How to get a mortgage from VTB: advice for potential borrowers, bank requirements, instructions

Description of the mortgage lending program based on two documents

“Victory over formalities” is the name of the mortgage program, according to which a loan decision is made on the basis of only two documents.

The loan is provided for a fairly long period - 20 years , the loan amount is also impressive - up to 30 million rubles . Moreover, the loan received can be used not only to purchase housing, but also to refinance an existing loan from another bank.

But there are certain conditions that the borrower must comply with in order to participate in this program. The first and most important thing is the size of the down payment; it must be at least 30% of the value of the purchased property.

Not only employees, but also business owners and individual entrepreneurs can participate in the program. Among the latter, by the way, this program is in great demand, since there is no need to collect a huge amount of credit documentation.

VTB 24 victory over formalities: conditions in 2020

When applying for a mortgage, it becomes necessary to provide a large number of documents. This is understandable, because we are talking about fairly large sums.

A large financial organization in Russia offers to take advantage of the “Victory over formalities VTB 24” program.

The unique offer is valid on the territory of the Russian Federation and provides for the issuance of a mortgage when the client provides a minimum package of documents. This allows users to take advantage of mortgage lending services on favorable terms.

In order to calculate your capabilities under the “Victory over formalities VTB 24” program, a calculator is provided on the company’s official website free of charge.

If necessary, you can consult with bank employees. Experienced specialists will conduct an informational conversation to inform the company’s client.

The user undertakes to study the terms and conditions before signing the agreement and confirm his agreement with a signature.

This service is quite serious, so many financial and legal experts recommend first consulting with a qualified lawyer. This will avoid unexpected financial expenses in the future.

Loan terms or 2 documents

The mortgage loan procedure is simplified for clients who can prove their financial solvency to bank employees without any problems or delays. Only those users who can make mandatory payments every month are eligible for the program. Please note that interest rates in this case are practically the same, but this criterion is not the main one.

VTB 24 victory over formalities conditions:

The total loan amount is at least 600 thousand rubles. and no more than 15 million rubles. For residents of St. Petersburg and Moscow – no more than 30 million rubles. The maximum limits for the mortgage program are individual and depend on the client’s income level.
Mortgage terms also vary.
Almost all clients take out a loan for 20 years in order to reduce the monthly amount. The financial institution considers the capabilities of each applicant individually, providing the most favorable conditions for cooperation.
For almost all clients, the mortgage lending rate under this program is 13.6% per annum. There are several options that allow you to lower your interest rate, even though it is already not high.

Loyal conditions are provided for holders of salary cards from this financial organization. There are advantages for people who purchase housing through real estate companies that are partners of the bank. Maternity capital can be used to reduce the loan amount.

When the principal debt decreases, the monthly obligatory payment also decreases.

Not all users are eligible for the preferential program, but only those who meet certain requirements:

Age indicators from 21 to 70 years.
Have at least 1 year of work experience in your last position.

These conditions apply not only to the applicant, but also to co-borrowers: spouse and guarantors.

You should also pay attention to the fact that when applying for a mortgage, increased requirements are also imposed on the level of monthly income.

The general rules of the program provide for the following criterion: the person applying for mortgage lending must receive at least twice the mandatory fee per month.

If there is debt in other financial institutions, a mortgage will not be issued. There will also be a refusal if the applicant has dependents as support. This proportionately reduces his income. In order to increase the level of creditworthiness, guarantors and co-borrowers are attracted. Up to 5 people can take part in the transaction, which increases the chances of receiving a loan.

Registration procedure

In order to go through the procedure for obtaining a VTB 24 mortgage loan “Victory over formalities,” a client of a financial institution must provide only 2 documents: SNILS and a passport.

Despite the fact that you do not need to carry any other papers with you, the applicant must fill out special forms in which he enters all the necessary information. Bank employees check the information received using a special multi-level program.

If false information is received, the bank blacklists the client.

The credit history of the applicant is of great importance when deciding on an application for mortgage lending. It is by this criterion that the capabilities of a citizen who has applied to the bank are assessed.

Among the most common reasons for loan refusal are:

Complete or partial non-compliance with the stated requirements.
Insufficient salary level and lack of solvent guarantors.
Providing false information to the bank or having a negative credit history.

