How to repay a loan through an ATM? Description of the procedure

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

After applying for a loan at the bank, it must be paid in a timely manner. There are several ways to do this. It is convenient to do this using ATMs. Payment procedures in each device are approximately the same. See the article for information on whether it is possible to repay a loan through an ATM.

Why is it profitable to pay through an ATM?

The usual method of debt repayment are cash desks, but every day it becomes less popular. ATMs are gaining popularity. This is due to the following reasons:

1. The queue for such devices is shorter than at the checkout.
2. There are more ATMs than branches. They are everywhere.
3. Speed, reliability, security.

In addition, the devices of your bank accept funds without commission. Because of this, many choose this payment method. How to repay a loan through an ATM is described below.

Payment procedure

How to repay a loan through an ATM? The procedure is performed according to the following instructions:

1. Needwrite down the personal account to which the money should be transferred. Then it will be more convenient to pay the debt, and you do not need to carry a loan agreement with you.
2. You need to find an ATM that has the function of accepting money (cash in). The device can be in the premises of a credit institution or on the street. There are also machines in large supermarkets.
3. On the monitor, you need to select the "Repayment of the loan" section. In it you need to enter the details (account). You must specify the amount and insert cash into the bill acceptor. After checking the data, you need to click the "Pay" button.
4. If it is a credit card, then to pay off the debt, money must be deposited into its account. How to repay the loan through an ATM in this case? You need to insert the plastic into the device, enter the pin code and select the "Account replenishment" or "Cash deposit" section. Then follow the instructions on the screen.
5. How to repay a loan through an ATM if the card is issued in another bank? You need to insert the plastic into the device, enter the pin code and select "Payments", and then the section "Payment of loans from other banks". Then, based on the prompts, you need to complete the payment procedure. In this case, fees may apply.
6. At the end of the procedure, you must pick up the receipt, which must be kept.

This completes the payment. It is this instruction that is used if you are interested in how to repay an Alfa-Bank loan through an ATM. If the funds are not credited, you must write an application to the bank where the loan was issued, indicate the address of the device, the time of the operation and the datepayment. After that, the remaining instructions will be received.

Payment via Sberbank

How to repay a loan through a Sberbank ATM? Payment is made in a similar way, but with slight differences. In the main menu, you need to find the option “Payments”, and then “Repayment of the loan”. A window will open where you must specify the account number of 20 characters and the date of execution of the contract. After checking the data, you need to click on "Next".

Then you need to specify your full name, payment amount and account and contract details. You must pay the required amount, not less than the specified. At the same time, it must be rounded up, since the ATM does not issue change. You can increase the payment amount, and then the principal debt will be reduced, and the interest will be recalculated.

You must enter the amount and click "Next". After payment, you need to pick up the check. The redemption is not carried out at the time when the funds are deposited at the ATM, but when they are credited to the account. This operation can take from several minutes to several days. Therefore, you need to transfer funds in advance.

Paying this way is convenient because there are many bank branches. In addition, there are round-the-clock terminals. Be sure to keep the receipt, because it serves as proof of payment. If you are interested in how to repay a Gazprombank loan through an ATM, you can do this step by step according to the above instructions.

Nuances

It is advisable to use an ATM that belongs to the creditor for payment. Then you can find out the amount of the payment, if it is forgotten. In addition, funds willtransfer without commission. They are usually credited within a few minutes. Therefore, if the funds were paid on time, and the creditor makes claims, a receipt will serve as evidence. When paying through an ATM of another bank, you need to pay a commission, and you need to deposit funds earlier. There are no additional fees only for partners of the institution.

Often the amounts of payments are not round, usually these are uneven amounts, moreover, with kopecks. The remaining funds will still be credited to the account. But when the last payment is made, it is better to do it at the cash desk in order to deposit the required amount.

Other loan payment methods

According to Federal Law No. 353, the consumer loan agreement must specify the methods of paying the debt, including free methods. Payment can be made at the place of receipt of the loan and at the place of residence of the borrower. Without a commission, you can deposit through cash desks of banks, terminals and ATMs that have the function of accepting cash. But there are other ways to pay the loan:

1. Interbank transfer.
2. In the terminals of well-known systems (Qiwi) and communication stores (Euroset, Svyaznoy).
3. Postal transfer.
4. Electronic money ("Yandex. Money", "WebMoney", "Qiwi").
5. Transfer from a card using Internet banking.

There may be a fee for the above methods. Please note that when paying through partners and third-party servicesResponsibility for timely payment will be on the client. The bank does not care where and when the funds were deposited, it only needs to be in the account in a timely manner. Therefore, it is better to send payment in advance.

Conclusion

Thus, the ATM serves as a convenient means of paying for loans. Each bank has such devices that allow you to deposit funds quickly and without commission.