Is it possible to repay a loan with maternity capital. How to repay a loan with maternity capital
How to pay off a mortgage maternal capital in 2018 - you will find a detailed answer to this question by reading this article.
One of the most common ways to use maternity capital is to improve family living conditions. At the same time, money can be used not only for the purchase of housing or its construction, but also for repayment of a mortgage loan. The clear advantage of this use is that no need to wait for the 3rd anniversary of the second child. A family can buy a house earlier or reduce the burden on family budget. The article will deal with all the nuances of using maternity capital to repay a mortgage.
Ways to use maternity capital in a mortgage
To date, the amount of maternity capital is 453 thousand 26 rubles. These funds, as a rule, are enough for 10-40% of the cost of housing, depending on the region of residence. The use of maternity capital can significantly save family funds and close the mortgage in a shorter time.
Capital can be spent on a mortgage loan in several ways:
- Payment down payment . According to this scheme, not all banks work, therefore, during the initial consultation, it is necessary to inform the bank employee that the down payment is paid at the expense of capital. In any case, most banks do not allow the use of capital as a 100% contribution. In this case, the borrower needs to pay at least 5% of the cost of housing at the expense of personal funds (it is only possible to raise capital this way after the child is three years old).
- Repayment of principal ahead of schedule. This method is interesting when a mortgage was issued before the right to maternity capital arose. It is most convenient for both sides. The borrower does early repaymentdue to which it can reduce obligatory payment or loan term. For the bank, such a procedure does not carry any risks.
- Payment of interest on a loan. Such a scheme is used extremely rarely. For the borrower, it is interesting only if it does not plan to make early repayment in the future. The bank also receives a guarantee that interest will be paid.
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Use of capital as a down payment
If a potential borrower plans to use maternity capital as a first installment, then it is necessary to choose a bank and a lending program that allows this.
The requirements for borrowers for such loans can be tightened, since the procedure carries a certain risk for a financial institution. It is not necessary to draw up a deposit or advance agreement before obtaining the consent of the bank.
In addition to the standard package of documents, a credit institution must also provide a certificate of maternity capital and a certificate from the Pension Fund, which indicates the balance of the account. After reviewing the documents and making a positive decision, you can set the date of signing the purchase and sale and loan agreement. Next, the procedure will look like this:
- After concluding the contract, you must register it with state registry, in accordance with applicable law.
- The registered contract is provided to the bank and it issues credit funds (non-cash transfer to the seller or giving him access to the safe, where the funds were pledged in advance).
- At the bank, the borrower receives a certificate of balance of debt, and together with other documents transfers to Pension Fund.
- The pension fund reviews documents (usually it takes up to two months). If approved, notifies the borrower and transfers the funds by bank transfer to the borrower's loan account.
- The bank recounts the schedule and, thus, reduces the mandatory payment.
The participation of maternal capital not only can significantly reduce costs equity when buying real estate, it also increases the amount of the loan, on which the borrower can count on the basis of his income.
It is possible to use capital as a first installment only if there has not yet been a single payment. If the withdrawal of funds has already been carried out, for example, for the education of the child, then you can direct capital only to repay the mortgage.
It should be noted right away that you can repay with capital only the loan that was issued to improve the living conditions of the family, and the corresponding intended use of the funds should be indicated in the contract. If the family issued a loan for their own real estate, and sent the money for other purposes, then it will not be possible to repay the remaining debt with capital.
A contractor can be a mother who has the right to maternity capital, or the father of the child, but only on condition that they are officially married.
To repay a mortgage, first of all, you need to contact the Pension Fund and issue the certificate for capital itself.
- Contacting the bank, where you need to inform about your intention to make an early repayment and get a certificate of outstanding balance. It is also advisable to immediately write an application for unscheduled repayment, as most banks require you to notify in advance of any repayments in writing more than the required payment.
