Interest-free mortgage for a large family. Interest-free mortgage loan for an apartment in the Russian Federation. Basic requirements for borrowers

The very term "interest-free mortgage" can be considered relative. Any mortgage implies interest. Otherwise, it would be unprofitable for the bank. An interest-free loan can only be for the borrower. For a credit institution, interest still remains, but the state is responsible for repaying them. Beneficiaries (large families, state employees, etc.) can receive such a loan.

Interest-free mortgage: what is it, its varieties

A mortgage loan is a big financial burden for a borrower. Not everyone can afford large monthly payments and a down payment. To help citizens purchase housing, the state regularly conducts support programs for privileged categories of the population: pensioners, young and large families, and public sector employees.

Interest-free mortgage for large family may differ from the program for state employees. For this reason, it is necessary to clarify the terms of lending in the administration.

Before you take out an interest-free mortgage, you need to find out what programs are offered. Some of them may operate at the regional level. Concessional loans can have several varieties:

• Subsidy. This is a one-time payment that is used as a down payment. The state allocates an amount of 30 to 50% of the cost of housing. This money is transferred to the bank account. Interest is considered repaid, and the borrower repays the principal debt.
• Reducing the interest rate. Not all categories of the population can get a loan without interest. For example, interest-free mortgages for state employees on this moment designed only for military personnel according to a special system. For teachers, there are separate programs at a reduced percentage.
• Favorable property prices. This option does not apply to an interest-free mortgage at all, but it is an option for benefits. Housing in new buildings is sold at a price significantly lower than the market.

Various benefit programs have been developed to support young families, professionals, etc. They may change over time, so those wishing to participate in these programs should clarify their conditions.

Only banks with a share of state support are engaged in this type of lending. Some financial institutions themselves develop programs and reduce interest rate to attract customers.

Who gets an interest free mortgage?

State programs that include benefits are designed to help those who cannot afford housing on their own, but are in dire need of it. There are many concepts - social mortgage, preferential mortgage, but they all mean the same thing: government assistance in buying real estate.

The following categories of people can get a preferential mortgage loan:

• Large families. The program for large families has many nuances. Starting from the cost of housing and ending with the concept of "large families" in each individual region of the country. In most regions, a family is considered large if it has 3 or more minor children (including adopted children). A large family, if it does not have its own housing (or each family member has less than 14 m 2), can apply to the administration, provide Required documents and get on the waiting list for a grant.
• Young families. An interest-free mortgage for a young family was developed several years ago. Young is considered a family in which one of the spouses is not yet 35 years old. Help comes in the form mortgage programs with a reduced interest rate or in the form of a subsidy for the repayment of interest. But program participants must provide documents confirming that they do not own housing.
• Young professionals. Interest-free mortgages for young professionals have their own characteristics. Separate programs have been developed for teachers, military personnel and employees of the Russian Railways. Military mortgage works on a funded system, according to which a serviceman can purchase housing as a property without interest. Teachers are offered a reduced mortgage rate if they commit to work in education for at least 5 years. Russian Railways employees can get a mortgage on favorable conditions A: The state will reimburse 7.5% of the monthly premium every month.

Some banks offer separate preferential programs for medical workers and pensioners.

Algorithm for obtaining a preferential mortgage

Not everyone knows how to get an interest-free mortgage. The algorithm of its registration differs from the registration of a conventional mortgage loan. Since part of the amount is paid by the state, all documents are checked with the utmost care. First of all, the future borrower must document that he belongs to the preferential category of citizens who are granted a mortgage without interest.

