Sample report on mortgages for military personnel. Military mortgage report sample

Article current as of: September 2020

The conditions for the preferential housing lending program for representatives of the Russian Armed Forces include the opportunity to repay the loan in full or part of it before the deadline specified in the contract. There are several options for early repayment of a military mortgage:

• using your own savings;
• with the help of government payments accumulated in the personal account of the NIS participant;
• using family capital.

To take advantage of this opportunity, you will first have to make the first regular payment - this is a prerequisite. You should take into account the requirements of your bank: some lenders set a minimum amount of preliminary partial payments. In others, early repayment of a military mortgage is possible only several years after the loan is issued.

Payment of funds supplementing savings

The norms prescribed by Federal Law No. 117-FZ of August 20, 2004 “On the Savings Mortgage System” create favorable preconditions for NIS participants in exercising their right to purchase living space using:

1. Savings in personal accounts, the possibility of using them in the future.
2. Targeted housing loan.
3. Additional funds are cash grants that supplement savings for the purchase of living space.

The process of distribution of additional funds is determined by the Government of the Russian Federation, is carried out at the expense of federal contributions, financed by the federal executive authority, at the serviceman’s place of service. The amount of preferential government subsidies is calculated based on the amount of the annual savings contribution of the NIS participant, enshrined in the Federal Law “On the Federal Budget” for the current year and taking into account the full years, months and days that the participant did not reach the age of 20 .

Mortgage conditions for military personnel under contract

Mortgages for military personnel under a contract, the official website of which can be easily found on the Internet, are not unreasonably considered the most advantageous offer on the domestic housing lending market. Let's move directly to the mortgage terms, which are very acceptable. They differ significantly from all other preferential conditions that are offered to other categories of citizens in need of improved housing conditions and social support from the state.

So, the conditions of a military mortgage for contract soldiers are as follows:

• the interest rate was set at 8.5%;
• permissible loan term – 40 years;
• maximum loan amount – 2.4 million rubles;
• compensation for the down payment with a subsidy.

If we consider a low interest rate, then in the lending market in some cases, for certain categories of citizens who participate in preferential programs, an interest rate lower than the above - 8 or even 6 percent - may be applied. For example, large families can apply for it. But such rates will not necessarily be offered to them. This is, firstly, and secondly, this issue is left to the regions and creditors. In turn, the contract worker does not need to wait for someone’s decision; he already has this condition by default.

What really impresses is the loan term of 40 years. The usual calculation of the monthly payment suggests that the monthly loan payment will not be a heavy burden on the family budget.

Regarding the limited maximum amount, it was said above. But on the other hand, this will not make it possible to purchase housing in big cities with government subsidies. And if you use your money and opportunities, you can even count on housing in the capital.

As for the down payment, government monthly transfers to the army man’s bank account for three years create a considerable amount of money for him, which he can use only after three years after joining the program. They then go as a down payment on a mortgage loan. This means that a family can move into their own home without special preparation or many years of collecting the necessary amounts.

Who is entitled to additional funds?

The list of persons entitled to receive additional funds includes the following categories of citizens:

1. Military personnel, upon termination of the contract (military experience of ten years ):

• those who have reached the age limit for serving;
• OGs recognized by the military commission for service;
• based on the results of the OSHM;
• for family reasons, fixed by the legislative acts of the Russian Federation on military duty.

2. Members of military families (spouse), including children under the age of majority, disabled children over 18 years old, full-time students (not older than 23 years old), who are dependent on the military.

3. Participants who, according to the conclusion of the military medical commission, are unable to continue serving and were dismissed for health reasons.

Taking into account the adopted amendments to Article 4, paragraph 2 of the Federal Law No. 117, upon dismissal (Article 10 of the Federal Law), a serviceman receives additional funds, regardless of whether he or his family members have housing (received not under the NIS).

Interpretation in the new edition of part 1.1. Article 14 of the Federal Law expands opportunities for spouses registered in the NIS registry - a joint purchase of living space is available by merging the central housing estate.

Payment of additional funds to military personnel

To receive additional “extra” funds, the serviceman submits a report addressed to the head of the territorial unit of the regional authority. It must indicate:

• personal data of the serviceman in full (place of residence, passport, etc.);
• NIS participant’s own account number (as a recipient of additional funds);
• information about the absence of other residential premises in the property (except for those purchased under a Military Mortgage);
• consent to the use of additional means in accordance with legal requirements;
• refusal of official living space (if any).