- Applying to the Pension Fund and transfer required package documents, namely:
- a document that confirms the identity of the person holding the certificate (mother, father or guardian);
- application for payment of maternity capital in the established form;
- certificate of maternity capital (if it is lost, a duplicate must be issued in advance at the Pension Fund);
- loan agreement (the intended use of funds must be indicated, which implies improving the living conditions of the family);
- bank statement indicating the current loan balance;
- notarized obligation of the property owner to register housing for all family members after closing the loan and removing the burden of the bank;
- additional documents at the request of the Pension Fund (power of attorney, if the documents are submitted by a trustee; court decision, if one of the parents is deprived of parental rights, etc.).
- The Pension Fund accepts documents and issues a receipt to the applicant.
- The decision will be made no later than 2 months. After which the applicant will be notified in writing.
- If the decision is positive, the bank transfers the funds to the borrower's loan account. It is impossible to get maternity capital in cash, so attempts to cash in this way are futile.
During the period for consideration of documents in the Pension Fund, the applicant has the right to review his decision and annul his application. To do this, write a new statement.
If the borrower does not apply for recalculation of the schedule, then with the annuity schedule the payment will remain at the same level, but the loan repayment term and the final overpayment will be reduced. If you want to reduce the mandatory payment, you must contact the bank and write the appropriate statement. After changing the schedule, its new calculation should be provided to the borrower.
Maternity capital can only be used to pay off principal or interest. It is forbidden to use it to pay off any penalties.
If the amount of capital is sufficient to fully pay off the balance, then further steps must be taken to remove the burden. After that, the owner is obliged to fulfill his obligation and register the property in shared ownership of all family members. If this is not done, then the Pension Fund has the right to withdraw the payment in a judicial procedure.
Reasons for refusal
The pension fund may refuse the certificate holder for the following reasons:
- providing not all documents or filling out an application with errors;
- depriving the owner of the certificate of parental rights for the child, the birth of which became the basis for obtaining the right to maternity capital;
- the applicant has committed a crime against the identity of the child;
- restrictions on the use of maternity capital in relation to the guardian (if this restriction is temporary, then the guardian may submit documents upon its completion);
- social services took the child from the family.
In the first case, the issue is simply resolved: the Pension Fund will announce which documents are missing and what is incorrectly indicated in the statement. After resolving the errors, documents can be resubmitted. In other cases, the right to maternity capital may be lost.
Other reasons for the failure of the Pension Fund are unlawful.
The nuances of using maternity capital
- An application for payment of funds can be canceled, but you can not “change your mind” if the funds have already been transferred to repay the mortgage. Therefore, it is worth weighing in advance all the advantages and disadvantages of such a use of funds. If there is a likelihood of selling a collateral apartment after repayment of the loan, then it is better not to use maternity capital, as permission from the board of trustees will be required.
- A child can independently use the funds of maternity capital after reaching the age of 23, but only if the mother and father lose their rights to capital. Therefore, he can arrange a mortgage on his own or pay off his loan only if the specified conditions are met.
- If the borrower has enough maternity capital funds to fully repay the loan, then the borrower can initiate the return of paid insurance payments, which will also allow you to get additional funds.
The fact that in our country there is such a thing as “maternal capital”, we owe it to the government. This is how the country's concern for large families. In the period of low birth rates, a law appeared, dated December 29, 2006, “On Additional Measures” state support families with children ”, providing for a certain kind of assistance, for example, in providing money to married couples with children (two or more children). When spending money from the budget, there is always strict control. The practical application of maternal capital is narrowly targeted. But laws often change, periodically new laws appear that expand the boundaries of the application of this state support. Consider the following useful information: Is it possible to repay a consumer loan with maternity capital, what is the procedure for repaying a consumer loan using maternity capital and what are the ways to use maternal capital.
Is it possible to repay maternity capital consumer loans
Speaking of a consumer loan for the purchase of housing, it is worth understanding that this is a mortgage. Regardless of how old your second child is, what is the time frame for the loan, you can apply matkapital to repay the mortgage. It is important to consider the existence of certain difficulties. Among them:
- the initial payment cannot be made through the use of a certificate;
- when buying an apartment in a newly built house, you must have registration in Rosreestr;
- if the loan was taken neither by the father nor the mother, then it is impossible to repay it by applying a certificate.
