After obtaining a loan at the bank, you need to pay it in a timely manner. There are several ways to do this. It is convenient to do this using ATMs. The payment procedures in each device are approximately the same. About whether it is possible to repay a loan through an ATM, described in the article.
Why is it profitable to pay through an ATM?
Cash registers are considered the usual method of debt repayment, but every day it becomes less in demand. ATMs are becoming very popular. This is due to the following reasons:
- The queue for such devices is less than at the cash register.
- There are more ATMs than branches. They are everywhere.
- Speed, reliability, safety.
In addition, the devices of their bank accept funds without commission. Thanks to this, many choose this method of payment. How to repay a loan through an ATM, is described below.
Payment procedure
How to repay a loan through an ATM? The procedure is performed according to the following instructions:
- It is necessary to record a personal account to which money should be transferred. Then it will be more convenient to pay the debt, and you do not need to carry a loan agreement with you.
- You need to find an ATM that has the function of receiving money (cash in). The device may be on the premises of a credit institution or on the street. There are devices in large supermarkets.
- On the monitor you need to select the section "Repayment of the loan." In it you need to enter the details (account). You must specify the amount and insert cash into the bill acceptor. After checking the data, click the "Pay" button.
- If this is a credit card, then to pay off the debt you need to deposit money into its account. How to repay a loan through an ATM in this case? You need to insert the plastic into the device, enter the pin code and select the section “Account replenishment” or “Cash deposit”. Then you need to follow the instructions on the screen.
- How to repay a loan through an ATM if the card is issued at another bank? You need to insert plastic into the device, enter the pin code and select “Payments”, and then the section “Paying loans from other banks”. Then, based on the prompts, you need to complete the payment procedure. In this case, fees may apply.
- At the end of the procedure, you need to pick up the receipt, which must be saved.
This completes the payment. It is this instruction that is used if you are interested in how to repay Alfa-Bank’s credit through an ATM. If the funds are not credited, you must write an application to the bank where the loan was made, indicate the device address, time of operation and date of payment. After that, the rest of the instructions will be received.
Payment through Sberbank
How to repay a loan through an ATM of Sberbank? Payment is carried out in a similar way, but with slight differences. In the main menu you need to find the option "Payments", and then "Repayment of the loan." A window will open where you must specify the account number of 20 characters and the date of execution of the contract. After checking the data you need to click on "Next".
Then you need to specify the name of the full name, payment amount and account and contract details. The required amount should be entered, not less than indicated. At the same time, it needs to be rounded, because the ATM does not give change. You can increase the amount of payment, and then the main debt will be reduced, and interest recounted.
You must enter the amount and click "Next". After payment you need to pick up the check. Redemption is not carried out at the time when the funds are deposited at the ATM, but when they are credited to the account. This operation may take from several minutes to several days. Therefore, you need to transfer funds in advance.
Payment in this way is convenient, since there are many bank branches. In addition, there are 24-hour terminals. It is necessary to keep the check, because it serves as a confirmation of payment. If you are interested in how to repay a Gazprombank loan through an ATM, you can do this step by step according to the above instructions.
Nuances
It is advisable to use an ATM that belongs to the lender for payment. Then you can find out the payment amount if it is forgotten. In addition, funds will be transferred without commissions. They are usually credited within a few minutes. Therefore, if the funds were paid on time, and the creditor claims, the receipt will serve as evidence. When paying through an ATM of another bank, you need to pay a commission, and you need to deposit funds earlier. Additional fees are not available only with partners of the institution.
Often the amount of payments is not round, usually it is uneven amounts, moreover, with a penny. The remaining funds will still be credited to the account. But when the last payment will be made, it is better to do it at the cash desk in order to deposit the necessary amount.
Other loan payment methods
According to the Federal Law No. 353, the consumer loan agreement must specify the methods of paying the debt, including free methods. Payment can be made at the place of receipt of the loan and at the place of residence of the borrower. Without a commission, you can deposit through banks, terminals and ATMs with the function of accepting cash. But there are other ways to pay a loan:
- Interbank transfer.
- In the terminals of well-known systems (“Qiwi”) and communication salons (“Euroset”, “Svyaznoy”).
- Postal transfer.
- Electronic money (Yandex.Money, WebMoney, Qiwi).
- Transfer from card using online banking.
According to the above methods, a commission may act. Please note that when paying funds through partners and third-party services, the responsibility for the timely payment will be on the client. It does not matter to the bank where and when the funds were deposited, it only needs to be in the account on time. Therefore, it is better to send the payment in advance.
Conclusion
Thus, the ATM serves as a convenient means of paying loans. Each bank has such devices that make it possible to deposit funds quickly and without commission.