The housing construction financing system in Belarus is still far from perfect. As expected, the adoption of the law “On Housing Construction Savings” could give impetus in this direction. However, the draft of this law has been going back and forth in high offices for several years.

Currently, investments in housing construction in Belarus are carried out mainly through bank loans, budget funds, organizations and the population, which, however, is not yet able to fully finance the purchase of housing. The state spends significant resources to compensate banks for losses from preferential lending. However, the effectiveness of such expenditures can be questioned - more than 750 thousand families are registered as in need of improvement living conditions. One of the ways here is seen as a system of housing construction savings, which could help the current housing financing mechanism. True, this topic has been discussed to no avail for a good ten years.

How does the system work?

To general outline to present the work of the housing construction savings system, we turned for comments to the ASB "", which has been trying to work in this direction since July 1, 2006.

The system involves two stages. The first is the accumulation of one’s own savings, the second is the period of lending. Today, Belarusbank offers three savings options - for three, five or seven years. The interest rate is equal to the refinancing rate of the National Bank of Belarus (currently 14%). However, in the case of accumulation of savings in equal installments, the right to receive a loan begins after the entire period of the chosen accumulation option has expired. If you deposit the entire amount of your own funds on the day of concluding the agreement, the right to receive a loan begins after 19 months.

When purchasing a home to obtain a loan, you must submit a residential purchase and sale agreement and a certificate of market value housing, in the case of apartment construction - a contract for the construction of an apartment. Also, to calculate solvency, it is necessary to provide information about the income of the borrower and the income of the guarantors for the last three months.

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 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. Repayment of the loan and interest on it is carried out in equal installments throughout the entire loan repayment period.

Such loans can be used by all citizens, regardless of the need to improve their living conditions and the place of registration of the borrower and the place where he opened a deposit account. As Belarusbank explained, any person can become a participant in the system, “for example, a grandmother, parents, in order to accumulate funds for grandchildren, children and help them solve the housing problem in the future. These persons have the opportunity to assign the right of claim under a housing savings agreement to their grandchildren or children, who in the future will receive a loan themselves, build or buy housing, and will themselves pay the bank for the used loan.”

What are the first results of the system?

About 9 thousand people have already taken part in the Belarusbank construction savings system, placing more than 60 billion rubles on the Housing Savings Deposit. Taking into account the completion of the savings stage and receipt of loans, as of August 1, there were more than 3 thousand “Housing and Savings Deposit” accounts with a balance of more than 42 billion rubles.

Since February 2008, the bank began lending to participants in the construction savings system. During this time, about 900 loan agreements worth more than 53 billion rubles were concluded. At the same time, about 20% was allocated for housing construction, and more than 80% for the purchase of housing. As the figures show, participants buy housing most of all.

Is the law in question?

Deputy Director of the Department retail business JSC " ASB Belarusbank“Igor Rudy, in a commentary for TUT.BY, agrees that “to organize the work of the construction savings system, it is necessary to adopt the Law on the construction savings system. In countries of Eastern Europe a law was adopted that was the impetus for the development of the system. The presence of the Law guarantees the transparent operation of banking institutions in this market segment, and also ensures state support for participants in the construction savings system."

As the Ministry of Construction and Architecture of Belarus, which developed this bill on housing construction savings, explained to a TUT.BY correspondent, the latest version of the draft law “has been in the government for a long time” and has not been returned to their department for revision. As the Ministry of Construction and Architecture clarified, the fundamental difference from already current system in Belarusbank is that local executive committees offer a person housing at affordable prices, he does not have to look for any options on his own.

However, the construction department said that the problem is stalled due to different positions of government bodies. In particular, the positions of the National Bank and the Ministry of Finance differ regarding bonuses to depositors and the allocation of additional resources.

Oh, what a long review ahead! I hope it will be useful. Make yourself comfortable, because I can't be stopped)

Getting your own home is the dream of 70% of the population, especially when you wander around rented apartments (and more than one). I first heard about the Construction Savings System (CSS) about three years ago, when a Belarusbank consultant (and for me she was a friend, Aunt Katya, they worked nearby) shared with me how she built an apartment for her daughter. I read it on the website, talked to her again and refused this option, because renting an apartment and saving at the same time seemed like a crazy idea.