Usually, capital is recognized as payment of a loan by powerful banking organizations. Most often, such financial institutions have established themselves in the eyes of the PF, because the latter is the holder of these certificates.
Is it really not possible to use certificates in other situations? According to the law, this capital can be used to change the layout of the house (apartment), to repair work carried out independently, without resorting to services to legal entities.
The procedure for repayment of a consumer loan by maternity capital
You can apply the certificate of matcapital in order to repay a consumer loan only with the mediation of the RF PF. With the goal of registering the use of the certificate, you need to send an application to the PF according to registration, and it is important to have with you:
- photocopies of passport, tax identification number and insurance number individual personal account of the holder of the certificate;
- a statement signed by the owner of the capital with the obligatory indication of the transfer of money in order to repay the loan;
- certificate of state registration;
- birth certificate of all children under the age of majority;
- marriage confirmation document;
- loan agreement and details of a banking organization to repay a debt;
- the separation of shares of the right to own property (that is, divided by each family member), confirmed by an obligation that the notary has certified;
- documented ownership of the housing you are acquiring.
You can repay your debt to the bank using matcapital. But consider the fact that laws are constantly changing. This problem is not the only one, there are still difficulties with the process of obtaining money from the Pension Fund. In 2017, 10 working days were given to transfer funds, the procedure is carried out in order of priority. This procedure can be delayed for more than one month. In this regard, when taking a loan, rely more on yourself.
In some cases, the Pension Fund Russian Federation refuses to transfer funds. Most likely, the refusal came because you violated the laws, or received subsidies, ignoring the allowed target areas.
Is it possible to take a consumer loan under maternity capital
There is an opportunity to obtain a consumer loan for capital. These funds can be obtained by a family, one of whose parents has Russian citizenship. When applying capital, it is important to arrange a loan for the one who owns the certificate (or at least for the second parent).
It is clear: it is impossible to use mothercapital in any case. There is a legalized list where you can send the money received and. This list includes:
- to improve the quality of housing;
- educate your child;
- put money as an investment in the retirement of one of the parents.
No other use is foreseen.
It is noteworthy that in certain regions of the country there are various programs for the use of matcapital (for example, for car loans, for treatment, and more). But this opportunity given to the following families - families with many children; families where one of the parents is absent; families that contain disabled people.
Another area covered by the use of mothercapital is the improvement of living conditions. This includes the purchase of a new house or apartment using a mortgage, and the exchange of one house (apartment) for another house (apartment) with a larger area (according to the legislation of the Russian Federation, for each family member living in the house there may be a minimum of 15 m 2). Also, if you are reconstructing or building your house, or maybe doing an extension, or you are buying an apartment in a recently built house, then your living conditions.
Do not think that if you bought a piece of land, or did home decoration work, or replaced plumbing and the like, that means you have improved your living conditions, and therefore you can count on mother capital.
By taking a loan in non-cash form, you can repay it with capital. Because government program Support veto use in the form of cash.
Previously, you could use a one-time payment of funds. That is, you could receive cash. And then spend them at your discretion without state control. Two years ago, you could take advantage of this exception and get 25 thousand russian rubles. About 1 million government program participants took advantage of this in 2016. In 2017, it became known that they would not extend this practice. Since the Ministry of Labor noted that the incomes of the country's population have risen sharply. On the one hand, this is good, but from a macroeconomic point of view, this can have a negative impact on the economy as a whole.
But now, using the loan capital, be sure to follow the purpose of obtaining a loan (it can be found in the loan agreement), because without the purpose the PF will not transfer the funds. At each bank, you can ask for help and you will be advised. Do not doubt that you can repay the loan with maternity capital, most importantly, comply with the conditions prescribed by law.
Maternal capital (MK) is the state program of the Russian Federation, the main task of which is to provide financial support to Russian families who decide to have a second and subsequent children. The document confirming the right to receive funds under this program is a state-issued certificate. The list of targeted use of maternal capital is approved by law.
Purpose for which maternity capital can be used
The questions most commonly asked by certificate holders are:
- Is it possible to cash out maternity capital;
- Is it possible to put maternity capital on deposit;
The answer to the first two is unequivocal - no. Moreover, illegal manipulations in resolving these issues entail criminal liability. To answer monosyllabic to the question of whether it is possible to repay a loan by maternity capital, it will not work, a detailed review of the situation is required.
