Today, many parents are puzzled by the question: "What is the obligation on the maternal capital of the borrower?" You can find out this and other useful information in this article.
Capital loan
It is possible to borrow from a bank under maternity capital, but only for the purchase, construction or reconstruction of housing. According to 256-FZ, it is impossible to use state material support in order to obtain a consumer loan. A consumer is a loan for the purchase of furniture, household appliances, travel and car loans.
What is the obligation on maternity capital?
If you want to get a long-term loan with the help of state financing, you need to give the bank a certificate and a certificate (issued by the Pension Fund) on the availability or balance of maternity capital funds. A financial institution is considering an application for a mortgage / loan from 2 to 7 working days. Housing should be registered in the property of both parents and children. If this condition is not fulfilled (there is no registration of an apartment / house for the whole family, only for one person), then responsibility arises according to the legislation of the Russian Federation. You will need to visit a notary public and draw up a written commitment on maternity capital.
Under what conditions is a mortgage with maternity capital issued?
- The initial contribution amount can reach 10% of the total cost of housing.
- The maximum loan period can reach 30 years.
- Sureties are not needed.
- The interest rate, if you comply with the insurance conditions, from 9.5% to 12% per annum. If you decide to do without insurance, then from 10% to 12%. But the final percentage will depend on individual circumstances.
- The main thing is to write and notarize the obligation on maternity capital with a notary.
Amount Calculation Procedure
Based on the solvency of the client, employees of a financial institution calculate how much mortgage lending a bank can provide. In order for the funds of the maternal capital to be directed to the initial payment or repayment of part of the mortgage, a certificate must be submitted to Sberbank along with the application.
Loan for maternity capital in Sberbank aimed at housing
The Bank makes it possible to begin construction of new housing or the purchase of an apartment in a house under construction, using state support. Moreover, maternity capital can be used as a first installment, and go to the gradual repayment of the entire amount.
Money transaction
Six months after the registration and approval of the request for a mortgage, you should write a statement to the Pension Fund on the transfer of maternity capital money to your bank account. I note that these conditions apply throughout Russia.
Mortgage under the maternity capital - profitable?
Compared with a regular mortgage, a loan under state support is more profitable. It does not matter, you will build or acquire housing. A convenient loan for maternity capital in Sberbank is that you do not need to look for money for an initial payment - you have a certificate. The following option is also possible: to direct the first part of the maternity capital to the first large contribution, and the second to repay interest. But this option is not always approved, it all depends on solvency.