Loans against a plot of land: half a kingdom for a loan

Loans secured by land are as varied as the numerous mortgage programs for the purchase of housing. Hundreds of banks offer their way of solving financial difficulties for customers owning land. The specific borrowing parameters depend on the selected bank and credit program, the terms of the expected repayment of obligations and the required loan amount. In this case, you can manage to attach a variety of sites for individual housing construction or the construction of commercial facilities, as well as agricultural land. We will understand the actual credit products related to land.

Unlimited credit under the ground from "AkBars"

"AkBars" Bank will readily lend money not only when providing residential or commercial real estate as collateral, loans secured by a plot of land are also relevant. Loans are provided under this program to individuals for up to 10 years in the amount of 10,000 rubles. Interest rates in rubles - 15.9-17.9% per annum, and in dollars or euros - 11.9-13.9% per year. The land, which is accepted as a pledge of "AkBars", should belong to the category of land of settlements. The plot must be evaluated, and also insured.

Money on the security of agricultural land in "Rosselkhozbank"

You can take a loan on bail in the Rosselkhozbank, but not all the plots will be used when applying to this bank - it will be arranged only for agricultural land. This loan can be received for any current or investment purposes both by a private person, and by legal entities or entrepreneurs. The maturity of obligations is 8 years. An independent assessment and insurance of a land plot in favor of a creditor bank is mandatory. The remaining borrowing parameters are individual and determined only after the evaluation of the potential client.

"Tetrapolis" is ready to give for the land up to 45 million rubles

Bank "Tetrapolis" will provide for three years a loan secured by a land plot, the cost of 300 thousand to 45 million rubles. The size of the loan can reach 100% of the land's collateral value. The decision will be made quickly, and the money will be transferred within 3-7 days from the date of application. The rate is 14-18% per annum in rubles or 10-17% in foreign currency. Additionally it is proposed to issue a personal insurance policy.

What should we build a house ... with "VTB24"

But the bank VTB24 loans secured by land provides not for free consumer purposes or for business, but for a specific task - the construction of a house on the site, which will be provided as collateral. The loan can be issued in 5 tranches - as the various stages of construction are completed. The terms of repayment are solid - from 3 to 30 years. The minimum loan size is from 490 thousand rubles, and the maximum limit is limited to 200% of the value of the land plot. The cost of credit resources is from 12.1% per annum.

Domestic banks offer a variety of loans secured by land, you can only find the best option to take money on debt with a minimum overpayment.