According to the provisions of current regulations, maternity capital funds can be used when applying for a mortgage and repaying it. However, this is relevant when loan money is used for the use of residential real estate. Simple consumer loans cannot be closed using budget funds.

Provides several ways to manage maternity capital. In particular, we are talking about:

1. Purchasing residential real estate.
2. Making mortgage payments.
3. Education of children in Russian educational institutions.
4. Purchasing items for the treatment and social adaptation of disabled children.
5. Mother's pensions.

These are all possible ways to use budget funds.

Important! There are many advertisements on the Internet about the possibility of cashing out budget money. In fact, you cannot cash it out, which scammers are well aware of. Responsibility for violation of the law is provided Art. 159.2 of the Criminal Code of the Russian Federation. It includes a fine of up to 120 rubles, as well as correctional labor for one year or imprisonment for two years.

It is worth noting that according to Art. 104.1 of the Criminal Code of the Russian Federation, maternity capital funds that have been cashed out are not subject to confiscation. This is money that is used for the benefit of the family. However, the family will have to return this money through a civil lawsuit. There are many precedents when judges made a decision to return money to the state for illegally receiving it.

Thus, in order not to find yourself in a difficult situation, you should not cash out maternity capital funds. It is much more profitable to contact the Pension Fund and, on a general basis, submit documents for managing budget money.

What loans can you take out for capital?

Federal Law No. 256 allows the use of family capital to improve housing conditions. Thus, it is possible to arrange:

1. Mortgage.
2. Loan from microfinance organizations.
3. Consumer loan.

It is worth considering each lending option in more detail in order to comply with the law.

Important! Today it is possible to obtain loans against family capital in cash legally. But the contract must indicate that the money received will be spent on the purchase of residential real estate.

Registration of a mortgage for maternity capital

It is possible to use maternal capital funds when applying for a loan and when it has already been issued at the time of receiving family capital. According to, these funds can be used in the form of a deposit to the seller or partial/full closing of the loan.

Matkapital and deposit when purchasing residential real estate

When using these funds in this way, it is strongly recommended to enter into an agreement with a real estate agency to reduce risks during the transaction. These companies have realtors, lawyers and other specialists who guarantee the purity of the transaction. Federal Law No. 256 requires that ownership rights be registered first, and then the transfer is carried out. Thus, you need to take the following actions to manage your money:

1. Select a bank to apply for a mortgage.
2. Consult with a banking specialist about the specifics of cooperation with the organization.
3. Submit an application and provide guarantors and co-borrowers.
4. Get a response from the bank and find a suitable property.
5. Sign a preliminary agreement with the seller.
6. Contact the bank to complete the transaction.
7. Contacting the Pension Fund department to submit documents for disposal of public money. They will be transferred to the seller.

The bank requires as one of the documents a receipt or other documents confirming the transfer of the down payment. In this case, they are of a formal nature, since in fact the seller can receive the money only after the transaction is completed, which is stated in the additional agreement to the contract. The real estate agency guarantees that the transaction will be carried out in accordance with current legislation.

The bank usually requires the following documents:

1. Identification documents of the borrower, co-borrower and guarantors.
2. Data on the amount of income for the last six months.
3. Document for the loaned property (cadastral and technical passports, construction permit, construction company license, approved plan and much more, depending on the property).
4. Documents confirming marriage and birth of children.
5. Receipt of receipt by the seller of the deposit.
6. Certificate for the right to receive maternal capital.
7. Preliminary purchase and sale agreement.

After checking the documents, a loan is issued.

Important! The seller cannot receive the mortgage funds in hand immediately; they remain in the safe deposit box rented by the buyer. According to Federal Law No. 102 on mortgages and on registration of rights to real estate, these funds can be obtained only after the transfer of ownership. That is, the seller must provide an extract from the Unified State Register and a passport to receive their money.

