What is a mandatory loan payment?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, almost every one of us has a credit card. With its help, we can pay not only with our own, but also with borrowed funds. After reading this article, you will learn what a mandatory payment on a Sberbank credit card is.

On what conditions is a plastic card issued?

Almost every citizen who meets the requirements of the bank can get a credit card. So, a potential borrower must have an internal passport of a citizen of the Russian Federation. The client must be at least eighteen and not more than sixty-five years of age. He must have a permanent residence permit and an official workplace. The borrower's tenure should not be interrupted for more than a month.

Before you figure out how to calculate the mandatory payment on a Sberbank credit card, you should understand what you need to get the plastic itself. To apply for a loan, you must contact the nearest branch and present the required package of documents. After that, the staff will offer to fill out an application form and enter passport data here. In addition, a bank employee has the right to ask for an additional document confirming the identity of the client. It can be a military ID, a foreign passport or a driver's license.

It may take several days to consider the application, after which the borrower will be notified of the decision.

Advantages of Sberbank credit cards

It is issued only once. When the card expires, the bank will automatically reissue it and notify the customer by sending a message to his mobile phone.

A credit card often becomes an indispensable assistant in unforeseen situations when you urgently need money, and there is no one to borrow it from. Withdrawals are allowed an unlimited number of times. The organization independently calculates and sets a credit limit. The borrower is given a so-called grace period, during which interest is not charged for the use of funds. As a rule, it does not exceed 50 days. If necessary, the card can be reissued ahead of schedule, and the statement on it can be found via e-mail.

What is a mandatory payment on a Sberbank credit card?

This term refers to the minimum amount of money that must be deposited into the account until the loan is fully repaid. Its size is determined taking into account the total debt of the client. As a rule, the mandatory payments of an individual should not be less than 150rubles.

To repay the debt, the borrower does not have to deposit all the money at once. It is enough simply that an amount equal to 5% of the principal debt is regularly credited to the account. If necessary, interest for use and a pen alty for delay are added to this figure.

How do I find out the amount of the monthly payment?

You can get this information at the nearest bank branch. In addition, some institutions provide the required information via the Internet. To do this, the client should register in the system and enter the main page, where all the necessary data will be displayed.

Those who regularly use a credit card should receive messages on their mobile phone. Thus, the borrower will be able to control all transactions and learn about the balance of the debt.

How to pay?

Today, you can make a mandatory payment in several different ways. For example, clients participating in so-called salary projects can transfer their salary to a credit card. You can also transfer money from one account to another.

It is permissible to make a mandatory payment through a terminal or cash desk located at the nearest bank branch. When using these methods, please note that some of them are not free. Sometimes, in addition to the main amount, you need to pay an additional commission.

If the required amount is available (for example, on a salary card), a mandatoryloan payment (under a preliminary agreement).

A few words about meeting deadlines and additional bonuses

Most domestic banks allow making a monthly payment almost on the last day of the month. But this is not always allowed. There are institutions that regulate well-defined deadlines. If during this period the client does not have time to make the mandatory payment, then fines will be charged to him. The exact conditions must be specified in the loan agreement drawn up at the time of issuing the card. Systematic delay can affect your history. And in the future, you may encounter certain difficulties when applying for a loan.

Also, discounts, bonuses and various premium services are provided for some types of credit cards.