Mortgage program "Refinancing" from Bank Vozrozhdenie

Buying your own home requires a considerable amount of money, but it is not always possible to save it. Then you have to use the services of banks and take out a mortgage. Almost all credit institutions make similar offers, so choosing the optimal conditions may cause difficulties. In this case, it makes sense to pay attention to the mortgage offer of Vozrozhdenie Bank. It offers several mortgage programs for large amounts with attractive terms for using funds.

Mortgage terms

Have you ever taken out a loan or mortgage?

Not really

Bank Vozrozhdenie offers mortgage loans both for the purchase of housing in new buildings and on the secondary market. You can buy an apartment or a private house, or take out a loan for construction. Under some programs, you can get a mortgage from Vozrozhdenie Bank without a down payment.

The company works with housing certificates and maternity capital. There is also a program for purchasing housing with state support, which is available to families with two or more children. You can switch to servicing this credit institution from another bank: a refinancing program is available.

A mortgage from Vozrozhdenie Bank with government support can be obtained at 6% per annum. For other programs, rates are relatively low and start at 9.2%. It is worth noting that the interest rate is influenced by a number of factors. Therefore, the more information about himself the client provides and the more details he confirms his solvency, the lower the mortgage interest rate can be set.

Calculation results

Vozrozhdenie Bank's mortgage calculator is a financial tool for calculating the monthly mortgage payment schedule for 2020 and obtaining the overpayment amount. Since the mortgage is taken out for more than one year, you should approach its choice very seriously. It is necessary to calculate everything in advance, preferably very accurately. Our Vozrozhdenie Bank mortgage calculator will help you with just this.

Important: The official coefficients when calculating mortgages at Vozrozhdenie Bank will not give any reason to doubt the correctness of the calculation.

We update mortgage interest rates every day, taking them directly from Bank Vozrozhdenie. Without visiting the bank, using only our mortgage calculator, you will receive comprehensive data on the loan: monthly payment, overpayment amount. You will be able to predict your payment costs and make the right decision.

How to make a calculation

It is necessary to take the input data very seriously, because the reliability of the received mortgage calculations will depend on them.

First, you need to decide on the cost of the home you are purchasing. Keep in mind that you will need to have cash available for the down payment on your mortgage. Typically it is between 10 and 15%. By the way, a small life hack - you can take out a consumer loan for the down payment; Vozrozhdenie Bank’s loan calculator 2020 will help you with this.

Will I afford the mortgage?

The mortgage calculator of Vozrozhdenie Bank 2020 is just what you need so that you can weigh your chances of whether you can allocate money from the family budget for monthly mortgage payments. You can also change the amount of monthly payments by changing the loan term. Thus, achieving the amount that you can pull. Do not forget that a mortgage also has an unpleasant side; by increasing the term of the mortgage, you increase the amount of overpayment. Sometimes it can even exceed the amount of the mortgage itself. Let's do the calculation using Vozrozhdenie Bank's mortgage calculator. Input data: property value 1 million rubles, interest rate 9.5%. Changing the period until full repayment of the mortgage we get the table:

From the table we can clearly see that if you take out a mortgage from Vozrozhdenie Bank for 25 years, the overpayment will be 162%. The Vozrozhdenie Bank mortgage calculator clearly showed this.

Necessary documents and requirements for the borrower

To obtain a mortgage from Vozrozhdenie Bank, borrowers are subject to the following requirements:

• Russian citizenship;
• You must be at least 21 years old at the time of applying for a mortgage. and at the time of repayment - no more than 70 years;
• presence of registration in the region where the contract is executed (permanent or temporary);
• minimum work experience at the last job - six months (for those receiving wages on a Vozrozhdenie Bank card - 3 months, for individual entrepreneurs, business owners, or those engaged in private practice - 2 years);
• positive credit history.

Potential borrowers must provide the following documents (in addition to the completed application form):

• a copy of your passport or any other identification document;
• men of military age must present a military ID;
• SNILS;
• a copy of the work book certified by the employer.

Documentation

To reissue a loan, you will have to collect a decent package of documents. You will have to fill out a borrower application form and bring certificates and copies of documents to assess creditworthiness and collateral.

