Mortgage without proof of income and employment, two documents, Sberbank VTB 2021, banks

Many of us dream of owning our own home or improving our living conditions. Most often, mortgage loans are used for this. But not every working Russian can afford to take out a loan. This is due to the lack of “white” wages. Even with a high actual income, the lack of pension savings and a certificate in Form 2-NDFL may become an obstacle to obtaining a bank loan. Banks almost never “contact” potential borrowers who are unable to officially confirm their income. However, for such situations there is a way out - a mortgage without proof of income and employment. You will learn further about how to take out a mortgage without proof of income.

Who can get such a loan

The following categories of borrowers can count on this service:

officially employed citizens whose wages are paid in whole or in part “in an envelope”;
persons who have a stable income, but without proper employment or the formation of a commercial structure;
non-performing, subject to increased liquidity of the collateral and evidence of solvency;
bank clients who own salary or debit cards.

There is a misconception that you can get a mortgage without proof of income secured by real estate. Most banks will definitely require from you a complete list of documents on income and employment, to which you will need to add documents on the collateral. Without completely confirming your solvency, you can get money from a microfinance organization using real estate as collateral, and this will be a pawnshop mortgage with completely different interest rates and conditions.

How to make approval more likely

In order to make mortgage approval without proof of income more likely, it is necessary to provide additional guarantees of loan repayment.

Documents on the availability of potential collateral.

A bank account statement to confirm the availability of the required amount for the down payment.

Receipts, statements confirming the receipt of money to wallets of various payment systems or cards.

You are more likely to get approved for a mortgage using 2 documents when you contact a bank where you have a good credit history.

What requirements do banks impose on borrowers?

Most often, this is a standard set of conditions that apply not only to those who take out a mortgage without confirming income information, but to all debtors:

age over 21 years;
citizenship of the Russian Federation;
permanent registration in the region where the lender is located;
positive credit history.

Due to the fact that issuing a simplified loan is fraught with high risks for banks, some of them additionally require the presence of any real estate on the right of ownership, existing accounts, deposits, deposits, etc. The ability to pledge any premises is usually required when receiving a loan for equity participation in construction.

Features of receiving

It is also impossible to say that citizens without proof of income are the most desirable clients of financial institutions. They will be treated with caution and with increased attention. Such borrowers will not be able to count on loans with preferential terms. And even conventional mortgage offers may be tightened in relation to “non-income” clients. Usually the interest rate for them is 1.5-3% higher.

A mortgage without a certificate of income has a number of other disadvantages that a potential debtor should remember:

Not every bank issues loans on similar terms;
The down payment will be high - 30-50% of the total loan amount;
You will have to pay the bank in full in a shorter period than provided for clients with official certificates (in many banks the maximum repayment period in this case is limited to 20 years);
Bankers will also reduce the maximum possible loan amount;
Some banks seek to impose expensive insurance on the client, requiring additional funds to be raised.

The long list of disadvantages of such a housing loan is countered by one, but significant, advantage - the ability to take out a mortgage without legalizing your income. In many cases, it becomes decisive, therefore, despite all the unprofitability of such loans, they are in great demand by bank clients.

Sometimes officially unemployed citizens (or with an insufficiently high income) seek to apply for a targeted loan using a fake 2nd personal income tax certificate. But financial experts warn: you should not expect that the bank will treat the provided piece of paper with confidence. The information will definitely be checked, and the forgery will be revealed. However, even having identified it, some banks decide to issue a mortgage loan to the deceiver - greed and short-sightedness take their toll. However, in most cases, a citizen with a fake certificate risks being blacklisted. And then not a single serious bank will agree to become his creditor.

It happens that financial organizations, very motivated by new, solvent clients, shift all responsibility for the information provided onto them. A mortgage without a personal income tax certificate 2 is issued on the basis of a completed bank form, where the loan applicant, at his own risk, indicates the amount of his income, which is not supported by any documents.

Requirements for borrowers

Only citizens with a positive credit history will be able to take out a mortgage without proof of income. Even if it doesn’t exist at all, this option will not work in favor of the applicant for a mortgage loan.

Also, when deciding on a decision, the bank will inquire about the following characteristics of the client without a 2nd personal income tax certificate:

Age;
Level of education;
State of health (is there any disability, are there any restrictions on work);
Marital status;
Having your own real estate.

A targeted loan will be issued only to a Russian citizen, so an internal passport is required. In addition, it will certainly have to contain a stamp indicating the permanent registration of the borrower in Russia.

By age, the client must not be younger than 21 years old or older than 65 years old. The bank will carefully check his solvency. In particular, he will need to document that he has the amount necessary to transfer the down payment to the lender. The easiest way to do this is if the required amount is in a bank account - then it is enough to make an extract from it and present it to the mortgage bank.