To become a member of the benefit program, you must complete the following steps:

• Contact your local government for information. Many programs operate at the regional level. You can clarify the list of documents and conditions for obtaining benefits in the administration department that deals with this issue.
• Collect the necessary documents. When applying for a social mortgage, the list of documents is longer. First, papers proving belonging to a privileged category of the population must be taken to the administration. Most often, they require documents confirming the identity, extracts from the house book, a certificate of ownership, marriage, etc.
• Get a membership certificate. After the submission of documents and their verification, the potential borrower is issued a certificate of participation in the program. It indicates what kind of assistance and under what conditions he can count on.
• Contact a bank with a share of state support. With the received certificate, the borrower goes to the bank, writes an application for a loan and submits a standard package of documents. (passport, certificate 2-NDFL, etc.).
• Choose accommodation. After the bank has approved a loan for a certain amount, the borrower selects housing. This can be done in advance. The approved application is valid for 2 months.
• Make a deal. At the last stage, an agreement is concluded between the bank and the client, the seller and the buyer, then the registration of the certificate of ownership begins.

Financial institutions try to supervise such transactions. If you have any questions, you can contact the credit manager who deals with the transaction.

Banks where you can get an interest-free mortgage

You can get a mortgage loan on favorable terms in credit institutions that have a state share. Usually these are large banks, the list of which is limited. Loan conditions are approximately the same, so the borrower can choose any organization to draw up an agreement.

Interest-free mortgage loan is issued by:

• Sberbank. Interest-free mortgages at Sberbank are provided to young and large families. Loan conditions are individual, they need to be clarified at the bank branch. Borrowers can use maternity capital to repay the loan. For young families that do not participate in the state program, Sberbank offers a reduced interest rate and a smaller down payment.
• VTB 24. This credit organisation also has a share of state support. The bank offers mortgages at 11.4% per annum for up to 30 years. You can use certificates to repay interest, maternity capital (at any time for repayment and 3 years after receipt - for the first installment).
• Renaissance. Preferential mortgage at Vozrozhdeniye Bank implies 11.4% per annum and the ability to use a subsidy to pay interest. The minimum down payment is 20% of the value of the purchased property.
• DeltaCredit. The bank has been participating in the state support program since 2015. You can buy a mortgage at a reduced rate housing in the primary and secondary markets. For beneficiaries, a financial institution offers a loan at 11.5% per annum (under normal conditions it is 12%).

There is a separate type of interest-free mortgage - a loan from Shariah. This type of lending is under development. Muslims, according to religion, cannot take money at interest. In order for them to be able to buy housing, the idea of ​​an "Islamic bank" is being developed, where interest-free loans for the purchase of housing at an inflated cost will be issued to cover these interest.

Certificates and documents required by banks for obtaining a mortgage loan

Conditions for granting a mortgage to an applicant by Sberbank under two documents

Where is it cheaper for an applicant to get life and health insurance with a mortgage loan

Mortgage without a down payment secured by real estate

We arrange a mortgage for pensioners in Sberbank: conditions for granting a loan

Life and health insurance of the borrower when applying for a mortgage in Rosgosstrakh

Maternity capital on account of mortgage repayment in Sberbank

Assistance Program for Mortgage Borrowers in Difficult Situations

Maternity capital: several options for buying an apartment in a mortgage.

Any bank, providing a mortgage product, sets the interest rate. According to the payment schedule, the borrower during the entire loan term will be required to pay the so-called interest - a certain amount accrued monthly.

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As a result of the mortgage, the borrower returns to the bank an amount that is approximately twice the amount originally taken. Is there a way out of this situation? Is there an interest-free mortgage, if so, how to get it?

What it is

A standard mortgage is a loan for the purchase of real estate, which involves the issuance of a specified amount to the borrower Money immediately, and repayment of the debt - over a long period of equal or differentiated payments.

Mortgage without interest is impossible - after all, most banks operating in the territory of the Russian Federation are commercial, and their main goal is to make a profit. Not a single bank issues a mortgage without interest - because then they would simply not exist.

However, an interest-free mortgage is understood to be somewhat different - the bank receives these very interests, but not from the borrower, but, for example, from the state. It turns out that for the client the loan is interest-free, and the bank receives the money due to him.

The state provides certain segments of the population who are in particular need of improvement living conditions social support measures, including:

• issuance of a housing certificate;
• partial repayment of a housing loan;
• full or partial repayment of accrued mortgage interest;
• provision of apartments from a specialized housing stock at a reduced cost.

