Retail lending. Loan granting to private individuals

One of the spheres of bank credit activity is retail lending(Loan granting to private individuals).

Borrowers must be physical of age parties registered or having permanent citizenship in the Republic of Belarus, and having steady source of income.

Citizens at the age of retirement can get a credit only for consumer needs and if they have a physical coborrower, who will not rich the retirement age, established by legislation, till the termination of the credit contract.

Head office, having an address at Minsk, Myasnikova 32, carries out credit activities (loan granting) only to private individuals, serviced according to the salary project.

Private individuals can get a credit for the following purposes:

• building (reconstruction) of dwelling houses and flats;
• buying or exchange of a dwelling house or a flat;
• building and acquisition of garden houses and individual dwelling houses for seasonal living;
• building and acquisition of garages (parking places);

• acquisition of goods meant for individual, family or domestic consumption;
• acquisition of transport means with no more than 5 years working lifespan;
• service credits(acquisition of tours for holidays and cure; expences on studying and medical help; for ritual cervices; for security system installation and installation of telephone network);
• acquisition of a member-card in the sports and health club Fitness World (hereinafter referred to as - Club);
• other consumer needs.

Credit period of use has the following limitations:

credit for financing real estate:

• credit for building, acquisition, exchange of a dwelling house or a flat, acquisition of a flat by taking part in local housing bond loans - up to 15 years;
• credit for reconstruction of dwelling houses or flats, for building or acquisition of garden houses, individual dwelling houses for seasonal living, garages (parking spaces) - up to 7 years;

credit for consumer needs:

• auto-credit for acquisition of transport means with no more than 5 years working lifespan - up to 5 years;
• credit for acquisition of member-cards of Club - up to 1 year;
• credit for other consumer needs - up to 3 years.

For financing real estate only cashless credits are granted in Belarusian rubles and in foreign currency.

For consumer needs credits are granted:

in Belarusian rubles:

• on accounts of a third party;
• by giving a cheque book;
• on the current (operating) account of the borrower, opened in the Bank with issuing a plastic bank card - no more than 500 primary insurance amounts;
• in cash - no more than 200 primary insurance amounts.

in foreign currency:

• on the accounts of nonresidents, their agencies and filial opened in the bank;
• on the accounts of third parties in Belarusian rubles;
• by giving a cheque book in Belarusian rubles;
• on the current (operating) account of the borrower, opened in the Bank with issuing a plastic bank card - no more than 5000 USD.

Bank decides on the amount of the credit basing on:

• the value of the credit project;
• borrowers financial solvency. For crediting real estate and transport means, if necessary, total net income of family members is taken in account, and total net incomes of other coborrowers (no more than two) on their permission.

The amount of the credit should not be more than 70% of the project value (member-card value).

For obtaining a credit and signing a loan contract the borrower must present the following documents:

• application form;
• passport or other identity and registration document, photocopies of passport;
• a photocopy of work book filled in according to the rules (except credits for consumer needs);
• earnings and takeaways certificate for the last three months from work and/or documents confirming other sources of income, provided they exist;
• in case of calculating the total net income of family - photocopy of marriage certificate, birth certificate or other document confirming the family structure;
• jthe other documents depending on the purpose of the credit.

For bail security private individuals should additionally present:

• written application from the coborrower with a request to include his income into the total net income of the borrower while calculating his credit worthiness (if necessary);
• coborrower`s form;
• passport or other identity and registration document, and photocopies of passport;
• a photocopy of the work book of the coborrower (if necessary)filled in according to the rules (except credits for consumer needs);
• earnings and takeaways certificate as a rule for the last six months from work and/or documents confirming other sources of income, provided they exist.

Forms and earnings and takeaways certificates from work are presented by the bank.

Coborrower must be an of age private individual permanently registered in the Republic of Belarus and having a stable course of income.

Ensuring performance of obligations:

Performance of obligations and interest paying can be also ensured by: cash margin deposit, collateral of immovable and movable estate, guaranty and other ways under the Law of the Republic of Belarus. It is possible to use various kinds of backing for one credit contract.