The construction savings system is a solution to your housing problem, subject to the accumulation of part of your own savings and obtaining a loan for housing construction on favorable terms.

And then... One of my friends and her husband bought an apartment, and two years ago my grandmother gave an apartment to another friend of mine (the main amount was from her, the friend also contributed her own investments) and my mother took care of providing me with an apartment: “All the girls have apartments , but my daughter doesn’t!” Honestly, it was her “fire” that ignited my interest and activity. It was December 2016. I was actively studying loans from all banks, sadly assessing my chances, studying again and getting upset again. And at the same time I studied the prices. And suddenly... my mother talked to my brother and asked him to help - to give me money on the condition that I would not apply for my parents’ apartment. The amount of cash was $4,000, so we began to think about what to do. And then I again saw information about SSS, was the first to read negative reviews on the Internet, and then came across a large discussion on one of the sites where users shared knowledge and chewed on each other’s features of this contribution (and initially it is necessary to make a contribution). There were a lot of pages, I read it at night after work. And I dreamed. At the same time, I went to the bank and consulted, asked questions and clarified points that were unclear to me. I went to the bank 2 times before the stage of concluding a deposit agreement; the branches and branches were different, as were the consultants). Of course, it was easier for me, because... I had the amount for a 25% contribution and the opportunity to get a loan after 19 months.

The construction savings system consists of two stages:

• accumulating your own savings by opening a “Housing and Savings” deposit;
• lending period.

Those. You can enter into an agreement for a period of 36 months, pay 25% of the cost of the proposed housing in the first month, and after 19 months you can already apply for a loan. Or you can replenish your deposit in installments over the entire 36 months and eventually accumulate that same 25%. By the way, there are three accumulation periods to choose from: 3 years, 5 or 7 years. You can receive a loan within one year from the date of expiration of the contractual period of the savings stage.

I soberly assessed the risks, I understood how fragile the exchange rate in our country is and that we could lose money due to inflation. But did I say that my mother and I burned down the apartment together? What tiny little ones we looked at, in what areas they were located! The thought was warming: tiny, far away, but your own! Moreover, I rented an apartment in the middle of nowhere. Inexpensive one-room apartments cost approximately $16-17 thousand at the beginning of 2017, so we decided to borrow another $1,000 and make a deposit. After all, who doesn’t take risks... The first stage was exchanging currency for my own squirrels, I changed money at my parents’ place in the city (it wasn’t so scary with my brother), thanks to the reviews, I already understood that the “bags of money” from a negative review - this is not an exaggeration. The $ exchange rate at that time was about 1.93 rubles upon delivery. They exchanged the entire amount for me in 5 ruble bills. - 2,000 bills!!! Rounded up to 10,000 BYR. I can responsibly declare: this is a big backpack of money. I had already thought in advance what to do with this amount, because I needed to open a deposit in Gomel, and traveling with this backpack was scary and difficult: I opened an account and deposited money there. Without any problems I transferred the amount to the deposit account on 02/08/2017 and off we go...

I joined a group on housing issues, where they discussed new buildings, housing prices and purchasing methods. And I tirelessly looked at apartments in advertisements... and came to the conclusion that I could aim for a two-room apartment, albeit an inferior, small one... I fell in love with the apartments and “parted” with them, crying from powerlessness and fear for the future. And I followed changes in legislation, in the SSS, studied legal acts in detail. Needless to say, discussing the purchase of a home has become a favorite topic? The forum where you could complain and feel support, as well as your mother, saved you. 19 months have not passed - they have flown by. I was ready for this event, because I periodically came and took statements about changes in the deposit amount, and also clarified questions that arose along the way. Unfortunately, I can tell a couple of stories about the incompetence of employees, but I was lucky to still receive professional advice both during the accumulation stage and the credit stage. The deadline for obtaining a loan was 09/08/2018, but we started looking at apartments in August. And the course jumped. It would seem that from 2 rubles it grew to 2.05, then 2.20, but for large amounts it was a disaster... I didn’t like the apartments: either the price was wrong, then the size was like a doll’s house, or a real shithouse. Nevertheless, I visited the mortgage department for a consultation. The first time they turned me away with the wording “the deposit runs out, you’ll come back,” so I was wary. And I was lucky: Irina Alekseevna Baydun became my consultant and accompaniment. She told and explained everything in detail. And I found out that the waiting list for applying for a loan was already 2 weeks (!) and I signed up “just in case.” And she continued to search. It could have been a separate big review of a loved one and several months of nervous tics.

