Construction deposit belarusbank. If you want your own home - use the capabilities of JSC "JSSB Belarusbank"! Commercial real estate

Housing problem- one of the most acute standing issues from Muscovites who are looking for money to buy real estate.

Mortgages for housing construction in Moscow make it possible to obtain real estate in a fairly short period of time.

For getting mortgage loan for the construction of a house, the bank puts forward the following requirements to the client:

• Age from 21 to 65 years old;
• Stable work;
• Income. Not only the client's earnings are taken into account, but also his family's;
• The amount for the initial payment.
• Guarantors are needed if the bank does not satisfy the client's income.

Banks in Moscow provide the following types of programs mortgage loans in 2019:

• standard;
• social;
• "Young family";
• for military personnel.

The client is given the opportunity to independently calculate on a virtual calculator monthly payment, compare conditions in several banks and choose a more profitable option for yourself.

It is easy to apply online for a loan in Moscow, just a few steps are enough:

1. Go to the bank's website.
2. Fill out an application.
3. Send her to the bank.
4. Get an answer.
5. Collect required documents and go to the bank.

How to get a mortgage for building a house for Muscovites?

A number of documents must be submitted to the bank:

1. The passport.
2. For males - a military ID.
3. SNILS.
4. Education documents.
5. Marriage certificate, documents on the birth of children.
6. Labor book from work
7. Income certificates.

The bank, issuing a mortgage for the construction of a private house, takes into account what material the client is building a house from (from concrete, brick or wood), as well as what characteristics of the foundation.

There are more chances to get a mortgage in Moscow for building a house from those clients who are building, from more durable materials.

What banks in Moscow give mortgages for housing construction to Muscovites?

Among the leaders:

• Sberbank;
• Bank of Moscow;
• Rosselkhozbank;
• Moscow credit bank;
• RosEvroBank, etc.

Taking a mortgage for housing construction, the client quickly solves housing issues. Preferential mortgage agreements that are profitable for the client economically - a reliable investment.

What are the characteristics of private investment in housing construction? How to invest in construction of houses and other residential property in Moscow? What if I invest in construction?

Greetings to everyone who has visited the website of the HeterBober business magazine! Denis Kuderin, an investment expert, is in touch with you.

The new article continues an extensive cycle of materials about the tools and mechanisms of wise investment. The topic of the publication is investments in real estate during the construction phase.

Investments in real estate under construction - good way gain financial independence and make money work.

Read how to do this right now!

1. Is it profitable to invest in housing construction?

Do you know how much the price of finished housing in a new building increases as compared to the cost at the construction stage? The correct answer is 40-70% (with an average construction time of 1-2 years).

Wanting to interest buyers, developers set minimum prices at the start of sales. The difference in prices is especially noticeable when building large residential complexes and entire neighborhoods.

The construction of such housing estates is phased, and developers (entrepreneurs who earn money on construction) reduce the initial cost of living space to create a positive image of the company and attract the first wave of customers.

The benefit is obvious: by investing in real estate at the construction stage, you can earn twice as much after the facility is put into operation. The only obstacle that stops investors is the risk that construction will stall or not be completed at all.

As the new building is being built, the cost square meters growing: each floor adds 2-3% to the price of living space. Hence the conclusion: the earlier you invest in an object, the higher the possible dividends from the subsequent sale or operation.

We list all the advantages of investment in construction:

• high profitability and liquidity;
• reliability (real estate rarely falls in value, especially in big cities);
• a large selection of investment objects;
• various options for using housing (sale, rent).

One well-purchased apartment can generate income for years and decades.

Example

Having bought a prestigious apartment in the city center, you can rent it out for short periods (hours, days, weeks). The payback of such an enterprise is 3-5 years, and then you get net profit without any special labor costs. This way of making money is the perfect example. passive income.

There are also downsides. The main one is the dependence of the demand for apartments on economic factors... During the crisis, people are less likely to buy real estate, preferring to wait until better times.

However, most of the experts in long-term investment consider investing in housing less risky than, say, gambling stock exchange or transferring money to trust.

