Is it possible to repay a mortgage in Sberbank early with maternity capital?

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

Parents with two or more children often have to deal with the question of whether it is possible to pay off the mortgage early in Sberbank. How soon the family will be allowed to use an important state subsidy - maternity capital depends on the terms of the loan.

Why get a mortgage

In cases where state assistance is used to build housing, purchase square meters, pay for educational services or form a funded part of a pension, funds cannot be received until the baby is three years old. If the maternity capital is used to pay off the mortgage, you do not need to wait for the end date of the decree. That is why making a home loan with the right to early repayment is becoming the main means for parents to access the subsidy.

Pay attention toloan repayment terms

Commercial banks, as a rule, are not interested in customers repaying loans ahead of time. Therefore, many potential borrowers are worried about whether it is possible to repay a mortgage loan at Sberbank ahead of schedule.

When getting a loan, it is important to read and analyze loan documentation line by line, without succumbing to the provocations of employees who want to rush you. A whole section of the agreement is usually devoted to the terms of repayment of the loan. Pay attention to the payment schedule - it can be placed in a separate application. Are the dates indicated in it convenient for you? Is the monthly payment too high? The terms of early repayment are spelled out in detail, though they may be footnotes or hidden in a plethora of fine print.

Tricks of creditors

Many banks try to limit the right of customers to repay the loan in whole or in part before the terms specified in the agreement. To do this, additional conditions are often added to the loan documentation. For example, these:

1. Early repayment is allowed no earlier than after an extended time period, which can be 6 months or more.
2. The minimum threshold for the amount of payment ahead of time is set. For example, a borrower is prohibited from repaying sums of money less than 10,000 rubles. Accordingly, a bonus suddenly received at work, if it is not too large, will not be able to contribute towards reducing the debt.
3. The documentation may containfee for early repayment of the loan. As a rule, its size discourages the desire to repay obligations ahead of time.
4. Far less often, loan documents contain a bonding condition that obliges you to pay interest and fees in full for a set period of time (for example, a month or a quarter), despite the fact that you repay the loan ahead of schedule.

Is it possible to repay the mortgage early in Sberbank

Conditions that restrict the borrower's right to repay obligations ahead of time become especially relevant during the financial crisis. Therefore, many customers are beginning to doubt whether it is possible to repay a mortgage loan at Sberbank ahead of schedule.

In the country's largest financial institution, any loans are allowed to be returned earlier than the dates established by the agreements. You don't need to pay a commission for this. It is permissible to deposit money even the next day after receiving the loan. The principal debt will be closed or reduced subject to the simultaneous repayment of accrued interest. It is only important to notify the bank in writing no later than two business days of the exact date and amount you wish to return ahead of schedule. Based on this notification, the responsible employees will carry out the repayment operation. Otherwise, the funds you deposited are deposited on a special account and will be debited to repay the loan debt on a monthly basis in accordance with the payment schedule.

A notice of early repayment of loan funds is drawn up and signed by the client personally at the bank office.

Your loan gets holidays too

Many recipients of maternity capital are also interested in the question of whether it is possible to repay the mortgage early at Sberbank on Saturday? The operation to return loan obligations will take place on the same day if the office where the loan was issued is open. If the branch is closed on Saturday, the mortgage will be repaid on the next weekday. On Sunday, credit operations are not carried out.

Are there interest-free housing loans

Some customers who are familiar with the principles of credit cards are wondering if it is possible to repay a mortgage early in Sberbank without interest? Indeed, for "plastic" a grace period is almost always established, which can be up to 50-60 days. If the loan is repaid in full before the expiration of the specified period, no interest is paid. However, there is no grace period for mortgages. Even if you repaid the loan the next day, you will have to pay interest for the day of using credit money.

Apply for a grant

The Pension Fund of the Russian Federation also often receives requests whether it is possible to repay the mortgage early in Sberbank using maternity capital.

In 2016, the size of the parent certificate is still 453,026 rubles

To use the subsidy, parents of two or more children will need to collect a package of documents established by law:

-ID card;

- SNILS;

- TIN;

- marriage certificate (divorce);

- a certificate from the housing department on the composition of the family;

- birth certificates of all children;

- birth certificate;

- notarial obligation of parents to allocate a share in housing to children.

