The procedure for issuing a mortgage loan: stages and terms of registration

Mortgage approval at VTB - current bank offers

VTB offers a wide range of mortgage programs. Their gradation is determined by the type of apartment being purchased, the status of the borrower, and the possibility of implementing state support. Let us outline the main parameters for approving each mortgage:

New building
. The maximum amount of approval is 60 million rubles, the minimum is 600 thousand rubles. Settlement rate – 9.1% and higher, repayment period – up to 30 years, down payment – 10% or more.
Secondary housing
. The approval conditions are the same as for a new building. It is possible to reduce the percentage to 8.9% when purchasing apartments from 65 sq.m. and payment of the initial amount from 20%.
Refinancing
. Favorable refinancing - the bank repays the existing mortgage at a reduced interest rate (from 8.8%). Approval of up to 30 million rubles is possible, but not more than 80% of the value of the property.
Military mortgage
. Individuals who have been participants in NIS for more than 3 years can count on approval from VTB. The maximum possible financing is 2.435 million rubles, the term is 20 years. Moreover, at the time of repayment of the loan, the borrower should not be older than 45 years.
Non-targeted collateral loan
. Loan for any needs up to 15 million rubles. subject to the provision of a real estate mortgage. Rate – from 11.1%, term – up to 20 years.
State support
. Lending to young families with children at a low rate of 6%. The grace period depends on the number of children. Approval can be obtained by both a husband and wife and a single parent.
Sale of collateral real estate
. Purchase of housing secured or owned by VTB.

On a note. Those who want to get a mortgage approved without unnecessary delays can use the “Victory over formalities” program. Issuance of two documents at 9.6% per annum. The client must provide 40% down payment.

Mortgage approval at VTB 24 - reviews

The reasons for mortgage denial listed above are not made up - they are taken from banking forums and review sites. There is practically nothing to add to them. Is it just the suspicion expressed repeatedly that the applicant’s refusal of insurance leads to him being denied a loan under one pretext or another.

Formally, the bank has no right to do this. But, judging by the same philippics on the forums, the queue for getting a mortgage is huge. Managers can choose the most convenient clients and weed out others.

The market is the market. If demand is high, the seller dictates his terms.

Who will VTB approve a mortgage: requirements for borrowers

Applications from applicants working in the Russian Federation are accepted for consideration. In this case, registration and citizenship do not play a special role. When negotiating a mortgage, the main focus is on the applicant's income and credit history.

Important! The total work experience is at least 12 months; in the last place, the client must work for at least six months.

To increase the likelihood of approval of the transaction, financial support from co-borrowers is allowed. VTB allows you to call one, two or more guarantors. The following are considered reliable co-borrowers: solvent children, parents, common-law spouses, sisters, brothers and other close relatives.

The procedure for approving a mortgage at VTB 24 is very simple. The stages of processing and approving a home loan at VTB are standard. The decision whether or not to issue a mortgage is made after submitting an application and analyzing the solvency of the borrower and co-borrowers.

Read more: How many sick days are paid per year?

Deadlines for obtaining a mortgage from a bank

In general, this can last about six months. Until the necessary documents are collected, all the necessary transactions will take place, as well as 3-4 months to choose future housing.

Processing period for a mortgage application at Sberbank

The official website states that the processing time for a mortgage application at Sberbank is from 2 to 5 working days. But there is no need to panic if it drags on for a couple of days. It is better to contact the bank and find out why this is so. Sometimes some certificates or additional documents may be required. In some cases, the application may take a month or more to be considered. This is influenced by the data provided and its reliability.

If the borrower is already a client of Sberbank, for example, receives a salary into a bank account and his credit history is positive, then the application can be considered quite quickly.

VTB 24 deadline for reviewing a mortgage application

At VTB 24, the processing time for a loan application is only a few minutes, but it can take several days. From 3 or more. And if it is a mortgage, then from 4 to 5 working days.

Will VTB approve a mortgage - preliminary calculation

You can find out the likelihood of approval yourself by calculating your mortgage using an online calculator. The result of the calculations will show how realistic it is to get a loan from VTB with your existing income. The service is provided on every page of the website with a mortgage product.

