Mortgage at Center-Invest Bank, conditions for housing loans

Center-Invest Bank mortgage programs: conditions

Clients of Center-Invest Bank can not only buy housing and commercial real estate, but also build it themselves.

Loan terms are presented in the table:

All programs, with the exception of loans for the purchase of commercial real estate, provide the possibility of refinancing a previously issued mortgage on similar terms.

Requirements for a reissued loan:

• Must be completed at least six months before applying to Center-Invest Bank.
• There should be no current arrears on it.
• Over the last six months there should not be more than 3 cases of delay, maximum 10 days each.
• The remaining amount of the principal debt without accrued interest is subject to re-issuance.
• The loan amount cannot be more than 90% of the appraised value of the property or 80% of its price under an equity participation agreement.

Important! The bank does not issue a mortgage without a down payment. You can contribute it at the expense of maternity capital or a certificate (certificate) to receive a subsidy from the state. This rule does not apply to the commercial real estate loan program.

The bank will not issue a mortgage without the guarantee of the borrower's spouse. Guarantee from third parties may be required if the client's income is insufficient to service the debt.

Interest rates of the Moscow Bank Center-Invest on mortgages in 2020

Current mortgage programs require loans at the following rates:

Rates shown do not include collateral and insurance fees. These costs are paid additionally by the borrower

Bank Center-Invest will increase the interest rate:

• at 0.25% per annum for personal appeal without using remote services;
• by 3% before registration of collateral under the refinancing program.

Important! Clients of Center-Invest Bank can freely make payments ahead of schedule without paying additional fees and fines.

Requirements for borrowers

Citizens of the Russian Federation whose permanent place of residence is registered in the Rostov, Volgograd, Nizhny Novgorod and Moscow regions, Stavropol and Krasnodar territories, and the city of Moscow can take advantage of Center-Invest's offers.

Age limit: from 18 years at the date of signing the contract and up to 65 years at the time of closing the mortgage contract. These age limits also apply to guarantors.

The period of employment should not be less than six months. The list of mandatory requirements also includes having a stable monthly income. If a loan is refinanced to a family with children, their date of birth must be after 01/01/2018 (valid until 12/31/2022).

Mortgage calculator from Center-Invest Bank

Loan amount
Payment type

Interest rate, %

Maternal capital

date of issue

Credit term

Early repayments

Schedule

Table

A mortgage is a loan product designed for several years. A potential borrower must understand whether he will be able to fulfill his obligations under the contract on time. Not everyone can calculate a payment schedule on their own. If there is a need to estimate how the debt burden will change in the event of partial early repayment, the task will become even more difficult.

A mortgage calculator will help solve this problem. To use it, no special knowledge in the field of finance is required. You need to fill in the appropriate fields:

• Amount, interest rate and loan term.
• Repayment procedure (annuity or differentiated payments).
• Availability of maternity capital.

If you enter information about the expected early repayment, the program will automatically calculate a new monthly payment.

Package of documents

The borrower must provide the bank with a set of documents issued for himself and all guarantors:

• A copy of the passport (all pages, including blank ones);
• A copy of SNILS;
• Consent of the spouse to register the pledge.

For borrowers receiving salaries on bank cards, these documents will be sufficient. Others must also provide:

• A certificate of income for the last six months with a monthly breakdown.
• A copy of the work record, certified by the employer.

Borrowers or guarantors, individual entrepreneurs and legal entities, must also provide a brief description of their activities, title documents (TIN, OGRN, Charter, orders and protocols on the appointment of managers) and tax reporting for the last two dates.

To apply for refinancing, the borrower must provide documents on the current loan:

• A copy of the loan agreement;
• Certificate of outstanding debt;
• Certificate of quality of loan servicing.
• Details for its repayment.

Required documents

To apply for a mortgage loan, you will need to provide the bank with a large package of documents . You will need:

• copy of passport, SNILS or TIN;
• a copy of the work book;
• income certificate;
• consent to the transfer of housing as collateral from the spouse;
• a copy of the certificate of state registration as an entrepreneur (OGRN individual entrepreneur) and tax return for individual entrepreneurs (if the borrower is an individual entrepreneur);
• copies of the organization's constituent documents, OGRN, INN, copy of the card with sample signatures, extract from the Unified State Register of Legal Entities, copies of accounting forms (for borrowers-business owners).

To evaluate a real estate transaction, you will need to provide:

1. copies of the seller's passport;
2. extended extract from the Unified State Register of Real Estate (for finished housing);
3. documents for an apartment or child care home (if a “primary” property is purchased);
4. extract from the house register;
5. housing assessment report (for secondary real estate);
6. BTI registration certificate;
7. permission from the guardianship authorities (if minors are registered);
8. consent of the spouse (and) of the real estate seller to the transaction (for secondary real estate).