In addition to the above points, the following must be attached to the report:

• copies of passports of family members and a certificate of its composition;
• certificate of current length of service of the military personnel;
• an extract from the dismissal order;
• consent to repay the debt to RVI (if any).

Payment of “additional benefits” takes place within three months from the date of receipt of an application from an NIS participant (family members), with a request to receive payment to the federal financial institution of the executive branch, or is sent to the federal civil society.

Additional funds are transferred one-time for the entire period of service and are used either to purchase housing or to pay debt obligations on a loan.

“Military Mortgage” is a program that allows military personnel to purchase housing through government subsidies. To purchase an apartment using a military mortgage, the participant must be registered with NIS. After the three-year period, he gets the opportunity to use the CZH and VI, choose housing, conclude a loan agreement with the bank and complete the purchase of an apartment.

A serviceman who owns an apartment purchased with a mortgage, after terminating the contract (at his own request, not renewing it) and leaving the armed forces, will have to repay the government loan and pay the loan funds to the bank on his own. In this case, additional funds are not paid.

In a situation where a serviceman goes into the reserve or retires for family reasons (the conclusion of a military commission is the OG for service), the legislation on the NIS does not imply the return of the TsZZ to the state . To compensate for loan obligations, the participant has the right to take advantage of additional funds , as well as use a preferential state loan from Rosvoenipoteka.

Procedure for purchasing an apartment using a certificate

The table shows the procedure for purchasing housing after receiving a military housing certificate.

Since 2005, our country has had a funded mortgage system that provides housing for military personnel. The serviceman himself decides in which region and what kind of apartment he wants to buy. The procedure for obtaining mortgage lending is regulated by the provisions of the legislation on military mortgages.

A military mortgage for contract soldiers differs from regular mortgage lending in that the first payment is made from budget funds, and subsequent payments are made by the Ministry of Defense.

To obtain a military mortgage, you must be a participant in the mortgage system.

The Military Mortgage Law provides for mandatory and voluntary participation.

Military personnel must participate in the mortgage on the basis of relevant orders, subject to the following conditions:

1. Completion of studies at higher military institutions in the period from 01/01/2005 to 01/01/2008.
2. Conclusion of the first contract after 01/01/2005.
3. Receiving the first officer rank after 01/01/2005.

Military personnel who entered into their first contract and received their first officer rank before 2005 have the right to submit a report on their voluntary inclusion in the register of participants in the mortgage system.

Sample report for participation in NIS

A contract worker has the right to use a mortgage deposit to purchase housing after three years of participation in the NIS; it is during this time that the total amount of funds in the NIS participant’s account will be enough for the down payment.

At the same time, the possibility of using mortgage savings after three years is a right, and not an obligation, of a serviceman. He can use the deposit even after a longer period.

Stages of obtaining a military mortgage

There are conditions that must be met if the goal is to obtain housing:

• registration with NIS (NIS participants));
• period after registration is at least 3 years.

Having completed the above points, the serviceman becomes entitled to government subsidies. The conditions under which lending occurs are reflected in the legislation of the Russian Federation. The right to purchase housing after leaving the unit, using already accrued savings, is given if certain criteria are met - reason and length of service.

This is interesting: How to find out how much savings on a military mortgage in 2020

Military mortgage after dismissal

An apartment with a military mortgage is not pledged to any Federal State Institution or Rosvoenipoteka, only to the bank. Pay off the loan - remove the collateral. If you were fired under preferential terms after 10 years of service and have no other housing, you can receive money from the Motherland, which you can use to pay part of the loan.

We recommend reading: Studying at a vocational school in Soviet times, length of service for calculating a pension

It will not be possible to recover, you need to enter into a contract according to the New one in accordance with Article 34 of Federal Law of March 28, 1998 N 53-FZ (as amended on October 5, 2015) “On military duty and military service” Article 34. Conclusion of a contract for military service 1 A contract for military service may be concluded by: military personnel whose previous contract for military service is ending; military personnel undergoing conscription military service and having received a higher education prior to conscription, as well as military personnel undergoing conscription military service and having served for at least three months; (as amended by Federal Law No. 185-FZ dated 02.07.2013) (see text in the previous edition) citizens who are in reserve; male citizens who are not in the reserves and have received higher education; (as amended by Federal Law No. 185-FZ dated 02.07.2013) (see text in the previous edition) female citizens who are not in the reserves; other citizens in accordance with regulatory legal acts of the President of the Russian Federation. Citizens who entered military professional educational organizations or military educational organizations of higher education enter into a contract for military service in accordance with paragraph 2 of Article 35 of this Federal Law. (as amended by Federal Law No. 185-FZ dated 02.07.2013) (see text in the previous edition) A contract for military service can also be concluded by foreign citizens legally located in the territory of the Russian Federation.