2. What kind of construction is better to invest in?

There are several directions for investing in real estate at the construction stage. Some are more suitable for novice investors with little capital, while others are more suitable for more experienced merchants with decent financial assets.

Here are five of the most relevant and reliable investment options.

Residential buildings

Most affordable way investment characterized by minimal risks. Long term goal such investments are extremely clear: we buy living space at the construction stage, and after the house is delivered, we sell it at favorable price or we earn on rent.

The following indicators must be taken into account:

• location (distance from transport hubs and metro);
• apartment layout;
• infrastructure (the presence of nearby schools, kindergartens, supermarkets);
• plans for the development of the area in the future.

The most demanded on the market is small-sized housing - one- and two-room apartments.

Cottages

Country houses and summer cottages can also bring good returns to investors. Cottages are in special demand among residents of megalopolises - every city dweller wants to relax in a quiet, environmentally friendly place, away from gas pollution and bustle.

Objects are often bought at the foundation stage: such investments are considered the most promising. When buying, be sure to consider the status of the area, the state of the infrastructure, the availability of communications and other parameters important for a comfortable life.

Hotels

World experience shows that the payback period for hotels is from 3 to 7 years. Quite decent indicators, especially when you consider that good-quality housing for visitors to large cities always in demand.

Industrial premises

Option for investors with some experience in real estate transactions. It is better to acquire production areas at the construction stage with a predetermined purpose.

Facilities that will be used in the future for the needs of the food industry are in demand; areas for factories for the production of furniture, household chemicals and essential goods are also promising.

For beginners to invest in industrial property costs only through the mediation of professional management companies or mutual funds.

Commercial objects

Another area that is more suitable for experienced business investors.

TO commercial real estate relate:

• buildings for commercial premises (small shops, supermarkets, shopping centers);
• catering establishments, restaurants, cafes;
• entertainment, sports, educational centers;
• objects for offices and business centers;
• warehouses, hangars, storage facilities;
• agricultural facilities.

In big cities, offices and trading halls... Hundreds of small and large merchants are willing to pay regularly for rented space. Their owners can only monitor the condition of the premises and receive a stable income.

Renting out is the main way to use commercial real estate. This is a rather expensive type of investment with a long-term payback period (5-8 years).

The table below clearly demonstrates the features and payback periods of various real estate objects:

№	Types of real estate	Payback periods of investments	Peculiarities
1	New buildings	1-2 years	When renting out, the payback period increases, but the profit grows too
2	Hotels	5-8 years old	Investments are especially promising for large cities and resort regions
3	Cottages	1-2 years	The area and the state of the infrastructure are taken into account
4	Industrial premises	7-10 years old	Suitable for collective investment
5	Commercial real estate	5-10 years	You need experience investing in this type of real estate

If you want more information on, read the detailed article on this topic.

3. How to invest in construction - 5 easy steps

By making investments according to a predetermined plan, you reduce risks and increase future profitability. Any investment requires careful calculation and requires a pre-designed strategy.

Step 1. Choosing a developer

Mandatory and critical stage- find out who is building the facility (what kind of company). Experts advise buying real estate from well-known developers in your city.

When choosing a developer, consider such parameters as:

• the number of objects already commissioned;
• the reputation of the company;
• customer reviews;
• experience in complex development;
• the total number of investors;
• participation in joint credit programs With large banks (financial companies carefully choose partners and do not contact dubious companies);
• strict compliance of the company's actions with federal legislation.

The activities of developers are regulated at the state level by law 214-FZ(remember this number, it will come in handy).

In Moscow and the region, you can choose one of the 3 developers listed below.

- the motto of the company: we are building a city in which you want to live. The developer has already erected 500,000 square meters of residential premises and 53,000 square meters of commercial real estate. The company builds kindergartens and schools and cooperates with the largest Russian banks on mortgage lending... It is included in the TOP-5 rating among developers in the Moscow region and in the TOP-15 throughout Russia.

