Early repayment of VTB 24 mortgage: conditions, features, pros and cons

The current legislation allowsfinancial and credit organizations to give the borrower the opportunity to repay loans earlier than the contract term. And mortgage including. Bank with government support VTB 24 also offers its clients a program of early repayment of a mortgage loan.

There are only three

According to Banking law, a partialrepayment is a payment that is greater than the required monthly, but less than the entire amount of debt. Full repayment is a one-time payment of the remaining debt.

If a part of the mortgage loan body is repaid, then the bank managers can offer the following:

- to shorten the crediting period without reducing the amount of payments;

- reduce the amount of the monthly contribution and leave the term of the loan agreement unchanged;

- pay the remaining amount (principal and accrued interest) in full.

The choice of an acceptable option is the client's prerogative.

Partial early repayment of mortgages in VTB 24 is formalized by an additional agreement, which is made in several copies and signed by the client and the representative of the bank.

Advantages and possible disadvantages

The main purpose of premature repayment of the loan -to reduce the bank overpayment, which is very significant with long-term loans. There are other reasons. For example, the need to create a new loan agreement in the presence of an unprofitable, concluded in a currency agreement.

Pros for an early repayment of mortgages in VTB 24 seems to be obvious:

- the borrower will remove the encumbrance from the real estate pledged to the bank, ahead of schedule;

- Expenses on future payments are reduced (subject to at least partial repayment of the principal debt).

But there are also disadvantages. Experts call it important for the borrower to have the convenience of long-term lending - the participation of inflation in reducing the amount of debt to the bank. That is, it is necessary to calculate the benefit of early repayment of the loan (with low interest), especially if a new loan agreement is planned.

Conditions

Since 2011, all financial and credit organizations,and VTB 24 is not an exception, canceled the commission and other restrictions on premature repayment of the mortgage. The proposed rules do not apply only to military mortgages. Enter the agreed amount of the borrower is entitled only when:

- the presence on the card, tied to the contract, of a certain amount;

- a positive balance of other card accounts opened in any of the branches of VTB 24 and related to the mortgage agreement;

- Other accounts on plastic, issued in the branch that issued the loan.

Self-executing repayment actionsdebt ahead of schedule by the bank is prohibited. A credit institution must be notified in advance of the additional amounts paid. And besides, you need to apply for early repayment of mortgages in VTB 24. Customer feedback is positive: the bank always makes concessions.

And even by phone

Perhaps even remote early repaymentmortgages in VTB 24. To do this, you need to call one of the support numbers of the bank (they are on the official website). Managers by phone accept the application for registration of which information about the payer, the concluded contract and the date of repayment, as well as passport data is required. Then the events develop according to the scenarios described below. It's better to put money in the account for a day or two before the call.

A spoon of tar

Full early repayment of mortgages in VTB 24, as,actually, and partial, the above method (by phone) became possible only this year. The bank's board decided that all those who wish to repay the loan prematurely can apply to the hotline. Over the past six months, the bank's customers "appreciated" this service. The level of financial, as well as legal, literacy of the population is below average, the qualification of operators receiving calls is also not always appropriate. Plus, the low throughput of telephone equipment and the seemingly smart algorithm of early repayment of the mortgage make the service a horrible nightmare.

Those who have tried to complain complain that they can callalmost impossible. With documentary evidence of the amount of debt, too, problems (the manager incorrectly calculated, the debtor misunderstood, etc.). In the telephone mode, the application process for early repayment of VTB 24 mortgages was not considered: the way of signing is unclear.

As a result: constant delinquency, mismatch of payment schedules and endless complaints. Most of the clients are sure that it is profitable for the bank: interest continues to be charged regularly ...

Payment transactions

To transfer money for early repayment of mortgages in VTB 24 is possible only until 19:00 on working days. This condition is prescribed in each mortgage agreement. There are several payment options:

- using online banking on a credit card;

- through the cashier in one of the branches of the bank;

- in the terminal VTB 24;

- transfer from another bank;

- through the "Post of Russia";

- by terminating the deposit in VTB 24 and transferring funds from it to an account tied to a mortgage loan.

Also in this financial and credit organization you can repay the mortgage with the means of the parent capital or with a subsidy issued for any of the state support programs.