What to do:

Fill out the form, enter: the market price of housing, the amount of the down payment and income.
Click "Calculate".
Evaluate the result.

Mortgage calculation at VTB 24 on the bank’s official website

The program will display on the screen how much you can borrow, for how long and what the monthly payment amount is. The data is quite arbitrary, but it reflects the general situation. For clearer information, you must apply for mortgage pre-approval.

Bank work

The bank’s official website states that the company reviews the loan application and makes a decision within 1 business day. If the borrower has a dubious reputation or the bank simply does not have time to process all applications, the time frame for making a decision may increase to several days.

According to statistics, VTB Bank employees review mortgage applications within 5 - 7 days. Sometimes this process takes several weeks. Such differences can arise for various reasons:

1. Depending on the category of the borrower

If a salary client submits an application, a decision will be made within a couple of days. This is understandable, because such a borrower poses minimal risk to the bank - everyone knows about his income. A bank employee can print out account statements at any time and receive all the necessary information about the client, information about the amount of salary, the date of its crediting, and available deposits.

The exception is for clients who want to get a loan from the bank in the amount of 500,000 rubles or more. In this case, you will have to bring a photocopy of your work book, which should bear the seal of the enterprise, the signatures of the director and chief accountant. In addition, documents for real estate or transport owned by the client will be required. It may take quite a long time for all the documents to be collected, submitted and reviewed.

2. Taking into account the type and number of documents

The more documents the bank requires, the longer they will remain under consideration. If any typo or error is found, the review process will need to be started again.

3. Depending on your credit history

If a potential borrower has an impeccable reputation and a good credit history, his application will be reviewed within a few days. If there are errors and the client has outstanding loans, then the application will be considered for a long time, and it is unlikely that they will be able to make a positive decision until the client closes all current loans.

4. Taking into account the workload of the department

This factor also exists. For example, when a bank offers profitable mortgage programs with promotions and special offers for new buildings, the company receives a lot of applications from those wishing to purchase such housing.

During promotional periods, there is a significant rush from borrowers, so the processing time for applications may be delayed.

Applying for a mortgage

It is very easy to find out a preliminary decision at VTB. The company has developed a simple online survey form that allows borrowers to quickly assess their chances of approval. You can proceed to filling out the application by clicking on the “Fill out application” button.

The form must display:

Personal data: full name, year of birth, contacts, E-mail.
Job information: employer’s tax identification number, income, length of service.
Mortgage information: condition of the property being purchased, region where the property is located, down payment, housing price, repayment period.
Passport details.

After filling out the application, click on the “Submit” button and wait for a response.

Applying for a mortgage at VTB 24

Standard procedure

Leading participants in the mortgage market, which includes VTB 24, have long worked out a scheme for issuing targeted loans. Employees will always give advice to clients, even if they have no experience in applying for loans. If the borrower has received pre-approval, he will have to do the following:

Search for housing . You can select a property yourself or with the help of real estate agencies. The bank does not insist on the participation of intermediaries, but can recommend reliable accredited realtors. Their help expands the choice and speeds up the deal.
Checking an apartment or house . The documents received from the seller are examined by specialists from the bank and insurance company. In order for VTB 24 to finally approve the mortgage, they must ensure the legal purity and legality of the purchase and sale. The liquidity of the living space, which will become collateral, will also be assessed.
Grade . The service is paid for by the client and provided by independent companies. The lender works with some appraisers, but you have the right to choose other experts.
Conclusion of a loan agreement . Please read the document carefully before signing. If something worries you, it is better to clarify controversial issues in advance to avoid disagreements.
Purchase of real estate . You can prepare documents yourself or with the assistance of realtors or lawyers.
Premises insurance . Collateral must be protected from the risks of loss and damage.

From the moment VTB 24 approved the mortgage until the final stage, no more than four months (122 days) should pass. This period is usually enough to buy a home on credit, although it’s better to hurry up and not wait until the last minute.