PIK Group is the largest Russian developer. It has been operating since 1994 and is engaged in the implementation of large-scale construction projects in Moscow, the region and other regions of Russia. The priority area is the construction of affordable housing in the segment industrial housing construction... Since its inception, the company has built 15 million square meters of residential premises (250,000 apartments). Included in the list of backbone for Russian economy enterprises.

- a company that performs a full cycle of construction work, starting with analysis land plots and ending with the decoration of the premises. It also manages buildings after their commissioning. On account of the developer - 71 projects and 7 million m2 of area. The company's facilities have been repeatedly declared the best completed projects in Moscow and the region.

Step 2. Choosing an investment object

Object selection is another important stage investment process... You can start your search from the area in which there is the greatest demand for housing.

I have already written about what parameters should be taken into account when choosing residential apartments - infrastructure, availability of transport interchanges, etc. When buying commercial properties, decide in advance on the ultimate investment goal and develop a professional business plan.

Step 3. We conduct negotiations

The developer has been selected, it's time to negotiate. According to the legislation of the Russian Federation, it is impossible to acquire ownership rights to an object that is at the construction stage.

The buyer has the right to:

• equity participation agreement;
• share contribution agreement;
• investment deposit;
• joining a building cooperative.

Experts advise to choose share and insist on just such an agreement. Payment methods are also discussed - phased deposit of funds (purchase in installments), transfer full amount immediately after signing the agreement, other options.

Step 4. Examining the documents

The agreement for the purchase of unfinished real estate is made within the framework of the already mentioned Law 214-FZ.

It is advisable to check the documents with the involvement of an independent lawyer. This will require additional costs, but the security of the transaction is not an item on which to economize.

Step 5. We conclude an agreement

The conclusion of the contract is the final stage of the transaction. Before you sign the final document, study all of its points. They should not be viewed diagonally, but studied.

Pay attention to:

• construction completion dates;
• terms of termination of the contract;
• the point in which the specific cost per square meter is indicated (it is necessary that the price be fixed and not subject to change);
• penalties for each of the parties that violated the contract;
• Force Majeure.

Remember that any real estate transaction involves risk. How to avoid fraud will be discussed in the corresponding section of our article.

4. How you can make money on investments in real estate construction - 3 proven ways

And now about the most reliable and proven ways to make money on investments in construction.

Method 1. We rent real estate

The business of renting out living space is “long-term” money. But on the other hand, the level of profitability is quite high here. The payback period is 5-10 years. And do not forget that even after 10 years of use, the apartment is still yours.

In megalopolises there is a demand for any type of housing - elite apartments for daily rent, rooms in sleeping areas, small apartments for young families.

A few words about commercial real estate lease. Companies and private entrepreneurs, representatives of legal professions, hairdressers, stylists, doctors will always need offices, offices and retail space for their business. Demand per square meter in business and shopping centers- stable and constantly growing.

The only disadvantage of commercial real estate is relatively high price... To buy an apartment, 1-3 million rubles are enough. Office and retail space is 2-3 times more expensive.

Method 2. We buy an apartment in a new building for subsequent resale

Resale allows you to recoup your investment in just 1-2 years. The shorter the construction time, the more interesting the object is in terms of investment. Some investors manage to get 100% profit in a year.

It is advisable to consider alternative options - for example, you can carry out repairs and finishing in new apartment and sell it even more expensive. Good repairs increase the cost of housing by 15-30%.

Method 3. We invest money together with professionals and get interest

Do you want the most secure investment? Act through intermediaries. To participate in professional investment projects it is not even necessary to buy a specific home for full cost... You can become a member of a collective fund and make a profit as a shareholder.

I represent two reliable partners on contributions to construction and finished objects in Moscow and the region.

E3 Investment- investments from 100,000 rubles with a guarantee of profitability from 25 to 90%. All contributions to mandatory are insured. The investment payback period is from 6 months to 2 years (at the client's choice).

Professionals invest your money in liquid real estate, and you just make a profit. Minimal risks plus guaranteed passive income. Available free consultations and Information support.

- contributions to finished apartments and buildings under construction. The company builds houses itself and, as a bonus for buyers interested in earning income, makes repairs in apartments and finds tenants.