Options for using savings

Military personnel who have not used the accumulated funds during their service can purchase real estate after their discharge . How to exercise this right is reflected in detail in Federal Law No. 117-FZ “On the savings and mortgage system of housing for military personnel” (Chapter 3, Article 10) dated August 20, 2004, namely:

1. The length of service at this time must be at least 20 years.
2. Dismissal falls under the category of preferential reasons, length of service - 10 full years.

Preferential or privileged reasons, based on the above legislative act, are considered:

• the employee has reached the maximum age allowed to serve in the Armed Forces;
• the medical commission issued a conclusion about health problems;
• there are family factors that do not allow continued service;
• the unit carries out organizational and staffing measures (OSM);
• employee died;
• The soldier was officially declared missing.

OSHM include:

1. A situation in which a military man cannot remain in his previous position, but at the same time he refused the position offered in return. It does not matter whether a lower or higher position was offered.
2. Exclusion of a position held by a military man from the staffing table.
3. Recognition of a serviceman as unfit for further service in his position.
4. Replacement of staff.
5. Reducing positions that duplicate each other.
6. The moment when the contract expired.

An important clarification: relatives of a military member of the NIS retain the right to use savings in the event of his death or death. More details:

Which banks provide military mortgages?

Banks accredited by the military department often have similar conditions, but there are also differences between similar products.

Dismissal based on general labor management and payment categories

Organizational and staffing measures belong to the category of reasons that do not depend on the person leaving. In this case, there are two options for events. After all, not all NIS participants have a formalized military mortgage. How can a military man dispose of personal savings in different cases:

If the reason for dismissal is classified as beyond the serviceman's control, he is not required to repay the target loan amount. But, if the funds in the account are not enough to repay the loan, then you will have to invest the rest yourself. More details at

Bank selection

Despite the fact that not all banks undertake to provide this mortgage, the choice is quite extensive. But before you think about how to get a military mortgage for a contractor, you should carefully consider the range of services offered by each potential organization. Mostly well-known banking institutions offer contracts on a preferential basis.

Find out: What federal law regulates military pensions

In order not to miss, it is worth filling out applications in several copies at once and sending them to various financial institutions that you can trust.

Types of dismissal without the right to use personal savings

In some cases, a retired military person is obliged to fully return the amount of personal savings already used. It's necessary:

• if in the column indicating the reason for dismissal o;
• if the borrower has not fulfilled the terms of the mortgage agreement;
• if the period of service did not exceed 10 years before the date of dismissal.

The military man, in addition to the subsidy amount, will have to independently repay the interest on it, as well as the remaining debt on the loan. Interest on the balance of the unpaid amount is calculated according to the Central Bank refinancing rate. The repayment period is 10 years from the date of dismissal.

According to the changes in, a former career military man can restore his previous savings. To do this, he will need to conclude a new contract for service in the Armed Forces. An important condition for this will be dismissal under a positive article.

Payment processing procedure

In cases where the reason for dismissal does not prevent the use of the right to subsidies for the purchase of housing, the funds will be paid . Payment is made by the federal department “Rosvoenipoteka”. After signing and reviewing the dismissal order, the applicant will need:

1. Write a report. It is submitted to the commander of the military unit. The rapport indicates the desire to transfer funds from the savings account (specify details).
2. The unit commander, along with the former employee’s statement, provides information about him to the military command authorities.
3. The next authority that receives the information listed above is Rosvoenipoteka.
4. The study of the issue lasts at Rosvoenipoteka for 30 days, after which the applicant receives funds from the savings account.

Additional payments upon dismissal from the Armed Forces can be received by those applicants who do not own other housing.

Current questions on the topic

Question No. 1. How to correctly calculate the amount of funds paid additionally?

The amount is determined based on:

• The amount of the contribution accumulated in the account. The calculation is made for the year, and the amount is established annually when the law on the federal budget is approved.
• Missing experience. It is calculated from the number of full years, months and days at the time of dismissal, which are not enough to reach 20 years of total experience of the NIS participant.

Question No. 2. During the break, are funds accrued when drawing up a new contract?

No, funds are not credited during this period.

The main knowledge for military personnel is the nuances of design. Length of service is of primary importance. Only military personnel who have served for 20 years do not return the amount to the LCZ. Work experience of up to 10 years does not give such a right, and the quitter must return the funds. This situation can be avoided by concluding a re-contract.

