Mortgage in VTB 24 for secondary housing - how to get a loan?

Rules for early repayment of VTB mortgages

The bank provides the opportunity to fully or partially repay the mortgage without charging a commission .

Any borrower has the right to repay the loan ahead of schedule (in full or in part) regardless of the amount and term of the loan . This right is regulated by the relevant federal law, and VTB is obliged to follow it.

Before deciding to repay the loan early, each borrower is advised to familiarize himself with the basic rules:

1. You should definitely write a corresponding application to the bank before making the payment (otherwise it may not recalculate, and the money will remain “hanging” in the account).
2. Before submitting an application, it is recommended to call the bank and find out the exact (down to the penny) amount of the debt, as well as clarify the sequence of your actions. It would be ideal if the client transfers the payment on the same day in the first half of the day, so that the money can be credited to the account before the end of operating hours.
3. The borrower has the right to either shorten the term of the loan agreement or reduce the amount of the monthly payment. Here it is important to independently calculate which option will be more preferable for a particular borrower.
4. If the debt is not fully repaid, VTB will recalculate the payment schedule and issue the client a new one.
5. The bank will write off funds to pay off the debt exactly on the repayment date according to the schedule. Therefore, it is best to repay the loan on the date of the next payment in an amount exceeding its size. This way you will avoid confusion and will definitely help reduce the amount of debt.

Important!

Early repayment of the loan not only reduces the total overpayment on the loan, but also relieves the apartment of collateral encumbrance! Therefore, if any opportunity arises to do this, you should not miss it.

Many banks have a moratorium on the timing of early loan repayments - for example, no earlier than one or three months from the date of conclusion of the loan agreement. At VTB, each borrower has the right to carry out this operation even on the first day of the transaction.

Many borrowers make a mistake - they accumulate a large amount of money and only then deposit it into the account. This will reduce the overpayment, but not as significantly as if the borrower had paid a smaller amount earlier. For example, it is better to deposit 50 thousand rubles every six months than to immediately deposit 100 thousand rubles every other year.

Conditions for approval of the application

Applying for a loan is almost effortless. However, it happens that the entire package of necessary documentation has been collected, all deadlines have been met, but the loan specialist has not approved the application.

So, what are the conditions for approval of an application? What do you need to pay special attention to?

1. When applying for a mortgage, the bank takes into account the financial condition of the citizen .
   So, on the VTB 24 website there is a mortgage calculator that indicates the required level of income to receive a certain amount. You should not overestimate your income data, because bank specialists will still find out the truth. Will increase your chances of getting a loan and indicating additional sources of income. For example, rent from renting out real estate or interest on bonds.
2. Banks give preference to promising and stable borrowers . After all, a loan such as a mortgage is provided for a long period ( 15-30 years ). No one can guarantee the integrity of the borrower after 20 years, but banks still try to protect themselves and avoid possible risks by selecting the most reliable clients. As a rule, these include women with higher education and two children . This is a classic ideal portrait of a borrower. Single young men with no credit history are much less popular. Work experience (preferably at least 2 years) and a reliable employer also play a big role. Greater preference is given to citizens working in municipal and state institutions.
3. The larger the amount of down payment you are willing to offer the bank , the greater your chances of approval of the application. This shows the bank the seriousness of your intentions and your ability to manage finances. It is important that the larger the down payment, the smaller the overpayment on the loan and the lower the level of income required from the borrower.
4. Credit history is in second place as conditions for obtaining a loan after income level . Everyone knows that banks “share” information about troubled borrowers with each other. Therefore, your credit history should be protected from a young age as an honor. A perfectly clean credit history will also be a problem.
   Start building your credit history brick by brick from the very beginning of your working life. Apply for a loan for a phone or TV and pay it off early.
5. Social indicators such as age, marital status, presence of children and the client’s health status are of great importance for a credit institution . Remember that you have to pay off your mortgage for 15-30 years . It is unlikely that a citizen at 45 years old will be able to get a mortgage for 20 years . If you are legally married, this is also an indicator of your reliability for the bank .
   If you have children, this means that you will worry about tomorrow. At the same time, expenses for children constitute a large item in the family budget. Therefore, having 1 - 3 children will be an advantage in this case, and a larger number of children may become a slight obstacle. If the client has health problems, disability or dangerous work (police, Ministry of Emergency Situations, etc.), then the bank will most likely refuse him. Even taking out insurance will not help, because insurance companies usually do not provide insurance products to these categories of citizens.
6. Pay attention to the availability of benefits. It could be the mother

   
   Russian capital or you are a young family, someone in your family belongs to the military profession, etc.