In case of using the parent capital, it is necessary to apply to the Pension Fund of the Russian Federation with the following package of documents:

- application for disposal of maternity capital;

- certificate for capital;

- certificate holder's passport;

- loan agreement;

- ownership of housing acquired on a mortgage loan;

- account statement from the home book;

- Obligation to arrange housing for all members of the family without exception, after the removal of the encumbrance (including minor children).

The commission and other penalties for early repayment of the loan are absent. The amount of the amount to be paid is regulated by the client himself.

If the repayment is partial

The bank prescribes the terms of the payment period in the contract. The statement of intention to pay part of the debt must be agreed with the payment period. Therefore, the application can be submitted:

- for one day (worker) before the beginning of the payment period, in this case the repayment will be allowed during this period;

- for 30 calendar days before the beginning of the period - in this case, repayment is possible outside the payment period.

If at the time of repayment under the mortgage there is a debt both for the loan and accrued interest, then first the debt is repaid.

At partial early repayment of the mortgage VTB 24 asks to take into account some features of payments. Like this:

- the funds will be written off according to the monthly payment schedule;

- the amount of the contribution is regulated solely by the borrower.

These rules also apply to mortgage agreements concluded before 2011. There is one more condition: the minimum amount of early repayment of mortgages in VTB 24 is 15,000 rubles.

Partial repayment of the housing loan requires the renewal of the payment schedule and, if necessary, monthly installments.

If the repayment is complete

In this case the client is obliged to warn the financial and credit organization without fail. But repayment is possible on any day, since it does not depend on the payment period.

This option of repayment involves submitting an application for such rules:

- for one working day of the bank until the day of repayment (if it is in the payment period);

- up to 18 hours on the maturity date (if it is outside the payment period).

These terms are prescribed in the application-termination,and the bank requires their strict observance. If the agreed amount is not deposited to the bank's accounts until the specified time, the cancellation application is canceled. Therefore, it will have to be submitted again, and the calculation of the early repayment of the mortgage VTB 24 will also be made anew.

We calculate the exact amount

Even before the filing of a prematurerepayment of mortgages need to apply to the bank to carry out the recalculation of the remaining amount of debt: both its main part and interest. Overpayment or underpayment of at least one ruble will entail a lot of unnecessary paper red tape.

VTB Bank provides its clients with a programfor the independent calculation of the remaining debt. The operation can be carried out with the help of a banking system or apply personally to any bank office (in this case, the manager will issue an official certificate with the amount of the outstanding balance). And also the calculation is possible on the official website of the group of companies VTB 24 in your personal account with the help of a special mortgage calculator. He too is on the portal of the bank. Download the calculator in Excel format. To use it, according to customers, is quite simple.

Final closing of the contract

It is not a termination of the contract withbank repayment of the full amount of debt. In this case, the mortgage is considered closed incorrectly, so the credit history can not affect the information on the completion of obligations. To avoid these errors, you need to do the following:

- sign a mutual agreement with the bank on termination of the contract on the basis of the submitted application of the borrower;

- write an application for cancellation of a plastic card attached to a mortgage contract account (the bank manager is required to cut the card in the presence of the customer by a protective magnetic tape);

- submit a written application with a request to close the loan account through which the payments were made.

And only after these procedures the bank issues a written assurance about the absence of debts and any claims.

Features of the repayment of military mortgages

The military mortgage is realized through the state accumulative-mortgage system (NIS). Its participant, having paid off the housing loan, will receive a certain amount at FGUU "Rosvoenipoteka", which will grow.

Early repayment of military mortgages in VTB 24 givesThe possibility for the serviceman to withdraw from his credit obligations and, if necessary, to resign from the service earlier than expected. It should be recalled that if you leave the reserve at your own request before the expiry of the twenty-year service period with the existing mortgage, the civilian will have to pay all the declared value of the purchased housing. That is, to return all monthly contributions to the state (NIS), in fact, as well as the initial one.

In the next stages, the conditions for early repayment of a mortgage loan from VTB 24 for the military do not differ from the terms of such loans for civilians.

Post scriptum

Modern legislation requires insurancemortgage borrower. These payments are pledged to the total amount calculated for the monthly payment. Therefore, in case of early repayment of the loan, it is necessary to apply to the insurance company and ask to refund the unused, but already paid amount.

Also, having received documents on the full payment of the mortgage, you can refer them to the Cadastre Chamber for the removal of encumbrances from the purchased housing.