Georgia Loan Advice

To address issues related to youth housing, which contributes to improving the demographic situation in the country creates the necessary conditions to improve welfare, economic polozheniyamolodyh families and single people, their harmonious development and fulfillment, the Cabinet of Ministers established the State Housing Fund for the Youth construction.

The purpose of the fund is precisely the promotion of the government’s housing policy. And one of the policy directions it – is the commercial lending and budget for citizens aged 35 let.Chtoby find out what it is, I sought the advice of the Odessa regional administration of State Fund.

The mechanism of commercial lending lies in the fact that young people take a loan for building or purchasing housing in the bank and fund partially offsets the borrower the amount spent on interest payments for use of commercial credit. That is, if you took a bank loan for an apartment , say, by 13 percent per annum for twenty years, during the first five fund will pay you compensation equivalent to one NBU’s discount rate, which currently stands at eight percent.

When the budget credits young people have the opportunity to obtain long-term (up to 30 years) loan at three percent per annum. Also in this case, granted benefits to citizens who have one child – they get an interest-free loan for an apartment , two children – they state “forgives” 25 percent of the loan amount, three children – paid off 50 percent.

Looks tempting, does not it? Only when I had heard all this, my mind immediately unconsciously originated a question: if everything is so good and affordable, why are only some of my acquaintances several young families with more than a year crammed in rented apartments? Without leaving the bank operates, where regional administration fund, meet with the young couple, who also came for advice, although not at first. I’m interested in what they think of the fund.

- In theory the program, of course, is good, but in practice more. Well, firstly, to a credit system actually worked, to the permanent funding of the state, and with this in our country’s difficulties. In addition, start with commercial lending. The program provides compensation for the borrower eight per cent a year, but this percentage you will receive only if the cost of one square meter of apartment you bought will not exceed USD 3,300, while such prices in Odessa (and in many other cities – editorial .) simply does not exist. And then, we must remember that, if a fund suddenly have “financial difficulties” (of course, in the management of the possibility of such a situation, deny), the bank will not take this into consideration and you have to pay yourself.

The first condition for both budgetary and commercial loans – a stay at kvartuchete a hunger strike. , But at kvartuchet put in, if for each family member had only about seven square meters of housing. The budget is practically impossible to obtain credit. Distributing it on a ranking system. Based on questionnaires filed wishing to become registered,

Candidates award points, and creates a rating. The highest number of points available for academic degrees and if your priority in the queue for an apartment. For a child is charged only one point. In principle, this ranking makes sense, because he, in theory, should encourage borrowers. The trouble is that the queue is not moving.
Asked whether they take credit?

- We’ll be waiting for replenishment of the family. Of course, very much like to acquire its own apartment, though small. For more than one month, learn about loans in the various Banks – dearly, heard of the fund, hoping that this – our chance. But the prices are so high that even the minimum landscape in a month should be given to the bank about $ 500. Husband – system administrator, until recently, as a young professional with no experience, received only 150 dollars, now – 300, over time it has the prospect of earning 500 but in my six hundred UAH in the school as an accountant-cashier – it is not particular difference. Naturally, such a loan, we simply have not been able, as I think, and many other young families.
Finally decided to ask the consultant for regional management as soon as we can expect a loan after filing?

- Commercial loans, if all documents are in order, you can arrange for several months. But the grace – to be ready to wait. For example, over the past year was not given any. Today in the rating of the Odessa region consists of more than 3 thousand people. And in just six years issued about 70 such credits.

On this I think I’ll finish my story about the fund and on what assistance the state is trying to “help young people. The findings here, in my opinion, suggest themselves, but let them all as everyone makes for himself …