Since 2007, Russia has a support system that is designed for families with 2 or more children. The main goal of the mother's family capital is to improve the lives of its owners. Funds can be spent on improving housing conditions, paying for the education of children or forming a mother's pension.
The program has been working for 10 years, but still many people do not understand the principles of its use. Now you can get a loan for maternity capital. The testimonies testify that if you know all the details of this procedure, there will be no difficulties. Loans are made for the construction or reconstruction of residential properties, as well as for their purchase. Now there is an opportunity to issue a mortgage at a favorable interest.
The concept of
Many make out a loan for maternity capital in cash. This is a financial transaction, in which the bank provides specific amounts to the family. Maternity capital is used to pay off a loan or close a debt.
The transfer of funds from the financial institution to the recipient is controlled by the Pension Fund. He also approves applications. If the fund has allowed to transfer funds to pay the loan, then you need to choose the right bank and arrange a deal.
Types of loans
The state program for obtaining maternity capital was adopted with a view to helping the families in which the second child was born. The state provides a list of directions for obtaining it. It is important to issue a targeted loan, which involves specifying in the loan agreement itself the direction of using the funds. Reports must be submitted to the social protection authorities.
A loan can be obtained to improve housing conditions. You can use it on:
- Getting a mortgage.
- Participation in shared ownership.
- Construction of housing independently.
Under the law, it is allowed to pay money from the parent capital of a mortgage, which is registered before the birth of the second child. And it does not matter who the loan was issued to: a mother or father. There are no restrictions on this issue by the state.
Legality of the transaction
The Pension Fund monitors whether the norms of the law are complied with, under which it is possible to draw up a loan for maternity capital. The reviews confirm the need to conclude a legitimate deal, since violations in this area are severely punished. Credits are issued after the application is approved by the Pension Fund. Only then will the transaction be considered legal.
Refusal in payment of funds may be due to the following reasons:
- Incorrect application filling.
- Errors in the documentation or illegal documents.
- Non-purpose application of the loan.
Use the loan strictly as directed. And it is confirmed by official documents.
Cases of failure
Although confirmation is required from the Pension Fund, the banks also put forward their conditions. Only if they are observed, you can get a loan for maternity capital. The reviews confirm that it will not work out in the following cases:
- There is no stable income.
- There is no official salary.
- There are difficulties with the payment of previous loans.
The Pension Fund considers the application for 2-3 months. If you build your own housing, then you need to file documents before the construction season begins. The procedure for obtaining funds is rather complicated, but clients are provided with long payment terms and low rates. Some banks offer special conditions and preferential programs for large families. On them there is an opportunity to issue a profitable mortgage.
A loan is called getting money, which you need to return with interest. Loans are provided only by banks, and loans are issued by financial institutions, individuals, the state. This is the difference of services. Under what conditions is a loan for maternity capital drawn up? The testimonies indicate that you need to spend money to increase the square meters of housing or a purchased object.
The loan can be issued earlier, and with the birth of the second child, you must pay the debt with the help of the parent capital. If the house will be built independently or reconstructed, then the necessary funds will be received in the PF 3 years after the birth of 2 children. A target loan for maternity capital is issued on the basis of the norms of the Civil Code of the Russian Federation. The certificate allows you to pay the principal amount and interest. The procedure is performed in a non-cash way: the Pension Fund transfers the funds of the organization that issues the loan.
Making a loan before the age of three children
By law, a housing loan for maternity capital can be issued after the execution of the second child 3 years. But in this case there is a way out, when you can use the funds after receiving the certificate. If the money is spent to buy housing, it is better to choose mortgage lending.
As already mentioned, about two years ago, a bill was adopted, under which it was possible to use the money of the parent capital on the already issued mortgage, and also to transfer the first payment after the appearance of the second child. If you make these funds, this reduces the timing of settlement with the debt. This opportunity makes it easier for families who have not settled the housing issue.
Maternity capital allows you to close the bulk of the debt and interest. If there is a delay, fines, penalties, they will have to be paid for independently. From the funds prescribed by law, it is possible to pay for the housing loan for maternity capital, as well as for its part. Some amount can be left, as it is indexed every year.
Construction and repair of housing
A target loan for maternity capital for the reconstruction of a house that is already owned. But it is necessary to properly design these works. When they are implemented, they must be documented. Repair work involves an increase in the residential area of the building.
It turns out that the funds can not be spent on replacing windows, plumbing, flooring, wallpaper. You can use the financing after the execution of 2 children for 3 years. But the work can be done earlier. It is necessary to coordinate actions with the FIU and confirm all expenses documentarily, and from the 3rd anniversary of the child receive compensation.
Before taking a loan for maternity capital, you need to familiarize yourself with the limitations. At its registration it is necessary to fulfill several PF requirements:
- Purchased property must be the property of all children and parents in equal shares.
- It is possible to pay off the debt issued before the receipt of the certificate.
- You can not pay debts from microfinance organizations.
- Although the certificate is given to the mother, the father and the person who adopted the children have rights.
Making a loan in Sberbank
Issued a loan for maternity capital in the Savings Bank. This procedure has the following features:
- The bank must ensure that the customer pays the debt. Therefore, it is necessary to prepare a confirmation of solvency.
- The amount issued by the bank, as well as the means for the certificate with the income of the family are summarized.
- Over the next 6 months, you need to file an application with the FIU for the transfer of funds to pay the mortgage. You need to do this as quickly as possible, since interest is transferred from this amount.
Such loans are offered in other banks. The conditions in each institution may differ slightly, but in general the procedure is similar. If the clients meet all the requirements, then they are approved by the loans.
In order to get a loan for maternity capital - in Sberbank or another institution - it is necessary to collect some documents. Their list includes:
- Passports of spouses.
- Marriage certificate.
- Loan agreement.
- References from the bank.
- Application for payment of a loan.
- Certificate of ownership.
- Confirmation of transfer of funds by a non-cash method.
Taking an urgent loan for maternity capital, the young family acquires its own comfortable housing. Before registration it is necessary to familiarize yourself with the terms of the loan, so that later there would be no difficulties. It is advisable to review the programs of several banks, and then choose the most suitable one.
Before transferring the certificate, you need to decide for which area the money is needed. After all, in addition to improving the living conditions, the program is designed for other purposes. It should be borne in mind that the amount increases annually. This money is an excellent investment in the future.