Requirements

The conditions for providing a mortgage loan under the “Victory over formalities” program are not very different from the conditions of other mortgage programs.

What documents are needed:

application form;
passport of a citizen of the Russian Federation;
original and copy of SNILS. If the borrower is a military person, or an employee of the Ministry of Internal Affairs, the Ministry of Emergency Situations, the FSB, and is not required by law to have this document, then he must provide a TIN. Its number is indicated in the application form;

Borrowers under 27 years of age must present military ID.

If a foreign citizen wishes to participate in the program, he must present:

passport of a foreign citizen;
a notarized copy of the passport;
notarized translation of the passport into Russian;
visa or migration card;
original or copy of a driver's license, or international passport (original and copy of pages with personal data).

Bank employees may also additionally request a marriage certificate or marriage contract.

If the purpose of obtaining a loan is to refinance another loan, then it is necessary to provide VTB employees with a certificate from a third-party creditor bank.

The certificate must be stamped and signed by an authorized employee with a transcript. It should also contain information about the amount of the remaining debt, the absence of fines and delays, information about how the loan was repaid throughout the entire loan period.

The requirements for the borrower are very simple; there is no need even for permanent registration in the region where the mortgage is issued. The borrower can be an individual entrepreneur, a legal entity, a citizen of Russia and a foreign citizen.

Housing requirements: the subject of the mortgage can be housing on the secondary market, as well as in a new building.

VTB mortgage victory over formalities: conditions and reviews

Any potential borrower will appreciate the speed of obtaining a loan and the absence of complex requirements. An acceptable level of interest rates and high-quality information support should also be emphasized as significant advantages.

You can take advantage of these advantages with the help of VTB’s special offer “Mortgage victory over formalities.” This publication discusses the main parameters of a banking product along with nuances that are important for clients.

The use of additional recommendations will eliminate unnecessary costs and errors when obtaining a loan.

What is a mortgage under the “Victory over formalities” campaign?

Purchasing real estate involves significant financial costs. It is not surprising that the lender carefully reviews applications for large long-term loans. Taking into account the noted initial conditions, the special attractiveness of the current VTB 24 mortgage program Victory over formalities is clear. The main difference compared to analogues is the simplicity of the procedure:

In addition to the application, only 2 documents are provided (civil passport, SNILS);
confirmation of official income is not required;
the decision is made within a day.

The received loan can be used to purchase an apartment in a new building or on the secondary market.

Conditions

Basic parameters of VTB mortgage Victory over formalities:

interest rate for the total area of the apartment up to 100 sq. m. is 9.4%;
minimum/maximum amount – 600,000/30 million rubles;
term – up to 20 years;
down payment – from 30%;
comprehensive insurance policy (real estate, disability, life).

For your information! To form a down payment, you cannot use state support funds under the maternity capital program.

Interest rate

Standard lending conditions can be improved if you purchase an apartment with an area of more than 100 square meters. In this situation, the rate is reduced from 9.8% to 8.6%. If the loan is intended to refinance a loan – 9%. If there is no life/disability insurance, the rate increased by 1% applies.

Calculator

Using the service program presented in this section, you can calculate regular payments (total costs) under the mortgage program Victory over formalities. The results are corrected when setting other initial conditions. This tool will help you create a financial plan taking into account your personal capabilities and preferences.

Registration procedure

The standard algorithm is as follows:

clarify the terms of the VTB mortgage Victory over formalities using reference information (calculation on a calculator);
receive approval of the initial application;
after successful verification of the legal purity of the property, the main loan agreement is concluded;
register the transaction in Rosreestr;
complete the calculation.

Documentation

At the first stage, it is enough to present a civil passport, SNILS and an application, and for men under 27 years old - a military ID. To conduct a thorough home inspection, bank specialists are provided with the following documents:

a copy of the DCT (notarial certificate of receipt of inheritance, exchange agreement or privatization);
an extended extract from the USRN database with a technical plan;
certificate of registered residents;
a copy of the passport pages (with records) of the home seller.

Additionally they provide:

expert opinion on the value of the property;
issued insurance policies.

If there is a minor owner of a (registered) child, the consent of the state guardianship authorities is required for the alienation of property. Additional confirmation of fulfilled obligations may be required. In particular, to obtain such permission, a scheme is used to open a conditional deposit in the name of the child.