Akimov A.A. lawyer-expert on the rights of military personnel, Voronezh

(housing division)

I, (full name), request payment of funds to supplement savings for housing support in connection with the emergence of the right to receive them in accordance with Federal Law of August 20, 2004 No. 117-FZ “On the savings and mortgage system of housing support” military personnel" using the following details: (the details are similar to the application for the use of savings).

I am not a tenant of a residential premises under a social tenancy agreement or a family member of a tenant of a residential premises under a social tenancy agreement, as well as the owner of a residential premises or a member of the family of the owner of a residential premises. – starting from May 12, 2016, this paragraph is not indicated.

I undertake to use additional funds for the purchase of residential premises or residential premises or for other purposes.

My mortgage loan (loan) obligations are ___________________________. (absent/present)

On the day of my exclusion from the list of personnel of the military unit, I was financially supported by ____________________________________________________________ (name and address of organization, unit, military unit)

Please send information about the transfer of funds to the following address: _________________________________________________________________________________________________________ (please also indicate a contact phone number)

Signature, first name, last name

1. Application (report) form for receiving personal savings

To the commander (chief) ____________

(last name, first name, patronymic of the applicant

and degree of relationship for family members of a military personnel)

please list the savings accounted for in the personal savings account

(Full name, registration number and date of birth of NIS participant)

at the rate of _____________________________________________________________

(amount in numbers and words)

in connection with the emergence of the right to use them in accordance with

Federal Law of August 20, 2004 N 117-FZ “On Accumulative

mortgage system for housing provision for military personnel" according to the following

(personal (settlement, current) account,

TIN, KPP, name and details of the credit institution, BIC,

Please send information about the transfer of funds to

(telephone number, last name, first name, patronymic of the contact person)

(signature, first name, last name)

"__"___________ 20__

The amount intended for payment is indicated, or the entry is made: “all savings”.

Federal Law “On compulsory state insurance of life and health of military personnel, citizens called up for military training, private and commanding officers of the internal affairs bodies of the Russian Federation, the State Fire Service, employees of institutions and bodies of the penal system, employees of the National Guard of the Russian Federation” dated March 28, 1998 N 52-FZ (latest edition)

Article 5. Insurance amounts paid to beneficiaries. Sum insured used to calculate the insurance premium

most likely there will be no disability

If disability is established, other amounts:

Payments upon dismissal depend on length of service.

Federal Law “On social guarantees for employees of internal affairs bodies of the Russian Federation and amendments to certain legislative acts of the Russian Federation” dated July 19, 2011 N 247-FZ (latest edition)

Article 3. Benefits and other monetary payments in connection with service in internal affairs bodies and dismissal from service in internal affairs bodies

7. Employees whose total duration of service in the internal affairs bodies is 20 years or more, upon dismissal from service in the internal affairs bodies, are paid a one-time benefit in the amount of seven salaries, and employees whose total duration of service in the internal affairs bodies is less than 20 years, upon dismissal from service in the internal affairs bodies, a one-time benefit is paid in the amount of two salaries. In this case, the salary is determined based on the official salary and salary for a special rank established for the employee on the day of dismissal from service.

10. Citizens dismissed from service in internal affairs bodies without the right to a pension, who served in internal affairs bodies and who have a total duration of service in internal affairs bodies of less than 20 years, are paid monthly for one year after dismissal a salary according to a special rank in the order, determined by the Government of the Russian Federation, in case of dismissal: 1) upon the employee reaching the age limit for serving in the internal affairs bodies; 2) for health reasons; 3) in connection with the reduction of a position in the internal affairs bodies replaced by an employee; 4) due to the expiration of the employee’s tenure at the disposal of the federal executive body in the field of internal affairs, its territorial body or division; 5) due to violation of the terms of the contract by an authorized manager; 6) due to illness; 7) due to the impossibility of transfer or the employee’s refusal to transfer to another position in the internal affairs bodies; in connection with an employee’s refusal to transfer to another position in the internal affairs bodies in order to eliminate circumstances related to the direct subordination or control of employees who are in a relationship of close kinship or affinity, in accordance with the legislation of the Russian Federation. 11. Upon dismissal from service in the internal affairs bodies due to length of service giving the right to receive a pension, or on the grounds specified in Part 10 of this article, employees, at their request, are paid monetary compensation for the main leave not used in full in the year of dismissal, and in case of dismissal for other reasons in proportion to the period of service in the year of dismissal.