If the car, bought with the credit, is used as a collateral, it is necessary to insure full motor hull for the whole period until the credit is paid back.

Plan of credit settlement:

For separate credits on estate financing compensations of a principle amount of a loan can be made in the following way:

• for building an individual dwelling house - beginning with the following month after putting the house into operation, but no later than after 2 years after signing the credit contract;
• for building a flat - beginning with the following month after putting the house into operation, but no later then after 1 year after signing the credit contract;
• if a flat or a dwelling house is built without a full range of interior decorations in accordance with established order - 6 months after the house is put into operation, but no later than after a year after signing the credit contract;
• for buying, changing, reconstructing of a dwelling house or a flat, also for building garden houses, garages (parking spaces) - no later than after six months after signing the contract;

Payments on the principle amount of loan of credits for acquisition of transport means or for consumer needs must be started beginning with the next month after getting the credit.

The borrower has the right to perform the prescheduled repayment of credit (part of the credit) on the permission of the Bank, provided he pays the interest for the actual time of the usage of the credit.

Operation name

Rate of tariff

Providing, on request of a private individual, statements of current (operating)account, holdings (deposit), bank transfers made in the previous years with attachments; issuing various official documents

0,3 primary insurance amount for one statement (official document)

Granting of cheque books and cheques in settlement to private individuals

0,5 primary insurance amount

Acceptance of disposable funds in Belarusian rubles from private individuals on the account of diplomatic missions, legal entities and sole proprietors - clients of JSC "Belvnesheconombank" *

1 % from the accepted sum, minimum 0,1 primary insurance amount, maximum 2 primary insurance amount, or by agreement of the parties

Acceptance of disposable funds in foreign currency from private individuals on the account of diplomatic missions, legal entities and sole proprietors - clients of JSC " Belvnesheconombank " *

1 % from the accepted sum, minimum 1 USD, maximum 20 USD,or by agreement of the parties

Withdrawal of disposable funds in Belarusian rubles, entered with a bank transfer without opening an account, except cashless transfers through private paying systems (except monetary funds according to the list agreed in the Attachment 1)**

1% from the accepted sum, maximum 10 primary insurance amounts, or by agreement of the parties

Withdrawal of disposable funds in foreign currency, entered with a bank transfer without opening an account, except cashless transfers through private paying systems (except monetary funds according to the list agreed in the Attachment 1)**

1% from the accepted sum, minimum 3 USD, maximum 200 USD, or by agreement of the parties

Withdrawal of disposable funds, entered with a bank transfer on a current (operating) or other bank accounts (accept disposable funds according to the list agreed in the Attachment 1)**

-in Belarusian rubles

1% from the accepted sum, maximum 10 primary insurance amounts, or by agreement of the parties

-in foreign currency

1% from the accepted sum, minimum 3 USD, maximum 200 USD

Bank transfer of disposable funds in foreign currency from an account or without opening an account:*

-in Bank

0,5% from the accepted sum, maximum 100 USD

-in the bank of the Republic of Belarus

1% from the accepted sum, minimum 5 USD, maximum 200 USD

-to foreign banks

1% from the accepted sum, minimum 15 USD, maximum 200 USD

Bank transfer of disposable funds in Belarusian rubles from an account or without opening an account (except transferring ruble equivalent while buying cash foreign currency):*

-in Bank

0,5% from the accepted sum, maximum 10 primary insurance amounts

-in the bank of the Republic of Belarus/I>

1% from the accepted sum, minimum 0,1 primary insurance amounts, maximum 10 primary insurance amounts

-to foreign banks

1% from the accepted sum, minimum 0,5 primary insurance amounts, maximum 10 primary insurance amounts

Granting the credit in foreign currency with the following buying of the foreign currency and transfer of Belarusian rubles to a current (operating) account of the borrower, opened in the Bank

2% from the accepted sum in Belarusian rubles

Issuing, on the request of a client, of official documents with banknotes numbers given in the banks cash desk in foreign currency

1 primary insurance amount