After registration, you must contact the Pension Fund to transfer funds to the seller. To do this you must provide:

1. The applicant’s passport and SNILS of the applicant and children.
2. Certificates confirming marriage and birth of children.
3. Papers required for the property.
4. Certificate for the right to receive money from the state.
5. Contract of sale.
6. Loan agreement.
7. A notarized obligation on the basis of which parents must provide their children with a share in housing after fulfilling financial obligations to the bank.
8. Details for making a transfer.
9. Statement of the established form.

If the request is refused, the transaction is canceled on the basis of an additional agreement drawn up by real estate agency lawyers in such cases.

Matkapital and early repayment of mortgages

Federal Law No. 256 also allows you to use budget money for early repayment of a mortgage that was issued before receiving a family capital certificate. The order is as follows:

1. Obtaining a certificate from the bank about the balance of debt using the Pension Fund sample (it is recommended to take a sample in advance).
2. Contact the Pension Fund and provide a complete package of documents.
3. Waiting for a response from the Pension Fund.
4. Transfer of funds.

Specialists need 30 days to review the application. The same amount of time is required to complete the transfer. You need to provide the following documents to the Pension Fund:

1. Mother's passport and SNILS.
2. SNILS of children.
3. Documents confirming the fact of marriage and birth of children.
4. Certificate of outstanding balance.
5. Cadastral and technical passports.
6. Notarial obligation to allocate shares to children.
7. Certificate confirming the right to receive budget funds.
8. Application in the prescribed form.
9. Bank details.
10. Agreement with the bank for obtaining a home loan.

Important! Based Federal Law No. 102, money received from the Pension Fund to pay off debt, if it is maternity capital, is written off without acceptance. That is, the borrower does not need to write applications to write off funds.

Loans and consumer loans for maternity capital

Microfinance organizations and banks actively issue consumer loans against maternity capital. Based on consumer lending, money is issued to clients in cash for personal needs. However, if the agreement specifies a specific purpose for using the money, then you can try to use maternity capital for partial or full early repayment. Art. 819 Civil Code of the Russian Federation imposes the following requirements on the loan agreement:

1. Indication of the parties.
2. Indication of the loan amount.
3. Place of conclusion of the contract.
4. Debt repayment procedure.
5. Responsibilities and rights of the parties.
6. Payment Methods.
7. A place for resolving disputes in court.
8. Details of the parties and signatures.

The contract must indicate that the money from the microloan or consumer loan is used to purchase residential real estate. It is required to indicate the address of the property and owners. Only with the availability of this data is there a chance that the Pension Fund will approve the transfer of funds to repay the loan. However, the probability of failure is quite high.

Art. 25 Federal Law No. 102 states that a mortgage agreement must have security. The loaned or other real estate object is accepted as collateral. Consumer loans do not require collateral, so there is no encumbrance on housing. Thus, it is possible to circumvent the law and not provide children with a share in the purchased apartment or house. It is as a result of the infringement of children’s rights that the Pension Fund of the Russian Federation may refuse to provide maternity capital funds.

Features of submitting an application to manage budget money

An application for disposal of maternal capital can be downloaded on the Pension Fund website (or you can download it). It is filled out without any marks. The presence of any blot is grounds for refusal to provide payment. If you have any doubts when filling out a certain item, it is better to leave it and fill it out with a Pension Fund specialist. Here's how to fill out the application:

1. The surname is indicated, and in brackets the maiden surname, first name and patronymic of the children’s mother.
2. Applicant's status (mother, father, guardian).
3. SNILS of the applicant.
4. Certificate identification information.
5. The authority that issued the certificate.
6. A passport indicating all his identification data.
7. Address of the place of registration in the form: index - name of the region of the Russian Federation - locality - street - houses - apartment.
8. Address of place of actual residence, if it differs from the place of registration.
9. Dates of birth of children.
10. The amount to make the payment.
11. Indicate whether there are restrictions that may prevent you from receiving payment.
12. List of attached documents.
13. Contact phone numbers.

The Pension Fund employee must endorse this document and put a stamp on it.

