Recently, the credit market of the Russian Federation is undergoing great changes.This is due to the fact that a large number of banks were not able to survive the first years of the financial crisis.In many organizations, this service is completely changed as a mortgage.Agricultural Bank is an excellent example of the new trends in the credit market.
Because of fluctuations during the crisis, many have been forced to offer its investors a very high interest rates, which in turn led only to further bankruptcy.In addition, many organizations have been forced to invest their money in companies with a very high risk that many ended very badly.Such a policy of financial institutions greatly undermined its credibility by the average user.It is because of the struggle for consumer banks were forced to change their credit programs towards greater convenience and fewer hidden fees.An important role is also played by the recently adopted law that protects the rights of both depositors and borrowers of the bank.Now, financial institution must provide the most comprehensive and timely information on all required payments related to the registration of a credit program.
Agricultural Bank: mortgage, conditions in 2013
With the development of modern technologies and the credit market a credit program is greatly simplified.There is no need to search through a pile of papers to arrange this service as a mortgage.Agricultural Bank provides its loans at soft interest rates - from 12 to 14% per annum.Get a loan by simply filling out the application form and provide the financial institution required documents:
- a valid passport of a citizen of the Russian Federation;
- active residence next to one of the branches of Agricultural Bank;
- second document that can confirm the identity of the client;
- signature guarantor.
buy property usually serves as collateral object when you make a program such as mortgages.Agricultural Bank is ready to consider a pledge not only a complete real estate, but shares in a newly built house or land.Young families should also be aware that there are several government grants, with which you can solve the land question with a minimum of effort.
Agricultural Bank: mortgages for the construction
addition of the program on a ready-made housing, the borrower can get a loan on a property in a newly built house.This program will be slightly different from the standard.The first difference is the increased interest rate on the program prior to putting the house in operation.The percentage would be about 16%.However, the completion rate will be lower than the total of the mortgage program.In this case, the Agricultural Bank will provide a loan at 13% overpayment per year.Making a house under construction on the loan is the wisest option.In this case, the overpayment on the loan just will cover the difference between the newly built flats and apartments in the old house.
