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To obtain credit, one should earn Br56 mln per month

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To obtain credit, one should earn Br56 mln per month

Joint Stock Company “Savings Bank “Belarusbank” has resumed providing loans for buying residential property in the resale real estate market.

It is said in the report of the press-service of the bank.

The loan is provided in Belarusian rubles for a term up to 15 years at 32% yearly bank interest. The bank is ready to finance up to 75% of the housing cost.

As tut.by was informed by the contact centre of Belarusbank, in order to be accommodated with a loan of $50,000 (about Br 875 million), one should have a salary of about Br 56 million per month. The monthly payment will be Br 28 million 200 thousand. “Our calculation is approximate. You can learn it in more detail in the loan services department. By the way, the total income of family members or guarantors is not taken into account, only your own income,” the expert noted.

Interest rate is paid since the next month after the loan was provided. Interest calculation is made on the actual balance of the principal amount of a loan.

To be offered a loan, one should also provide a package of documents, including an agreement for purchase and sale of residential property. Besides, the loan is to be secured by a guarantor.

We remind that a month ago Belarusbank lowered interest rates for newly executed credit contracts for financing of residential property to 32%.

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