Important! The application must be submitted exclusively by the mother. If she is deceased or deprived of parental rights, then the applicant may be the father or guardian. If a trusted person applies, he must have a notarized power of attorney. The cost of such a document usually does not exceed 2000 rubles.

When can you get a loan using your passport using maternity capital?

This can only be done in two cases:

1. Apply for a loan from a microfinance organization, where the agreement will indicate that the money is taken to purchase a home.
2. It is not necessary to provide this document to the bank.

When collaborating with microfinance organizations, the following nuances must be taken into account:

1. The maximum loan amount, depending on the status of the lender, is 1 million rubles or 1.5 million rubles.
2. The maximum loan term is 1 year.
3. It is possible to extend the contract, but this service is paid.

Important! Current or purchased real estate must be provided as collateral. This type of loan cannot be issued online; they are issued exclusively at the lender’s offices. No down payment is required, however, according to Federal Law No. 353, it is necessary to provide up to 3 additional guarantors.

When you take out a consumer loan from a bank or a mortgage without proof of income, the interest rate increases. Here are some banks where this document is optional for some programs:

1. Promsvyazbank.
2. Bank Zenit.

On specialized websites dedicated to lending, you can find up-to-date information at the time of applying for a loan. It is updated once a month, so there is a complete list of banks and other companies that provide loans for the purchase of housing using maternity capital.

Important! The maximum loan period from banks depends on the company itself. Usually this is 20-30 years. But at the time of full closing of the loan, the title borrower and guarantors must be under 65 years of age.

Features of obtaining a loan for maternity capital in Sberbank and Rosselkhozbank

These are banks with a large share of state capital, so they are fully integrated into existing government programs. That is why they provide several special programs for the purchase of residential real estate using maternity capital. In particular, young families can receive a loan at 12% per annum for up to 25 years. Here are the requirements you need to meet:

1. Russian citizenship.
2. Age from 21 to 35 years (in some regions up to 30 years).
3. Availability of income on a monthly basis.
4. Having children.
5. Official marriage.
6. Obtaining the status of a young family.
7. The condition is registered with the local government as a family that needs improved housing conditions.

To become in need of new housing, applicants must contact the responsible territorial authority. This is a housing department located in the district administration. There you write an application and attach a complete package of documents to it:

1. Passports of both parents.
2. Marriage and birth certificates.
3. Certificate of family composition confirming that all family members are registered in one place.
4. Documents for the housing in which the candidates currently live.
5. Certificate from the traffic police about the presence or absence of a personal car.
6. Documents from the BTI about the type of house, layout, area.
7. Extract from the Unified State Register.
8. Certificates of income for all residents of a specific living space.
9. Statement.

The decision is made within a month. If you are found to be in need of improved housing conditions, you will be provided with a corresponding certificate. It will need to be provided with other documents that are required by Sberbank or Rosselkhozbank to receive a reduced mortgage rate.

Video - How to get a loan for maternity capital

Mortgage or consumer loan – which is more profitable?

If you do not use maternal capital, then a consumer loan is more profitable, since then there is no need to provide the purchased object as collateral. But when you are going to use family capital to buy a home or to pay off a loan early, it is highly recommended to take out a mortgage. This will prevent unnecessary problems in the Pension Fund during the management of public money. You need to prove that a regular loan was taken specifically to purchase a home, and if this is not specified in the contract, then it is almost impossible to do this.

As for consumer loans, which are written about in various advertisements, it is better not to apply for them. Fraudsters today use many different methods of cashing out funds. However, as practice shows, you find yourself guilty of the situation and receive a sentence for violating Art. 159.2 of the Criminal Code of the Russian Federation and are forced to return the entire amount of maternity capital to the state.

Thus, all transactions with maternity capital are best carried out through real estate agencies. They employ experienced specialists who will tell you at any stage what exactly needs to be done and how to correctly sell or buy real estate in a particular case.

Video - Maternity capital with a mortgage: pros and cons

Today, all Russian citizens who have had or adopted a second child receive state material support in the form of maternity capital.

