Credit for pensioners in Sberbank

Today, not every financial institution is ready to issue loans to citizens of retirement age, but Sberbank always offers benefits and privileges to certain social groups. Consider the conditions for granting a loan at Sberbank for pensioners.

Unfortunately, today the bank does not offer a special program for pensioners.

Since the institution’s main loan projects have age restrictions, it is worth studying the requirements and opportunities that Sberbank offers for loans to pensioners.

Typically, loans are not offered to persons who will be over 65 years of age at the end of the loan agreement. The exception is if the client has a guarantor, who can be a relative or acquaintance, as well as real estate, which he is ready to pledge.

Options for providing loans to pensioners at Sberbank

Without collateral

Unsecured clients can count on the following loan parameters:

1. Size: from 30 thousand. rubles (from 45 thousand rubles for those living in Moscow).
2. Limit: up to 3.0 million rubles.
3. Currency: national.
4. Additional payment or commission: none.
5. Repayment period: from 3 months (up to 5 years).

If a pensioner client has temporary registration, the period of validity of the contract cannot exceed its expiration date. In any case, there is no need to specify the reason for the loan. The rate is set on an individual basis. Many parameters are taken into account, the priority of which are total income and term. A distinctive feature specifically for pensioners receiving accruals through a bank is the opportunity to use reduced rates. Interest on loans to pensioners at Sberbank (conditions for 2019):

• For a loan up to 250 thousand rubles: 12.9-19.9%.
• from 250 to 500 thousand rubles: 14.5-15.5%.

It should be noted that the rate is reduced by 1 point when submitting an application through the online service.

Programs with improved conditions

Customers should choose from general home loan offers

If the pensioner is over 65 years old, the lender suggests using a different option. The program is intended for persons no older than 75. A distinctive feature is the requirement for guarantors. It is important to choose a person with a high level of income for this role, since it is his indicators that are taken into account when considering the application.

The advantages of a program with collateral include:

• Loan size: up to 5 million rubles.
• Number of guarantors: up to 2.
• Rate: from 12.9% (for borrowers receiving a pension or salary from the bank).

Features of pension lending

The distinctive features and privileges of this loan offer are:

1. Loan size: from 500 thousand rubles.
2. Limit: up to 10 million rubles or up to 60% of the value of the collateral property (according to the expert’s report).
3. Deadline for debt repayment: up to 20 years (or until the temporary registration expires).
4. Rate: 12.0%.
5. Interest surcharges: 1% is added if the client does not have a life insurance policy and 1% if the pensioner has not issued a pension at this banking institution.

Since such requirements are not always of interest to pensioners, you should choose the option with collateral only if you need to borrow a significant amount or if it is not possible to confirm the required level of income.

Using an online calculator to select options

There are suitable options: 1. a loan for an apartment in a house under construction, 2. a loan for finished housing, or 3. take funds from a bank to build your own house

For each of the proposed options, you can preliminarily calculate the contract criteria: rate, size according to income level, total amount of overpayments on the loan, etc. It will help you calculate the optimal conditions for a loan to pensioners from Sberbank.

It can be found in the description of each type of loan. The client will need to fill out the columns of the calculator:

1. The required loan amount.
2. The optimal period for repaying the debt.
3. Preferential category (receiving a pension from a given credit institution).
4. Date of birth and gender of the client.
5. Basic income level.
6. Other client profits.
7. If there are co-borrowers: description, income level.

The calculator will give you the answer. If the client’s criteria do not meet his wishes, he will issue his proposal based on the parameters entered.

Procedure for obtaining a loan

To take out a loan from Sberbank for a pensioner, the parameters of which he independently determined for himself using a calculator, it is worth visiting the branch to fill out an application. It is compiled on the basis of available documents and the client’s wishes regarding the loan criteria.

Required documents

When submitting an application, you must submit the following basic documents:

1. Passport.
2. Social Security policy or pensioner ID.
3. Employment history. You can also provide a certificate of a different type, which will indicate the length of service for the last six months and five years (if available).
4. Personal income tax certificate-2.
5. Document on the amount of pension.
6. Confirmation of the presence and amount of additional charges.

If the client uses the help of guarantors, copies of their passports and documents on the level of solvency and employment are required. When using collateral, contracts for it or other documents confirming ownership are required. But they can be transferred after receiving a positive response from the lender (within 60 days).

Bank employees evaluate the client’s performance and his wishes. Review lasts up to 2 days. If a pensioner is a bank client as part of the accrual of regular payments, he can receive the result on the spot. After which he is offered to conclude an agreement.

Benefits when providing collateral

Debt repayment procedure

The client should study not only the conditions for obtaining a loan for pensioners from Sberbank, but also the basic principles of payments:

1. You can receive the money within a month after the loan is approved.
2. The money is received once in full to an existing account or to a client card opened at a banking organization.
3. Repayment method: regular equal installments.
4. Late penalty: 20%.
5. Possibility to pay off the balance of a debt of any size early. Happens only upon a written application in advance. It is necessary to indicate a specific date (working day) and the amount to be repaid. You should first check the balance at the department.

You can deposit funds using any of the following options:

• Deposit into the operating cash desk of any branch.
• Deposit cash through an ATM.
• Pay from your card via ATM, Internet, Mobile Banking.

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