Due to the fact that at present it is rare for anyone to buy an apartment for the accumulated money, most people turn to mortgage lending for this purpose. To minimize the cost of repaying a mortgage, borrowers, as a rule, want to make early repayment. However, to implement this procedure, you need to familiarize yourself with some rules.
For modern residents of our country, the issue of mortgage lending is very relevant. Indeed, despite the possibility of solving the burning issue of housing, this loan is a heavy enough burden for the majority of payers. In addition, one should not forget that high interest rates on mortgages imply payment for housing in amounts that significantly exceed their real commercial value. However, this uncontested option for purchasing an apartment puts the issue of early repayment of your debt to the bank literally in the first place. In this context, the thematic conditions of Sberbank should be considered very carefully by potential borrowers.
Naturally, the high level of mortgage overpayments seriously affects the financial wealth of the family. Because of this, even partial payment in the framework of early repayment can be fully considered a priority. The logic of this decision takes into account the interest under the agreement with Sberbank, currency fluctuations and stable inflation growth. It is better for the bank to receive regular monthly payments, which receive most of the profit from the transaction in the first years of the mortgage. Indeed, during this period, they only take into account the interest on the loan, and the contract is closed automatically on the last day of payment, if the payment schedule was strictly followed.
For Sberbank clients who have sufficient and stable income, of course, you can count on the issue of early repayment of the mortgage to be resolved positively. In this case, the bank is accommodating and allows the borrower to make payment on the loan in the form of a differential payment. Then the monthly installment on the loan is divided into two parts, and interest is charged only on the remaining debt. With such a loyal approach of the bank to its financially stable clients, the possibility of early repayment of the mortgage acquires a very real turnover. In this context, it is important to understand that the entire burden of the financial burden will fall on the client at the initial stage of payment, and therefore the check of his solvency by the bank is perfectly justified.
In what ways can you pay off the mortgage ahead of schedule?
Since the bank receives the maximum profit on the loan if it is repaid within the framework of the original agreement, then reducing the loan term to a shorter side implies for it an automatic decrease in the profitability of the mortgage transaction. In this regard, the bank is not interested, in principle, for borrowers to repay the mortgage ahead of schedule, however, they cannot prohibit this either. After all, the Civil Code of the Russian Federation clearly regulates this issue in favor of the guaranteed right of each borrower to close his debt to the bank earlier than the originally established period.
In this case, the bank's client must notify Sberbank employees of such a decision in advance and in writing. The regulated period is at least thirty days. In a written application, the reason is indicated, due to which the early repayment of the mortgage is actually planned.
In the client's appeal to the bank, the following information must also be indicated: the name of the bank branch that issued the mortgage loan, the phone number and address according to the client's registration, the number of the loan agreement. An arbitrary form of writing this application also implies an indication of the amount of money that is planned to be paid as early repayment of the loan. The procedure for repaying a mortgage loan at Sberbank provides, after signing such an application, an indication of the specific date when payment can be made. After that, the loan is considered fully repaid. In the case of partial early repayment of the loan, a new payment schedule is drawn up, which in turn is signed by the borrower and the representative of Sberbank.
Limitations on early repayment of mortgages
Since Sberbank imposes very specific conditions on its clients for early repayment of the mortgage, it is better to familiarize yourself with them in advance in order to avoid further problems on this issue. First of all, it is important to know that there are differentiated and authentic types of payments. The first includes monthly payments, which are subsequently reduced. The second option provides for a monthly payment schedule with the same payment level. In this case, interest is paid first, and the debt itself is paid only from the middle of the total term.
As a rule, banks operate on an authentic basis. Therefore, they have special requirements for the early repayment of the mortgage. First of all, this concerns the limit for the amount (15 thousand rubles), which can be considered in this capacity. In addition, the client is obliged to apply with this request to Sberbank one day before the main payment. This is an additional guarantee of the bank that it is ready to fulfill its new obligations by the client.
Timely payments are made at the bank's cash desk or through the terminal only after the application is written and received by the bank employee. Then the required amount is deposited, and then payments are made in accordance with the loan obligations. After the next installment is made by the client, an authorized employee of Sberbank provides him with a new loan repayment schedule, which directly takes into account the previously completed partial early repayment of the mortgage loan.
In addition, there is currently an online method for early repayment of the Sberbank mortgage. In this case, you can save a lot of time associated with visiting the bank. To do this, you need to go to the official website of Sberbank, where you can use the "Calculator" option, which allows you to calculate options for full or partial early loan repayment. The second option involves receiving a new payment schedule from the bank.
How is the early repayment of the mortgage
It is important to understand that early repayment of the Sberbank mortgage is allowed to be carried out by any client, which is regulated by the legislation of the Russian Federation.
However, the procedure for early repayment of a mortgage implies various possibilities and conditions described above. Therefore, it is advisable for potential clients of Sberbank to first familiarize themselves with it, so that if such a need arises, additional difficulties arise. It is important to remember that the bank is obliged, at the request of the client, to make the necessary calculations according to the declared data. And when accepting an application for partial early repayment of the loan, the bank must provide the client with a new payment schedule.
Is it worth paying off the mortgage ahead of schedule?
If the payment of the mortgage loan has been made for a long time, and the monthly payment procedure does not present significant problems for the borrower, then using the option of early repayment of the Sberbank mortgage is not very relevant. After all, an additional amount will definitely mean an increased saving mode in the current way of life. However, for clients who want to get out of the bank's encumbrance zone, you should use the option of full or partial repayment of the mortgage.
After analyzing the numerous reviews of Sberbank clients who used the procedure for early repayment of mortgages, we can say that some of them were satisfied with everything, while others were outraged by too strict requirements. In addition, it is important to know that holders of a Sberbank salary card can count on the lowest loan rate in it. In general, today Sberbank is demonstrating the most loyal conditions for clients on early repayment of loans on the mortgage market.