When purchasing real estate from a company, no additional documents are required from the seller. The developer must be accredited by VTB in advance.

It should be remembered that the bank will not accept housing intended for demolition as collateral. To clarify, it may be necessary to organize an inspection of the property by an authorized employee of the territorial division of the lender.

Where to apply

The application to the bank is filled out and submitted for verification using an electronic form on the bank’s official website. In a separate column, note the condition for obtaining a loan “Without proof of income.” Confirmation of this position meets the VTB mortgage criteria Victory over formalities.

Duration of consideration and validity of the decision

To activate an application for a VTB mortgage Victory over formalities, you must personally visit the mortgage center and provide a civil passport and SNILS for verification. You can reserve an appointment for a convenient time by phone. After the visit, a response to your request will be received no later than within 24 hours.

What to do after approval

The received positive decision is valid for four months. During this period you need:

choose a suitable property;
sign a preliminary agreement with the seller and transfer the deposit;
make an expert assessment;
submit documents to the bank to verify the property (legal purity of the transaction);
enter into agreements with insurance companies.

If there are no obstacles to purchase, use the standard sequence of actions:

sign the main mortgage agreement;
register the new owner and the lien in Rosreestr;
the bank pays for the property;
the borrower fulfills its obligations for timely payments;
After repayment of the loan, the ban on free disposal of property is removed from the Unified State Register of Real Estate.

For your information! For value assessment, VTB offers a list of authorized appraisers. You can order the service online using the bank client’s personal account.

Insurance

To clarify the costs of the policy, you can use a special calculator. Costs are offset by reduced risks. Real estate insurance is a mandatory item to obtain a mortgage loan. To get the most favorable conditions, you should take out insurance online. You can do this using the special calculator below.

Total costs of a mortgage transaction

To calculate costs, it is recommended to take into account the following mandatory items:

an insurance policy for the purchased property, compensating for the risk of damage to valuable property;
expert assessment of market value (when purchasing housing on the secondary market);
state duty for state registration of a new owner in Rosreestr (2,000 rubles);
payment for notary services and actions of authorized persons under a power of attorney;
transport and other related costs.

For your information! If you cancel life (disability) insurance, the base rate increases by 1%. When buying housing on the secondary market, you can purchase a special policy to compensate for monetary losses due to loss of property rights. Such a document is issued according to the standard scheme for three years.

Conclusions: the pros and cons of a mortgage based on two documents at VTB

The main advantage of this program is the absence of income certificates. At the same time, such simplification implies a certain increase in interest rates to compensate for commercial risks.

Based on customer reviews in 2020, the following advantages of the VTB Victory over formalities mortgage can be emphasized:

quick (24 hours) consideration of the initial application;
the opportunity to purchase housing in new buildings and on the secondary market;
relatively small associated costs (time, financial);
user-friendly personal account service.

Flaws:

increased down payment;
inability to use maternal capital funds;
compulsory comprehensive insurance.

Source: https://ipotekaved.ru/vtb-24/ipoteka-pobeda-nad-formalnostyami.html

Conditions

Loan rates are 10.7%. But the rate may change, for example, for those who receive salaries on a VTB card, it can be 9.7%. Loan terms from 1 year to 20 years.

Loan amounts start from 600 thousand rubles. The maximum loan size is 30 million rubles. But it is available only to residents of Moscow, the Moscow region and St. Petersburg. In other regions, you can get no more than 15 million rubles under this program.

Other conditions:

the amount of the down payment must be no less than 30% of the cost of purchased housing in a new building, no less than 40% of the cost of real estate on the secondary market, and no less than 50% when purchasing apartments;
Maternity capital cannot be used in this program;
the total monthly income must be at least 38 thousand rubles.

In addition, the borrower’s total work experience must be more than 1 year.

Victory over formalities from VTB: 2020 conditions, calculator and reviews

Mortgage “Victory over formalities” from VTB is a new program in the field of mortgage lending to the population. It has fairly comfortable and loyal conditions and not the most stringent requirements for potential borrowers.

Features of the mortgage “Victory over formalities”

A mortgage is a type of loan issued by a bank for the purchase of housing. A mortgage is more profitable than a consumer loan, as it has lower interest rates and favorable conditions. But VTB does not issue mortgage loans to all clients. Reasons for refusal may include:

Insufficient wages of the borrower.
Lack of collateral.
Client unreliability.
Availability of current debt obligations.