The company is engaged in the construction of residential buildings, mansions and the construction of commercial real estate. Among the advantages of the company is the course on the quality of the objects being built and their safety after commissioning.

5. Risks when investing in real estate under construction

The danger of losing your money exists in any kind of investment. Housing contributions are no exception. To reduce the risks, you need to know in advance what is really worth fearing and what schemes are used by scammers for their real estate scams.

"Bubble"

The first way to dishonestly take investors' money is the most commonplace. One-day firms, instead of real objects, sell air to investors. Construction works on objects, if they are conducted, it is only to divert the eyes.

Often, such projects are carried out jointly with representatives of legal structures, which gives the transactions the illusion of legality. In fact, having collected a sufficient amount, the scammers simply disappear with the clients' money in an unknown direction.

The first sign of a “soap bubble” is low price for real estate. Be sure to compare the cost of square meters with average price in this district. If the offer seems to you too much attractive, this is a reason to be wary.

Information about legal developers can always be found in official registers construction companies... If the developer is real entity, his presence on such a list is a must.

Developer bankruptcy

Unprofessional management, lack of funds or their misuse, costs - all these reasons can lead to bankruptcy of the developer. When there is nothing to build on, not only the company itself, but also its investors are in the red.

This can be avoided by choosing a large and experienced developer, on whose account there are already several dozen commissioned objects.

Violation of project deadlines

Failure to meet the deadline is not the worst, but also very unpleasant option. Long-term construction can cause constant headaches for those buyers who have attracted bank loans for deposits. Banks are not interested in why the construction is not completed on time; it is important for them that the debt is repaid in full and with interest.

It is estimated that each week of delay reduces investor income by 0.01%. It would seem a little, but in terms of rubles, this amounts to a decent amount. After all, delays are often calculated in months, or even years.

Example

While your "long-term builder" was building multi-storey building in a promising area, its competitor managed to mortgage and build in the neighborhood another facility with similar characteristics and slightly understated prices per square meter. The cost of your living space will fall in such a situation by tens of percent.

Force majeure and unpredictability of the real estate market

A typical example of force majeure is a protracted economic crisis in the country.

Example

In 2015, in the city of my residence, Novosibirsk, on the real estate market, there was a real prevalence of supply over demand. Apartments were sold with a 15-25% markdown. Now the situation has slightly improved, but investors have already lost part of their income.

Other types of force majeure are natural disasters, military operations, industrial disasters.

To protect against such troubles, there is real estate insurance.

Watch a helpful video on construction investment.

6. Conclusion

Friends, let's draw conclusions. Investments in residential and commercial buildings at the stage of their construction is a highly profitable and promising option for private investment.

A successful project will provide you with funds for many years to come, becoming a source of passive income in the form of long-term lease of commercial or residential real estate.

Real estate purchase / sale operations are no less profitable. Having made a successful financial transaction once, it is easier to move forward and upward - in the direction of further multiplication of capital.

The HeatherBober project team wishes its readers success in their investment projects! We are waiting for your ratings of the article, comments and business proposals!

Per last years lending to housing construction, including with the attraction of concessional loans, has significantly decreased. Today, you need to count not only on support from the state, but also on your own strength, to take into account the possibilities in each specific situation.

For solutions housing issue JSC " ASB Belarusbank»Offers a system building savings: any client gets the opportunity to choose the most convenient savings plan and independently determine the timing, as well as the amount of investment Money in the construction or purchase of housing. Through disciplined accumulation and obtaining loans under favorable interest, even families with rather modest incomes may well fulfill the dream of their own square meters.

For more than 10 years, the active part of the population of the Republic of Belarus has been successfully using the offered service. The building savings system is so convenient, flexible and controllable that it allows changing conditions in the accumulation process: at the beginning, middle and at the end of the savings phase.

HOW DOES BUILDING SAVINGS WORK?

The essence of the system is quite simple, it consists of 2 stages: accumulation of 25% of the cost of housing with own funds and directly lending the remaining 75% of the cost of housing.

