Not every organization acting as a lender provides for early repayment of a loan. Sberbank customers are more fortunate: it allows, if desired, to pay off the entire amount or part of the debt. To carry out the operation, the borrower will need to visit the service office and contact a specialist in lending to the population. After filling out the papers, the contract is terminated or its components are changed (payment schedule). In order not to have difficulties in the calculation, you should know how to repay a loan early at Sberbank.
The agreement with the bank drawn up during its registration will help to determine the actions for early repayment of the loan. The contract will indicate the method used to calculate the monthly payment: annuity or differentiated. The first method is characterized by the same recommended installments for loan repayment. It is easy to recognize it on your own: if you need to pay a fixed amount every month, then the loan is annuity. Differentiated payments are volatile. They change every month, gradually decreasing. For example, at the beginning of the loan term, the client pays the bank 600 rubles, and at the end - already 400. Moreover, the interest will also gradually decrease, but the principal amount is written off in equal shares.
Differential and annuity payments
To understand how to properly repay a loan ahead of schedule at Sberbank, you need to understand the essence of the formation of monthly installments. For example, when returning borrowed funds to the bank in an annuity way, the client subscribes to the following conditions:
- it is necessary to pay the same amount every month during the entire loan period;
- the payment consists of a part of the principal debt and interest accrued on a monthly basis for the entire loan amount;
- most of them are paid in the first half of the contract.
As a result, the amount of borrowed funds is repaid only in final payments. Therefore, it is more profitable to “repay” the loan in the first half of the contract, when the bank has not yet received most of the interest from the client. With a graded loan repayment method, monthly installments vary in amount. They are made up by the amount of the principal debt per 1 billing period, and interest. The latter are charged not for the entire loan amount, but for its balance. This method of repayment of the loan is more profitable for the borrower - the overpayment is much less.
General terms
How can I repay a loan in Sberbank ahead of schedule? There are a number of requirements that must be met in order to carry out the calculation. The bank does not impose requirements on the minimum amount of the contribution, does not prohibit both partial and full repayment. In addition, the borrower does not have to pay the prepayment penalty. The obligatory action of the client in the case of "closing" a loan or depositing a certain amount for recalculation is to submit a written application to the bank, which must contain the following information:
- maturity date (business day);
- the amount of the contribution;
- the account from which the funds will be transferred.
It is necessary to inform Sberbank 30 days before the planned repayment time. In case of early repayment of the debt, the client has the right to return part of the insurance for the period that will not be included in the term of use. Of course, this procedure is more time-consuming than repaying a loan, but it can be done if desired. The process also begins with the filing of an application, the form of which can be asked at the bank.
Algorithm of actions
In order not to wonder how to repay a loan in Sberbank ahead of schedule, you need to know what has to be done for this. The general rules for the successful deposit of funds and the recalculation (closing) of the loan amount are reduced to the following points:
- write an application for early repayment and take it to the bank branch 30 days before the planned payment of funds;
- make sure that the employee puts a seal on the application for acceptance for consideration;
- pay the set amount in any convenient way;
- make sure the balance has changed;
- request a new payment schedule (in case of partial repayment) or documents confirming the full repayment of the loan.
It is worth noting that the monthly payment scheme is rarely changed, since Sberbank most often issues loans with annuity payments. With their partial repayment, the term of the loan agreement changes, while the amount of contributions remains the same.
Full early repayment
If the required loan amount appeared earlier than the planned date, borrowers often think about completely covering their debts. Monetary obligations weigh down even the wealthiest people. Getting rid of them is not only pleasant, but also beneficial. After covering the amount of debt ahead of schedule, you will not have to give extra money into the wrong hands. If you want not only to forget about monthly deductions from the budget, but also to stay in the black from the deal, you should know a few simple rules. When planning to repay debts, you should pay attention to the repayment period. "Closing" the loan in the second half of the period of its use promises little benefit. The sooner the borrower pays off the bulk of the debt, the less interest he will have to pay.
Partial repayment
Not infrequently, there is also a gradual "overlap" of the monthly payment amount, which leads to a smooth recalculation and acceleration of the completion of the relationship between the creditor and the debtor. Many people ask the question: how to partially repay a loan in Sberbank ahead of schedule? The algorithm of actions with this method of early repayment remains the same, only one more small rule is added: the payment must be greater than the amount of the monthly installment. The money is transferred on the day appointed according to the schedule or by agreement with the bank. The amount exceeding the recommended amount is used to reduce the loan body, as a result of which interest payments are reduced. When making a partial loan repayment, it is worth contacting a bank employee for a new payment schedule (with a differentiated method).