There can be many reasons, but most often people are refused due to a lack of documents confirming their solvency. With the “Victory over formalities” program from VTB, difficulties in this regard will not arise, because a person is required to provide only the following documents:

Passport with Russian citizenship.
SNILS.
For men aged 21 to 27 years - military ID.

Just two basic documents and a mortgage is already in a person’s pocket. VTB issues a mortgage loan without formalities, since people who apply to this bank are most often already its paid clients and have a good status. But this does not mean that a complete stranger cannot apply for a mortgage at VTB.

If the client really wants to get borrowed funds to purchase a home, then he must try to prove to the bank his solvency.

Requirements for the borrower

The fact that VTB asks to provide only two documents does not mean that other parameters will not influence the bank’s decision. VTB will definitely check on its own how the person is employed and what his income is. The latter must be at least twice the expected monthly mortgage payment.

If a person does not have enough finances to receive the necessary amount to buy a home, then you can slightly increase your chances by going to the bank with a co-borrower or guarantor. VTB allows up to 5 such persons.

A person must have continuous work experience at one place of work for 1 year before submitting an application for a mortgage to the bank. And at the time of application, be employed, albeit not quite officially. VTB will check absolutely all of its client’s employment to ensure his solvency for the entire loan period.

Another standard requirement is the age of the borrower - 21-70 years. A VTB client is required to repay the mortgage before the age limit.

Mortgage terms

Mortgages under the “Victory over formalities” program have quite attractive conditions for bank clients:

Interest rate	From 10.7%
Loan terms	Up to 20 years
Minimum mortgage amount	600 thousand rubles.
Maximum mortgage amount	5 million rub. for residents of Moscow, St. Petersburg and these regions, and for other citizens - 15 million rubles.
Down payment amount	At least 30% of the cost of purchased housing
Participation in the property insurance program	Necessarily

Each borrower must understand that the conditions for providing a mortgage are standard under the “Victory over formalities” program, and for each specific client the bank will select the most acceptable conditions for both parties. The more opportunities the borrower wants to have (large amount, long period, low interest rate), the more guarantees of his responsibility and solvency he must provide to VTB.

Mortgage insurance

VTB can offer the borrower two types of insurance:

Insurance of property pledged (purchased real estate) against the risk of loss or damage. It is mandatory and if insurance is refused, the borrower will be denied a mortgage.
Personal insurance of the borrower against various risks such as disability, life, restrictions on ownership of property, etc.

If a person refuses any form of personal insurance, then VTB automatically increases the mortgage interest rate by one point.

The interest rate may increase for other reasons (large amount, but short term, low salary, etc.), but these are special cases.

Mortgage calculator

On the official VTB website in the “Mortgage” section, subsection “Victory over formalities” you can find a loan calculator. You need to check the box next to the item “I am ready to provide only two documents” and move the cursors by amount, term and down payment to see the calculations:

Total mortgage amount.
Monthly payment and minimum income.
Interest rate.

Using this data, a person will be able to determine how convenient and realistic a mortgage loan will be for him under the “Victory over formalities” program.

What documents may be needed?

VTB will actually issue the mortgage itself using two documents. But he will formalize it - this means he will agree to the issuance of funds. But for the further process you cannot do without:

Cadastral and technical passport for the purchased housing.
Extracts from Rosreestr confirming the absence of debts on utility bills.
Extracts from the same register about the ownership of this property.
A document confirming the transfer of ownership of housing to the borrower.
Purchase and sale agreements.
Specialist estimates of housing costs.

All these documents will definitely be needed when VTB begins to calculate the possible amount of the mortgage. It will also be mandatory to fill out a mortgage application form. It is in it that you will need to indicate all the information about your place of work and earnings. You should not think that VTB does not check this information - it focuses on it when making a decision on issuing a loan.

The advantage of the “Victory over formalities” program is that you do not need to provide a certificate of income and employment, which is good, because this is not always possible. But you still have to indicate your income and place of work.

