Consumer loan against mortgage of real estate

Main conditions for receiving a loan

Purpose of loan
For any purpose.

Interest rates
from 14.10% in foreign currency, from 16.65% in RUR.

Loan sum
Up to 50% of the appraised value of the real estate mortgaged (but not less than 20%).

Loan currency
RUR, USD, EUR.

Credit term
At least 12 months and not more than 84 months (term, multiples of 12 months)

Loan sum
Moscow area — from 490 000 RUR (equivalent at the Bank of Russia exchange rate in the loan currency when the Application is submitted to the Bank).

Subsidiaries — from 170 000 RUR (equivalent at the Bank of Russia exchange rate in the loan currency when the Application is submitted to the Bank).

Collateral
Mortgage of residential premises:

• two apartments (two houses);
• two country cottages;
• apartment and country cottage.

• land plot;
• garage (parking place).

Consumer loan against mortgage of real estate*

* If the loan is extended to a client who is an employee of a salary project and/or corporate client of the Bank, the interest rates are cut by 0.65 percentage points*****; of the loan is extended to a client introduced to the Bank by a partner company (real estate agent of credit broker), the interest rates are cut by 0.5 percentage points;

** Inclusively

*** If the income is confirmed by a Bank form, the interest rate is raised by 1 percentage point

**** In the absence of personal and title insurance, the interest rate is raised by 3 percentage points

***** Provided the borrower/coborrower meets the criteria for the given class of clients established by the Bank

Pledge (mortgage) of two residential premises (apartment, residential house [cottage]), two dachas (it is allowed to pledge residential premises and dacha) and a land lot providing functional support for the residential premises, dacha / tenant rights of such land lot or pledge of non-residential real estate (land lot, garage or a car bay and a land lot providing functional support for a garage or a car bay / tenant rights of such land lot) owned by the Borrower or Co-borrower.

The cost of pledged property must be confirmed by appraisal of the independent appraiser. The Bank recommends its customers and borrowers engaging independent appraisers and appraising companies, in relation to which positive collaboration decision has been made. The appraiser must appraise mortgaged property not earlier than 3 months prior to the moment the Bank accepts mortgaged property as collateral.

The following property may be mortgaged:

— two residential premises (two apartments, two residential houses)*;

Main Requirements to Residential Premises to be Mortgaged:

1. Residential premises that are a separate apartment in the house, detached house (cottage) or townhouse designed for permanent residence that consist of one or more rooms, for which ownership is registered in accordance with the established order, may be mortgaged.
2. Residential premises to be mortgaged must meet the following requirements:
   • they must be connected to electric, steam and gas heating systems enabling supply of heat to all areas of the residential premises, and to the sewage system;
   • they must have hot water supply (including that with use of gas heating systems) and cold water supply in the bathroom and the kitchen;
   • have sound state of plumbing equipment, doors, windows and roofs (for last floor apartments).
   • if residential premises are purchased in newly built houses, apartments may have no plumbing equipment, interior finishing, provided however that all mainlines are connected, including: central water supply, sewage system and electric power supply;
   • if residential premises are purchased in rural area, such premises may have no connection to centralized water and gas supply systems and to the sewage system, provided however that standalone supply of the above is supported.
3. The building that houses a pledged property must meet the following conditions and requirements:
   • It must not be in critical state;
   • It must not be registered as the building that requires major repair with evacuation of dwellers;
   • It must not be included in demolition plans of local and (or) state authorities;
   • It must have reinforced concrete, stone or brick foundation.

   The following real estate property may not be mortgaged:

   • apartments in apartment houses:
     • whose bearing walls contain wooden structures;
     • whose floor decks entirely consist of wooden structures;
     • light-construction houses (panelized/wooden houses) with corridor or section layout system, having common sanitary rooms and kitchens);
     • houses of "hostel" type (houses with kitchens or sanitary rooms shared by multiple apartments);
     • houses built before 1957 lower than 6 floors (except for cases when the borrower submits a certificate issued by an authorized body and confirming that the house in question is not to be demolished or reconstructed in compliance with orders of state and local authorities);
     • bearing-wall houses lower than 6 floors that were built more than 20 years ago (inclusively); brick houses lower than 6 floors that were built or had the last major repair more than 30 years ago (inclusively).
   • apartments, title for which is not registered in the Unified State Register of Rights to Immovable Property and Transactions therewith (hereinafter referred to as the Unified Register);
   • apartments in ramshackle houses, houses recognized to be failing buildings in accordance with the established order, houses to be demolished for other reasons provided for by the existing legislation of the Russian Federation, including attachment for state and/or municipal needs, at the time the decision is made of the apartment / residential premises mortgage;
   • residential premises that are subject in contest;
   • apartments in houses to be reconstructed and (or) subject to major repair, unless otherwise is determined by loan departments based on the character of reconstruction or major repair in question.
   • residential premises used for purposes other than their designated purpose and permitted use (in case residential premises are reequipped and redesigned to be used as non-residential premises without agreeing in the order established by the law).
   • detached residential houses:
     • older than 20 years, except for houses, for which positive opinion of the Appraiser confirming satisfactory liquidity of the property is available (but not more than 50 years for brick houses);
     • houses not designed for permanent residence (summer houses, dachas, garden houses and other constructions, which do not support borrower’s registration at the place of residence);
     • houses located on the agricultural land;
     • houses located on the land referred to such categories as lands of industry, power generation sector, transport business, communications, radio broadcasting, television, IT sector, lands used to support space activity, lands of defense and security, and lands of other special designation;
     • houses built on land lots owned by the seller on a leasehold basis, in case the lease period expires earlier than the loan agreement plus one year;
     • construction in progress houses completed by less than 75% (completion percentage is determined by an independent appraiser and is specified in the Appraisal report).
4. Residential premises must not be pledged property securing any other obligations, must not have any other restrictions (encumbrances), whether subject to state registration or not, in particular, they must be free from rights of use by any third parties that are not owners of the residential premises to be pledged or family members of the owner (Borrower’s / Co-borrower’s spouse, parents, siblings);
5. In addition to the above requirements, one of the two residential premises (or the residential premise, or the dacha, if the residential premises and the dacha are to be pledged) must have no citizens having rights of use of such apartment, including registered citizens.

— two dachas*;

Main Requirements to Dachas to be Mortgaged:

• title for the real estate property must be registered in the Unified State Register of Rights to Immovable Property and Transactions therewith;
• the building must be a permanent structure with connected mainlines, which must be confirmed in the Appraisal Report;
• the building must be situated on the lands referred to “land of cities and population centres” category with permitted use for dacha construction;
• the land lot must have no other constructions and structures, for which Pledger’s ownership is not registered. If the land lot has other constructions and structures, for which ownership is registered, such constructions and structures must be mortgaged to the Bank together with the building;
• no debt for utility and electric power bills, which must be confirmed by the operating entity;
• dachas must enable permanent residence of citizens with the right of their registration at the place of residence;
• A dacha must not be pledged property securing any other obligations, must not have any other restrictions (encumbrances), whether subject to state registration or not, in particular, it must be free from rights of use by any third parties that are not owners of the dacha to be pledged or family members (Borrower’s / Co-borrower’s spouse, parents, siblings) of the owner;
• In addition to the above requirements, one of the two dachas (or the dacha, or the residential premise, if the residential premises and the dacha are to be pledged) must have no citizens having rights of use of such dacha, including registered citizens.

— land lot;

Main Requirements to Land Lots to be Mortgaged:

1. land lot size must be within the range of maximum and minimum values of the area established by regulations of constituent entities of the Russian Federation and these of local authorities for lands of different categories and purposes;
2. the land lot:
   • has no buildings, constructions, structures, whether built or being built, including construction in progress;
   • or has buildings, constructions, structures, whether built or being built, including construction in progress, that are owned by the Pledger as a property registered in the Unified State Register of Rights to Immovable Property and Transactions therewith, as confirmed by respective documents. In this case, the land lot is mortgaged together with real estate property situated at the land lot. At the same time, the land lot has no other buildings, constructions, structures, ownership for which is not registered in the Unified Register.

Land lots to be mortgaged must meet the following requirements to categories of lands and kinds of permitted intended use:

• land of cities and population centres with permitted use:
  • for private housing construction;
  • for dacha construction (with the right to erect a residential house and the right to register residence in such house);
  • for maintaining a private subsidiary farm (small holding).

The Creditor does not provide mortgage for:

• land lots excluded from or restricted in circulation;
• land lots that may not be mortgaged in compliance with the existing legislation of the Russian Federation;
• land lots, whose area is out of the range of maximum and minimum values of the area established by regulations of constituent entities of the Russian Federation and these of local authorities for lands of different intended use;
• parts (shares) of land lots;
• land lots, Pledger’s title for which is not registered in the Unified State Register of Rights to Immovable Property and Transactions therewith;
• land lots, for which encumbrances and restrictions are registered in the Unified State Register of Rights to Immovable Property and Transactions therewith;
• land lots that have buildings, constructions, structures, whether built or being built, including construction in progress, Pledger’s title for which is not registered in the Unified State Register of Rights to Immovable Property and Transactions therewith;
• land lots unfit for construction purposes.

— garage or car bay;

Main Requirements to Garages and Car Bays to be Mortgaged:

• for the date of appraisal held by an independent appraiser, title for the real estate property is registered in the Unified State Register of Rights to Immovable Property and Transactions therewith;
• according to the appraisal report data, property is a permanent structure (for garages);
• the property is in security heated garage centre, underground parking in the office centre of the residential estate;
• no debt for utility and electric power bills, which must be confirmed by the operating entity

*it is allowed to pledge residential premise and dacha