VTB 24 approval: how long to wait for a banking decision

After submitting an application, potential borrowers are wondering how long VTB will approve a mortgage. The bank’s actions are standard in most cases:

within three hours from the moment the application is sent for approval, a bank employee contacts the client and clarifies the missing information;
the application can be approved within one or two days, then an SMS notification with a preliminary verdict will be sent to your phone; in the same way, VTB can refuse a mortgage;
then the borrower collects a list of documents and brings them to the branch;
final approval based on paper evaluation – in 1-5 days.

Under the “Victory over formalities” program, you won’t have to wait long for a decision – the VTB mortgage approval period has been reduced to 24 hours.

On a note. The validity period of the decision is 4 months. At this time, the client must have time to choose a suitable property and apply for money.

What determines the processing time for an application?

The VTB website states that the bank makes a decision within 4-5 days:

However, this deadline is very rarely observed and the applicant has to wait from 5 days to 1 month. What is this connected with?

The client’s application is considered at 2 levels: locally, that is, at the branch where it was submitted, and then, after it has been pre-approved, it is sent to the bank’s head office in Moscow.

Delays may occur due to the fact that at the first stage, the application was not registered or was lost. And this can easily happen if it was simply accepted and did not include the incoming number, day, month and year of registration, and also did not enter information about the document in a special journal. Be sure to pay attention to these nuances when you submit an application at a bank branch.

In addition, the bank employee, copying the passport, SNILS and other documents required at the application stage, must put a mark on the copies that the copy is correct. Only in this case can you be sure that the documents will not be lost and you will not be asked to fill out a new application because the previous one has disappeared.

In this sense, it is more convenient to fill out an online application, which is registered automatically.

It also takes time to check the data provided in the application form. For example, making calls to the applicant’s accounting department and human resources department, checking guarantors and the employer, receiving answers to requests from the tax office, pension fund, credit history bureau and other sources.

It also takes a long time to make a decision if a high loan amount is requested. The bank will study information about the potential borrower even more carefully to avoid potential risks.

The processing time depends on the workload of the departments. For example, due to a decrease in interest rates, many borrowers rushed to refinance existing loans. Therefore, during such periods, applications will take longer to be considered.

Differences in online application deadlines depend on the chosen program. For example, under the “Victory over formalities” program, a decision is made within 24 hours, for the rest – within 4-15 days.

List of required documents

If VTB has pre-approved your mortgage, you can begin collecting the following documents:

application form;
passport of a Russian citizen;
insurance certificate of pension insurance;
Form 2-NDFL, a certificate in the VTB form or income declaration is acceptable;
a copy of the work book;
military ID - for men under 27 years of age.

At VTB, a mortgage is approved in full with the client’s consent to comprehensive risk insurance: loss of ability to work/loss of life, damage to the purchased apartment, restrictions on property rights. Important! Insurance against the risk of loss or damage to collateral real estate is required for the approval of all VTB mortgages.

How to apply for a VTB mortgage online

It is convenient to fill out and submit an application for a mortgage at VTB 24 online on the bank’s official website.

Go to the VTB website and select a mortgage lending program (“More meters - lower rate”, “Purchase of housing”, etc.). Each program has its own application form, although the differences between them are minimal and relate to the design of the title part of the document.

The main part of the application for a mortgage at VTB

Let's look at filling out an application using the example of the “More meters - lower rate” program. The first part of the application is the personal data of the mortgage applicant:

FULL NAME;
Date of Birth;
Phone number;
Email.

The second part of the application concerns the applicant’s employment. Here they indicate:

Employer's Taxpayer Identification Number or company name;
Average family income per month;
Length of experience at current place of work;
Total work experience.

The third part of the application is devoted to the description of the loan. They report here:

Purpose of lending (purchase of finished or under construction housing);
Where the applicant is going to buy real estate (name of city, region);
The cost of the purchased property;
The size of the requested loan and the amount of the down payment;
Estimated loan repayment period.

All that remains is to indicate (in the special fields of the online application) the number and date of issue of the passport and click the “Submit Application” button.

