One of the largest financial and credit institutions in Russia reduces the minimum age for obtaining a mortgage loan: from 21 to 18 years.
Caustic comments have already appeared on social networks: “I graduated from school – took out a mortgage!”, “Right from infancy – into credit bondage until retirement”.
Young borrowers will have access to two mortgage programs – loans for secondary housing and new buildings. The general requirements for those wishing to purchase an apartment on a mortgage will not change: the minimum contribution is from 10% of the cost of housing, work experience at the current place of work is not less than three months, the loan term is up to 30 years. It can be assumed that the bank will need guarantors in the form of parents, otherwise relying on frivolous youth may not be justified.
It should be noted that the mortgage market is showing rather volatile demand. If in June 2021 the volume of mortgage loans in Russia exceeded 545 billion rubles, then in July Russian banks provided loans to borrowers in the amount of 433 billion rubles, which is 20.6% less than last month (citizens massively went to rest in Turkey, Egypt and postponed the purchase of housing?).
In the Saratov region, according to the Central Bank, in the first half of 2021, there was an increase in the volume of housing lending: the share of mortgage loans increased from 21.9% to 24.4%.
True, according to research by the National Bureau of Credit Histories, in June our region was in the top five Russian regions, where the average size of the mortgage increased sharply (up to 2.7 million rubles) – by 14.3% per month. Experts explain this by the rise in prices per square meter of housing.
Source: Все материалы – Московский Комсомолец by saratov.mk.ru.
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