First, the client is capable individual who wants to build housing - places money on the "Housing accumulative" deposit in the bank. The annual interest is equal to the refinancing rate of the NBRB (as of April 1, 2017 - 15% per annum). Expense transactions on this deposit are provided only in the form cashless transfers for the construction or purchase of housing, as well as the purchase of housing bonds.

The term for placing funds in the bank is negotiated in advance: 3 options for the accumulation plan are offered, with different terms for depositing and saving funds.

FREQUENTLY ASKED QUESTIONS

1. Do I need to be registered in need of improvement housing conditions to become a member of the building savings system?

Not necessary. The service can be used by both persons who need to improve their living conditions, and those who do not need to improve their living conditions. Persons eligible for concessional lending can use the building savings system to pay for "extra" square meters.

2. Can the System participants direct money only for housing construction?

No. Accumulated and credit funds can be used not only on housing construction, but also for the purchase of housing, including secondary market, as well as for the purchase of housing bonds.

3. How to get a loan as quickly as possible?

In order to get a loan after 19 months (the shortest possible period of the savings stage), the amount down payment to a deposit account must be in the amount of the accumulated amount (25% of the cost of housing) or on the day of opening the account the amount of the initial payment is 50% of the declared amount, the rest is paid within 1 month from the date of opening the account.

4. If there is no need for a loan, can the right to receive a loan be transferred to another person?

Can. Having accumulated funds, you can transfer your right to receive a loan to another person who is a family member or close relative of a participant in the building savings system.

5. On what conditions can you terminate the Housing Savings Deposit Agreement?

Upon termination of the contract or making cash expense transaction according to the contribution, the participant leaves the System. If the deposit has been kept for less than 19 months, then the income is paid at a reduced interest rate applicable to the demand deposit. If the funds were kept for 19 months or more, then the recalculation of interest at the reduced interest rate is not made.

6. Is a commission charged when transferring funds to the developer's account from the "Housing accumulative" deposit?

Money transfers to Belarusian rubles from housing savings deposits in the system of construction savings of JSC "ASB Belarusbank" are carried out within the framework of a comprehensive service WITHOUT charging a fee.

7. Is it possible to purchase 2 apartments using one building savings system?

No. Within the framework of one contract housing savings the participant can build (purchase) only one dwelling.

8. Is it possible to purchase housing from relatives at the expense of a loan under the construction savings system?

No. No credit is issued for the purchase of residential premises from relatives (spouse, children, parents, siblings).