Dear readers! The article talks about typical ways to resolve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.

It's fast and FOR FREE!

The funds provided can be used as a tool for repayment or obtaining a loan.

Maternity capital is a form of state material support for families with children. These payments have existed since 2007.

During this time, legislation has been changed many times to expand and supplement the list of purposes for which money acquired within maternity capital can be used.

Important aspects

However, such actions violate the law and may be considered fraud.

Today, there are many credit organizations that, through deception, obtain certificates with the promise of issuing a loan.

You need to be especially careful so as not to lose anything. In some situations, it is possible to purchase a targeted loan for maternity capital legally.

Required material

Some banking organizations offer advantageous offers that support large families and issue mortgages and home loans on preferential terms.

Legislative standards

The acquisition of maternity capital at the birth of a second child is implemented in accordance with.

To implement measures of state support in the form of maternity capital, Russian government bodies and ministries have adopted a number of regulatory and legal acts.

They ensure the direction of maternity capital money in legally defined areas, as well as approving the forms of the required package of documents and the rules for submitting an application.

Loan for maternity capital without income certificates

In 2019, the procedure for purchasing a family capital loan was simplified. Today, borrowers of a banking organization no longer need a certificate of income.

This process greatly facilitates the acquisition of credit funds for clients. The issuance and repayment procedure is very convenient and transparent.

To apply for a loan against maternity capital without a certificate of income, you only need to provide a certificate for family capital.

After successful registration, the client should visit the office of the Russian Pension Fund to receive funds.

Every month the borrower is required to pay the accrued interest. The loan amount is repaid at the time maternity capital is received into the citizen’s account. Usually this happens within two months.

Where to get a loan

At the moment, it is possible to get a loan against maternity capital. But not all banking organizations provide this loan.

Only large institutions, such as Sberbank or Rosselkhozbank, agree to accept public finances as partial payment.

They are the most reliable and responsible institutions in the Russian Federation. The loan amount from banks starts from 300 thousand rubles.

The loan is issued in parts, according to the payment schedule. The interest rate starts at 13% and is determined individually depending on the specific case.

Banks lend to families against maternity capital for a period of 25-30 years. Depending on the program of use, the terms of the offer for maternity capital differ in different banks.

All credit institutions have their own lending conditions and unique products that are offered to borrowers using maternity capital.

The law stipulates that maternity capital can be used until the child reaches the age of three to pay off debt and interest on a loan that was acquired before the birth of the child.

Required documents

When submitting an application for the purchase of borrowed funds for maternity capital, a specialist from a banking organization must provide the required package of documents.

Package of documents for the bank:

• a completed application from the certificate holder;
• original and photocopy of the borrower's passport;
• certificate from the place of employment about the amount of wages and length of service;
• marriage certificate;
• child's birth certificate;
• family capital certificate;
• an extract on the amount of maternity capital balance, which was issued by the Pension Fund;
• documents for the property being purchased or under construction;
• confirmation of payment of the down payment;
• documents on the conclusion of the agreement.

To obtain the right to dispose of financial assets of material capital, it is necessary to prepare certain documents for the Pension Fund:

• application in the prescribed form;
• original and photocopy of the family capital certificate;
• identification;
• a photocopy of the loan agreement that was signed with the banking organization;
• a certificate from the bank about the amount of debt;
• a photocopy of the registration certificate for the property acquired under the loan agreement;
• document on family composition;
• the status of the personal account at the specified address of the location of the property.

The package of documents is quite large. But when visiting all authorities, the necessary documents will be automatically collected in full.

Also, the loan application process may take some time. This is explained by the fact that the use of family capital funds is checked in accordance with the law.

The need for 2-personal income tax arises

What package of documents is required to take out a cash loan from Post Bank, and its lending conditions?

A loan for maternity capital is available to all holders of a state certificate if this money is spent on the purchase of real estate, construction and reconstruction of a house.

Before contacting a credit institution, it is necessary to study all the consequences of this decision, the terms of debt repayment and other clauses of the agreement.