To whom does it apply

The so-called interest-free or social mortgage can be provided to a wide range of citizens:

• large families with three or more children;
• single fathers and mothers;
• persons of retirement age;
• young families (at least one of the spouses has not reached the age of 35);
• young professionals such as doctors, teachers;
• public sector employees.

Persons belonging to one of the above categories must necessarily meet these criteria:

• the need to improve living conditions - the lack of own housing, the inconsistency of the occupied area by each of the family members with the established standards (as a rule, 18 sq. m. per person);
• the presence of a low income for the family, however, allowing you to repay the remaining loan amount after covering part of the mortgage at the expense of state subsidies.

The right to receive state benefits will be available to these citizens only after:

• providing relevant documentation to the local government;
• enrollment in the queue of those in need of new housing;
• waiting for their turn (the average period is from several weeks to several years).

Which banks can be contacted

Young families with maternity capital at their disposal can apply to the following banks:

• Rosselkhozbank;
• AK BARS;
• Sberbank;
• DeltaCredit.

In Rosselkhozbank, young families have access to:

• reduction in the amount of the first installment;
• if a child is born, you can not pay the principal debt for 3 years, but pay only interest;
• if there is maternity capital, its funds can be used to pay off interest.

AK BARS operates the program "AK BARS-Maternity Capital" on the terms:

Here, the interest on the loan can also be repaid at the expense of family capital.

The military also has access to interest-free mortgages, because the payments for them are paid by the state represented by Rosvoenipoteka.

The most profitable military mortgage can be obtained:

• in Sberbank;
• at VTB 24;
• at Gazprombank.

The conditions are as follows:

Young scientists and young professionals can be financed with state-supported mortgages from the following banks:

• Sberbank;
• VTB 24;
• Gazprombank;
• Rosselkhozbank;
• DeltaCredit;
• Raiffeisenbank;
• Moscow Industrial Bank;
• PromSvyazBank.

How to get a

In order to receive funds from the state to pay off debt on a mortgage loan or on accrued interest, a needy citizen must:

• apply to local authorities;
• clarify the possibility of obtaining a subsidy;
• request a list of documents;
• prepare documentation and submit to the appropriate authority.

To receive a subsidy, an application must be submitted to the local authority. You can download the document template.

After consideration of the documents, a decision will be made on the provision or refusal to issue a state subsidy.

As a rule, consideration of the application by the administrative commission takes an average of 1 month.

The program participant is issued a certificate confirming the right to participate in the program. The applicant is informed about the approach of the queue by registered mail to the address indicated in the documents or by phone call.

The order can also be checked personally - for this, from time to time it is necessary to visit the local administration and request data.

After the applicant's turn has come and the program participant's certificate has been received, you can apply to the bank for an interest-free mortgage.

The documents

To participate in state support programs, the following unified package of documents is submitted to the administration of the Moscow Region:

• applicant's passport;
• passports of his family members;
• birth certificates of children;

• marital status documents;

• education documents;

• a copy of the work book;
• a document recognizing a family as poor (or a certificate recognizing a citizen living alone as poor);
• title documents for existing assets;
• an extract from the house book or a certificate of family composition;

• certificate from the housing inspection on the absence of real estate in the property;
• contract of social rental housing - when living in an apartment owned by the state;
• certificate of a large family.

The bank will require the following documents:

• application form;
• the passport;
• employment history;
• income document;
• additional identification documents.

Interest-free mortgage for pensioners

As a general rule, retirees cannot get interest-free mortgages unless they fall into one of the other exempt categories.

By itself, the status of a pensioner does not yet mean that a person will be provided with all measures of state and social assistance.

Nevertheless, large banks always meet the needs of socially unprotected segments of the population. Sberbank, as the most reputable bank, provides various funds for citizens in the “active age”.

Basically, discounts for pensioners are given on debit cards, insurance services, and deposits. Finding something profitable on a mortgage is quite difficult - the conditions must be discussed individually, at a meeting with one of the bank's specialists.

