Main features of providing mortgages by Sberbank
As a bank included in the Top 10 Russian banking organizations in terms of assets and reliability, Sberbank provides clients with a variety of mortgage products.
At Sberbank you can get a mortgage for:
- Housing construction;
- Purchase of finished housing;
- Individual construction of a residential building;
- Construction of a wooden residential building (in Moscow, Moscow and Lipetsk regions);
- Construction of a country house.
Sberbank provides mortgage loans under preferential lending programs with government support, making it possible to implement Maternity Capital as part of improving housing conditions. He is one of the few Russian banks that are ready to issue non-targeted loans secured by real estate (i.e., practicing mortgages by virtue of an agreement).
Appendix No. 1
Appendix No. 1 contains information about the requested loan. The borrower indicates:
- Purpose of obtaining a loan. This could be the purchase of housing under construction or finished, refinancing or obtaining a loan secured by residential real estate. In the latter case, plans regarding money are indicated.
- Lending terms. This item is not completed by borrowers seeking refinancing. In separate columns, when submitting an application for a mortgage to VTB, the applicant writes:
- region in which the purchase is planned;
- type of object (apartment, house, townhouse, apartment);
- desired loan amount, repayment period and down payment amount;
- source of funds to pay the down payment (gift, own savings, NIS or maternal capital funds, other subsidies, loan).
Special programs
This item of the questionnaire is addressed to military personnel, persons choosing Victory over formalities with a corresponding increase in the down payment, or those wishing to purchase real estate put up for auction by the bank.
Desired payment period
The borrower can choose between the dates 2-5 or 15-18 of each month. As part of the Military Mortgage program, this item is not filled out.
Insurance
The borrower can choose a full package, including life and health insurance of co-borrowers and guarantors, with a reduction in the interest rate on the loan, or choose to insure only the risk of loss (destruction) of the collateral (required by).
Recommended article: Sberbank mortgage terms for building a house
Features of the questionnaire in Sberbank
The application form for obtaining a mortgage at Sberbank has a single form, regardless of which mortgage program the client has chosen.
The application form includes seven pages, six of which (p. 1-5.1) are filled out by the borrower, and the seventh (p. 6) is used to put official marks on the application form and is filled out by bank employees.
Another important feature of the application form for a home loan at Sberbank is the requirement for the person filling it out to provide detailed information. So, when filling out the fields relating to the personal data of a potential borrower, it is necessary to indicate in them his family connections, and when submitting information about employment, you must indicate:
- Organizational and legal form of the employing organization;
- Approximate total number of employees;
- TIN of the organization;
- Type of activity of the employing organization;
- The applicant's length of service there;
- The applicant's total work experience;
- Monthly income and expenses.
All these details are necessary for the bank to get a complete picture of the borrower’s personality and financial solvency.
Sample form
Page 1 of the questionnaire includes information about the applicant’s role in the proposed transaction, personal and passport data, information about the applicant’s marital status, changes in his last name, first name, patronymic and contact information.
On page 2 of the application form, you are required to provide information about the applicant’s relatives, the nature of his employment and his existing assets.
Page 3 is devoted to information about the requested loan product: the required amount, the mortgage program, the nature of the collateral, preferential lending conditions.
Since banks often underestimate the loan amount compared to the planned one, you can try to slightly overestimate it when filling out the application form.
Additional page 5.1 is filled out only when refinancing is secured by real estate and contains information about loans previously taken from Sberbank or third-party banks that are subject to refinancing.
statements
The application form can be downloaded directly from the Sberbank website and filled out by hand at home. To do this, you need to follow the link: https://www.sberbank.ru/common/img/uploaded/files/pdf/person/credits/kf-anketa.pdf and print the document that opens.
The questionnaire should be easy to read by a bank employee. Therefore, you need to enter information into it with a bright pen (black or blue) in block letters, placing no more than one graphic character (letter, number, etc.) in the cell intended for filling.