And only after that choose the most suitable option for your family.Maternity capital is issued only once, and these funds must be used in the most productive way.

Before an important transaction, you should also consult with qualified lawyers who will tell you which banking organization and which program will be the most profitable.

Video: paying off a mortgage with maternity capital

Attention!

• Due to frequent changes in legislation, information sometimes becomes outdated faster than we can update it on the website.
• All cases are very individual and depend on many factors. Basic information does not guarantee a solution to your specific problems.

That's why FREE expert consultants work for you around the clock!

1. Ask a question via the form (below) or via online chat

As you know, maternity capital is one of the most popular forms of state support for Russian families raising children. At the same time, a loan cannot be obtained in the form of cash (in cash), so maternity capital is usually used as one of the most popular types of lending to young families.

Today, maternity capital can be used for purposes such as:

• improvement of living conditions;
• getting an education;
• solving serious health problems.

Take a loan for maternity capital

This type of loan, or, as it is also called, collateral against a family certificate in cash, is most often taken to change living conditions for the better. Today, there are three options for using a family certificate to purchase housing:

• payment of a down payment on a mortgage loan;
• repayment of interest, as well as debt on purchased housing;
• an increase in the loan amount by the loan amount in a situation where a home is purchased at a higher cost than a young family can legally afford.

So a loan for maternity capital can become a serious support for a family dreaming of purchasing a home or maximizing their living conditions.

Cooperatives issuing loans

Typically, such significant amounts as a loan for maternity capital are issued by banking organizations, but recently people are more often turning to consumer credit cooperatives (CCCs), which are ready to issue a targeted loan against a family certificate. The fact is that these cooperatives are much more loyal to clients, although some of them require the provision of collateral until the money is transferred by the Pension Fund.

Drawing up an agreement with the CPC is quite simple: after choosing a suitable object, an agreement is signed for several months. During this time, the money is transferred to the cooperative’s accounts, so the borrower pays interest, in fact, only for these two to three months.

How to get a loan for building a house?

By law, maternity capital can be used only after 3 years after the birth of a child, but if the living conditions are not very good, this period may rightfully seem like an eternity. Therefore, most often, another option is chosen for building a house, according to which a loan is issued and the construction process begins.

After this, an application is written to the pension fund with a request to transfer funds to pay off the debt to build a house. In this situation, the law provides for the possibility of claiming maternity capital before the child turns three years old.

Loan for maternity capital in Sberbank conditions

This type of loan can also be taken from Sberbank, which sets its own specific conditions. These include the following:

• issued at the request of one of the spouses;
• housing is registered as the property of the borrower or the common shared property of the spouses;
• if the borrower's salary is not paid by Sberbank, then the potential borrower must provide documents that confirm his financial condition.

In addition, Sberbank is one of the few banks, which also includes Rosselkhozbank, where you can take out a loan against maternity capital in cash. So it’s definitely worth trying to do this, be it Chelyabinsk, Orenburg, Voronezh, Novomibirsk, Pervouralsk, Kurgan, Shadrinsk or Kansk. Although it is necessary to understand that this is not some kind of consumer loan for an individual or legal entity.

What do financial institutions around the country offer?

In the country as a whole, the conditions for taking out a loan this year for maternity capital are approximately the same. Therefore, regardless of where to take out what is essentially a mortgage loan: in Krasnoyarsk, Tobolsk, Tula, Nizhny Novgorod, Kemerovo, Saratov or Orel, the conditions are practically no different.

Cashing: Is it possible to get money in cash?

As mentioned above, not every bank issues a cash loan against maternity capital. Therefore, both Sberbank and Rosselkhozbank, when issuing it, require a certificate for maternal capital, as well as a notification issued by the Pension Fund about the balance of funds.

The easiest way to get such a loan is in Russian cities such as Yekaterinburg, Chita, Tyumen, Krasnodar, Stavropol and St. Petersburg. On the other hand, in Novokuznetsk, Abakan, Rostov-on-Don, Simferopol, Belgorod, Kaliningrad or Ulyanovsk, this procedure is more difficult.

