A certificate of closing a loan - what is it for and what it contains
How to close a loan correctly?
The loan closing certificate provides information on the full repayment of the loan.
This statement may be needed in different life situations, if you need another lending or for your own peace of mind that there is no outstanding residual amount in rubles, which will increase like a snowball from fines, and can spoil relationships with other banks.
Correctly closing such an important procedure as the very registration of the loan. The last payment according to the schedule developed by the bank is not always a confirmation of the complete absence of debt. There are moments in banking transactions that customers are not notified about.
The loan account ceases to exist after:
- making the last installment;
- disconnection of consumer services;
- receipt of an application with a request to close the loan.
Only the certificate is an official confirmation that bank managers do not continue to use the client as a service unit to receive bonuses in the form of artificially inflated statistics and improved indicators. In addition to the existence of an outstanding debt, if it became necessary to make a request to another financial institution in order to find out the purity of a citizen's credit history, it is possible that penalties are imposed on the residual amount, from the lack of transfers for continuing messages, and other services unknown to the borrower.
You can stop troubles from an unforeseen situation as follows:
- Come to the lender's office, where the contract was concluded and the money was received, for an extract. It should contain complete information about the payments made, the number of debt write-offs. The paper has an official form, certified by the seal and signatures of authorized officials. The borrower will be able to confirm the reliability of the transactions with his receipts for timely transfers.
- Submit an application for a certificate confirming that the debt has been completely closed.
- To demand the disconnection of all banking services, they were paid by the user throughout the entire period for providing a card or credit supply, sending messages with the help of service personnel. If the services continued to operate without payment, they were subject to mandatory fines.
- To get rid of a credit card, you have to find out the debt to the last penny on the spot, otherwise it will continue to function as a basis for new penalties.
Verbal confirmation of the bankers about the absence of debts does not mean anything, only a written justification signed by the head will be able to get rid of the lingering debts in the future and keep the credit history clean. The manager is obliged to destroy the credit card after the handover.
In what order the document is issued
Some make out after receiving a written request, for others, a phone call is enough:
- Managers issue a certificate on the same day the client contacts.
- Sberbank needs a week to fill out the form.
They cannot drag out more than 2 months in any case, there are institutions that require payment for providing information on closing their own account.
In order for the mechanism of influencing bankers to work, it is necessary:
- To fill out an application, its sample must be provided by the banking personnel, after all, they are paid a salary due to the presence of a clientele, which means that some interest came from the applicant.
- In the header of the application, it is indicated to whom the request is addressed, on whose behalf the message with the payer's details is drawn up.
- The descriptive part fully indicates the reason that prompted the closure of the account. This can be the full repayment of the loan or the end of the card's life, and a new one is no longer needed.
It is better to fill out the application in duplicate, in order to keep one, it must be affixed: the date of submission and the signature of the employee, certifying the acceptance of the paper.
Official reference form
Legislators did not consider it necessary to develop a special form for bank statements, it is enough that there are rules for office work. Bankers are allowed to decide for themselves how to provide statements on official letterhead or fill out the document at will.
In any case, it is necessary to indicate there:
- date of data processing;
- the name of the credit institution with payment and contact details;
- information about the time of the conclusion of the contractual agreement;
- the full name of the person with whom the loan agreement was concluded;
- on what conditions the amount of cash equivalent was issued;
- payment history, when the last installment was received, the fact of termination of the agreement.
If the certificate is filled out on letterhead, a seal is not required, but the signature of the authorized person is required, as well as the date of issue of the paper. The consumer loan should automatically close with the receipt of the final payment to the bank. You will have to work with the credit card to make sure that there was no reissuance of the new form.
Who has the right to request an extract
Loan funds are issued under different conditions. If the presence of guarantors was required to complete the transaction, unspoken obligations are imposed on them in case of refusal to repay the debt by the main borrower.
Therefore, all participants can request and receive a certificate:
- guarantors;
- main client;
- pledgers.
Certificate confirming that the debt is closed
To protect funds, bankers resort to various collateral, real estate or expensive property of a person who trusts the recipient of the loan can be provided as encumbrance.
For your peace of mind, you need to demand from the financiers, after the full settlement of the loan, to remove the collateral, this is confirmed by an extract specially drawn up for this case.
Whoever requested a certificate, it should be documented whether all services and accounts in the name of the borrower are closed, and if they are not in the plans, use them, it is better to close them in time so as not to spend the family budget on the maintenance of the bank's operators. There is no secret that bankers may not specifically report the remaining kopecks on the account, make a claim in the event of fines and penalties.
Feature of early repayment of debts
Banks operate with the sole purpose of generating income.
By issuing money in installments, they protect themselves from unscrupulous payers:
- increased interest rate;
- insurance of the credit mass, which is paid by the borrower, but in the event of bankruptcy, the lender will receive the refund.
In order to receive a reward for the amount given to the client, the conditions often include a requirement that it is impossible to repay the debt early.
This can be expressed:
- By prohibiting full payment for a period specified by the bank, the receipt of contributions is distributed according to the developed schedule, which the payer must adhere to.
- In the loan agreement, which provides for the obligations of each of the parties that entered into it, as well as the early receipt of full payment or monthly payments.
No one is prohibited from transferring money to the bank, only the debiting will take place within the time frame provided for with the accrual of the due interest
If the agreement stipulates in advance the requirements for the receipt of early payments, you must familiarize yourself with them before signing the obligations, but when such a moment is missed, you have to consult with the bank, at the same time order a certificate of termination of the agreement, closing the account.
Credit limitation period
To eliminate the manifestation of undesirable consequences, the consumer of the loan has to:
- keep all payment documentation throughout the entire life of the debt;
- take into account the difference between the dates of the transfer and the debiting of the amount from the account;
- a request for a statement of payment history should be made after the full repayment of the loan;
- to make a certificate of early payment for the period provided by the bank, take the exact figure that is able to repay not only the main loan, but also the accrued interest, so that they do not serve as a reason for calculating fines.
According to legislative provisions, the credit will not disappear for 3 years. This is the time you need to keep receipts related to the loan agreement. A certificate, as proof of the absence of material obligations, can be useful for resolving a dispute or obtaining another loan. You shouldn't save on a paid statement. From legal practice it is clear that sometimes it is she who serves as an argument in court proceedings when a conflict arises between the creditor and his client.
Video about closing loans:
May 15, 2018 Help guide
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