For large families

At the moment, there are no special benefits and offers for large families. In some constituent entities of the Russian Federation, they are ready to allocate such families from the regional budget land or provide real estate on special terms.

However, parents with three or more children may benefit from other programs:

• for young families;
• for waiting lists;
• for young professionals or scientists;
• other programs for which the family member is eligible according to the conditions and requirements.

Placement on the housing waiting list will only be possible if the applicant has sufficient income to service the loan, or if the amount of savings allows you to pay the remainder of the mortgage loan.

For a young family

Banks are ready for a young family:

• reduce the amount of the down payment - as a rule, up to 5-15% of the property price;
• provide a deferral for the payment of the principal debt on a mortgage, while not relieving borrowers from the need to pay interest;
• to take into account funds for maternity capital as a first installment or for the purpose of repaying debts.

Also, young families have access to a state subsidy in the amount of 30-35% of the property price. The remaining amount of funds (about 70%) will have to be paid independently - during the term of the mortgage loan.

For employees of the Ministry of Internal Affairs

Today, police officers do not have as many opportunities for preferential mortgage lending as, for example, military personnel. However, police officers may be given a lump sum payment.

The application for receipt is considered on an individual basis - that is, a subsidy is not issued to everyone.

Employees have the right to:

• with more than 10 years of service in the Ministry of Internal Affairs;
• laid off due to retirement.

Relatives can also receive a payment if an employee dies in the line of duty.

The main factor influencing a positive decision to provide a payment is also the need to improve housing conditions. I.e:

• an employee of the Ministry of Internal Affairs lives in emergency or dilapidated housing;
• in communal apartment or in a hostel;
• in a rented apartment;
• in the premises under a social tenancy agreement.

Other factors are also taken into account, such as, for example, the discrepancy between the area norm per person and the actual one.

For teachers

Young professionals are citizens who have completed training programs vocational education in universities and colleges and have worked in state structures in their specialty for at least 3 years.

If such a young specialist is not yet 30 years old, he may well participate in the state subsidy program.

You can become a member of the benefit program:

• teachers of higher educational institutions;
• researchers of the Russian Academy of Sciences, research institutes, NGOs;
• doctors.

Advantages and disadvantages

Pros:

• interest-free mortgage allows you to improve the living conditions of those who especially need it;
• a wide range of opportunities for interest-free lending - obtaining subsidies from the state, military mortgages, for young families, for teachers, civil servants and employees of the Ministry of Internal Affairs;
• the ability to repay interest at the expense of public funds or send them to pay off debt.

Own real estate for many Russians is a luxury item and unbearable dreams. Buying your own apartment is not so easy, given the extremely high current market prices. The way out is to get a mortgage, which can solve the housing problem.

But sometimes, due to the high percentage of payouts, people refuse such an idea. Everything would be greatly facilitated by an interest-free mortgage, if it existed and was actively used by banks.

An interest-free type of housing lending exists in practice and is successfully used in the Russian market. This is one of the types of state subsidies that are adopted at the legislative level. Such support makes the acquisition of housing facilities much more accessible to an interested audience.

Mortgage without interest primarily aimed at young families who need to expand their living space or do not have their own square meters at all. Renting a house is not particularly beneficial for the budget of a young family, and therefore you have to look for an alternative. And a reasonable solution lies precisely in one of the state social programs.

Interest-free housing loans for young families

Social government programs to subsidize mortgages are designed to provide targeted assistance to young families in obtaining housing capital. Credit concessions operate on the basis of individual banks, where credit agreements are drawn up. Gazprombank and Sberbank are among the few financial institutions that work with this social program.

Interest-free mortgage for a young family in 2019 offers a free option of assistance in accordance with the prescribed conditions. Such financial support is designed even for those families where there are no children yet. However, in families of two, the allowable government subsidy rate is only 30%.

If the family has a minor child, then the amount of support is calculated based on out of 35%. At the birth of the third child can rely on 40% state support. In individual administrations regional centers you can request additional financial support for the purchase of real estate for a young family within 5-10%.