If the borrower urgently needs to cash out the required amount, and even without a certificate of income, then there is simply no better option than Ivanovo, Barnaul, Perm and Khabarovsk.

Loan for maternity capital reviews

Today, more and more people are trying to take out loans against capital to build a house or buy an apartment. This is evidenced by numerous reviews of people living in Moscow, Samara, Pskov, Vladimir, Tyumen, Tomsk, Irkutsk or even Kyzyl, who took advantage of this opportunity.

Where can I get cash loans?

As mentioned above, they can be obtained from certain banking and other financial institutions. How such a loan is issued for maternity capital and what specific documents are needed can be found out where it will actually be issued.

After starting a family, spouses dream of having their own apartment, but often their income does not allow them to save for real estate. The birth of a baby increases pressure on the family budget. To support young families, the Government of the Russian Federation has developed programs that provide financial assistance. You can significantly reduce the cost of credit funds if you take out a targeted loan from the bank for the purchase of housing using maternity capital.

What is a targeted loan for maternity capital?

According to the law, maternity capital is issued to provide financial assistance to young families who have had a second child. In 2019, its size is 453,026 rubles, indexation is carried out annually. Parents can use the funds to:

• improving living conditions;
• payment for children's education;
• formation of the funded part of the mother's pension.

To control the use of money, a maternity capital certificate is provided. The parents of the second child can receive it after submitting an application to the Pension Fund. Maternity capital can be used for the purposes prescribed by law. For this reason, a loan is possible, but subject to the condition of the intended use of maternal capital - loan funds must be used to improve housing conditions.

The difference between a loan and a targeted loan

In practice, the financial meaning of the word loan is different from the word credit. Features of borrowing and its differences from lending are shown in the table:

At first, according to the law, obtaining a targeted loan for maternity capital was possible in banks and other credit institutions - MFOs and credit cooperatives. Since 2015, only banks have the right to issue credit money using government certificates. It is believed that from now on you can no longer get a loan, but a targeted loan for maternity capital. Such changes are explained by a large number of abuses in non-banking institutions, the direction of funds for cash withdrawal, since strict reporting control is not provided for them.

What can you spend a loan on for maternity capital?

Disposal of maternity capital is possible only with the consent of the Pension Fund. If you want to use a family certificate for home renovation, you should not count on approval of the application from the Pension Fund in this situation, because you can take out a loan secured by maternity capital only to improve your living conditions, which involves:

• purchasing an apartment on the primary or secondary market;
• expansion, reconstruction of existing living space;
• purchase of finished or construction of housing.

Owners of the state certificate need to take into account the important features of a targeted loan for maternity capital:

1. The legislation provides for the possibility of drawing up a bank loan agreement not only for the mother, but also for the father or adoptive parent of the child.
2. A loan is issued to parents using maternity capital for the purchase of housing, subject to the registration of the child’s share in residential real estate.
3. You can use maternity capital funds when applying for targeted mortgage lending until your child reaches 3 years of age.

Sometimes credit funds for the purchase of housing are issued to parents - certificate holders, even without obtaining a mortgage. This is possible when provision is made for the issuance of funds equal to the amount of the remaining capital. The condition for such lending is the intended use of the money. In this case, there is no need to issue a deposit - the down payment serves as security. The advantage is that you can reduce your expenses even with increased interest rates. With this type of lending, in order to obtain a loan, you do not need to make an expert assessment of the property being purchased.

Down payment on a mortgage loan

According to the law, maternity capital can be used to fully or partially pay the down payment. This is beneficial to the borrower. With the help of family certificate funds, you can increase the size of the down payment and get a mortgage with a lower interest rate. In this case, it is important that the Pension Fund transfers the money to the bank account on time.