VTB 24 approved a mortgage - how to find out the decision

As a rule, you don’t have to wait long - VTB promptly communicates the decision made. However, if the banker does not notify you of the loan approval or refusal within a week, you should not wait - it is better to act independently. You can find out the solution by calling the help desk - 8-800-100-24-24

. An alternative option is to leave a request to customer support. You can go to the contact form by clicking “Customer Care Service” - the button is located in the lower right corner of the site.

VTB 24 Bank contacts for communication

You can find out more information about approving a VTB 24 mortgage from the specialist who accepted the documents for consideration.

Read more: How to legalize a storage room in the entrance of an apartment building

VTB offers borrowers flexible mortgage terms. The bank is ready to approve an application based on two documents; cooperation with clients without registration and citizenship of the Russian Federation is acceptable.

Mortgage loan from Otkritie Bank with a rate of 9.3% →

Mortgage: offers from banks

Bank	% and amount	Application
Bank Otkritie mortgage	from 9.3% Up to 150 million rubles.	Direct application
Sberbank of Russia mortgage loan	from 8.2% to 70 million rubles.	More details
VTB 24 mortgage loan	from 9.2% to 60 million rubles.	More details
GAZPROMBANK mortgage	from 9.5% to 42.5 million rubles.	More details

The annual rate, lending period, and total amount to be disbursed are the classic parameters by which future borrowers monitor changes in loans in the banking industry. But there are a number of additional criteria that play a big role for clients. One of the list is the approval process for a home loan.

Mortgage loan from Otkritie Bank from 9.3% → Apply

In fact, the parameter means the time that the financial institution has allocated to the family to search for future collateral. And not only.

Stages of obtaining a mortgage at Sberbank

Do you need help? Consult our lawyer for free!

Laws in our country change very often! Get the latest information by phone!

Just call from any region of Russia:

Or contact our online consultant!

Now let's look at what stages of applying for a mortgage at Sberbank will await you if you decide to apply for a loan.

Selecting a mortgage program

First of all, pay attention to the down payment and whether you can pay it.

Sberbank works with maternity capital and government support programs, this allows you to make a smaller initial contribution or not pay it at all.

Also, when choosing the loan amount, pay attention that the funds for its repayment are no more than 60% of the family income, or in some cases 70% is allowed.

Applying for a loan

When a banking program has been selected, you are convinced that it is completely suitable for you, it is time to apply for a loan. To do this, you need to collect the appropriate package of documents and come to the bank with it.

Required package of documents

It is better to think about them as early as possible. Because they influence whether the bank will approve the loan or not. Sberbank requires the following documents:

copy of passport (all pages);
certificate of income for the last six months;
a copy of each page of the work book or employment contract, which is certified by a notary or employer;
statement.

If there are benefits, then you also need to provide the necessary list of documents on them, as well as additional sources of income (if any).

Choosing housing and registering mortgage collateral

For Sberbank clients there are no restrictions on the choice of housing and its type. You can choose either a secondary market apartment or a new building.

Requirements for housing are limited by the assessment and its location in the service territory of Sberbank. The cost of the property must not exceed the maximum loan amount.

Now we actually move on to registering the collateral. The housing purchased by the borrower serves as collateral. When the purchase and sale agreement is concluded, the housing will need to be re-registered and an encumbrance mark will be installed, which confirms the bank’s interest.

Purchase and sale transaction

After signing the loan agreement, the funds are transferred to the borrower and the purchase and sale procedure can begin.

Often the money is transferred to the account of the seller or the developer. Also, sometimes a safe deposit box is rented in which all funds are stored until the transaction is completed.

Registration of mortgage and apartment ownership

Immediately after the purchase and sale transaction, the borrower receives full ownership of the apartment. But there is a burden on the apartment, since it was purchased with money borrowed from a savings bank.

This means that the new owner does not have the right to sell the property or anything like that. But the property must be registered by the state. It consists in drawing up an act of transfer of housing from the old owner to the new one and issuing a corresponding state certificate of a new type.