Important! All 19 (and I ended up with 20 months) my money on deposit worked: it was accrued interest in the amount of the refinancing rate. In total, at the time of the money transfer, my 10,000 turned into 12,179, or from $5,181 to $5,612 (at the time of the transaction, the rate “jumped” to 2.17 rubles). In the end, I even ended up with a good profit.

Refinancing rate – rate National Bank of the Republic of Belarus, which is the basic instrument for regulating the level of interest rates on money market and serving as the basis for setting interest rates on operations to provide liquidity to banks.

I completed the purchase of the apartment with the help of an agency; I will leave the stages of preparing the documents outside of this review (and I mainly came to sign and pick up the documents). At the branch where I made a deposit, I took a statement, which indicated the amount of savings and possible loan, and also found out the construction and installation work coefficient. By the way, it can work both in + and - credit. That is why the borrower can either use it or not. My SMR was 1.21, which gave me about 5,000 BYN + to the loan!

System of indexes (coefficients) of recalculation (changes) estimated cost construction is the most important pricing tool in construction in modern conditions. Indices are used to determine the cost of construction in current (or forecast) prices and for settlements for completed construction and installation work between customers and contractors.

The main purpose of indices (coefficients) is to take into account the factor of increase in the cost of construction in relation to the base level.

I ordered an income certificate in advance, because... they gave it to me from another city. The bank advised me of 3 guarantors, but there were only 2. And again I was lucky: the wife of one of the guarantors agreed. My guarantors also ordered certificates; while receiving the certificates, I went to the bank to check them. Before the day of submitting documents (preliminary agreement, salary certificates, copies of passports) I was very afraid of some obstacles, but everything went well, I announced 2 guarantors (it was difficult for one of them to come later), I left the 3rd “in reserve”. The documents were submitted on Friday, and on Tuesday evening I heard “yes”. I concluded an agreement with a notary, registered it with the BTI, and took it to the bank for verification. And again my Irina Alekseevna helped: I brought the documents at 16-17 hours, and in the morning I arrived with the guarantors to sign the agreement. I transferred my part of the money from the deposit to the seller’s account, took the payment to the mortgage department, and managed to transfer part of the bank’s money to the seller on the same day. I ordered currency at my bank branch, fortunately, Elena Vladimirovna Voitekhovich (bank branch manager, she also advised me on the deposit throughout the entire period) coordinated the work of the employee in transferring money from the deposit and ordered the currency without problems during “after-hours” hours (applications were left until 10.30 , and I was 12).

The total loan amount was 39,427 rubles. Due to the rate jump, I had to pay own funds, not provided for by the deposit, because the bank could not issue a loan for more than 75% of the cost of the apartment. Preliminary agreement was concluded at an exchange rate of 2.10 rubles, and the transaction itself was 2.17 rubles. Yes, the contract states the price in Belarusian rubles, but there is a line “which is equivalent to... thousand dollars at the exchange rate.” The seller doesn’t care about the exchange rate and everything else, he wants to receive his amount in hard currency.
I've been living in mine for 1.5 months now big apartment, renovations and 20 years of loan payments are ahead. By the way, for the first 18 months I pay only % - 195.07 rubles, from May 2020 the principal debt will be added to 178.40.
A few words about interest: when concluding a loan agreement, you can choose 2 options for the interest rate - CP + 1% or the weighted average rate (I still don’t understand what it is) for the term of the deposit. You can only move from the first option to the second in all 20 years. Because on this moment SMR 10, then I chose SMR+1, because my weighted average is 13.

The housing problem is one of the most pressing issues among Muscovites who are looking for money to purchase real estate.

A mortgage for housing construction in Moscow makes it possible to obtain real estate in a fairly short period of time.