Valentina Zakharovna, July 1 marks three years since the construction savings system was introduced in Belarusbank. Its purpose is clear - to help people accumulate funds for the construction or purchase of housing. What is its essence?
- The construction savings system offered by the bank is completely new for Belarus financial instrument... And it was our bank that developed and implemented it for the citizens of the republic. The system helps to accumulate the required amount of funds (at least 25% of the total planned investment in the construction or purchase of housing). After that, the bank provides a loan in the amount of up to 75% of the planned investment for more preferential terms compared with the current lending terms. That is this system consists of two stages - accumulation and lending.
The bank offers three options: 3 years, 5 and 7 years of savings. The bank's specialists give recommendations on how to build an accumulation schedule, which accumulation option to choose, and the date of the onset of the right to receive a loan is preliminarily determined.
In case of accumulation of savings in equal installments, the right to receive a loan comes after the expiration of the entire period of the selected savings option. If the entire amount of funds is deposited on the day of the conclusion of the agreement, the right to receive a loan comes after 19 months.
Thus, the earlier the money is deposited into the system, the earlier is the date of obtaining the right to a loan. And this rule works strictly.
After the accumulation of funds, the lending stage begins. The loan is issued for a period of up to 20 years at the refinancing rate National Bank Of the Republic of Belarus plus one percentage point. The loan amount is up to 75% of the amount of construction or purchase of housing, depending on the accumulated amount of savings.
I will separately dwell on economic aspects attractiveness of the building savings system.
First, at the accumulative stage, the bank pays (accrues) income in the amount of the refinancing rate of the National Bank of the Republic of Belarus. Secondly, long term lending - up to 20 years. Third, the rate of payment for a loan is 2-5 percentage points lower than for other loans for the construction or purchase of housing. Fourth, repayment of the principal and interest on the loan is made in equal installments. In addition, all participants in the system, regardless of the need to improve their living conditions, are in equal conditions in terms of the terms of the loan and the amount of payment for using the loan.
These conditions are very attractive and significantly increase the creditworthiness of participants in the construction savings system.
- How many people used this system of the bank to solve the housing problem?
- The work of the building savings system for three years has shown that this product in demand. About 5 thousand people took part in the building savings system of Belarusbank, who placed more than 60 billion rubles on the Housing Savings Deposit. Taking into account the completion of the savings stage and the receipt of loans, as of June 1, 2009, there are 3.1 thousand accounts for the “Housing Savings Deposit” with the balance of 45.3 billion rubles.
- Does the place of residence of a participant in the system affect his ability to purchase or build housing in another region?
- One of the attractive factors is that a system participant can build or purchase housing in any region of the country.
The system participant has the opportunity to transfer his “Housing savings deposit”To any institution of“ Belarusbank ”with preservation of the accumulation history, and at the same time it is not necessary to start all over again. Any person, for example, a grandmother, parents, can become a participant in the system in order to accumulate funds for grandchildren and children and help them solve the problem of housing in the future. These persons have the opportunity to assign the right of claim under the contract housing savings to their grandchildren or children, who in the future will receive a loan themselves, build or buy a house and themselves will pay the bank for the used loan.
- In February last year, the bank started to implement the second stage - issuing loans through the construction savings system. What is the percentage of participants in the system who have used the bank's loans over these one and a half years? And what is more - are they building or buying housing?
- During this time, loans were issued in the amount of almost 50 billion rubles to about 800 participants of the system. At the same time, about 20% was allocated for housing construction, and more than 80% for its purchase. As the figures show, most of the participants in the system buy housing.
- As with any loan, in order to receive a loan under the building savings system, you need to submit a certain package of documents ...
- It all depends on whether you plan to buy an apartment or build it. When buying a home in order to obtain a loan, you must submit a contract of purchase and sale of residential premises and a certificate of market value housing, in the case of the construction of an apartment - a contract for its construction. Also, to calculate the solvency, you must provide information about your income and the income of the guarantors for the last three months.
- If a person has moved to another city, is it possible to transfer there the accumulative contribution according to the building savings system, or do we have to start all over again?
- A contribution within the framework of the building savings system can be transferred to any region of Belarus, but only to the institution of Belarusbank.
- Is it possible to change the amount of the contract? For example, it was supposed to build a 2-room apartment, but the situation has changed and it is necessary to build a 3-room apartment.
- Yes it is possible. You just need to make a decision to increase the amount of contributions, and the more you save, the more the loan amount will be. You can come to the bank and, with the help of our specialists, adjust the accumulation mode.
The accumulation of funds is not regulated, the system participant himself determines the mode and terms of depositing funds for himself. This means that if at the initial stage it was planned to build a 2-room apartment, and then the situation changed, then the participant himself makes a decision and makes an accumulation in a larger amount.

I invite you, dear readers, to become participants in the building savings system offered by Belarusbank, to build or purchase an apartment or an individual house.

Construction savings is a system of accumulating funds and lending to housing construction.

Lending methods through construction savings are used in different countries... In Belarus, services in the field of building savings are offered by JSC JSSB Belarusbank.

How does Building Savings work?

The essence of the system is quite simple:

First, the client, i.e. a person who wants to build a house deposits money in a savings account with a bank. The annual interest on such a deposit is small, withdrawals are limited, like most other operations.

The term for placing funds in the bank is negotiated in advance. The replenishment of the savings account takes place in accordance with the terms of the agreement, sometimes during the entire period of placing the deposit, sometimes this stage ends earlier and a period begins in which the accumulation of interest becomes the only movement of funds on the account.