Questionnaire for title co-borrower, co-borrower, guarantor
Sberbank offers a unified questionnaire form that is equally suitable for filling out by the borrower (if the mortgage is issued by one person), the co-borrower (if several people are involved in the mortgage on the part of the borrower), the mortgagor or the guarantor. All fields of the form, if filled out by a co-borrower or guarantor, remain mandatory.
Look at the same topic: Which banks issue a mortgage based on 2 documents without proof of income?
When filling out the first field of the form, “Role in the proposed transaction,” you should check the box next to the options offered in the form:
- Title co-borrower;
- Co-borrower;
- Guarantor;
- And/or pledgor.
You are also required to provide the full name of the borrower (title co-borrower).
Next, you just need to carefully read the application form, which states which fields need to be filled out by the co-borrower or guarantor, and which are addressed only to the borrower (title co-borrower). The information required to fill out the form is clear and it is easy to understand how to fill out the form.
If the client still experiences difficulties when filling out the application, he can make a request to a Sberbank employee: he will fill out all the fields of the application according to the applicant.
A mandatory condition for filling out the form is consent to the processing of personal data. Its validity period is by default 5 years from the date of signing. However, the applicant can withdraw consent by writing an application to the bank. This is relevant if the applicant’s application form has not been approved, and he does not want to receive advertising notifications from Sberbank about financial services, new offers and promotions.
How to fill out the Sberbank application form for a mortgage
Anyone who wants to get a loan, especially a mortgage loan designed for a long period and a large amount, thinks about how to fill out an application in order to receive bank approval.
Recommendations for filling out the applicant’s application form are the same regardless of the client’s choice of financial institution and mainly relate to the veracity of the information reflected in the application.
The information provided by the applicant in the application form must be different:
- Objectivity;
- Truthfulness;
- Accuracy;
- Completeness.
Often, an applicant, aware that he does not meet the bank’s requirements for a borrower, mistakenly decides that by distorting the information in the application form, he will achieve its approval. This is not true: any information about the applicant can be easily verified.
Therefore, adjusting the age to the limits set by the bank, overstating income, or providing incorrect information about the place of work or collateral by an unscrupulous applicant does not make sense.
Don’t forget that Sberbank’s initial verification of the borrower’s identity is carried out automatically. Bank employees working with the software set up stop filters that immediately eliminate unsuitable candidates.
No borrower can know exactly what stop filters are used at Sberbank, especially since they are changed from time to time for a number of objective reasons.
The borrower should be honest with himself. Filling out a mortgage application form is an opportunity for the applicant to see how ready he is to take out a long-term loan secured by real estate. This is a serious step that requires large expenses for more than one year (and often even more than a dozen years). A questionnaire helps you assess your readiness to take out such a loan.
Look at the same topic: How to earn money for your apartment without a mortgage: TOP 5 best ways to earn money + tips for saving money
You should not submit a half-empty application form to Sberbank: it will definitely not be approved by the bank. An applicant interested in a mortgage will try to provide all the information required by the banking organization in as much detail as possible.
Which points are checked especially carefully?
It should be understood that a mortgage is a long-term loan and most often for a large amount. Therefore, when considering an application, the bank carefully checks all information about the borrower. Lenders pay special attention to the following points :
- Information about work, income, expenses and marital status. This information allows you to set the allowable loan amount. The bank will take a risk by issuing a loan of several million rubles for a couple of years if the borrower does not have a very high salary and a large family. From the bank’s perspective, such a mortgage looks risky.
- Lenders carefully analyze the client’s income indicated in the application form and compare it with official data - a certificate from work.
- Interest is also shown in relation to the client’s liquid assets. If he has an apartment or a car, the lender will check whether the information about the property is truly reliable. The presence of real estate or a vehicle with the borrower is an additional guarantee of loan repayment.
- Information on existing loans and the borrower's credit history are carefully checked. In most cases, banks refuse those who have a bad credit history.
What other documents will be needed?
The applicant's questionnaire is the main, but not the only document required to obtain a mortgage at Sberbank. The contents of the package of documents partly depend on the mortgage program, and should be clarified with a bank employee.
