exception is the veterans who were registered as needing housing improvement in January 2005 or the subject is registered as a participant in the NIS program.
In this case, assistance comes from the Ministry of Defense. Citizens are allowed to apply for a mortgage after three years from the date of entering the data into the NIS. A soldier can join it voluntarily or on a mandatory basis. It depends on the military rank, the date of admission, the term of the contract. When submitting a report, a certificate is issued that makes it possible to purchase an apartment on a military mortgage. In order to pay off the debt without interest, the amount will be accumulated in the savings account over the course of three years.
How to get a loan?
It is better to contact a bank that works with government support. In a credit institution, a situation may arise when a client will be denied due to a small pension or limited legal capacity. In such cases, former employers and special funds can help.
A veteran subsidy is issued upon the provision of:
- "War Veteran" certificates;
- extracts from the passport office on the composition of the family;
- a document from Rosreestr on the presence or absence of real estate;
- passport or other identity document.
The certificate is issued by the social protection department upon application. Documents are checked within a month. If the decision is positive, an act is issued, and the applicant receives an answer in the order within five days.
To get an interest-free loan for the purchase or construction of housing, you need to confirm the need to improve housing conditions. In this case, the amounts are provided at the rate of 18 sq. m per family member, taking into account the market value.
Procedure and features
First, a person must choose the most suitable program among all existing banking offers. Documents are submitted together with the application form. The lender examines the documents, examines the reliability of the information received. Thereafter:
- additional materials are requested from the client, if necessary;
- the borrower is notified of the decision;
- the contract is signed.
It's easier to get money if you need it to build a house. In most cases, banks do not offer interest-free loans, but lower rates by several points. But many veterans are disabled. A financial institution may question a person's ability to pay. If such a situation has arisen, then the issue may be resolved in court.
In some regions, veterans with proven disabilities can legally qualify for an interest-free mortgage. To use the program, you need not have your own home, prove that you live in an apartment with other families. The offer can also be used by citizens if their housing is in an unsuitable condition for living.
For a long time, special conditions were offered by Sberbank. But today in this bank you can use only a military mortgage. To get a loan for veterans, contact the relevant authorities, they will tell you which bank can help you.
In conclusion, we note: to obtain your right to an interest-free or concessional loan, you need to stand in line by contacting the relevant authorities. If government support was not initially confirmed, the likelihood remains that the bank will refuse to issue a loan. Especially if the veteran doesn't work.
