Ipoteka bank OTP Group now considers self-employment income alongside official salary when assessing mortgage applications. The new option is available to customers who combine formal employment with self-employment.
The bank will now consider two sources of income:
official salary;
income from self-employment.
This allows customers to demonstrate their actual income level and increases their opportunities to qualify for a mortgage.
To confirm additional income, customers only need to have a valid self-employed status certificate.
“Many customers combine formal employment with additional income-generating activities. We can now consider both sources of income when assessing a mortgage application, allowing us to more accurately evaluate a customer’s financial capacity,” said Artem Sarkisyan, Director of Mortgage Business at Ipoteka bank OTP Group.
The decision to approve a mortgage and the available loan amount is made individually, taking into account the customer’s income and repayment capacity.
For more information about the terms and conditions, please visit an Ipoteka bank OTP Group branch or contact our call center at (78) 150-89-13.