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

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

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 using a virtual calculator monthly payment, compare conditions in several banks and choose a more profitable option for yourself.

Applying online for a loan in Moscow is easy, just a few steps are enough:

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

How can Muscovites get a mortgage to build a house?

You need to submit a number of documents to the bank:

1. Passport.
2. For males - military ID.
3. SNILS.
4. Education documents.
5. Marriage certificate, birth documents of children.
6. Work record book from work
7. Income certificates.

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

Those clients who build from more durable materials have a greater chance of getting a mortgage in Moscow for building a house.

Which Moscow banks provide mortgages for housing construction to Muscovites?

Among the leaders:

• Sberbank;
• Bank of Moscow;
• Rosselkhozbank;
• Credit Bank of Moscow;
• RosEvroBank and others.

By taking out a mortgage for housing construction, the client quickly resolves housing issues. Preferential mortgage agreements that are beneficial to the client - an economically reliable investment.

Partner news

Belarusbank offers an alternative
preferential lending housing

The construction savings system can become an alternative to preferential lending for housing construction, they say OJSC "ASB Belarusbank".

The construction savings system is profitable, reliable and transparent. Not only experts think so oldest bank countries, but also his clients, who are personal experience We were convinced of the advantages of this method of solving the housing problem.

“When our family decided to get our own home, we spent a long time looking for a suitable option,” says Anna Sidorova, a young mother who dreamed of her own home. “The options we found impressed us, as did the amounts that were asked for them. Our savings were only enough for a quarter. Then we learned that there is such a product - a construction savings system that allows you to save up money and then buy a home on credit. We chose the shortest accumulation period - 19 months. The interest, however, was lower than on other deposits, but after a year and a half and one month we had the right to receive a loan on attractive terms - at the refinancing rate plus one percent. The payments turned out to be quite affordable.”

An innovative product for Belarus designed to solve the problem of providing citizens with housing without state participation—a system of construction savings—Belarusbank offered its clients ten years ago. Over 15 thousand people became participants in the project. More than 3.5 thousand people received loans, and over 500 of them were issued this year. The figure may not be so significant, nevertheless, the bank provided these people with the opportunity to decide their housing issue on one's own.

The essence of the construction savings system is to divide it into two stages: savings and payment and credit. In percentage terms, the ratio of your own accumulated funds and credit should be 25 to 75.

At the first stage, anyone can come to the bank and open a housing savings deposit, indicating in the agreement the amount that they are willing to invest in the construction or purchase of housing. Such a deposit is opened for a period of three to seven years. The system participant accumulates the declared amount.

Is it true, interest rate based on such a contribution, someone may not find it very attractive. Its size is equal to the refinancing rate of the National Bank. Today it is 18% per annum, which is noticeably higher than the inflation rate, but slightly lower than the yield on other types of deposits.

“It is important to understand why all this is being done. It is necessary to take into account the significant advantages of the system when obtaining a loan. A small interest rate on a deposit is a kind of payment for the same small interest rate on a loan,” explains Inna Rusakovich, director of the retail business department of JSC ASB Belarusbank.

The interest rate on the loan in this case is equal to the refinancing rate of the National Bank plus 1 percentage point, which today is 19% per annum. When compared with traditional loans for the construction and purchase of housing, the benefit for the consumer is obvious, because now a regular loan for real estate financing is issued at the refinancing rate of the National Bank plus 3 percentage points.

Inna Rusakovich: small size The interest rate on a deposit is a kind of payment for the same small interest rate on a loan.

It is also important that interest on the loan is paid in equal installments, which allows you to plan expenses family budget for a long period of time.

A construction savings loan has a term of up to 20 years, while a regular home loan has a term of up to 15 years.

“Anyone can take advantage of the offer for loans for the construction or purchase of housing through the construction savings system, regardless of whether he is registered as needing to improve housing conditions or not,” emphasizes Viktor Ageev, director of the population lending department. — In practice, the system works as follows. Suppose a citizen is planning to purchase an apartment worth 200 thousand rubles. and he already has savings in the amount of 25% of the cost of housing - 50 thousand rubles. In this case, he places this amount on a housing savings deposit. During the selected period of the savings plan, the money is kept in the deposit and interest is accrued on it. After this period, the program participant transfers funds to the account of the real estate seller, and the bank provides the client with a loan in the amount of the remaining 75% of the cost of housing.”