Bank employees will also check the solvency of the guarantor if he is involved in concluding a mortgage agreement.

What it is

A number of banks offer a mortgage without a work book or, as it is often called, a mortgage with two documents. The conditions are very different from those provided to all other borrowers. First of all, the lender is not interested in the client’s solvency and sources of income, but in the liquidity of the collateral. It is this that serves the lender as a guarantee of the return of the funds issued.

The bank immediately asks for a fairly large down payment of 30-40%, which guarantees the bank a certain discount on the cost of the apartment when sold on the open market.

In the absence of payments, the bank turns the collateral into its property through the court and sells it at the highest possible price. Thus, in any case, he will not lose. Lending without proof of income is called simplified, since here the parties manage with a minimum number of documents. As a rule, it’s just a passport and a personal identification number.

How to receive money without identity verification?

Everyone chooses the appropriate loan option.

You can use special services via the Internet, which select the most popular microfinance organizations for users. You enter the necessary criteria yourself, then the service displays all the options that match the request. Data (Term, loan amount, interest) are entered in advance.
Use the official website of the MFO. To receive microloans, clients register, fill out a request and receive a loan online with the instant signing of a loan agreement.
When repeatedly contacting microfinance organizations, you must be authorized in the created personal account. This is convenient and allows you to cooperate with IFC for a long time. No additional information or information is required. If personal information changes, the borrower independently logs into the account and corrects and supplements the data. Updating is necessary for correctly filling out loan agreements, which are signed after approval of the loan application.
Visit the branch. The loan application form is filled out by an individual who needs to borrow money. Funds are transferred to a bank card or the client receives the amount at the cash desk. Regular clients do not fill out forms again. The information that IFC representatives need is available in the database.

In which banks can you actually get a mortgage using a simplified scheme and on what conditions?

A mortgage based on two documents without proof of income is provided in the following banks:

Bank	Bid, %	PV size, %
VTB	9,6	40
Gazprombank	11,5	40
Sberbank (finished housing)	10,5	50
Sberbank (new building)	11,2	50
Deltacredit	12,75	50
Rosselkhozbank	10,25	40
Transcapitalbank	13	30
Uralsib	9,9	40
Russian capital	12,5	40
SMP	12,7	40
Promsvyazbank	11	40

Getting a mortgage without proof of income is the most realistic way, and VTB Bank 24 (“Victory over Formalities Program”). To do this, it is enough to have a passport and SNILS. Also, within the framework of this program, mortgages are available to foreigners who are not residents of the Russian Federation.

Mortgage without proof of income

This loan is specially created for persons who do not have official employment and the ability to submit a certificate in form 2-NDFL, thereby confirming their income. This is a mortgage offer “on two documents”:

All-Russian passport.
SNILS, international passport or vehicle driving license.

In this case, the bank can replace the certificate in form 2-NDFL with a certificate of the form established by it, which is certified by the organization where the borrower works.

The bank must compensate for all possible future problems, so the small volume of initially submitted documents is compensated by more stringent criteria for issuing a mortgage loan.

Lending terms

A mortgage without a work book is issued on the following conditions:

Borrower's age is from 21-65 years;
Work experience of 3 months;
Loan term up to 30 years:
Minimum amount from 300 thousand rubles.
Currency rubles.

These are general conditions, but we recommend reading in more detail the conditions under which a mortgage is issued without a work book in the posts: VTB 24 Mortgage, Sberbank Mortgage and Promsvyazbank Mortgage. By the way, this bank sometimes allows borrowers with a bad credit history through, if you go to the credit committee and prove your reliability.

Real estate category – what is not suitable?

To protect their finances, banks do not provide loans for all real estate properties. They are extremely reluctant to allocate money for the following categories of housing stock:

“Khrushchev” - these apartments are not valued on the secondary housing market;
“Stalin” - such objects may not pass the bank approval procedure, since such apartments often belong to an outdated housing stock, which in the future may be demolished.

Apartments that are already under encumbrance or seizure will never become collateral; new buildings recognized as “long-term construction” and for which there are ongoing lawsuits with developers. Also, apartments with minor children registered in them will not pass inspections.

List of required documents

Most credit institutions require almost the same documents when concluding a loan agreement:

passport;
loan application;
information confirming the registration of a citizen at the location of the creditor;
additional identification document (driver's license, military ID, service ID, foreign passport, etc.)
legal and technical documents for the purchased property (required for analysis and examination after prior approval).

Despite the generally accepted opinion that a mortgage without proof of income is issued according to two documents, the number of documents in fact turns out to be somewhat larger.

