Features of Lending Texas Veterans Loan of Military Operations in the Savings Bank
View of certain changes, preferential loans to veterans of military operations in the Savings Bank are not offered today. Persons of this category can choose the option of lending under general conditions.
It is important: at the moment the bank does not offer veterans of military VA loan the privileges for crediting.
The content of the article:
1 General crediting parameters
2 Special Procedures for Military Personnel
General crediting parameters
When applying for a loan, the main requirements and the proposed conditions for each program should be clarified. To take in Sberbank loan to those participating in combat operations, a preliminary list of required documentation is found out. Standard package includes: passport, military ticket, certificates of financial well-being (accruals to payroll or other income).
Programs differ in the way they provide:
Ordinary. When the client has no way to provide security. The maximum amount is 1.5 million rubles, if the level of income will return the debt to 5 years.
With a guarantee. The physical person can attract up to 2 persons, the level of earnings of which will take part in the calculations. This increases the maximum limit (2 times).
With a pledge. If it is possible to provide a plot, house, garage, apartment or other real estate in this capacity, the client receives a practically unlimited loan amount and maturity (up to 20 years). There is no need for a large package of references. Sometimes just a passport is enough.
The interest rate depends mainly on the amount of income, which in turn allows you to reduce the period of debt:
up to one year: 22-26.5%;
1-5 years: 23-27.5%.
Features of the procedure for military personnel
There is a specially developed loan program for those who took part in military VA loan. But only NIS participants can use it. Having a mortgage or at the time of its execution, it is possible to issue an additional loan, which can be used to pay off part of the mortgage, payment of contributions or for any personal purposes, which need not be explained.
The size is limited, although the rates are much lower than for other types of programs:
Up to 500 thousand rubles: the rate of 19.5%.
Up to 1 million rubles: 18.5%. In this case it is necessary to have a guarantor.
From the documents you need only a passport, a certificate of service and financial condition. The guarantor must also provide passport and financial data for inspection.
At the moment, the bank does not provide a separate product to servicemen who participated in military operations. Despite this, such a category of customers can receive funds, but on a general basis. An exception is a military mortgage, which provides them with enough privileges and benefits.