The funds allocated by the state can be purposefully used to pay the initial mortgage payment and other interest. Due to this, it turns out that the mortgage resets its loan rate, which is paid from the funds allocated by the state. Additionally, when paying a mortgage, you can use " maternity capital”, as well as other social programs that are provided for by law.

Conditions for opening a mortgage for young families

To better understand the question of how to get an interest-free mortgage for a young family, you should study the conditions of such a state social program. Without compliance with such requirements, the use of public funds will be impossible.

So, young families without children have the right to purchase real estate on mortgage terms. with living area not exceeding 42 m2. If a young couple has children, then the calculation formula becomes the following - each family member can count on 18 m2.

At the same time, it will be necessary to collect the main package of documents to submit them to the bank for opening the appropriate mortgage lending program:

• Marriage certificate.
• Passports of each of the relatives.
• A certificate that confirms the participation of a married couple in the relevant social program of the state.

You can obtain a certificate of participation in the state program on the basis of an application to the local authorities. The couple gets in line. The final decision will be made within 30 calendar days.

Mortgage without interest according to Sharia law

According to the laws of the Islamic religion, believers do not have the right to participate in banking programs where there is interest. That is, both loans and deposits are not available to them. Therefore, all over the world there is such a thing as "Islamic banks", which have their own terms of service and work with clients.

A mortgage without interest on an apartment under the terms of Shariah will be a long-term installment option for the indicated amount of housing real estate at an inflated market value on the same bank interest. With this approach to lending, a Muslim can afford to buy an apartment without conflict with his religion.

However, the legislation only deals with such an issue on the basis of global practice. According to general estimates, the total volume of financial flows among "Islamic banks" is up to 2 trillion. dollars.

Interest-free mortgage from Russian Railways

Young specialists, as well as for pensioners who were or are in the structure of the Russian Railways company, have special benefits when registering and buying real estate. Support is provided exclusively to employees of the company, and not to every interested citizen of Russia. Don't confuse this!

Russian Railways cooperates with VTB24, and therefore, in the branches of this financial institution, it is possible to draw up a mortgage agreement with special subsidies. The benefit is that the employer himself will directly compensate for 7.5% of the monthly overpayment on payments. This is the standard rate for all Russian Railways employees.

If the application is drawn up by a young specialist under 30 years old or employees with many children, then in such cases the company's benefit will cover 8.5% of loan payments. Then, when choosing certain banking mortgage programs, the loan will be either interest-free or with a minimum monthly overpayment.

Outcome

The question of how to get a mortgage without interest was asked by many Russians. And it is obvious that it is a completely achievable goal, taking into account the multitude of social programs that are envisaged today. Not only the state, but also a number of major companies offer profitable subsidies under mortgage agreements in order to make the purchase of real estate more affordable.

In our country, for many, the acquisition of their own housing remains a significant problem. Not so many people can earn it on their own. Therefore, the vast majority of our fellow citizens prefer not to wait all their lives, but to get a loan or credit to buy an apartment or their own house.

The state has developed several social programs that are designed to financially help in the acquisition of housing for vulnerable categories of citizens. To date, you can get special subsidies that will be used to pay off some of the debt for an apartment. This will be considered a government loan that does not require repayment. How to get such a loan for housing?

If you are a resident of the Far North or have worked in this area for fifteen years or more, but you do not have your own housing, then there is a chance to receive a special state subsidy. To obtain it, you must personally contact the local executive authorities. About what documents you need to have with you, it is best to check on the websites of the regional authorities. Because different regions require different packages of documents. Next, you will be put on a waiting list for a loan, and as a result, you must receive a State Housing Certificate, which is backed by a certain amount of money.

If you are a young family, you can also get a special government loan for the purchase or improvement of housing conditions. The main thing is that the age of one of the spouses does not exceed thirty-five years. Local administration staff will personally receive you and assess whether you are a young family who really needs help. In case of refusal to re-submit documents is useless.