After the end of the savings stage, the client gets the opportunity to pay with the accumulated funds for the purchase of housing. This period is called the billing phase.

Then when own funds the depositor is fully transferred to the housing supplier, the client has the opportunity to get a loan from the bank and continue construction at the expense of borrowed funds.

The credit period depends on the terms of the agreement between the client and the bank. Other terms of the loan are also dictated by this agreement and do not fundamentally differ from other loans. But the annual percentage is assumed to be lower than for other home loans.

The benefits of building savings are mutual for the borrower and lender.

The credit institution has the opportunity to use the client's money on favorable terms before the start of construction. In addition to this, during the entire period of accumulation (saving) of funds, the bank indirectly monitors the state of affairs of the client: the timing of making, the amount of payments. Interest rate on the loan is lower than on other similar products, but this is offset by the benefits already received from the contribution and the supposedly greater reliability of the borrower.

The loan recipient also benefits from a stable relationship with the bank. A comparatively smaller benefit from placing a deposit seems to him to be a payment for profitable terms future loan and the very confidence in its receipt.

Construction savings in Belarus

In the Republic of Belarus, agreements on the construction savings system are offered only by JSC JSB Belarusbank. We could not find statistics on the number of people who used the service. But, judging by the reviews on the Internet, the picture looks like this:

The building savings system has been available since 2006, but has not been widely adopted. The majority continues to build on concessional lending, or agrees to relatively small, short-term loans.

There are clients who have managed to use the system, who already live in the purchased housing and are more likely to be satisfied with their decision. Most often, they write that the deal was made in Minsk, the minimum period of accumulation / saving was chosen, and housing was purchased on the secondary market.

Clarify existing credit conditions on the construction savings system, you can on the official website of "Belarusbank" https://belarusbank.by/ru/fizicheskim_licam/vklad_v_sisteme_stroitelnyh_sberezheniy.

Let's look at some of the defining terms of this offer.

The ratio of own and credit funds should be 1 to 4, i.e. 25% of the cost of housing is financed from the client's deposit, 75% from a bank loan.

Minimum savings period, i.e. the period during which the deposit is in the bank for 19 months. The basic savings period is 36 months. The maximum possible duration of this stage is 127 months.

3 options are offered credit plan, with different terms of depositing and saving funds.

During the period of placing a deposit, the client is charged an annual interest in the amount of the refinancing rate of the National Bank.

After the end of the savings period, according to the agreement, the payment period begins, when all accumulated funds are transferred (in cashless form) to the account of the home seller.

At the end of payments comes credit period relationships. The loan repayment period is 20 years.

The interest rate on the loan depends on the refinancing rate. There are two communication options for the client's choice annual interest and rates:

• National Bank of the Republic of Belarus + 1%
• Weighted average refinancing rate of the National Bank of the Republic of Belarus for the period from the month of the conclusion of the housing savings agreement to the month preceding the month of conclusion loan agreement, increased by one percentage point

The building savings system of Belarusbank JSB has several more advantages:

• The accumulated and credit funds can be used not only for housing construction, but also for the purchase of housing, including in the secondary market.
• Having accumulated funds, you can transfer your right to receive a loan to other persons (however, this does not relieve the borrower from the usual verification and approval of the bank).

Other terms of the agreements can be found on the Belarusbank website and be sure to check with a specialist before concluding an agreement.

Is the building savings system profitable in Belarus? Let this be a personal choice.

If the current refinancing rate were stable, then buying an apartment according to the described scheme would eventually cost about 2.75 times more expensive than buying without a loan. The same ratio for a preferential loan will be 1.87 times. That's why soft loans while much more in demand.

And the savings stage is also preceded by obtaining a loan. During this time, the amount of the deposit cannot be withdrawn (at least partially) under the threat of a fall in the annual interest rate from the refinancing rate to the rate on “demand deposits”. The minimum term for placing a deposit is 19 months.

But! In the recent history of Belarus, periods of ruble stability have rarely been long. The collapse of the exchange rate during the savings stage is very unpleasant for clients, in the next credit years this promises a proportional relief of the credit burden.

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