List of documents:

• application form;
• passport of a citizen of the Russian Federation;
• documents for the refinanced loan (certificate/statement containing information about the balance of the loan debt, loan agreement or payment schedule);
• a certificate in form 2-NDFL or a certificate of income in the form of a bank for the last 6 months;
• title documents for real estate;
• a new act of valuation of an apartment or house;
• an extract from the house register about registered persons.

For refinancing programs with state support:

• birth certificates of children, citizens of the Russian Federation, including the second or third, in the period from 01/01/2018 to 12/31/2022;
• certificate of marriage registration or divorce;
• SNILS.

For clients receiving wages to a current or card account opened with a bank, a copy of the work book and passport are not required. Documents are generally provided in the form of copies, but the borrower must be prepared to provide the originals.

A certificate of income, an application and a report on loan debt must be provided in the original.

Within two months from the date of issuance of the loan, the borrower must also provide documents confirming the closure of the refinanced loan (a certificate of closure of the loan and the absence of debt or a credit report from a credit history bureau). If this condition is not met, the interest rate for using the loan increases.

How to fill out an application?

You can fill out an application for refinancing directly on the bank’s website. To do this, you only need to enter your first name, last name, age, gender and loan amount. They will look at the submitted application and call you back to invite you to a meeting at the bank. Here the terms of refinancing will be explained to the client and the amount of the future loan payment and overpayment will be calculated. If the borrower is satisfied with everything, he fills out a paper version of the application form.

The application must indicate:

• all contacts of the borrower;
• number of the loan agreement, loan amount, address of the collateral and its description;
• the amount of income and expenses;
• information about family members, including dependents;
• the requested loan amount from Bank Vozrozhdenie and the payment terms for it.

We do not recommend completing the documents yourself. Save time - contact our lawyers by phone:

+7 (499) 938-90-71Moscow

You will also need to enter information about the registration address, the location of the collateral property, all co-borrowers, and family composition. It will also be necessary to note whether there were any delays on loans and lawsuits regarding real estate. The document is signed personally by the borrower, and he bears full responsibility for the truthfulness of the data presented.

Mortgage programs and requirements for residential premises

Mortgages at Bank Vozrozhdenie are presented in the form of several programs:

1. 
   New building. This program provides from 300 thousand rubles to 30 million for a period of 3 to 30 years. The interest rate starts from 9.2% per annum for loans from 3 million rubles and from 9.5% for a larger amount. It is possible to register with one or two co-borrowers. The loan is issued for the purchase of housing under a shared participation agreement or for payment under a preliminary agreement. You can take out such a mortgage without a down payment.

2. Ready-made housing and “Alternative”. In this case, the amounts and interest rates are similar to the previous program. The down payment on such a mortgage can be 15-80% of the value of the property. This condition is valid only for the “Ready Housing” program. “Alternative” is available without the first payment.
3. Social mortgage. With this mortgage lending option, you can get from 200 thousand rubles to 8 million. The minimum mortgage term is 1 year, the maximum is 25 years. The down payment must be at least 20%. This program operates on the basis of Russian Government Decree No. 1711 dated December 30, 2017. Families who had a second or more child between 2020 and 2022 can take advantage of it. The interest rate is 6%.
4. Purchasing a home. Funds can be obtained both for the purchase of a finished house with an adjacent land plot, and for the construction of a new one. The loan term is similar to other programs - 3-30 years. Mortgage interest rates will start at 9.9%.

Mortgage programs of Bank Vozrozhdenie

Vozrozhdenie Bank's mortgage programs are long-term financing for citizens to purchase residential space, with the possibility of repayment up to 30 years. The bank offers the following lending programs:

• "New building";
• "Secondary market";
• “Purchase of real estate with state support”;
• "Refinancing";
• “Refinancing without documents”;
• “Refinancing with state support”;
• “Ready house” - for purchasing a house with a plot of land on the secondary market;
• “Alternative” is the purchase of housing secured by real estate.

On the Bank Vozrozhdenie website you can leave an online application and get advice on programs of interest.

Mortgage repayment methods

All mortgage programs of Vozrozhdenie Bank provide for repayment in annuity payments, that is, you will need to pay the same amount every month.

You can pay off your mortgage loan in the following ways:

1. Through the remote banking system or through a mobile application, you can make a payment to your loan account.
2. Those interested can write an application at their place of work. In this case, the required amount will be deducted from your salary every month and transferred to repay the loan.
3. Transfer of funds from an account opened in any Russian bank. This option takes the longest: money can go up to three days. Therefore, when choosing this method, it is better to transfer money a few days before the due payment date.
4. Repay debt in cash at any bank office.
5. Through ATMs (crediting funds to a credit card).
6. Using your personal account.