Procedure for obtaining a mortgage

Getting a mortgage under the “Victory over formalities” program from VTB is no more difficult than any other type of loan. The scheme will be built as follows:

Come to the VTB branch with your passport and SNILS and write an application (you can submit an application online on the website).
Submit the documents and wait for the preliminary decision.
Having received a positive answer, start looking for an apartment. The bank's decision is valid for 4 months and it is during this period that a person must find housing and collect all the papers.
Collect a complete package of documents for the purchased housing and bring it to the bank.
Discuss the terms of the mortgage and sign the agreement (at the same time, issue an insurance agreement for the collateral and personal insurance if desired).
Make a down payment on your mortgage.
Wait for the transfer from VTB in favor of the buyer and pledge the apartment to the bank.

After the mortgage is paid in full, the apartment will fully belong to the former borrower, and until then the bank has the right to take it back if the terms of the mortgage are not met. No borrower wants to lose an apartment or other housing, and therefore, in the process of drawing up a mortgage agreement, you should carefully read all the clauses of the agreement and do not forget to comply with them.

How can I repay the loan?

Most often, VTB offers clients an annuity scheme for repaying mortgage debt. The entire loan amount, together with interest, is divided into equal parts over the entire loan period.

This scheme is convenient, since there is no need to monitor the payment amount and you can set up automatic payment in your VTB personal account. But the overpayment of interest is a significant part, which would not be the case in a differentiated payment scheme. It involves unequal but pre-agreed payments on set dates.

When signing a mortgage agreement, a person must pay utmost attention to this point and choose the most convenient scheme for himself.

VTB allows early repayment of a mortgage without sanctions or penalties for the borrower. You just need to write an application to the bank a month in advance and indicate the amount and date of payment.

You can repay your mortgage at VTB in many convenient ways:

Transfers from other banks and accounts.
Top up your account through VTB payment terminals.
Using Russian Post.
Through your VTB personal account from a computer or mobile phone with the VTB Online application installed.
Through a bank cash desk.

There are many options, and therefore a person can easily and without delay transfer funds to pay off the debt. It is necessary to do this at least five days before the appointed date and always take checks, so that in case of a bank delay in the transfer, you can prove that the payment was made on time and the bank did not charge a penalty for late payment.

Reviews

Maryana, Krasnogorsk

I took out a mortgage two years ago at 10.7%. These are good conditions, honestly, and the requirements are adequate. Now I’m still paying off the debt, but I’m going to pay it off early in six months so as not to overpay interest.

Kostya, Voronezh

I'm going to apply for a mortgage and judging by the reviews, VTB has the most normal program. I can’t afford a regular mortgage, since the work is not entirely official, so I’ll try here.

How to get a mortgage using 2 documents

There is such an algorithm for obtaining a mortgage using SNILS and a passport:

To get started, fill out the online form at https://www.vtb24.ru/mortgage/request/#/0402/50/00/01/01.

In addition to personal data, you need to enter information about the employer and the mortgaged property.
Wait for a response to your application. The bank will make a decision within 24 hours after sending the questionnaire. The decision is valid for 4 months.
Decide on the property you are purchasing.
Come to the bank office and present documents for the apartment for verification.

After verification, the borrower can conclude a transaction to purchase real estate at any VTB branch.

“Victory over formalities” program at VTB Bank

Most often, applying for a mortgage at a bank entails a lengthy procedure for collecting documents and various certificates, especially if the family has children.

This is understandable; the lender, wanting to protect himself from a reckless transaction, wants to receive the maximum possible amount of information.

Some banks, in an effort to attract customers, have launched a new program that provides a simplified package of documents.

“Victory over formalities” from VTB is just such a program. This offer works throughout the Russian Federation and allows the client to obtain the desired loan with a minimum of documents.

Mortgage is a loan issued by financial institutions for the purchase of real estate. Purchasing an apartment is not a cheap pleasure, which means that the amounts issued for such a loan are considerable.

Due to large amounts and long terms, banks receive considerable income in the form of interest, so they can afford to provide lower interest rates on mortgages compared to standard loans.

What is “Victory over formalities” at VTB? This is a relatively new proposal. Unlike other programs, it does not involve collecting a large package of documents.

Due to the lightweight package of documents, this program received a large number of positive reviews and made this offer quite attractive in the eyes of clients.

The main requirement is that the borrower must provide two documents . Both VTB salary clients and those who have never been a client of the bank can apply for such a mortgage.

“Victory over formalities” does not require the provision of income certificates . But if the client really wants to get a mortgage loan, then it is better to try to confirm his solvency with real documents.