The goals for which MK can be spent:
- Improvement of housing conditions;
- Obtaining education, health services;
- The increase in the funded part of the pension.
The law stipulates that repayment of the loan by maternity capital is possible only in one case, if it was taken in order to improve housing conditions, namely:
- Reconstruction of residential premises with an increase in its area;
- Independent construction of a new residential building (including the purchase of materials, remuneration of workers, etc.);
- Share building;
- Repayment of a mortgage loan, including previously taken.
Can maternity capital pay off consumer credit
Condition: it is necessary that the loan agreement clearly states that its purpose is acquisition or construction living quarters. Otherwise, if the purpose of the loan is not stated, it is not possible to repay it with funds from the parent capital, even if the borrowed money loan was spent on housing.
You can’t pay off a PC with the name of the construction topic, for example: “New repair in new house”,“ We \u200b\u200bbuild inexpensively ”, etc., by maternal capital, if the loan agreement does not indicate that the loan was taken to improve housing conditions. The name of the PC is not a basis for redemption at the expense of MK, if the purpose specified by law is not specified in the contract.
Video: how to spend maternity capital to repay a loan:
What other conditions must be met to realize the possibility of repaying a loan with funds from MK
A loan must be issued only to the certificate holder or his legal spouse. You can’t repay a loan issued to any of your relatives (including mom and dad) with your maternal capital, even if they took a loan to improve your living conditions. The rule is repeated: it is important what is written in the contract, and not what is agreed orally or implied.
Common "family issues" when purchasing housing at the expense of MK
- Is it possible to repay mortgagetaken to purchase housing in the property of the first child, at the expense of MK received for the birth of the second?
Answer: no, since MK can only be used to improve the living conditions of all family members.
- Is it possible to repay a mortgage loan issued for a husband, maternity capital, issued for a wife?
Answer: yes, since all family members in equal shares will become owners of the acquired property. In this situation, MK is considered as family.
- Can I use MK to purchase real estate from relatives (parents, brothers and sisters, aunts, uncles, etc.)?
Answer: yes, the law of the Russian Federation does not prohibit such transactions. Condition: relatives are completely deprived of the property right. There is a nuance: housing purchased with MK funds is divided in equal shares by all family members, including children, and under the law of the Russian Federation minor children are not entitled to make purchase and sale transactions with close relatives.
However, this prohibition can be circumvented if the apartment was initially acquired only by the certificate holder, but with the proviso that he undertakes to include seven of his other members (for example: husband and children) within 6 months from the date of the transaction. And in order for a minor child to become a co-owner, that is, the owner of part of the housing, you can use the gift agreement.
- In what situation can a purchase and sale transaction with relatives at the expense of MK be invalidated?
Answer: In the event that it did not lead to an improvement in the living conditions of the family - the owner of the MK. Example: a young family lives with a grandmother who owns an apartment.
After receiving the MK, the family buys the apartment from the grandmother according to the documents, in fact, the money is spent on other needs (for example: buying a car, traveling, etc.). In fact, the young family did not improve their living conditions, since the grandmother continues to live with them, just now she is not the owner. Such a transaction will be recognized as fictitious, and a criminal case will be opened on the fact of fraud.
What are the requirements for the property, which is planned to spend MK
- The facility should be located on the territory of the Russian Federation;
- The facility must be suitable for living;
- An object under construction should be at least 70% ready.
Why such harsh conditions regarding the question: Is it possible to repay a loan with maternity capital
The state takes care of the intended use of the funds allocated to it to the population, therefore, takes all measures to exclude any possibility of their illegal use.
Maternal capital, as one of the forms of state support, cannot be used by owners in any direction. A special list of possible expenses has been developed. budget money. A sufficiently relevant question today is whether it is possible to repay a loan with maternity capital, will be considered in this review. We will talk more about the features of the procedure and legislative restrictions.
What does the law say?