When the bank client repays the debt, he will need to submit an application to remove the restrictions and receive a new certificate (optional).

Insurance

An apartment purchased on credit and pledged by Sberbank is subject to mandatory insurance. If you wish, you can insure your life and health, but if not, the bank may increase interest rates.

The bank chooses the insurance company because it cooperates with them. The insurance company provides discounts and benefits to Sberbank clients. The amount will be extremely small.

The insurance agreement will be signed along with the loan agreement. It will indicate all possible risks associated with the apartment in the event of which the company undertakes to make insurance payments.

If the borrower insures his life or health, the bank will have more confidence in him, since this is a guarantee that even after the death or disability of the borrower, the loan will be repaid with insurance payments.

What does it look like

When choosing an apartment in a new residential complex, people often come to the office with the selected property from the developer. They have no questions regarding compliance with the preparation of documents. With apartments on the secondary market, everything is different.

To begin with, clients receive the go-ahead from the credit committee, then start searching for real estate within the agreed limit, and then check with the potential seller to see if everything is in order with the papers. Sometimes three months is not enough for this. Let's look at all the transactions in more detail.

How to speed up

Firstly, you should constantly monitor the status of the submitted application. To do this, you need to call the department to which you submitted it, ask what stage it is at, whether additional documents are needed, and whether all conditions have been met. Especially, you need to become more active when the last day of consideration comes, and there is no response on the application yet.

You can speed up the process by reviewing detailed and correct filling out of the application form, as well as providing originals and copies of additional documents

"Primary"

The procedure looks very simple. The family chooses an apartment or house with a plot, reserves it, and then sends applications to several institutions.

You should definitely contact those branches that have managed to accredit the developer and have developed unique programs (you can find out everything from the developer). This scheme is relevant for clients negotiating a salary project.

As a rule, bankers offer a discount of 0.5% -1% from the standard rate. This is loyalty to its customers, it is prescribed in the cooperation agreement between the company and the bank management.

That is why people first choose the property they like, and with ready-made data they go to the bank manager in order to get more favorable loan terms.

How to find out about the bank's decision

Usually the bank informs about its decision by sending an SMS message to the applicant’s number. But you can find out if your application has been approved by calling the call center number 8 800 100-24-24. It will also be easy to track the movement of the document and the decision on it if you have the phone number and email address of the mortgage manager assigned to you.

You can also find out about approval from the VTB Online Internet bank.

Approval of a mortgage loan at VTB follows a standard procedure. However, the lender is more loyal to the consideration of the application and is ready to make certain concessions to borrowers. How does a bank approve a mortgage and what can potential clients expect?

"Secondary"

In general, it will take about 3-4 months to find an attractive apartment. But financial experts believe there's more to it than that. Figuratively speaking, future loan applicants descend “from heaven to earth” over time.

Real housing prices, lack of documents from sellers, as well as the actions of some market players who want to sell their property at a high price and quickly, make adjustments to the buyer’s preliminary calculations.

Brokers advise to include in the application the maximum possible amount that the family budget will support. But people, on the contrary, write as much as they need.

As a result, you can find beautiful housing, but the price will be much higher than stated. And there will be no time to rewrite a new application, coordinate, and collect the entire package of documents. You will either have to give up the house or find your own resources to cover the difference.

Nuances of consideration of the application

The time it takes to verify a mortgage application at VTB depends on several factors. But on average, the procedure should take from 1 to 5 days. But often this period can extend.

Information from the official website of VTB Bank

What determines the time frame for consideration of an application?

Submitted documents are most often delayed when submitting an application to a bank branch. This is due to the fact that before a mortgage is approved, the application for its submission is considered at two levels. The first level is the bank branch itself. There, the application is checked before being sent to the bank's head office in the capital. It may be delayed at the local branch due to loss, incorrect execution or failure to enter information about the received application. In this case, the client may be asked to contact the bank again and fill out the necessary documents. For all these reasons, applying for a mortgage online is a priority.

What do banks offer?