Reasons for refusal of a mortgage

This turn of events is very undesirable for the borrower, but still quite real. So, for what reasons, most often, does a bank refuse to issue a mortgage:

Insufficient salary level - just because the bank does not ask for a salary certificate does not mean that it will not pay attention to the low salary. Thus, it is much easier for an officially working citizen with a guaranteed income to get a loan than for an unemployed applicant.
Lack of collateral - it is very advisable to provide documents for any other expensive property - a car, an apartment - as a guarantee.
Unreliability of the client - banks can check this point on previously paid loans. If a client has irregularly made payments on loan obligations in other banks, this characterizes him as not very trustworthy. The chance of getting a mortgage drops significantly.
Availability of other loans - if the borrower is making payments on other loan obligations at the time of application, then income minus these payments will be taken into account. The remaining amount may not be so large, and it may not be enough to apply for a loan.
If the borrower does not meet the bank's basic requirements, a refusal is inevitable.
Submitting false information - wanting to make a favorable impression on the bank, the borrower provided incorrect information about himself, for example, submitted incorrect information about employment.

The borrower must understand that the larger the amount he wishes to receive, the more guarantees the bank expects from him.

How to get a mortgage at a lower interest rate

Taking out insurance - this item is not mandatory for obtaining a loan, but is highly desirable, therefore, if you refuse it, the rate increases by a point, and this already deprives the offer of its former attractiveness.
Being a salary client means having additional privileges. The bank sees the client’s income and understands the level of his solvency. Additional savings in bank accounts will also serve as a guarantee of reliability.
Many banks enter into partnership agreements with construction companies or real estate firms. If you purchase real estate through such partners, you can also count on an additional discount.

Mortgage insurance

Taking out insurance is one of the most reluctant points of a loan agreement. However, as we have already indicated, you can refuse it, but you will have to pay for such a decision with your own ruble.

So what does insurance include, and is it really necessary?

What does insurance include:

Personal policy - it is a guarantee that the insurance company through which the insurance was issued, in the event of the occurrence of certain conditions specified in the insurance contract, will make a payment for you. In the event of the death of the primary borrower, the insurance will fully cover all mortgage costs, and the relatives of the deceased will not be charged for the remainder of the mortgage.
A collateral property policy is a mandatory condition provided by law - any housing purchased with a mortgage loan must be insured. This will allow compensation for damage in the event of a fire, earthquake or any other natural disaster. In this case, the insurance company will also compensate for all damage incurred.
Title policy - this type of insurance allows you to protect the rights of a co-owner to this property, even if third parties try to claim any rights to this area, they will not succeed.

Many banks, including VTB, work with certain insurance companies, but the borrower can refuse to take out insurance with the bank and enter into an agreement with any other company.

The main thing is that the insurance policy covers all possible risks and gives the bank guarantees for payments in the event of an insured event.

When choosing an insurance company, it is better to turn to those companies that are accredited by the bank. Their list is available on the official VTB website.

However, you can insure yourself with another company. To do this, after issuing an insurance policy, you must submit it to the bank, the latter will check the selected company.

If it meets all the necessary characteristics, the bank accepts this insurance policy. But be prepared for the fact that this procedure may take time, and the company may not be accredited by the bank.

When purchasing insurance externally, you will have to purchase at least two policies . The first is insurance against damage and loss, the second policy is your choice, this can be a title policy or protection of property rights.

All this is necessary, since while the loan is being repaid, the property is pledged to the bank. Bank insurance is a reliable guarantee.

What other documents may be needed to complete the application?

The terms of the program state that only two documents are enough to apply for a mortgage, but it is worth clarifying that this package is only enough to fill out an application for the bank to consider your candidacy as a borrower.

If you receive approval for a mortgage loan, be prepared to provide another package of papers . Without it, you will not be able to get credit:

Cadastral and technical passport for the purchased housing;
Extract from Rosreestr - in case of rent arrears, this information will be reflected here;
Extract from Rosreestr about property - indicating the owners of this property;
The document on the basis of which the transfer of ownership of the property takes place;
Assessment of the market value of the apartment.

Also attached to the package of documents is an applicant’s application form, which contains information about the employer and the borrower’s income . The bank does not require you to provide official data, but do not let this mislead you. All information will be checked carefully.