Package of documents

The main list of papers for consideration of the application:

bank application form;
Russian passport;
additional identification document: driving license, military ID, service ID of an employee of the Ministry of Internal Affairs, military ID, international passport, SNILS.

After approval of the loan application, the Sberbank manager will ask you to provide a package of papers: for the mortgage object (provision period - 60 days) and the down payment.

The following documents will be required for the subject of the mortgage:

contract of sale;
certificate of state registration of the seller’s property rights;
an extract from the Unified State Register indicating the absence of encumbrances (mortgage, lease, arrest);
the basis for the emergence of the seller’s property rights (sale and purchase agreement, exchange, deed of gift, registration of inheritance rights, privatization);
a notarized agreement of the seller’s spouse for the alienation of the apartment;
a notarized application confirming the civil status of the real estate seller at the time of purchase of the apartment;
permission from guardianship authorities to alienate housing.

For advance payment:

statement of the account balance;
receipts confirming the fact of partial payment for the purchased property;
papers certifying the value of the object being sold.

If the collateral is the borrower's own property, the collateral papers must be provided.

How to apply for a mortgage using two documents

Such loans are issued in accordance with the generally established procedure.

First of all, you need to choose a bank that provides services of this kind. Then consult with a specialist on the issue of collecting income documents and purchasing real estate.

Then an application is submitted with attached documents, which is reviewed within a few days. The application form is issued by a bank employee and he also helps to fill it out. The document indicates the personal and passport details of the potential borrower, the amount of interest, and information about the planned acquisition.

If the decision is positive, the client is notified that the bank agrees to issue him a mortgage without proof of income. After this, they begin to select a suitable property.

An apartment can be purchased both on the primary and secondary markets. If the client has chosen new buildings, their lists are sometimes provided by the banks themselves, and sometimes the housing can be chosen independently, provided that its liquidity subsequently satisfies the lender.

The conclusion of the transaction takes place in several stages. First, the property is appraised. Since no creditor will give his money without knowing the value of the future collateral. It can only be determined by experts accredited by a given bank or partner appraisal companies.

After the assessment, insurance of the future collateral is carried out, which is carried out by insurance companies cooperating with the bank. Concluding an insurance contract will increase loan payments, since the client will also have to pay the insurance premium.

The last stage of the transaction is the signing of the mortgage agreement. Next, the citizen signs a purchase and sale or equity participation agreement. Then it registers the transfer of ownership in Rosreestr, indicating that an encumbrance in the form of a pledge is imposed on the property. After this, the mortgage is issued and the money is transferred to the seller’s account,

After this, the title documents are transferred to the custody of the lender and remain with him until the mortgage debt is fully repaid.

Banks

Initially, it was impossible to get a mortgage loan without personal income tax certificate 2. But tough competition and the realities of life have pushed banks to be more loyal to clients who do not have official earnings. Today, many banks are willing to accommodate such borrowers, and among them there are quite a few top financial institutions.

A mortgage without a salary certificate from Sberbank is issued at a base rate of 10.5% per annum (10.4% for remote execution of the transaction). This percentage is provided for a mortgage for the purchase of a new building or an apartment on the secondary market. And if income is documented, then a different rate is applied - 9.5% and 9.4%, respectively.

At Rosselkhozbank you can get a mortgage using 2 documents:

For an apartment (new or secondary - not specified);
On a primary real estate object being built with the participation of the bank;
For the purchase of a house with a plot.

In all these cases, the loan will be issued on the basis of a passport and an additional document: a foreign passport, a driver’s license or a federal government employee ID. The maximum possible loan amount is 8,000,000 rubles. Interest rates depending on the type of real estate are 9.75-12.5%.

What to do if you are not officially employed

It is possible to get a mortgage without a work record, even if you are not officially employed. To do this, just perform the following series of actions:

Find an employer among your acquaintances and friends, or contact the employer for whom you work informally with a request to confirm your employment by phone.
Agree with the employer on all the data for filling out the application form for a mortgage with the bank.
Submit an application to the bank.
Correctly answer all questions when called by a security officer.
Apply for a mortgage.

You should not contact Sberbank if you do not have official salary deductions. A mortgage without a work record from Sberbank is only suitable for those who simply do not want to collect a full package of documents or have some difficulties in collecting them. If you don't work, you will receive a refusal. Look better towards VTB 24.

Loan period

For banks, issuing such loans is a big risk, so if the loan term for a standard mortgage with a full package of documents is 50 years, then with a simplified scheme (without proof of income) it is often reduced to 20 years.
In cases where the creditor’s solvency is in doubt, he is offered to reduce the amount or increase the term. By the way, the higher the value of the collateral, the longer the loan term.

If you close your mortgage early, there are no penalties or additional payments.