Mortgage at Raiffeisenbank - Terms and interest rates in 2020

Conditions for obtaining a mortgage at Raiffeisenbank

The banking institution offers a large list of mortgage programs of various formats.

The programs differ from each other, but there are standard parameters that Raiffeisenbank puts forward for each loan, namely:

• The minimum rate is set during the process of obtaining a comprehensive insurance policy by the client. The existing/absent arrears on previous issued loans, as well as the load on existing loans are also taken into account;
• the amount processed can range from 0.5 to 26 million rubles;
• the down payment for housing is between 10 and 15%;
• You can apply for a mortgage loan from Raiffeisenbank to purchase new housing that is included in the list of accredited development organizations.

What are the benefits of mortgage lending at Raiffeisenbank?

Applying for a mortgage at Raiffeisenbank has a number of advantages:

• It is allowed to use maternity capital to make a down payment;
• Early closure of a mortgage agreement is allowed without any penalties;
• When considering an application, the total income of both spouses is taken into account, even if they are not officially married;
• Close relatives can act as additional borrowers;
  

  In this case, the loan size may be increased!

• The client can take advantage of the mortgage program from Raiffeisenbank, even if the purchased property has undergone redevelopment;
• A service is available to reduce the interest rate to the minimum, subject to the borrower's participation in the government program;
• Convenient and understandable management of credit payments through the Internet banking system.

Registration of a mortgage for secondary housing

This offer will be of interest to that category of persons who wish to purchase a residential property that does not fall under the “new building” category on very attractive terms.

The interest rate on the loan is 8.29 percent per annum. The maximum loan amount is 26 million rubles. Funds can be provided for a period from 1 year to 30 years. The following property of the borrower can act as collateral:

• townhouse;
• house;
• apartment.

When applying for a mortgage on secondary market housing, you will need to pay an initial amount of 15% of the cost of the purchased property. During the registration process you should also go through the insurance procedure. If the borrower refuses to make it, then the interest rate of the loan provided will be revised and the financial institution will increase it. A person applying for a mortgage for the purchase of secondary market housing must meet the following requirements:

• availability of a place of work or documentation confirming entrepreneurial activity;
• age limit from 21 to 65 years;
• registration at the place where the mortgage loan was issued;
• The income level for persons living in large populated areas must be at least 20 thousand rubles. For residents of the regions, this parameter should be equal to 15 thousand rubles. Income will need to be confirmed by the provided certificate (form 2-NDFL), a document from the pension fund, or individual entrepreneur documents.

The borrower can attract co-borrowers. The application submitted by the client will be reviewed within 5 working days. If approved, the funds will be transferred to the current account or through a letter of credit.

Debt repayment must be made using annuity payments established by the financial institution. If you wish to partially or completely close the debt, no additional penalties will follow. If the borrower violates the agreement, penalties will be applied.

List of documents

To consider the application, Raiffeisenbank will need:

• borrower application form (PDF file);
• borrower documents: passport, certificates and certificates according to the list (PDF file);
• 2-NDFL or certificate on the bank’s income form (PDF file);
• business owners fill out a special form based on a bank model (PDF file);
• documents on collateral real estate according to the list (PDF file).

The bank may ask for additional documents, in particular a certificate from the Pension Fund of the Russian Federation about the balance of funds on maternity capital.

Mortgage for housing in a new building

Raiffeisenbank is offering very attractive mortgage interest rates in 2020 for housing in a new building. At the same time, the financial institution offers clients to choose one of the most suitable options by examining 1 thousand objects that are accredited by Raiffeisenbank and are at the commissioning stage.

The maximum amount provided to the borrower is 26 million rubles. The contract can be concluded for a period of up to 30 years, and the agreed rate in the contractual agreement will not change throughout the entire period. The minimum rate is 4.99 percent. The amount of the down payment will be calculated individually, taking into account the required amount, but it will range from 15% of the total cost of housing. In order to apply for registration, you will need to go to any Raiffeisenbank branch. You can get any information you need on mortgage lending without leaving your home by phone. Free call within Russia

This website is for informational purposes only. Official website of the bank: raiffeisen.ru

Requirements for the borrower

Raiffeisenbank checks the borrower's compliance with the following criteria:

• minimum age – 21 years;
• the maximum age at the date of repayment of the mortgage is 65 years if there is life insurance and 60 years if there is no such policy;
• any citizenship;
• the place of work and residence must be located on the territory of Russia;
• if the total work experience is more than 2 years, then you need to work in the last place for at least 3 months;
• for salary clients, total experience of 1 year;
• if the total length of service is from one to two years, then in the last place you need to work for at least six months;
• for those who have this first place of work, the work experience must be at least one year;
• business owners – from 3 years of work;
• for notaries and lawyers - at least 1 financial year of private practice;
• availability of a work and mobile phone;
• minimum income from 20 thousand rubles. (Moscow, Moscow Region, St. Petersburg and Leningrad Region, Ekaterinburg, Surgut and Tyumen), from 15 thousand rubles. for other regions.

Credit history is assessed, as well as the availability of other loans.

Read in detail:

Mortgage restructuring: How is mortgage restructuring different from refinancing; Conditions for restructuring through a bank; A method of restructuring a mortgage through a real estate agency; Advantages and disadvantages.

Where can I pay the Raiffeisenbank mortgage fee?

The borrower can make monthly mortgage payments through:

• ATMs of Raiffeisenbank, Moscow Credit Bank and BinBank;
• Cash desk at a Raiffeisenbank branch;
• Raiffeisen.ru from a card of any third-party financial institution.

The client can repay the loan early, either partially or in full. The bank has the right to charge the borrower fines and penalties for late monthly payments. The penalty amount is 0.06% of the total mortgage amount for each day overdue.

If for some reason the client cannot make payments on the mortgage loan, then Raiffeisenbank is ready to offer several options for resolving the unfavorable situation that has arisen. One of them is mortgage holidays.

Advantages of an online calculator

The main advantages of the calculator on our website are as follows:

• the user does not need to download additional software to the computer;
• all payments are made online and the client does not need to visit a bank branch;
• The service can be used free of charge;
• calculations are made in a couple of seconds.

The calculator allows clients to save personal time and get acquainted with all Raiffeisenbank offers in a relaxed atmosphere. After that, the borrower will only have to choose favorable conditions for himself, submit an application and wait for the decision of the credit manager.

Mortgage calculator Raiffeisen

Raiffeisenbank's mortgage calculator will help you calculate loan parameters and find out the exact amount of payments for current mortgage programs. The online calculator will also allow you to calculate a favorable mortgage rate for Raiffeisenbank salary clients. How to use the mortgage calculator? To do this, on the Raiffeisenbank website, open the “Mortgage” tab, then select the program you are interested in and click the “Details” button. In the open window, select “Calculator” and enter the data.

Comprehensive mortgage insurance

The main condition of a mortgage loan is the issuance of an insurance policy for the purchased property. Raiffeisenbank offers its clients comprehensive insurance, which includes life and health insurance for the borrower, as well as property rights. The cost of the policy depends on the insurance company.

Note. You can refuse the comprehensive insurance service, but in this case the rate will be higher by 0.5% , provided that the age of the borrower and co-borrower is less than 45 years old and by 3.2% if this age indicator is higher.

Is insurance required?

Important! When purchasing real estate with a mortgage, the client must take out life insurance. This procedure will help minimize risks and free your relatives from having to repay the loan.

Insurance payments are made annually and range from 0.2% to 0.7% of the cost of housing. If the client buys a secondary home, the bank will request comprehensive insurance. It includes property, personal and title insurance.

Today, a mortgage loan is one of the most popular ways to purchase a home. You can receive up-to-date information about mortgage programs and even apply for a loan on the official Raiffeisen website. The bank offers many mortgage programs. The choice of program depends on the preferences and financial capabilities of the client. Use Raiffeisenbank's mortgage calculator to calculate your mortgage amount. Clients can select a suitable program and fill out an application on the official website.

Have you already chosen a loan program? Write your review in the comments!

Calculation results

Raiffeisenbank'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 Raiffeisenbank mortgage calculator will help you with just this.

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

We update mortgage interest rates every day, taking them directly from Raiffeisenbank. 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, the Raiffeisenbank loan calculator 2020 will help you with this.

Will I afford the mortgage?

The Raiffeisenbank mortgage calculator 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 Raiffeisenbank'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 Raiffeisenbank for 25 years, the overpayment will be 162%. The Raiffeisenbank mortgage calculator clearly showed this.