Not every organization acting as a creditor provides for early repayment of a loan. Sberbank customers are more fortunate: it allows you to pay off all or part of the debt if you wish. 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 in the papers, the contract is terminated or its components are changed (payment schedule). In order not to cause difficulties in the calculation, you should know how to repay a loan ahead of schedule in Sberbank.
Peek into a loan agreement
The agreement with the bank drawn up during its execution will help 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 contributions to repay the loan. It is easy to recognize it yourself: if you need to pay a fixed amount each month, then the loan is annuity.
Differentiated payments are inconsistent. Every month they change, gradually decreasing. For example, at the beginning of the loan period, the client pays the bank 600 rubles, and at the end - 400 rubles. Moreover, interest will also gradually decrease, but the amount of the main debt is written off in equal shares.
About differential and annuity payments
To understand how to repay a loan ahead of schedule in Sberbank, you need to understand the essence of the formation of monthly installments. For example, returning borrowed funds to the bank in an annuity way, the client subscribes to the following conditions:
- every month it is necessary to pay the same amount during the entire loan term;
- the payment consists of a portion of the principal debt and interest monthly accrued on 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, "repaying" a loan is more profitable in the first half of the contract, when the bank has not yet received most of the interest from the client.
With a differentiated method of loan repayment, monthly installments vary in amount. They are the amount of the principal debt per 1 payment period, and interest. The latter are not calculated on the entire loan amount, but on its balance. This method of repaying a loan is more beneficial for the borrower - the overpayment is much less.
General terms
How can I repay a loan ahead of schedule at Sberbank? There are a number of requirements that will have to be met in order to carry out the calculation. The Bank does not make requirements for the minimum size of the contribution, does not prohibit both partial and full repayment. In addition, the borrower does not have to pay a penalty for early repayment.
The obligatory action of the client in case of “closing” the loan or making a certain amount for recalculation is to provide a written application to the bank, which should contain the following information:
- repayment date (business day);
- amount of contribution;
- account from which 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 regain part of the insurance for the period that will not fall within the period of use. Of course, this procedure is longer than repayment of a loan, but feasible if desired. The process also begins with the submission of an application, the form of which can be asked at the bank.
Action algorithm
In order not to wonder how to early repay a loan at Sberbank, you need to know what remains to be done for this. The general rules for the successful transfer of funds and 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 stamps the application for its acceptance for consideration;
- pay the set amount in any convenient way;
- make sure the balance changes;
- request a new payment schedule (in case of partial repayment) or documents confirming full repayment of the loan.
It is worth noting that the monthly installment scheme is rarely changed, since Sberbank most often draws up loans with annuity payments. With their partial repayment, the validity of the loan agreement changes, while the amount of installments remains the same.
Payment Methods
You can make the next payment or the amount for early repayment of the loan in different ways. The bank does not put forward requirements for the method of payment, the client focuses on their own preferences and amenities. You can put money into your credit account using the terminal (even a third-party organization), electronic wallets, bank transfer or cash deposit through the cashier.
Sberbank Online service users make the operation even easier. It is enough to have access to the network and the necessary amount of funds on a card or other bank account. How to repay a loan ahead of schedule in Sberbank using the online service? To do this, you need to perform a number of actions:
- Log in to the Sberbank Online system.
- Go to the "Loans" section.
- By clicking on your active loan, choose a method of early repayment (partial, full).
- Fill in the form that appears, indicating the amount, invoice and due date.
- Click on the button “Make an application”.
- Check the correctness of the entered data and confirm the action using the SMS code.
Application progress status can be monitored through the online account.
Full prepayment
If the necessary loan amount has appeared earlier than the planned term, borrowers often think about the complete repayment of their debts. Monetary obligations burden even the most affluent people. Getting rid of them is not only pleasant, but also beneficial. After all, having closed off the amount of the debt before the due date, you will not have to give extra money into the wrong hands. If you want to not only forget about the monthly deductions from the budget, but also stay in the black from the deal, you should know a few simple rules.
How to repay a loan ahead of schedule in Sberbank with benefit for yourself? When planning to repay debts, you should pay attention to the payment period. “Closing” a loan in the second half of the period of its use promises little benefit. The sooner the borrower pays the bulk of the debt, the less interest he will have to pay.
Partial repayment
Often 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 themselves: how to partially repay a loan in Sberbank partially 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.
Money is transferred on the scheduled day or by agreement with the bank. An amount exceeding the recommended amount is used to reduce the loan body, as a result of which interest payments are reduced. When partially repaying a loan, you should contact a bank employee for a new payment schedule (with a differentiated method).
Mortgage agreement
Due to the high cost of housing, many families agree to purchase apartments (houses) on a long-term loan. At the same time, the relationship between the borrower and the lender lasts from 15 years or more. During this period, global changes may occur: often the family begins to earn more or relatives help in the payment. A logical question arises: “Is it possible to repay a mortgage loan of Sberbank ahead of schedule?” The answer of the specialist will definitely be: "Yes." Moreover, you can pay both in parts and in full. The only limitation is that overpayment is possible only after the 4th payment on a mortgage and at least 15 thousand rubles.
So is it possible to repay a loan ahead of schedule in Sberbank? The reader has learned from the article that it’s not only possible, but also necessary if possible. The Bank does not impose any additional obligations in the form of fines or penalties and requires compliance with a minimum of conditions. The procedure is the same for a loan of any type: consumer, mortgage, automobile.