VTB loan deferment

Do you have financial difficulties and need a deferment on a VTB loan? Now you will find out under what conditions VTB provides a deferral of loan payments and the most common reasons for refusal. This will give you the opportunity to prepare for the conversation with the bank and increase your chances of a positive decision.

VTB Bank once a year allows you to skip the next payment on the loan without explaining the reasons. This service is called "credit holidays" and allows you not to pay the body of the loan, interest for use, and. In this case, the duration of the contract increases by the number of missed payments.

The service is paid - it costs 1000 rubles. Provided:

• not earlier than 6 months from the date of receipt of the loan;
• at least 3 months prior to graduation.

To activate, you need to contact the branch or call 8 800 100 24 24.

If it is not possible to quickly eliminate difficulties with finances and VTB loan holidays do not solve the problem, you need to try to get a loan. This is possible in such cases:

• the borrower lost his job for reasons beyond his control;
• lost property as a result of fire, natural disaster, theft;
• he himself needs long-term treatment or a close relative requires it;
• other reasons that VTB Bank deems valid.

All situations are considered on a personal basis and must have official confirmation:

• extracts from the medical history;
• a copy of the work book;
• document on registration with the employment center;
• etc.

Why VTB may refuse to defer loan payment

Deferral of payment is not the responsibility of the bank - it is exclusively its right, so even the most punctual and decent borrower can be refused. The loan agreement with VTB prescribes only the conditions for granting credit holidays - a change in the interest rate, the amount of the monthly payment, duration, as well as the client's waiver of obligations are not provided. The decision on each specific case is made individually. They will definitely refuse to defer borrowers:

• who allowed untimely payments and ruined his own;
• dismissed from work for violation or of their own free will;
• who made less than 3 payments on time according to the schedule.

To apply for a loan holiday, you need to contact the bank before the due date of the next payment.

It is worth remembering:

• any delay makes the loan more expensive;
• money will have to be returned in any case;
• the late payment penalty is 0.1% per day of the amount of unfulfilled obligations.

An application for restructuring is accepted by VTB only for 61 days of delay on the loan and may be rejected without explanation.

Do not refuse insurance - although it increases the cost of the loan, it allows you to avoid problems with the bank in most cases. Your consent to insurance is a manifestation of loyalty to the bank, the bank takes this into account when making a decision.