In this case, the size of the loan is determined not only based on the amount of funds as a result of the savings stage, but also on the creditworthiness of the participant, that is, the level of his income. An important advantage when calculating the loan amount is the ability to include total income the recipient of the income of the guarantors - close relatives (family members).

By the way, you can repay the loan early

Of course, there are often situations when a citizen does not immediately have the entire contribution amount equal to 25% of the estimated value of the property. In this case, depending on the chosen plan (and there are three of them), the citizen makes savings in the deposit until the amount of the savings amount declared by him is reached.

This system has a number of undeniable advantages.

One of the attractive factors is that a participant in the system can build or purchase housing in any region of the country, and also has the opportunity to transfer his housing savings deposit on a free basis to any Belarusbank institution, preserving the accumulation history,” without having to do everything start over.

Anyone can become a participant in the system. For example, grandparents can accumulate funds for their grandchildren, parents - for their children, thereby helping them solve their housing problem in the future. They can assign the right to claim under a housing savings agreement to their grandchildren or children, who in the future will receive a loan themselves, build or buy housing, and will themselves pay the bank for the used loan.

“Today, the construction savings system of JSC ASB Belarusbank is becoming increasingly popular, as it remains the most optimal option for solving housing problems,” says Inna Rusakovich. In a situation where housing prices are relatively stable and inflation is slowing down, more and more people are deciding on long-term projects. The effectiveness of the system has already been tested by more than one thousand participants.

The construction savings system is:
the possibility of providing housing in any city;
obtaining a loan regardless of the need to improve housing conditions;
solving your housing problem by accumulating part of your own savings and obtaining a loan for the construction or purchase of housing on more favorable terms.

With the help of the construction savings system of JSSB "Belarusbank" you can purchase or build an apartment (individual residential building) regardless of the place where you open a deposit account, decide housing problems not only your own, but also your family and friends.

The construction savings system consists of two periods:
the period of accumulation of one’s own savings by opening a term deposit “Housing and Savings”;
lending period.

First period. The period of accumulating your own savings by opening a term deposit “Housing and Savings”.
You can apply for a fixed-term deposit “Housing and Savings” at any branch of the Belarusbank JSB.

By joining the construction savings system, you choose the most convenient savings plan and independently determine the accumulation period and the amount of investment in the construction or purchase of housing. The term of accumulation of funds is 3, 5 or 7 years.

When you deposit the amount of your own funds ahead of time into the term deposit “Housing and Savings”, you also have the opportunity to early receipt loan.

Income on the term deposit “Housing and Savings” is accrued in the amount of the refinancing rate of the National Bank of the Republic of Belarus and is added to the deposit on a monthly basis.

Second period. Credit period.

Lending to a system participant is carried out after the end of the first period.

The bank provides you with the opportunity to conclude loan agreement to pay for the construction or purchase of housing;

Having accumulated cash on term deposit“Housing and savings”, you can transfer the deposit and your right to receive a loan to another person (parents - children, nephews, grandchildren and others), and the loan can be issued at the place of registration of another person, taking into account his solvency;

Having accumulated funds in the amount of 25% of the cost of housing, you have the opportunity to receive a loan for the missing amount to pay for the construction or purchase of housing in the amount of up to 75% of the cost of the premises;

The term of the loan (up to 20 years) and the procedure for paying interest are determined similarly to the period and procedure for paying interest established by preferential loans for housing construction;

The interest rate for using a loan corresponds to the level of the refinancing rate of the National Bank of the Republic of Belarus + 1 percentage point, which is 2-5 points lower than the rates on loans on a general basis;

Payment of interest for using the loan is made in equal installments and does not depend on the need to improve housing conditions, which will allow you to plan family budget expenses for a long period of time;

When the refinancing rate of the National Bank of the Republic of Belarus changes, the interest rate for using a loan changes both for newly concluded and previously concluded loan agreements.

Additional Information:
"Green number" 8 801 100 4444; 8 801 100 5454