Relying on current legislature (Federal Law No. 256 Article 7) it becomes clear whether it is possible to repay a loan with a bank by maternal capital, but not all types of loans are allowed. Immediately, we note that any cashing out of funds is an unacceptable event, therefore organizations, persons participating in such fraudulent frauds are subject to punishment in the form of administrative or criminal liability. So, article 7 describes in detail the list of acceptable goals for spending capital, namely:
- Home improvement.
- Obtaining educational services.
- Pension accumulation for women.
- Purchase of goods / services for the social adaptation of children with disabilities.
- Treatment, rehabilitation of the child.
- Receiving monthly payments to those families who are in dire need of it (the opportunity will appear already during 2018).
The law does not limit the use of funds simultaneously in several directions. So, the first item from the list gives direct permission for lending to citizens who want to acquire an apartment, a house and, thus, improve their living conditions.
We emphasize that the current expenses of the family, for example, food, repairs, furniture, etc. cannot be paid at the expense of the capital. A more detailed explanation of the disposal of the mat. capital in accordance with the chosen direction contain Regulation No. 380 and Rule No. 926.
What loan can be repaid by maternity capital?
A loan using maternity capital can really help young families solve the housing problem. Budget money is not forbidden to pay:
- An initial fee.
- The body of the loan.
- Interest on the loan.
Moreover, it is permissible to send a subsidy even to pay for an existing loan. But there are some limitations. As noted above, not all loans can be repaid by MK. The FIU carefully examines the applications of the owners and does not transfer money if the loan does not meet the purpose, based on legal principles. So, potential borrowers are encouraged to initially study special lending programs developed by banks, as well as government requirements for their form.
More than 10 participants ( banking organizations) Today . The most popular of them is the mortgage, which provides for the improvement of the recipient's housing conditions. There are also programs with state support, where interest rate significantly different from the standard terms of lending, but let's talk about everything in order.
Lending programs
To the most common offers banking institutions relate:
- Housing (targeted) loans and mortgages. Permissible to use MK. Profitable terms. Waiting for a child to reach 3 years of age is optional. It is important for bankers that a potential borrower have a residence permit in the region where the lender is present or have the opportunity to submit a certificate of temporary registration. It is possible to purchase housing in the primary, secondary market, under an agreement on participation in shared construction. After the acquired apartment, the house becomes the official possession (in shares) of all family members.
- Loans for vehicles. To date, the State Duma is considering a bill that allows the use of mother capital for purchase vehicle on credit. True, it is impossible to sell a car according to the document for 3 years from the date of its purchase. Another limitation is the inability to purchase a car of a foreign manufacturer (only the domestic auto industry). However, while the law is not pleasant, it is therefore impossible to spend even part of the maternal capital in order to obtain a loan for vehicles.
- Targeted consumer loans. If the program consumer lending is targeted in the field of improving housing conditions, for example, a loan for the reconstruction of a house, the FIU is likely to allow the use of matkapital. In this case, we mean a clear change in the living space (extension, construction of the attic, attic, etc.), i.e. not just replacing pipes and wallpapering.
- Consumer loans without the need to determine the purpose of the use of funds. Registration credit cards, consumer loans cash using a certificate is an invalid action. It is not allowed to cash out and spend federal money for any family needs.
- Microloans. Since 2015, MFIs have been prohibited from working with matcapital, despite the participation of some companies in mortgage projects. The fact is that fraud is widespread in this area of \u200b\u200blending, there is an irresponsibility of certain “players”, therefore such stringent requirements have been put forward. But you can apply to credit cooperatives if the organization has experience of 3 years or more in this field. It is possible that in the future, MFIs will return the right to lend to the population using MK, because already, the legislation of microfinancing is being improved, a “purge” is being carried out in relation to illegal companies.
- Social and trust programs. Since 2016, another item has appeared in the list of possible areas of matkapital - spending money on social adaptation, integration of disabled children in society (law No. 348-FZ). So, if the lending program is associated with this area, then there can be no ban on the use of budget funds. Money from state aid can be spent up to 3 years from the moment the rights to MK appeared. Initially, the family will need to pay, for example, the purchase of a particular product, service, and after the FIU will return the money spent as compensation. The list of goods is reflected in Order No. 831-r.