The advantage of this program is that the client is spared the need to spend time preparing certificates and collecting official information about his employment. But this does not mean that the bank will not check the information provided.

Mortgage loan payment procedure

Most often, the borrower chooses a mortgage with annuity payments, in which the monthly payment is divided into equal amounts. This scheme is good because the monthly contribution remains the same, and there is no need to look into the payment schedule every month to clarify the contribution amount.

You can set up automatic payment and deposit the required amount in advance on the card from which the debit will be made. Another option for depositing funds is to independently transfer money to your current account. This can be done from another card of the same bank or any other. You can transfer money from accounts. You can top up your card from the bank terminal by depositing the required amount into your account.

VTB Bank offers its users an online personal account through which they can control expenses and receipts of funds.

The bank provides for early repayment; this can be done by depositing a large amount. There are no fines or sanctions in this regard. But to do this, you will need to notify bank employees about your step a month in advance and indicate in advance the amount and date of the extraordinary payment.

Source: https://ipoteka-expert.com/pobeda-nad-formalnostyami-ot-vtb-usloviya/

Insurance

An interest rate of 10.7% applies if comprehensive risk insurance is carried out. For housing on the secondary market, it is necessary to insure the following risks:

loss of life and ability to work of the borrower;
loss or damage to the purchased apartment:
termination or restriction of ownership rights during the first 3 years after purchasing an apartment.

Moreover, insurance against the risk of loss and damage to the apartment is mandatory. When purchasing housing under construction, you must obtain personal insurance and insurance for the property after construction is completed.

If the client refuses comprehensive insurance, the interest rate increases by 1%.

VTB provides a fairly comprehensive list of insurance companies with which it works. But it does not limit the borrower’s choice only to them. You can always arrange insurance with the company that suits you best.

Just first send the bank a package of company documents for verification at the address 101000, Moscow, st. Myasnitskaya, 35

If the company meets the bank's requirements, it will be included in the list within 21 from the date of receipt of the documents.

Mortgage repayment

There are several ways to repay a loan. You can always choose the most convenient one:

VTB-Online. To do this, you will need to contact the bank branch in advance and register with the service;
VTB ATM. It’s even more convenient to do this if you link the VTB card to the mortgage agreement;
cash desks in branches. You can make payments yourself or through intermediaries;
another bank. In this case, the transfer is carried out with a commission;
branch of the Russian Post.

VTB provides its clients with the opportunity to repay the loan early or in full without fees or penalties. You can do this:

at the bank office;
through the VTB-Online service;

The procedure can also be carried out by calling the customer service center. To do this, you need to call 8 800 100-24-24 and answer the questions of a bank specialist.

Bonuses from VTB

All bank clients who have a car loan, mortgage or cash loan can participate in the Collection program. This program allows you to accumulate bonuses for using bank products, and then pay with them when purchasing goods or services from the bank’s partners.

Also, clients who regularly pay their mortgage without delays can receive a cash loan at a reduced rate of 13.5% using the “Mortgage Bonus” program

Pros and cons of a mortgage based on 2 documents from VTB

Clients note a lot of advantages of the program:

fast approval;
minimum documents;
the loan received can be used to refinance other loans from VTB or third-party banks;

The convenience of this type of mortgage loan is appreciated by businessmen and individual entrepreneurs who do not need to collect a huge amount of documents.

The disadvantages include the following:

an impressive down payment amount of 30%, and for some types of housing even 50%;
approval does not always come at the time indicated on the website; in fact, you have to wait longer.

In addition, users include the inability to use maternity capital as a disadvantage of the program.

Documents for a mortgage with maternity capital in VTB 24

In order to obtain a mortgage with maternity capital, the bank is given the following documents for consideration:

Photocopies of all pages of the passport;
A copy of the work record certified by the employer, and the length of service at the last place of work must be at least six months;
Certificate of salary received.

The following package of documents will have to be attached to this main set:

A copy of the employment agreement from the current place of work;
Photocopies of documents regarding the education received;
If loans were previously issued, then copies of such agreements should also be provided;
If you have bank accounts in other organizations, you will also need to provide statements regarding them;
If the property owns real estate or other property of great value, then title documents for it are also attached.

After this, a corresponding application is submitted to the state pension fund regarding the need to transfer funds to repay the mortgage taken. In this case, people will not have to wait until their second child reaches three years of age to take advantage of these funds.