Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Post Bank increased the maximum loan amount for country houses

Post Bank increased the maximum loan amount for country houses
Photo: pixabay.com

The Post Bank increased the maximum loan amount for country houses to five million rubles. The loan rate under the new program will be lower than the mortgage rate - up to 4,9% per annum. The rate is valid only when buying a house from accredited developer partners.

According to the press service of the Post Bank, it is possible to issue a POS loan for a country house in the amount of up to five million rubles for a period of up to seven years. It is predicted that this will allow the bank to more than double the number of such loans by the end of the year.

POS loan for prefabricated houses is an alternative to mortgages and cash loans. There is no collateral here, the loan is issued according to two documents - a passport and SNILS. The POS loan has a lower rate.

The minimum down payment is 10%. The applicant receives a preliminary decision on the loan online within a minute. An application for a loan can be submitted both on the bank's website and directly to the developer, who will select a house project, calculate the cost and accompany the transaction until the end of construction.

According to Andrey Pavlov, Vice President, Director of Partnership Network Development at Post Bank, last year against the background of restrictions on coronavirus, developers noted an increase in demand in this segment by more than 50%.

“Post Bank had 40% more applications than in 2019. And this year the trend will only gain momentum, ”he added.

In small towns, residents prefer to use a cash loan or POS loan to improve their living conditions, rather than a mortgage, as in large cities. In the next two to three years, POS loans for country houses can seriously compete with mortgages and non-targeted loans.

You can get a loan rate of 4,9% on condition that a comprehensive insurance program is issued, which includes home insurance during construction and upon its completion, insurance of the client against loss of income and against accidents. A loan for a country house can be taken without insurance, but in this case the rate will be 9,9% per annum.

May 8: current information on coronavirus in the Far East
Digest of regional events and latest statistics