State requirements for a loan that can be repaid by capital
The state in the person of the Pension Fund of the Russian Federation puts forward a number of requirements for holders of MK certificates. They should be taken into account by citizens who are wondering about obtaining a loan and do not understand whether it is possible to repay maternity capital with a consumer loan in a bank. Consider general rules in accordance with separate view loan:
Type of loan | State requirements |
Housing loan | Families with two or more children are allowed to obtain loans such as: mortgages, special-purpose loans for the construction, reconstruction of the house. AT loan agreement must reflect the purpose of obtaining borrowed money. Applications for the purchase of an apartment, for example, in an emergency building are rejected. Each of the children of the family becomes the full owner of part of the property purchased on credit according to the shared distribution |
Credit for the purchase of goods | If the goods you wish to purchase are not included in the list, reflected in Order No. 831-r, the PFR does not refund the certificate holder. Transactions outside the Russian Federation are also unacceptable |
Credit for services for the rehabilitation of children with disabilities | The general list of measures is contained in Order No. 2347-r. This includes: medical, psychological, pedagogical, physical education, social and other services necessary for the implementation of rehabilitation, treatment of children with disabilities. Lending with the use of capital is an acceptable action. It is mandatory to fill out the form of the IPR section, indicating a specific service. The program must be valid on the day you receive the service |
When can the FIU refuse to transfer family funds?
Now you know whether it is possible to repay a consumer loan with maternity capital, what are the requirements of the state, what are the features of the procedure. However, there are situations when the FIU may refuse to transfer a state subsidy, despite the correctly chosen goal of its potential spending. Rejection of the application will follow in the following cases:
- The owner of the certificate provided false information about himself, filed fake documents, distorted data about the property.
- Increased the cost of purchased goods from the list presented in the relevant government orders.
- The loan agreement between the bank and the borrower does not include the purpose of the loan.
Attention! Up to 10 years of imprisonment (article 159.2 of the Criminal Code of the Russian Federation) can be sentenced for cashing out money from the capital through fraud. If the amount of cash withdrawn is not too large, a fine is applied.
Terms and conditions of granting funds for repayment of loans
The program on maternity capital was extended until the end of 2021. It is permissible to apply for a loan in accordance with permitted purposes, for example, to improve housing conditions from the moment of receipt of the certificate. You can also use it to repay an existing loan, which was issued before the birth of the second or subsequent child. It is possible to repay the MK loan as a down payment, interest, part of the main debt, even ahead of schedule.
The article will reveal the main points related to repayment of a consumer loan in a bank by maternity capital.
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Will it be possible to repay it in such a way as to use it, and where it is more profitable to take a loan - further. The use of budget funds is strictly controlled by law.
New bills allow directing funds to the needs of families with 3 or more children. One of such opportunities is repayment of MK loan in a bank.
Highlights
At the moment, many citizens of the Russian Federation are burdened with a loan obligation. To resolve the situation, they turn to the bank for a consumer loan.
In the future, some of the borrowers will encounter difficulties in paying a monthly fee.
If the borrower is the happy owner of the certificate for MK, then he is interested in the question - is it possible to repay maternity capital for housing or other needs?
To know when the loan can be repaid by maternity capital under the law, you should deal with lending programs and requirements. One of these loans is housing.
The requirements for it are as follows:
- a loan is taken for the purchase, construction or repair of family housing;
- the agreement must indicate the purpose of the loan;
- housing should not be emergency;
- housing must be registered in the property - each child must become the owner of the share.
To improve living conditions by issuing a loan under maternity capital, the certificate holder must do the following:
- select real estatethat meets the requirements of sanitation standards - in case of purchase of living space on the secondary market, make sure that it is not emergency;
- to get acquainted with all banks that provide such a service;
- to collect the required documentation for signing a loan agreement.
The loan is repaid by maternity capital at the request of the owner. It is served in the Pension Fund.
To get a target loan, you need to collect the following package of documents:
- certificate for maternal (family) capital;
- a certificate from the Pension Fund about the balance of funds;
- borrower passport;
- (or its termination);
- on purchased property -, bank account and others.
