Since 2007, Russia has a support system,which is designed for families where 2 or more children are being raised. The main goal of the mother's family capital is to improve the life of its owners. The 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 so farmany 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 subtleties of this procedure, there will be no difficulties. Loans are made for the construction or reconstruction of residential facilities, 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 capitalin 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.
Transfer of funds from a financial institution toThe recipient is supervised 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 Receivingmother capital was adopted with the aim of 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.
According to the law, it is allowed to pay with money fromthe parent capital of the mortgage, which is issued before the birth of the second child. And it does not matter who the loan was issued to: the mother or father. The state has not established any restrictions on this issue.
Legality of the transaction
The Pension Fund monitors whetherthe rule of law, under which it is possible to draw up a loan for maternity capital. The feedback confirms the need for 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 can be related 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 Pensionof the fund, nevertheless 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 the money you needreturn with interest. Credits 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, but withthe birth of the second child should be paid by the debt with the help of the parent capital. If the house will be built independently or reconstructed, then the necessary funds will be obtained 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 carried out by a non-cash method: the Pension Fund transfers the funds of the organization that issues the loan.
Making a loan before the age of three children
Under the law, issue a housing loan for the mothercapital can be after execution to the second child of 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 there wasa draft law was adopted, according to 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, then 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 mainpart 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
Targeted loan for maternity capitalThe reconstruction of the house, which is already in the property. 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 spenton the replacement of windows, plumbing, floor, wallpaper. Use of funding can be after the execution of 2 children 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 under the parent capital, you need to familiarize yourself with the limitations. At its registration it is necessary to fulfill several PF requirements:
- The 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 the right to use it.
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 family's income are summarized.
- Over the next 6 months, you need to file an application with the FIU about the transfer of funds to pay the mortgage. It must be done as quickly as possible, since interest is transferred from this amount.
Such loans are also offered in other banks. Conditions in each institution may differ slightly, but the whole procedure is similar. If customers meet all the requirements, then they are approved for loans.
To issue a loan for maternity capital - in the Savings Bank 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,A young family acquires their own comfortable housing. Before registration, it is necessary to familiarize yourself with the terms of the loan, so that later no difficulties arise. It is advisable to review the programs of several banks, and then choose the most suitable one.
Before you transfer the certificate, you needdecide for which sphere money is needed. After all, in addition to improving 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.