Additionally, the bank may request other documents. For example, when purchasing a land plot for individual housing construction, you may need copies of documents confirming the seller’s ownership of the land plot or a document describing the technical parameters of the land plot (total area, plan (drawing, diagram)).

Filling out an application

Center-Invest offers borrowers the opportunity to fill out an application online or a more advanced paper version at a bank branch. The application must indicate:

• purpose of lending, loan amount;
• type of property being purchased;
• personal data of the borrower;
• family composition with dates of birth;
• information about the activities of the individual entrepreneur (if the borrower is an entrepreneur);
• information about place of work, position held;
• additional sources of income (interest, part-time work, etc.).

The application will have to briefly describe the family's expenses, as well as all types of property that it owns. If there is a guarantor when receiving a loan, then you need to fill out information about the guarantor . Expenses include rent (if any), expenses for paying other loans, alimony, and utility costs.

The bank can easily check this data by contacting a credit bureau or finding out the amount of utility bills in similar apartments. Therefore, you should not deliberately underestimate these amounts in order to obtain a larger loan amount.

How to submit online?

The borrower's application form can be completed on the bank's website . If you wish, you can save the draft and print it at any time. To fill out you need:

1. Enter passport data, TIN of the applicant or TIN of the employer's organization.
2. Enter contact information (phone, email).
3. Indicate the loan amount, program name and loan terms.
4. Enter the amount of family income and expenses.

Reference! After confirming the veracity of the stated data, the refill is sent to bank employees. The response usually arrives within a few days.

How to apply

There are two options:

• In person in the office.
• In online mode.

An online application is a credit application indicating the borrower's intention to take out a mortgage loan. During its consideration, the credit institution decides whether it is ready to cooperate with a potential borrower in principle. This saves time by eliminating the need for clients to come to the bank office in person. Yes, and you will need to collect documents, being sure that there is a real chance of getting a positive decision.

In the online form you need to indicate your full name, gender, date and place of birth, passport details, SNILS, registration address, contact phone number, marital status, requested amount and loan term, sources of income and regular family expenses. The website imports data from the State Services portal, which greatly simplifies the filling process.

The online application is reviewed within a few days. After which the client receives an SMS message about the bank’s decision. If it is positive, the borrower needs to contact the bank office that he indicated in his application.

For borrowers who did not use the online service, the mortgage rate will be higher.

Service characteristics

The bank offers an interest rate of 12.75% per annum. For regular customers, borrowers from the white list, card holders or account holders in this bank, specialists offer the most suitable conditions.

General conditions for on-lending

Center-Invest is a large credit organization that pays great attention to the services available to citizens and legal entities in terms of issuing loans. Since 2020, Centre-Invest has been refinancing loans from other banks using a mortgage loan. Consumer lending is not subject to review.

If the client needs an amount of funds up to 500,000 rubles, then he must provide the bank with a certificate in Form 2 of personal income tax (on income received). For a loan amount of 500,000−750,000 rubles. a guarantee from a relative or encumbrance of collateral is required.

When lending 750,000−1 million rubles. credit specialists require the provision of 2-3 guarantors or mortgaged property valued at 750,000 rubles.

Requirements for the borrower:

• Age 18−65 years.
• Registration and place of residence in the territory where the bank office is located (Moscow, Nizhny Novgorod, Rostov-on-Don, Moscow region, Volgograd, Krasnodar and Stavropol Territories).
• Availability of verified income.
• Work experience at the last place of work is at least six months.
• Clean credit history.

If it is necessary to refinance a loan at Center-Invest Bank, a package of documents from the borrower is required. The list for individuals and legal entities is different.

Documents provided by individuals:

• Citizen's passport or a copy of all pages.
• SNILS.
• Help 2 personal income tax.
• A copy of the work record book or contract confirmed by the manager.
• Spouse's passport.
• A copy of the loan agreement and payment schedule.
• Certificate about the remaining debt and the quality of payments in another bank.
• Details for repaying a bank account.

Individual entrepreneurs or heads of organizations attach to the main package of documents a certificate of state registration, TIN, tax returns for the last two reporting periods, a book of income and expenses, and a description of business activities.

Only the principal debt on the loan is subject to refinancing; interest accrued on the date of refinancing is paid from personal savings. The service is used for the purpose of government support for families with children.

Company managers also provide the bank with a copy of the Charter, accounting forms and a brief description of the activities.

Filling out an application and concluding a contract

At the first stage, you can start refinancing the loan yourself. This applies to submitting an application online on the bank’s official website. The borrower's request for consideration of the refinancing service is considered by credit specialists from 1 to 5 business days. The completeness of the documentation provided affects the speed of approval of the application. The borrower can view its final status on the website.