No, you need to contact the commission.

Federal Law dated 02/07/2011 N 3-FZ (as amended on 12/05/2017) “On the Police”

Article 43. Insurance guarantees for a police officer and payments for the purpose of compensation for damage caused in connection with the performance of official duties

5. If a police officer receives an injury or other damage to health in connection with the performance of official duties, which precludes the possibility of further service in the police, he is paid a one-time allowance in the amount of two million rubles.

On this issue, I advise you to read the following order:

Order of the Ministry of Internal Affairs of Russia dated June 18, 2012 N 590 (as amended on April 22, 2015) “On approval of the Instructions on the procedure for making payments to compensate for damage caused in connection with the performance of official duties to employees of the internal affairs bodies of the Russian Federation or their close relatives” ( Registered with the Ministry of Justice of Russia on August 3, 2012 N 25097)

1. In order to implement this Instruction in the central apparatus of the Ministry of Internal Affairs of Russia (with the exception of the Main Command of the Internal Troops of the Ministry of Internal Affairs of Russia), territorial bodies of the Ministry of Internal Affairs of Russia at the district, interregional, regional and district levels (except for those subordinate to the territorial bodies of the Ministry of Internal Affairs of Russia) levels, educational and scientific organizations system of the Ministry of Internal Affairs of Russia, district departments of material and technical supply of the system of the Ministry of Internal Affairs of Russia create permanent commissions on the issues of payments: a one-time benefit in the event of the death of an employee of the internal affairs bodies of the Russian Federation due to injury or other damage to health received in connection with the performance of official duties , or as a result of an illness acquired during service in the internal affairs bodies of the Russian Federation; a one-time benefit in the event of the death of a citizen of the Russian Federation that occurs within one year after dismissal from service in the internal affairs bodies of the Russian Federation due to injury or other damage to health received in connection with the performance of official duties, or as a result of an illness received during the period of service in the bodies Internal Affairs of the Russian Federation, which excluded the possibility of further service in the internal affairs bodies of the Russian Federation; a one-time benefit in the event that an employee receives an injury or other damage to health in connection with the performance of official duties, excluding the possibility of further service in the internal affairs bodies of the Russian Federation; monthly monetary compensation in the event that a citizen of the Russian Federation, dismissed from service in the internal affairs bodies, is found to be disabled due to a military injury received in connection with the performance of his official duties and has excluded the possibility of further service in the internal affairs bodies of the Russian Federation; amounts to compensate for damage caused to property belonging to an employee or his close relatives in connection with the performance of official duties.

It looks like this: I am a mechanic for repairing weapons of missile and artillery weapons (BHiRVT) according to the new staff, my position is being reduced, and therefore I am offered the position of a mechanic for repairing weapons; I wrote my consent to transfer to a new position. What payments am I entitled to?

In this case, no payments are due.

And what payments are due if I am laid off in my old position and the next day I come to the new state as the same mechanic who is offered?

In this case, upon dismissal, you receive severance pay in the amount of one average monthly salary.

But the employer can hire you, but is not obliged to.

You wrote “there is no point in obliging them.” Whose name are you referring to?

Butakov Ivan Viktorovich

I meant your former employer.

Good afternoon On the one hand, the employer (former) is right, since he fired in accordance with labor legislation and your last working day, according to your application, is May 15. But if they make a change to your work book, then nothing criminal will happen either, or you need to negotiate a contract with the command from May 16th. There is no point in obliging them. In general, the date of dismissal and hiring for different employers cannot coincide. ​

Hello, since the accounting period in your case is a calendar month, when working 48 hours ec122 you do not have overtime.

you should have been paid for night shifts because out of 48 hours, 14 were worked at night and, accordingly, had to be paid additionally.

in order to force the employer to pay for night hours, you need to file a claim in court to recover unpaid wages

Please rate the answer​​

The consequences for an employee of dismissal “under article” are quite serious - problems may arise in the future with official employment. In addition, further legal proceedings are possible.

Dismissal at your own request without working for two weeks: in 2018. New amendments, reasons, how to register. How to resign of your own free will. How to quit without working in 2020. Dismissal by agreement of the parties without working off

Is it possible to fire an employee on a weekend or holiday and how to do it correctly.

