Cash may need absolutely different goals: vacation, training, repair, buying a car or even buying housing. Often, the level of income is not enough to approve the application, and then you can use the loan on the security of property, such as the apartment.
In our article we will consider the pros and cons of this type of lending and find the answer to the main question: «Is it worth it to take a loan on the bail of an apartment?»
Requirements for future borrowers are almost the same in all banks and have differences only in some nuances. Basically, the lender requires the Customer of the Citizenship of the Russian Federation and a permanent registration in our country.
In most cases, banks do not require revenue confirmation, as well as a certificate from the place of work.
First of all, the Bank pays attention to the state of the apartment, it should not be placed in the house to be demolished or in disregard. Also for real estate should not be imposed on any restrictions, such as arrest, it should be privatized.
To do this, you need to independently order a housing assessment service in the relevant company, which must also be accredited in your bank. This will require you not only time spent, but also the cost of personal cash.
It is important to remember that the non-fulfillment of obligations under the loan agreement may entail the deprivation of ownership of the property rights. This is the only big risk in the design of this type of loan. But if you are confident in your financial opportunities, then you have nothing to worry about.
We want to say that the loan secured by the apartment is a good offer from the bank, in case you need a big amount of money. Then, with conscientious payment of the loan, in the end, you are implementing conceived goals, and save your property.