The Pension Fund will need such certificates:
- pension insurance certificate;
- photocopy;
- photocopy.
These documents are required in order for the PF to dispose of maternity capital funds to repay the loan.
Both the holder of the certificate (more often it’s the mother of the child) and her spouse, who took out a loan from the bank to acquire living space, are entitled to use MK funds to repay the loan.
The bank is not obliged to accept the certificate as a down payment, but it is not entitled to reject it.
The use of maternity capital to repay a loan (loan) is possible only 1 time. In addition to the federal MK, there is a regional one.
It is paid after the appearance of a third child (and further children) in the family. Receiving one benefit does not exclude receiving another. There are more goals for which you can use maternal capital at the regional level.
A loan is more preferable than a mortgage. Features of such a transaction:
- registration as a loan for the construction or purchase of finished living space;
- the registration process is easier - no need to provide or bring guarantors;
- there is no down payment, and sometimes interest;
- commission for the bank is minimal;
- living area Do not lay the jar like.
Purchased property under a loan agreement should significantly improve the living conditions of the family.
If the loan was taken before the birth of the child, then the maternity capital is also allowed to repay it - in part or in full.
Required Terms
Who can get the certificate
Obtaining a certificate is possible by a family in which at least 1 of the parents is a citizen of the Russian Federation.
Direction of funds for loan program possibly for a loan issued to the certificate holder or the second parent ().
The family in which the second and subsequent child was born (or was adopted) is entitled to receive a certificate. They can get it:
The guardian will not be able to receive the certificate.
Current regulations
How can I use MK
The legislation allows the use of MK funds for specific purposes. It:
- purchase of living space for a family;
- repair or construction of a house;
- payment of participation in;
- payment of down payment for a loan or a loan;
- repayment of the main debt or interest on it.
Credit (including mortgage) and maternity capital are inextricably linked. At the moment, legislation allows you to take a loan or credit, paying with funds.
Where is better to take a loan
The most reliable option for taking a loan under maternity capital is to contact the bank. He gives out not only a long-term loan, but also short-term loans.
Banks issue them under mortgage collateral - on the security of the property that will be acquired. One of the reliable banks is Sberbank.
Video: maternity loan repayment denied
The requirements for the borrower are standard - at least 21 years of age, solvency and permanent registration in Russia.
Sberbank issues a loan in the amount of 300 thousand rubles, for a period of 1 year. To be safe, a loan under maternity capital is still issued for a period of 5 years.
The only negative is that Sberbank does not issue a mortgage without a down payment. At the moment, it makes up 15% -20% of the total cost of housing.
In other banks, the conditions for granting a loan and repaying it at the expense of maternity capital practically do not differ from Sberbank.
How can I pay a loan at the expense of MK
The funds of the certificate are allowed to be used to make an initial installment on a loan.
The loan repayment terms are as follows:
To repay a loan, you must write an application to the Pension Fund. In addition, you will need to collect some documents:
- certificate confirming the availability of maternity capital funds;
- bank account number;
- certificates confirming the taking of a loan, as well as an extract on the amount of debt;
If the loan was issued by the father of the child, then his passport and marriage certificate will be required. PF employees will review the application for about 14 days.
If the decision is positive, the funds will be transferred to the bank account. When the debt is fully repaid, they will be removed from the purchased property, and the certificate holder will have to register the living space as a property within six months.
When the funds are transferred to the borrower (and not when the contract is signed), interest will be calculated for their use. They are also repaid by maternity capital.
Thus, maternity capital funds are allowed to be used for purposes clearly established by law.
Repayment by means of MK loan is allowed if its purpose is the purchase of living space or its construction.
You can’t buy housing from relatives, this is an illegal way to cash in maternity capital.
You can pay maternity capital with a loan from the mother of the child or father. If the agreement is drawn up for any of the relatives, then it will not be possible to repay the loan in this way.
The text of the agreement must clearly indicate the purpose of the loan. If it is inaccurate, it will not be possible to use maternity capital to repay it.
If the loan is not related to the purchase of residential real estate, then maternity capital cannot be used.
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