7. You will increase your chances of receiving a loan if you have already received a loan from VTB 24 and are also a participant in the salary project.
8. If you doubt your chances of having your application approved , you can resort to the help of intermediaries. For example, a credit broker with connections to the bank can tell you such nuances as what to do when submitting an application, a package of additional documentation for the loan, what amount is more likely to be received, etc.
9. Lending institutions usually do not lend to secondary housing that has been subject to litigation. Also, you should not choose an apartment that has undergone redevelopment. Dilapidated and dilapidated housing is not even subject to discussion in this case . In addition, this applies to “hotels” that are becoming increasingly popular. They are often registered as rooms. It is better to purchase real estate, which according to documents is an apartment.
10. One of the popular reasons for refusal to grant a mortgage is failure to comply with the bank's formal requirements . Fill out the form calmly and slowly. Check it several times before handing it over to the bank employee. Fill out all points of the form, even if they are not mandatory. The bank must see that you have nothing to hide, and that you are determined and serious. Sign wherever required .
    Of course, before doing this, carefully study the entire document. Make sure the information you provide is correct. Attach copies of all required documents to your application. If the bank requires additional documents, it is better to provide them without entering into a discussion. This way you will increase your chances. Formalities play a decisive role in this matter. For example, if you make a mistake in one digit when specifying your contact phone number, and a bank employee calls a stranger, he may consider that you deliberately provided incorrect data, and you will be denied a loan.
11. Every person has certain skeletons in their family closet . Unfortunately, if you or your close relatives have a criminal record for economic crimes or crimes against property, then the likelihood of your application being approved is quite low.

It will also negatively affect the approval of your credit situation if you or your relatives have outstanding loans or other debts, for example, fines, taxes and penalties, utility bills. This also includes a negative credit history.

Required documents

To repay the loan early, you will need only two documents:

1. passport;
2. loan agreement.

After depositing the required amount, the client will be required to sign the following statements:

• to cancel the relevant agreement with mandatory mention of the repayment amount and date;
• to close the “plastic”.
• to cancel a card account;

Important!

After the borrower has fully repaid all debts to the bank (for the payment of the debt, interest and penalties, if any), he should file an application with the registration chamber to obtain the cancellation of the encumbrance on the property that was pledged to the lender for the period of payment debt.

also worth contacting the insurance company to return the overpaid amount of the insurance premium. This right to the borrower is given by the fact that the loan transaction was terminated before the deadline specified in the agreement.

The borrower must submit documents to the insurance company indicating that he has fully fulfilled his obligations.

What package of documents does the bank require?

The answer to the second question of interest, how to get a mortgage from VTB, can be obtained by considering the lists of necessary documents.

Recently, bank clients have the opportunity to obtain a mortgage loan in a simplified manner using only two documents: a passport and another document identifying the applicant (SNILS, driver’s license, military ID, international passport). A mortgage will be given even without proof of income level and employment, without guarantors and co-borrowers, provided that 30% of the cost of the mortgage property is paid at once.

The complete package of documents will necessarily include:

• passport;
• information about income (2-NDFL certificates, salary certificates in the bank form, certificates of pension accruals, tax returns for individual entrepreneurs);
• information about employment (certificates from the place of work, certified copies of work records);
• in the case of a pledge: documents confirming the right of the owner of the pledged property (extracts from the Unified State Register, copies of the certificate of state registration of the right, copies of the certificate of acceptance of inheritance, purchase and sale agreement, gift);
• information about accounts, bank account balances.

The chances of getting a mortgage from VTB are significantly increased for those applicants who, in addition to these documents, provide information on their past credit history, especially if it is positive.

Each client can provide information about his income not only from his main place of work, but also from additional earnings. It would not be superfluous to show the presence of other assets that the borrower and co-borrowers have, for example, securities, expensive property or transport.

How to repay a mortgage early at VTB 24?

There are several options for how to pay off your mortgage early at VTB. You can pay off the debt ahead of schedule - in whole or in part. To do this, you need to follow the sequence of steps below:

1. Write a corresponding request. In a bank branch or remotely in your VTB-Online personal account . You can also use the support phone number, but in this case you will not have documentary evidence of the transaction. Be prepared to provide the operator with the following information: your own data (full name, passport information) and information from the mortgage agreement (date of its conclusion and number), as well as the due date for making the payment.
2. Choose the most convenient option for you to change the terms of the loan agreement: shortening its term or reducing the payment amount. To independently calculate the most profitable method, it is recommended to use a calculator.
3. Make timely credits to your account.

If the client submitted an application at the bank’s office, then he must include the following information:

• deposited amount;
• the date it was credited to the account.

Partial early repayment

The procedure for partial repayment of a mortgage is somewhat more complicated than the algorithm for full repayment of the debt. There are pitfalls here that every borrower needs to know.

The main one is the restriction on the funds contributed towards partial repayment of the loan. The minimum amount that the borrower has the right to repay early is 15 thousand rubles.

To make a partially early deposit of funds into your account , you should use the following algorithm:

1. Come to the branch one day in advance and notify the bank of your decision (you can send a notification remotely). If the client has an overdue debt, he must first pay it off.
2. Transfer funds to repay the loan on the day specified in the payment schedule using one of the available methods. If the funds appear in the account after 7 pm, the borrower’s application for partial repayment of the debt will not be accepted for execution. The bank has the right to apply penalties to a client who has violated the deadlines for making the next payment. Therefore, funds should be paid in a timely manner, or better yet, in advance.
3. Please review the modified schedule. Due to incomplete early repayment of the debt, the remaining amount of the debt changes. Therefore, the bank must draw up a new schedule. The choice of option to reduce the debt burden remains with the client. He is asked to reduce the number of mandatory payments or reduce the payment amount.

