How to repay a mortgage early at VTB 24 Bank?

In the case of urgent payment of mortgage debt, sanctions were previously imposed on borrower clients. But the government of the Russian Federation vetoed previously adopted laws on lending, and subsequently full early repayment of mortgages at VTB 24 became a reality.

Now you just need to inform the bank about your decision to pay off your mortgage loan early. His consent is not required for this, and this can be done immediately after signing the loan agreement.

Making payments on a mortgage loan at VTB 24

The Russian bank VTB 24 allows you to repay your mortgage debt both partially and completely, even if you have been registered for three weeks already. You will not be fined or incur any penalties for this. Premature settlement is somewhat similar to paying off debt on conventional loans.

In this case, mandatory payments must go in parallel with early repayment. Behind 15 working days an application must be written to VTB 24 for early payment. Such payment for early payment must total not less than 15,000 rubles.

Payment can be made in the following ways:

• Transfer by mail.
• At any bank branch (cash desk).
• Using Telebank (in case you need to deposit a sum of money remotely).
• ATM that accepts cash or plastic cards.

Adjustments to the payment schedule

Long-term repayment always implies significant overpayments. Subsequently, early repayment of mortgage debt was accepted at VTB 24. The reason for this may also be the issuance of a loan from a new bank on more optimal terms.

The positive aspects of this repayment method are:

• Making the client's life easier.
• The housing will soon become yours - and you can already dispose of it at your own discretion.
• Reduced pressure on the family wallet, as the amount of each payment per month decreases.

The VTB 24 Bank online calculator will clearly prove to you the veracity of all the above advantages and will help you calculate everything exactly down to the last penny.

Download calculator in XLS format is available by .

When paying off part of the mortgage debt, you can agree in advance on a couple of options for changing the terms of the agreement:

• All conditions remain the same, only the payment for early repayment will change.
• All conditions will be the same, only the loan period will be reduced.

Having chosen the appropriate option, the client and the manager draw up an additional agreement, where all changes are recorded, and confirm it with the main agreement.

Partial repayment of a mortgage loan at VTB 24

Mortgages are a rather slippery subject. Here it is - and here are the incomprehensible interest rates on it. We strongly recommend that you carefully read what conditions VTB 24 provides for partial loan repayment.

Now at VTB 24 it is quite possible to partially and early repay the debt. You have a card linked to the agreement. It is on it that a certain amount of money should be located. You, like many others, cannot carry out this operation on your own.

You can call your manager by phone and find out all the details. Next, you come to VTB 24 and fill out an application to withdraw a certain amount of money from your card to pay for the loan, excluding the minimum monthly payment. Phone number for Moscow +7 (495) 777-24-24 and telephone number for regions - 8 800 100-24-24 .

Required documents to repay a mortgage loan

Having completed the necessary documents for a loan agreement, in this case for a mortgage, you receive a schedule (dates and required amounts) for the receipt of funds to pay the loan. If this schedule is missing or lost, you can contact the manager, through the remote Telebank system or directly at the branch.

It is mandatory to submit an application for early repayment in advance to VTB 24, paying attention to the payment period scheme. Maximum – one day before payment is due in a certain period.

A certain amount is also required in the account assigned to this agreement in order to write it off against the debt on this loan. Payment is made exactly on the due date for mandatory payments.

Early repayment calculator

Regardless of whether you will make mortgage payments in full or in parts, on the official website, even more for yourself, calculate the amount that you will have to pay later. You can also find out more details in the financial department of VTB 24.

As a result, you will be able to see the overall picture of early debt repayment. Particular attention should be paid to those who are planning early payment. This is due to the fact that even any missing amount will cause complications when closing the loan agreement.

Repayment in full

Having the required amount of money to fully cover the loan immediately deprives you of debt on the loan. At VTB 24 you can solve the issue of credit debt this way. But there may be nuances here.

You can pay the loan at any time convenient for you (meaning the days of the week the bank is open). You are required to notify the financial institution of your decision and submit an application to the bank no later than 24 hours before making the payment.

There is one more point, without which you can’t go anywhere. Early payment of the mortgage must be made within the time period specified by you in the original application.

The money must be in the account before 19.00 Russian time inclusive, otherwise your application will be cancelled, but it is possible to repeat this operation. All you have to do is write a new application.

Closing a mortgage loan agreement

Almost no one knows that paying all payments under a loan agreement does not mean that it is closed. You need to do a number of procedures, otherwise the mortgage will appear to you as an open loan in the BKI.

Partial early repayment is not particularly important here, but if payment has been made in full, then be extremely vigilant and go through all the stages of completely closing the loan agreement with VTB 24.

In your presence, the bank manager must destroy the plastic by swiping it along a magnetic line. Plus, you will submit an application to cancel the card.

The time frame within which the bank deems it necessary to close the credit account completely is uncertain. After all the necessary stages have been completed, the client has every right to take a notarized document from a VTB Bank branch, so that they have no more questions for him. This paper will resolve any situation in the BKI if questions begin to arise for you. This is what happens in practice.

Next, you should go to the insurance company so that all funds paid under this loan agreement are returned to you. You should remove the encumbrance from your home by contacting the registration chamber with an application.

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conclusions

Paying debts in advance at VTB 24 has such advantages as saving on interest, reducing terms, and the absence of service surcharges and any sanctions. You can see a clear example of the benefits on the official VTB 24 website in a special section - online calculator. The sooner you say goodbye to the loan, the sooner your home will be in your hands and you will be able to dispose of it as you please. Until this moment, it is far from your property. Plus a refund from the insurance company is a nice bonus after significant expenses.

Pay attention for paperwork at VTB Bank. It is important to do all this correctly, in order to then close the current account, cancel the card and receive a message that the bank has no further claims against you.

Afterwards, the registration chamber will make a note that you are now the new owner of the home!