The following documents are required for consideration:
- Russian Federation passport with mandatory registration;
- Documents confirming the financial solvency of the borrower (2-NDFL certificate, salary account statement, etc.);
- Documents confirming the borrower’s employment (a copy of the work record book certified by an employee of the HR department, an employment contract, etc.);
- Documents for the property that is planned to be purchased with a mortgage and/or which acts as collateral.
Sberbank has the right to require additional documents from the borrower, co-borrower or guarantor confirming the information provided in the application form. These documents are also required when applying for mortgages with government support.
Sberbank also offers simplified mortgage registration using two documents - a passport and SNILS. However, in this case the interest rate will be increased. Salary clients of Sberbank can do without an income certificate in Form 2-NDFL, since information about their permanent income is known to the bank.
Is it possible to leave it on the bank's website?
The form can be submitted in two ways:
- at a bank branch;
- on the official website of the institution.
The second option is available only if such a function is provided by the site. For example, in Sberbank, in a personal account, a borrower can fill out an application form electronically and submit it for review online. However, this service is available only to the bank’s payroll clients.
When filling out an application for a mortgage, it is important to remember that it is pointless to deceive the bank. All information must be reliable and accurate.
In addition to the application, to obtain a mortgage you may need other documentation, a full list of which is listed on our website. You will also learn about mortgages on an apartment and drawing up a prenuptial agreement. Some banks practice issuing a loan using two documents. Read the terms and conditions of the simplified procedure for obtaining a real estate mortgage. For legal entities, the package of documents will differ from the standard one.
How to apply online
Filling out an application online has certain features at Sberbank. Having selected a mortgage program on the bank’s website, the user clicks on the “Fill out an application” button, after which he is automatically redirected to the DomClick portal from Sberbank, which specializes in transactions with the purchase and sale of real estate, including mortgage loans.
Here the applicant is asked to compare mortgage programs, calculate approximate loan costs and enter information about:
- Date of birth;
- Marital status;
- Any number of minor children;
- Nature of employment;
- Purposes of the loan.
After entering information and receiving a calculation for the selected mortgage program, the applicant is asked to create a personal account for further filling out the application and, if approved, obtaining a mortgage.
DomClick contains information about developers and agencies for the purchase and sale of real estate accredited by Sberbank, which may be useful for the borrower.
A correctly completed Sberbank mortgage application form influences a positive decision on granting a home loan. Therefore, after filling it out, it is recommended to check the correctness of the information provided in it. The questionnaire should not contain corrections, so it is recommended to fill it out slowly and preferably at home, in order to spend the required amount of time on it.
Basic principles for completing an application
The completeness and correctness of the information provided by the client directly determines whether he will be given a loan. Therefore, it is recommended to adhere to the following rules:
- Honest filling . Debt obligations require a certain level of trust. When issuing large sums, any bank tries to minimize the risks of non-repayment of funds. Therefore, it is worth providing complete information about your person, without concealing or exaggerating the facts.
- Accurate information . A common reason for refusal is the inability to verify the information provided due to errors in the company name, surname, as well as incorrect indication of dates and telephone numbers. It is recommended to enter all data carefully, checking the correct spelling several times, because even one wrong letter can make it impossible to issue a loan.
- Scope of information provided . Paying out large amounts is risky, so it is worth providing as much information as possible. Based on the information provided, bank employees will be able to more accurately assess the borrower’s capabilities. Even small details are important when applying for a home loan.
- Required amount of funds and repayment period . This point is worth thinking about several times, honestly assessing your financial capabilities and sending a request based on this. It should be borne in mind that bank personnel will also give an objective assessment of the client’s capabilities based on the information provided. The coincidence of the opinions of the client and the bank almost always gives a positive result.
By adhering to the above principles when filling out documents, you can not only increase your chances of having your application approved, but also once again soberly assess the need for a loan. The main thing is to honestly answer the questions posed to yourself.
