The calculations do not take into account early repayments - overpayments are calculated on the condition that the mortgage loan is paid according to the schedule. Also, the fact that the size of the initial amount directly affects the loan term and interest rate is not taken into account - we took a conditional 10 years and 13% for illustrative purposes. In reality, a large payment at the start is even more profitable - at least due to the fact that you can take out a loan for a shorter period.
In most situations, the minimum amount is determined by the lender - on average, it is 10-15%, but it can be more or less - from 0 to 30%.
If a credit institution participates in a preferential state program, it has virtually no influence on the terms. In this case, the size of the first installment is fixed - it can be 10%, 15% or 20%.
Is there a maximum amount?
Theoretically, there is no such amount, but in practice, more singapore mobile database than 50% is rarely contributed. This is due not only to restrictions on the part of banks, but also to unfavorable conditions for clients.
If it is possible to borrow money for a period of up to 5 years, borrowers prefer consumer loans. This is due to three key advantages of non-targeted lending:
No collateral . The apartment is immediately registered as your property, and you have the right to make any transactions with it.
No insurance . No need to pay for an insurance policy, which significantly reduces your overpayments.
No purpose for lending . You receive cash in hand, you can spend it not only on buying a home, but also on related expenses - for example, buying furniture, doing repairs.
The main advantages of mortgage loans are a large sum and a low interest rate. But even with a low interest rate, overpayments are still greater than for consumer loans, because the loan term can reach 30 years, and mandatory insurance is added to the costs.
If you don't allow late payments, you can get a veryfavorable loan— up to 3 million ₽ for a period of 4 years with a 0% rate guarantee. To do this, you need to connect the service package "Manage easily", which not only allows you to return the interest paid (provided that there are no delays), but also provides flexible management of the credit product. Change the payment date and skip payments - the main thing is not to forget to make a preliminary application to change the terms.