How to get a mortgage for a military pensioner

I retired to the reserve in 1993. I collected my documents and got on the waiting list for an apartment in Voronezh. My family lived in Ukraine with my mother. I also got a residence permit and was mainly in Ukraine. I came to Voronezh several times, as they call it, to check in Arriving once again in Voronezh, they told me that I had been removed from the queue. The reason was that the military registration and enlistment office sent letters to the apartment that I had rented out and no longer lived there, it was in the Smolensk region. The letters were returned back from the island. Now I am registered in Moscow and I live with my wife’s relatives. The children have grown up and live separately. I have two children: a daughter and a son. Then I had the right to receive a 3-room apartment. Now I’m not on the waiting list and on the apartment register and I don’t know where to turn on this issue

4) who are tenants of residential premises under social tenancy agreements, lease agreements for residential premises of a social housing stock, family members of a tenant of a residential premises under a social tenancy agreement, a tenancy agreement for residential premises of a social housing stock or owners of residential premises, family members of the owner of a residential premises living in an apartment occupied by several families, if the family includes a patient suffering from a severe form of chronic disease, in which living together with him in the same apartment is impossible, and who do not have other residential premises occupied under a social tenancy agreement, a rental agreement for residential premises of the housing stock social use or owned by right of ownership. The list of relevant diseases is established by the federal executive body authorized by the Government of the Russian Federation.

We recommend reading: How many couples received subsidies as a young family 2020

What additional payments are provided for a military mortgage?

What are “extras” for a military mortgage and who can receive them? What documents should I rely on when submitting a report to receive these funds?

“Additional payments” are another type of payment under the NIS state program. These are funds that supplement savings intended for housing. Until the end of spring 2020, there were a lot of disputes and disagreements about “special stages”. Since 2005, all military personnel who are participants in the state program have encountered problems when trying to obtain additional funds. But after 11 years, the much-anticipated changes took place, because... Federal Law-118 was adopted. He abolished the main reason why many were refused the issuance of these funds, that is, the fact that the person resigning for a valid reason owned military housing or under a social tenancy agreement (the only exception was real estate purchased under the NIS).

Who is entitled to receive “extras”?

After changing the requirements of the law, many decided that all military personnel who go into the reserve on preferential terms with service of 10 years, but less than 20 years can count on receiving additional funds (preferential reasons include the following: limited service, valid family circumstances, achievement age limit, OSHM). In addition, they are available to those who were dismissed under the article “unfit”, regardless of length of service, as well as to family members of a deceased participant in the state program.

But, unfortunately, not everything is so “transparent” and simple. The Federal Law has been changed and housing requirements no longer appear in it, as well as the procedure for paying “additional benefits”, regulated by Government Resolution No. 686.

In the fall of 2020, the conditions for the payment of additional funds were changed according to Resolution No. 1172. The list of documents that an NIS participant or members of his family must provide to receive this money has been clarified. At the same time, the orders of the military departments, which also contain a list of necessary documents, have not yet been adjusted in all federal executive authorities. That is why the territorial branches of regulatory authorities, which decide on the possibility of paying “additional payments”, are obligated to provide a complete list of papers, the list of which is indicated in departmental or already “outdated” orders.

Regional housing departments and individual military structures, when accepting documents for payment and discovering information about the availability of housing owned or under a social rental agreement, “approve” the payment of additional funds, referring to the Federal Law and the Government Resolution, that is, the main documents that regulate the state program. In view of this, the requirement regarding the need to provide data on residential real estate for all family members is simply a bureaucratic atavism.

Methods for early repayment of mortgages for the military

The Military Mortgage program implies the borrower’s ability to repay the money to the bank ahead of schedule. Moreover, this can be done partially or fully. The benefits for the military personnel themselves are obvious:

1. the amount of overpayment is reduced by reducing the repayment period and recalculating the debt;
2. receiving more income from investments of savings stored in an account with the Federal State Institution “Rosvoenipoteka” (they will not be used to pay off the mortgage, therefore, their amount will remain entirely in the account).

The legislation not only allows you to repay the debt to the bank ahead of schedule, but also implies the possibility of using your own funds for this in the following formats:

• accumulated savings;
• savings on an individual account of the NIS program;
• maternity capital funds allocated by the state.

All these methods allow you to return money to the bank ahead of schedule, partially or in full.

If a serviceman was dismissed from service before reaching 20 years of service, then he will have to return the funds not only to the financial institution, but also to the Rosvoenipoteka Federal State Institution.

The exception is cases when the length of service is more than 10 years, and the reason for early dismissal is:

1. unfitness or limitation of fitness due to health reasons;
2. reaching the age limit for service;
3. family circumstances;
4. regular organizational events.

Then a refund to the Rosvoenipoteka Federal State Institution will not be required.