The validity period for mortgage confirmation varies from institution to institution. And no one calls this parameter the main one, rather an additional one. It takes no more than 5 days to receive a (preliminary) response. Afterwards, a period is given to choose housing.

Let's consider which bank offers the longest validity period for the credit committee's response:

Sberbank – 90 days.
Raiffeisenbank – 3 months.
Promsvyazbank – 2 months. for the primary housing market and 3 months for the secondary market.

Read more: Rape of an interrogator in Ufa Komsomolskaya Pravda

Having found a house or apartment, you should make sure that the documents for sale are ready and everything is in order. Only then can an assessment of the selected property be carried out. The seller should be told that the transaction will go through the bank, since there also have their own issues.

The appraisal company will issue a verdict within 3 days, after which you can set up a deal. It can be seen that most of the validity period of the credit committee’s response is spent on searching or preparing documents for the transaction due to the fault of the seller.

With the decline in interest rates, mortgages began to revive after some stagnation observed last year and especially the year before. VTB 24 is one of the most popular lenders, apart from Sberbank, in the mortgage lending segment.

The validity period of a positive mortgage decision is 4 months from the date of approval. For comparison, for Sberbank this period is three months.

Mortgage applications are processed by the bank quickly. This takes from 24 hours to five days.

How long to wait for mortgage approval at VTB

The standard stated on the VTB corporate website is 1-2 days. In reality - up to 3 weeks. Much depends on how clearly the documents you submitted to the bank are drawn up (certificates of income, employment, etc.) and how easy it is for the bank employee to check the information you provided.

The mortgage decision is communicated via SMS to the phone number specified in the application.

If ten days after submitting a package of documents for a mortgage to the bank you do not receive an SMS, is it time to call hotline 8 and find out what happened?

Who gets a mortgage within 24 hours?

A special program called “Victory over formalities” exists for Russians. When applying for a loan, you only need two documents:

Russian citizen passport;
SNILS.

Requirements for the applicant:

age not younger than 21 years and not older than 70 years at the end of the loan agreement;
At least one year of work experience at the last place of employment

For such applications, the mortgage approval period at VTB 24 is one day.

We approved a mortgage at VTB 24, what next step by step?

Borrowers often think that the most difficult thing about mortgage lending is finding an organization that will agree to issue money. But the collection of documents and consultations with specialists finally ended with a positive result - VTB24 approved the mortgage. Inexperienced people are often lost and don't know what their next step should be. Nevertheless, there is no need to waste time, because the banking solution has a certain expiration date, after which it becomes invalid.

Search for housing. You can select a property yourself or with the help of real estate agencies. The bank does not insist on the participation of intermediaries, but can recommend reliable accredited realtors. Their help expands the choice and speeds up the deal.

Checking an apartment or house. The documents received from the seller are examined by specialists from the bank and insurance company. In order for VTB 24 to finally approve the mortgage, they must ensure the legal purity and legality of the purchase and sale. The liquidity of the living space, which will become collateral, will also be assessed.

Grade. The service is paid for by the client and provided by independent companies. The lender works with some appraisers, but you have the right to choose other experts.

Conclusion of a loan agreement. Please read the document carefully before signing. If something worries you, it is better to clarify controversial issues in advance to avoid disagreements.

Purchase of real estate. You can prepare documents yourself or with the assistance of realtors or lawyers.

Premises insurance. Collateral must be protected from the risks of loss and damage.

One of the last stages in time, but not in importance, is the transfer of money to the seller. Many borrowers are concerned about this particular issue, so we decided to talk about it in more detail. The bank is ready to assist in settlements, which can be carried out in one of the following ways:

Individual cell. The service is very popular in real estate transactions. The mode of granting access is fixed in the contract, so the seller receives the key only after completing all formalities.

Letter of Credit. This form is convenient for both parties: the buyer is protected from non-refund of funds if the provisions of the contract are not followed, and the seller is guaranteed to receive money if he fulfills the conditions.

Both options are absolutely reliable. By the way, the down payment, which must also be transferred to the second party when concluding a transaction, can be placed in a bank account in advance or added to the loan amount during settlements.