Questionnaire details:

• Series, number and basic information from the citizen’s passport.
• TIN.
• The name of the company of the legal entity.
• Personal data (registration address, residence, telephone number).
• Information about the requested amount and loan terms.
• Data on family composition.
• Information about income generation, existing loans.

On the website, clients use a calculator for calculating payments and changing interest rates. This function provides the opportunity to evaluate a new offer.

Stages of refinancing:

• Collection of documents.
• Filing an application.
• Collateral assessment (from 3−7 days).
• Signing a new loan agreement.

Next, state registration of housing takes place and the property is transferred as collateral to Center-Invest Bank. Borrowed funds are issued in cash or by transferring funds to a third-party bank.

Loan repayment methods:

• Bank ATMs.
• Cash desks.
• Internet banking.
• From other accounts.

A convenient service is to use “Regular payment”. The cardholder sets a constant payment date and amount. Funds are debited automatically if they are present in the account.

Center-Invest is among the TOP 20 financial institutions in Russia for providing mortgage loans. In the southern part of the country it occupies a leading position.

What to do after contacting

If the bank makes a positive decision on the application, the borrower can select an apartment, office or production space. The property must be approved by the credit institution. One of the requirements of Center-Invest Bank is an independent assessment of the value of the property. It will take from 3 to 7 working days to process it.

In the future, the sequence of actions will be as follows:

• Concluding a purchase and sale agreement and a loan agreement.
• Transfer of advance payment to the seller (if this clause is provided for in the contract).
• State registration of contracts.
• Transfer to the seller the full cost of the property.

How to get a loan

• select the offer you need based on the purpose of using the funds,
• Apply online or fill it out at a bank branch,
• Evaluate your property
• Collect all necessary documents,
• Register the purchase and sale agreement,
• Sign the agreement at the branch and receive credit funds to your account.

We have collected original reviews on this topic here, reviews from real people, many comments, worth reading.

Please note that the issuance of credit funds for this type of mortgage at Center-Invest is carried out only after registration of the transfer of ownership in favor of the bank, otherwise the minimum rate increases by 3%.

For all questions, please call 8-800-200-99-29 or the official website centrinvest.ru/ru/fiz/kreditovanie/ipoteka.

Insurance

There is no compulsory insurance of property or life and health of the borrower at Center-Invest Bank. The exception is mortgages with government participation. In this case, the borrower must take out a personal insurance policy for the period the preferential rate is valid.

In general, there are three insurance options that borrowers who have taken out a mortgage can use:

• Personal – the borrower’s life and health are insured.
• Title – the borrower's liability is insured. If he stops fulfilling his obligations to the bank, the insurance company will assume this responsibility.
• Property. Protects the property from damage or complete loss.

Taking out an insurance policy makes the loan more expensive. But on the other hand, its presence guarantees the borrower the fulfillment of obligations to the bank, regardless of any circumstances: loss of job, loss of property, illness and other equally unpleasant events.

Who is eligible for refinancing?

The conditions for refinancing at Center-Invest Bank are normal for the client. He must live and be registered in the region where this bank operates. The property being purchased must also be in this area or region. Registration and place of residence may differ from the pledge address. The following types of borrowers can refinance:

• natural person;
• IP;
• Business owners.

If necessary, you can attract a guarantor. They can become an individual entrepreneur or a business owner.

Required conditions:

• the client must be over 18 years of age;
• at the end of the contract - be under 65 years of age;
• have Russian citizenship;
• be registered in the region where the bank operates;
• Work experience – 6 months at last job.

Center-Invest Bank may impose additional conditions. To obtain information about this, it is better to contact any branch of the company immediately.

Pros and cons of a mortgage at Center-Invest Bank

Advantages:

• A variety of mortgage programs involving not only the purchase, but also the construction of housing, as well as the purchase of commercial real estate.
• Possibility to submit an application online.
• The borrower independently decides to issue an insurance policy.
• Mortgage program with government participation at a preferential interest rate.
• Early repayment without additional fees.

Flaws:

• A significant increase in the interest rate for the period of registration of collateral under the refinancing program.
• The bank's offices are located only in the south of Russia and Moscow, so the borrower will not be able to buy real estate in other regions of the country.

Credit calculator

The official website has a loan calculator, using which you can calculate the approximate amount of overpayment on a new loan.

The following information should be provided:

• Real estate value;
• Amount of down payment;
• Loan terms;
• Is the mortgage issued with government support?
• What type of real estate is the loan issued for?

Based on the results, the user receives the calculation results - the size of the bet and payment. This data is not accurate; the final terms of the loan are clarified by the bank after providing the necessary package of documents.