When using these repayment methods (except for transferring funds from another bank), no commission is charged for replenishing the loan account. In this situation, the additional fee depends on the tariffs of the bank from which the transfer is made.

All mortgage programs allow early repayment without additional fees.

Mortgage refinancing at Bank Vozrozhdenie

Bank Vozrozhdenie has a program for repaying mortgages (refinancing) of other credit institutions. The terms of refinancing are as follows:

• the minimum amount of mortgage debt must be 1 million rubles;
• maximum – 15 million;
• Mortgage refinancing at Bank Vozrozhdenie is provided for a period of 3 to 30 years;
• interest rate starts from 9.7%;
• the loan is issued for no more than 80% of the value of the purchased property;
• housing must be pledged to the bank;
• It is possible to attract co-borrowers (up to four people).

These are the basic requirements. Each case is considered individually. The terms of refinancing may depend on the client’s financial capabilities and what documents were provided to them.

To apply for mortgage refinancing at Bank Vozrozhdenie, the following package of documents is required:

• copy of Russian passport;
• for men under 27 years old - military ID;
• SNILS;
• a copy of the work book, certified at the place of work;
• income certificate in form 2-NDFL;
• for individual entrepreneurs, an extract from the Unified State Register of Entrepreneurs will be required;
• for owners of their own business in the form of an LLC - an extract from their Unified State Register of Legal Entities;
• if the business is conducted on the basis of other mandatory documents (for example, licensed activities are conducted), copies of the necessary papers must be presented;
• certificates of current debt obligations. They must indicate the size of the minimum monthly payments;
• documents confirming the right to real estate.

This list of documents is also minimal. In some cases, a bank employee may require additional documents to determine the borrower's solvency.

Refinancing conditions

In 2020, the financial institution Vozrozhdenie has an interesting lending program available that allows you to refinance mortgages from other banks. The following terms and conditions apply to the offer:

1. A potential borrower can apply for a loan of up to 80% of the value of the property.
2. A large loan is provided with a fixed cash limit from 500 thousand to 15 million rubles.
3. The interest rate is selected individually (when refinancing mortgages from other banks from 9.2%, when refinancing a Vozrozhdenie loan from 10.4% per year).
4. A mortgage loan is issued for a long period of time from 3 to 15 years (selected personally).
5. There is no need to pay a fee for issuing a loan, and in addition, make an advance payment.

Under the mortgage refinancing program, the client can take out a joint loan with other persons (up to a maximum of 4 co-borrowers are allowed). The main parameters of the offer are selected individually in each individual case.

Important! In order to count on the most favorable loan conditions, it is recommended to agree to complete insurance of the borrower and property against possible risks.

Pros and cons of a mortgage at Vozrozhdenie Bank

As with any mortgage program, this type of lending at Vozrozhdenie Bank has its advantages and disadvantages.

The advantages are:

• the maximum available mortgage limit is 30 million rubles;
• the application is reviewed within 5 working days;
• You can get a mortgage without a down payment;
• availability of a social program;
• the ability to refinance an existing loan after the first year of using funds (if there are no arrears);
• there are many ways to repay a loan and for all but one, no commission is charged;
• tracking payments and debt balance via online banking or mobile application.

Flaws:

• The credit institution does not have many ATMs (relevant for regional representatives);
• The disadvantage of any mortgage is additional payments and commissions, as well as mandatory insurance of the collateral, which leads to an increase in the cost of the loan.

If you wish, you can find customer reviews on the Internet and get more reliable information. They may contain the nuances of mortgage lending at Bank Vozrozhdenie. There are also specialized websites on banking topics, where questions from potential borrowers are answered not only by those who have already taken out a loan from the bank, but also by employees of the credit institution.

General mortgage conditions

By analyzing all lending programs of a given bank, you can determine the basic conditions for clients wishing to receive a financial service. These include the following:

• mortgage term from one year to 30 years;
• amount from 300 tr. up to 30 million;
• down payment from 10%;
• The collateral will be the purchased property.

Conditions such as: down payment, loan amount, repayment period will depend on the chosen program, in principle, like other banks.