The income of state employees often does not allow them to take various loans from banks, not to mention participation in mortgage programs. Especially for such categories of workers, special programs are being developed at the state level, for the implementation of which large state-owned banks are involved. Sberbank is one of such banks, where mortgages were provided to state employees in Sberbank, state support for social mortgages in 2019 on favorable terms.
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Sberbank's requirements for public sector clients
The following categories of the population can apply for a mortgage on preferential terms: teachers, doctors, military personnel and employees of the Ministry of Internal Affairs, as well as other employees of state structures.
In Sberbank, you can take a preferential mortgage if:
- wages are accrued from the state fund;
- there is no housing or there is a need to improve housing conditions;
- the large family;
- be a member of the military or a veteran.
Documents required for obtaining a social mortgage
You can download the list of documents for obtaining a preferential mortgage at Sberbank here:
In order for the bank to issue a mortgage on favorable terms, it is necessary to collect a complete package of documents confirming belonging to one of the above categories of the population.
The benefit under this mortgage program can be expressed in the following conditions:
- reduced mortgage rate compared to the rates of other mortgage programs of the bank;
- transfer of funds to repay the first part of the loan;
- a one-time government tranche (share of the loan), with which you can repay part of the loan.
Social mortgages in Sberbank
Mortgages for state employees in Sberbank, state support for social mortgages in 2019 are offered under several programs: “Young Family”, “For the Military”, and also “Social”.
Program "Young family" with state support
Under this program, you can get a loan for housing if the age of the husband and wife does not exceed 35 years. Calculation of the main parameters of the mortgage is carried out based on the price of real estate. More details on the page .
Also, since 2019, there has been a program to support families where the second and third child is born (under 6%), more details on the page .
To get a lower interest rate, you need to apply for a loan for a minimum period (up to 12 years). If one of the family members receives a salary through Sberbank, the rate can be further reduced (by about 0.5%). You can reduce the loan rate by 1% through life and health insurance at the insurance company Sberbank Insurance or other companies accredited by Sberbank PJSC. The bank may not require confirmation of the client's income, but in this case, the lending conditions will be less loyal.
If there is a certificate for receiving maternity capital, these funds can be used to pay off the first installment on a mortgage from Sberbank.
As part of the social mortgage from Sberbank, you can take a loan for any need:
- buying a home on the secondary market;
- acquisition of a property in a new building;
- purchase of a private house or cottage;
- building your own home.
The maximum repayment period for a social mortgage is 30 years. You can apply for a loan in both national and foreign currencies. Under this program, it is possible to obtain a certificate to pay off some part of the mortgage. As a rule, the amount of funds is about 30% of the cost of housing (according to expert or market assessment). If there are minor children in the family, the amount of funds can be 35%. If there are any other conditions that affect the size of the subsidy, the level of funds can reach 45%.
military mortgage
Mortgages for military personnel have their own characteristics. Thus, the client must take part in the NIS program and be no older than 45 years. The maximum loan repayment period is 20 years.
The funds that the borrower receives in his account can be spent on making the first installment. The rest of the proceeds can be used to pay the mortgage. The mortgage rate will be 9.5%. If you do not have enough funds, you can apply for an additional loan to pay off the mortgage. All types of mortgage programs in Sberbank:
More details on page .
Terms of lending in Sberbank
For all clients of Sberbank, a loan is issued on similar terms. Mortgages for state employees in Sberbank, state support for social mortgages in 2019 are described in detail in the video review.