We will separately highlight the following nuances of early debt repayment that every borrower needs to take into account:

• if the client was in arrears on the mortgage, then the debt should be repaid ahead of schedule only after it has been repaid;
• the client can deposit funds ahead of schedule not only on the scheduled payment date, but also on any other;
• If the borrower made an early repayment not on the day of the next payment, then he does not get rid of making the amount of the next payment according to the schedule.

Full early repayment

The most balanced solution is for the client to personally visit a bank branch within 24 hours and complete an application for full early repayment of the loan. You should first find out the exact amount required for full repayment.

The difference of even one penny can be critical and the debt will not be repaid. You can find out the necessary information from a bank employee (in person or by phone, having previously confirmed your identity). Another option is remotely through your personal online banking account .

Attention!

The amount reported by the operator is relevant only on the date of its presentation. Therefore, if you repay the loan on another day, the information may no longer be valid.

Early repayment of a mortgage in full does not correspond to the monthly payment date. The borrower has the right to take steps to repay the debt at any time, having previously notified the bank. However, in order to avoid confusion, it is recommended to make the deposit on the day of the next payment.

Be sure to make sure that you receive a document confirming the repayment of the loan and the absence of an encumbrance in this credit institution. In any doubtful situation, this will help you out.

Mortgage restructuring from VTB24 in 2019

There is an important rule for using loans, including mortgages, which will help keep your nerves, credit history and money safe and healthy. As soon as there is a shortage of money to pay the monthly payment or interest, you need to immediately go to the branch and ask for a VTB24 mortgage restructuring. It is not a fact that when making a decision, the bank will issue a positive verdict (VTB24 may be denied a mortgage restructuring if not all conditions are met). However, knowledge of the basic tenets of the procedure will definitely not hinder any individual associated with a loan.

The bank's management actively invites not only its own borrowers to carry out a mutually beneficial procedure, but also invites clients of other banks, offering them more favorable conditions for re-issuing loans. Moreover, VTB24, in addition to the program with the help of the state, has its own, which will be a good solution for borrowers who were unable to obtain the right to participate in the state program. According to its terms:

Registration of insurance

To draw up a mortgage agreement at VTB, employees will necessarily require the conclusion of an insurance agreement for real estate, which is pledged to the bank.

The borrower can refuse full insurance, but he is obliged to take out insurance for the apartment.

It should be remembered that if the borrower refuses to take out life and health insurance, the interest rate will be increased by 1 percent of the base rate.

VTB Bank cooperates with an insurance company, so bank employees may recommend taking out home insurance from this organization. Insurance Company provides insurance services to citizens and legal entities (except for life insurance).

For information on how to get a mortgage loan from Sberbank, read the article: how to get a mortgage from Sberbank.

In conclusion, it should be noted that obtaining a mortgage is a difficult and time-consuming process, but for many citizens of the Russian Federation this is the only way to acquire their own housing.

Video: Mortgage at VTB in 2020: conditions, rates, refinancing

(No Ratings Yet)

Duration of the procedure

In case of full early repayment, the borrower submits an application no later than 18.00 on the date specified in the application. It must be submitted to the bank branch where the borrower’s loan is serviced. If the application is submitted later than 18.00 and to another department, the procedure will be carried out on the next business day.

If you want to repay the loan during the payment period and indicated this in the application, you must submit it to the bank no later than 1 day before its due date. For example, the payment period is from the 18th to the 25th of the month, the application must be submitted no later than the 18th, that is, the 14th, 15th, 16th and so on. If it was submitted on the 19th, then it will be executed in the next payment period.

If the application indicates a date that does not fall within the payment period, then it must be submitted no later than one day before this date. For example, the application says that partial repayment is made on March 15 (payment period from 18 to 35), which means it needs to be submitted on 10, 11, 12, 13.

Why is this important to know? When partial or full early repayment occurs outside of the payment period, the borrower must pay interest on the loan until this date. If the return is made during the payment period, then the amount is paid without taking into account interest.

Risks and pitfalls - what you should know in advance

Like any loan product, a mortgage from VTB Bank has several drawbacks. By systematizing customer reviews, you can form the following disadvantages:

1. Strict criteria for the client to apply for a mortgage loan.
2. If you need to purchase housing on credit on cooperative terms, lending is available only for participation in projects accredited by VTB.
3. Significant impact of the issue of issuing an insurance policy on the cost of the loan.
4. The maximum loan amount depends on an expert assessment, which may differ from the market price.

By comparing all the pros and cons of lending for home purchases with VTB, you can familiarize yourself with specific loan offers. VTB mortgage calculations are done individually, taking into account the lending program.