The funds allocated by the state in the amount of about 307 thousand rubles for the birth of the second child are aimed at improving the housing issue.
Including:
- construction (acquisition) of a dwelling;
- payment of a contribution, repayment of a debt on an existing loan or a loan for the construction or purchase of housing;
- payment of equity participation in construction;
- payment for the construction of a separate residential building;
- payment of contributions with participation in housing cooperatives;
- repayment of debts or payment of an initial installment for mortgage lending;
- payment of interest on mortgage loans.
A loan for maternity capital can be obtainedonly in several banks: the Bank of Moscow, Unicredit, Sberbank of Russia, Delta Credit, Otkrytie and VTB24. In these organizations, specialists have been trained, understand all the intricacies of lending and work with clients at the highest level.
Sberbank of Russia works in all areaslending to maternity capital. Favorable conditions and interest rates are provided with the participation of equity holders in the new construction. The Bank implements and controls the fulfillment of obligations both on the part of the borrower and the creditor.
Bank VTB24 gives a loan for maternity capitalOnly if there are certificates of income and a certificate of the issuance of maternity capital. Once the certificate has been received and all the necessary documents have been drawn up, they can partially pay off the mortgage debt.
Each branch of the bank requires certain documents before taking out a loan for maternity capital:
1) For participants of mortgage lending: a copy of the loan agreement or mortgage agreement.
2) For debt extinguishers:a copy of the loan agreement, a statement of the creditor on the amount of the balance of the principal debt and on the payment of interest, a copy of the mortgage agreement or loan agreement, a certificate of state registration of ownership of the house.
The money amount is transferred in a non-cash form tothe account specified in the documents of an individual, a cooperative, an organization acting as a representative of the borrower. The entire amount of money or part of it for family capital must not exceed the balance of the principal debt or the interest debt for using the loan necessary to acquire the right to a dwelling.
The resulting housing by family capital shouldbe located only within the Russian Federation. A loan for maternity capital is issued with favorable interest: from 8.8% to 11.05% per annum for up to thirty years. The conditions depend on the selected bank, the loan term, the availability of housing insurance, the amount of the initial installment.
The loan for maternity capital is calculatedemployees of the bank on the basis of submitted documents. The less part of the already available funds from the client and the longer the loan period, the higher the rate will be. Only to the received result the sum under the certificate is added. It is not necessary to address issues of lending to small banks, you can face troubles by making loans secured by maternity capital. It is better to choose a more reliable credit institution.