Consideration in the Pension Fund of the Russian Federation of the question of whether it is possible to repay the mortgage early in Sberbank with maternity capital for you personally, takes 1 month. After this period, if there are no contradictions to the law, a certificate will be ready.

Next, you will need to prepare a second package of documents containing information about the loan agreement:

1. Re-borrower's passport.
2. SNILS.
3. TIN.
4. Loan agreement (original or notarized copy).
5. Pledge (mortgage) agreement - original or notarized copy.
6. Payment schedule.
7. Statements of account movements (how much loan funds were actually issued and returned to the bank).
8. Payment details.

With correctly prepared documents, in one month the Pension Fund will transfer the amount according to the certificate to a special bank account.

How to control the flow of funds

To do this, one month after the submission of the second package of documents, you can personally appear at the mortgage office of Sberbank. Employees are not allowed to give out financial information over the phone unless you have a security code.word.

However, it is much more convenient to control the payment of maternity capital through a personal account in the Sberbank Online system. Using your login and password, you will track the receipt of funds through any computer connected to the Internet. You can enter Sberbank Online through ATMs, payment terminals, as well as using a mobile application.

Seeing that the maternity capital has reached the “destination”, contact your credit manager. Check in advance whether it is possible to repay the mortgage ahead of schedule at Sberbank right now. Be prepared to go to the office and write a notice.

After the operation, the payment schedule is recalculated - the amount of the monthly payment is proportionally reduced.

Start from scratch?

Parents planning to receive maternity capital in the near future are often interested in whether it is possible to repay a loan at Sberbank ahead of schedule and take a new one. According to the legislation, any private person can conclude several loan agreements at the same time. From this point of view, it is not necessary to repay an existing loan in order to get a new loan.

But the lending services of the bank, analyzing the possibility of granting a loan, calculate your solvency. It is determined on the basis of income statements. Existing liabilities are also taken into account. The level of debt burden per person should be such that he can pay his debts on time, while providing food for himself and the unemployed.family members. There are also some loan products that must be covered by collateral or guarantees.

By paying off your mortgage early, you can once again offer your unencumbered housing to the bank as collateral for new loans. On the security of financial institutions give loans much easier and more readily.

However, if your loan is a mortgage, do not rush to pay it off ahead of time if you assume that the funds may soon be needed again. Home loans tend to be the cheapest to maintain and have the longest financing terms. Mortgage interest rate is from 11% per annum. For consumer credit, it increases to the level of 14.9 to 21.9% per annum. For housing loans, the maximum term of financing is 30 years, for consumer loans - only 5 years. Re-loan on mortgage terms is possible only if you buy new real estate.

Travel Information

Families who have to change their place of residence are worried: is it possible to repay a loan early at Sberbank in another region? Current loan payments can be made in the usual way. To do this, it is enough to transfer the required amount to the account specified in the contract in a timely manner. But the borrower will not be able to personally carry out early repayment from another region. Indeed, in order to carry out this operation, it is necessary to come to the office of the bank where the housing loan was issued to sign the notification.

In this regard, for parents preparing to move, the question of whether it is possible to repay a loan in Sberbank ahead of schedule by proxy becomes relevant? After all, it depends on whether it will be possible to instruct one of the relatives or friends to return the housing loan.

Why go to a notary

To deposit money into a special account designed for accumulating funds, a power of attorney is not needed. However, in order for the early repayment operation to take place, a notice signed by the borrower or another person authorized to act on his behalf is required.

The right to represent the interests of the client in the bank is certified by a notarized power of attorney. It must contain phrases in its text, meaning that your friend or relative is allowed to repay the loan obligations ahead of schedule.

Card Games

Some customers are also interested in the question of whether there are programs for issuing mortgages for "plastic" and is it possible to repay a loan in Sberbank ahead of schedule with a credit card? Housing loans can be provided in some cases in non-cash form. Including, in agreement with the bank, they are issued on plastic cards.

However, mortgages are not credited to credit cards. Plastic cards with large loan limits are intended solely to pay for current consumer expenses. The maturity dates for them are very short, all settlements on obligations occur within one year. If, however, you have spent some amount on your credit card to pay for the cost of housing, you will have to return it under the termsconsumer lending.

So, is it possible to repay the mortgage early in Sberbank using maternity capital? Yes, if you are legally eligible for a subsidy. Know your options and use them.