 HOUSING LOAN - a loan target, which is issued for the purchase of housing. Housing loans were granted for a long time (in developed countries - up to 10-15 years and more). Due to long maturity reduces the size of monthly payments to the borrower. Loan amount is no more than 60-70% of the market value of home buying. Borrower shall make an initial contribution to the payment of housing, usually amounting to 30-40% of its value at its own expense. Loan and the interest paid in the form of monthly payments. This payment includes full payment of the interest due on the balance of principal, as well as part of the original loan. The monthly payment is calculated so that all payments at a fixed interest rate was equal to the entire loan period.
This allows the borrower to plan their family budget. The value of the monthly payment on the loan should not exceed 30-35% of total family income of the borrower for the same billing period. When the procedure estimates the probability of repayment the creditor uses officially confirmed information about the current income of the borrower. Often housing loan is a mortgage, ie, purchased on credit housing serves as collateral (collateral is transferred to the creditor).
In some countries practiced cumulative residential lending. In this case, a potential borrower for a certain period in equal installments defers to the special account at the bank money. aemschik, having gained half the required amount, the remainder of the housing receives the credit. This procedure allows the bank to ensure the solvency of the client, without conducting additional checks.
A secure financial support for small and medium enterprises. In our bank developed profitable lending programs. Lending business, the bank's focus on the individual approach to each client.
Loans made under the guarantee of any liquid assets, including personnel and third parties. The variety of loan programs and environment can make loans more affordable.
Businesses are often faced with lack of security for the loan. Our bank provides loans to businesses with a partial guarantee and bail Assistance Fund lending to small businesses. |