Repayment of interest and mortgage principal

You can use maternity capital to reduce loan debt and pay interest accrued monthly. Funds cannot be used to pay off fines and penalties. The borrower can use the family certificate to pay off mortgages that were taken out earlier, even before the birth of the second child. In this case, it is necessary to register the share of all family members in the loaned property.

For building a house

You can get a targeted housing loan for maternity capital not only for the purchase of finished housing, but also for the purpose of purchasing an apartment by participating in shared construction. The Pension Fund may agree to transfer money for the construction of a house or its reconstruction. In this case, paperwork is possible only after the child reaches 3 years of age, and the procedure for approval and transfer of money will take longer. It is necessary to convince the PF that the funds will be used for their intended purpose, and that the constructed house will be comfortable for children to live in.

Is it possible to get money for maternity capital in cash?

The state controls the use of the family certificate. You can track the movement of money only if it is transferred. You should not rely on the possibility of cashing out certificates - such actions are not legal. The decision to transfer funds is made by the Pension Fund and handles the transfer itself. This is how the state tries to protect certificate holders from thoughtless spending of funds intended for their child. Some microfinance organizations in Moscow offer to cash out maternity capital funds, but such services are illegal.

Loan for maternity capital at Sberbank

Apply for a loan with the targeted use of maternal capital at Sberbank. According to the terms of the financial institution’s lending agreement, funds can be used to make the full amount or part of the down payment. Young parents can take out a targeted loan for maternity capital using two programs:

• Purchase of finished housing – for the purchase of real estate on the secondary market;
• Purchase of housing under construction – to purchase housing from the developer.

Requirements for the borrower

Sberbank provides mortgage loans with the targeted use of maternal capital to employed, solvent individuals. It is possible to attract 3 co-borrowers, with the second spouse always acting as a co-borrower. Loan agreements are drawn up:

• citizens of the Russian Federation;
• over 21 years old and under 75 years old;
• if you have more than 6 months of work experience at your last job and at least a year in total.

Lending terms

Sberbank provides a mortgage loan when insuring a home and pledging it to the bank. When buying an apartment from a developer and taking out a mortgage for 7 years, lending is carried out with partial compensation by the seller for interest on the loan. The borrower receives a preferential 7.5%. The base interest rate decreases by 0.1% for electronic registration of a transaction and increases by 1% if personal insurance is waived, by 0.5% for clients who do not have an account with Sberbank for payments. The conditions for providing mortgage loans using maternal capital are shown in the table:

Mortgage loan for maternity capital at Rosselkhozbank

When applying for a mortgage at Rosselkhozbank, you can use the capital to pay off the loan debt. The transfer of funds must be made within 3 months from the date of signing the mortgage agreement. An advantage for borrowers is that certificate holders have the opportunity not to make a down payment if the amount of capital exceeds 10% of the cost of purchased finished housing or 20% of the cost of housing under construction. A mortgage is issued for the purchase of:

• housing on the primary market;
• real estate on the secondary market.

On what terms is the loan issued?

When issuing loans, no commission is charged, but insurance and collateral for the purchased home are required. The interest rate is reduced by 0.25%:

• public sector employees;
• salary clients;
• borrowers with an impeccable credit history;
• young families in which one of the spouses is under 35 years of age.

The conditions for issuing loans from Rosselkhozbank are shown in the table:

Who can get a housing loan

Employed citizens or those running personal subsidiary plots can apply for a mortgage at Rosselkhozbank if they have entries in the household ledger for at least 12 months. You can get a targeted loan:

• citizens of the Russian Federation;
• aged from 21 to 65 years;
• if you have at least 6 months of experience at your current place of work and a total of 1 year over the last 5 years (does not apply to persons running private household plots).

The procedure for obtaining a loan for maternity capital

Banks issue loans to solvent citizens. Persons with a good credit history and a high salary can receive a targeted loan for maternity capital. It is necessary that monthly mortgage payments do not exceed 50% of the borrower's income. You can increase the chance of approval of a targeted loan by attracting co-borrowers and providing certificates of their income.

You can reduce your expenses if you take advantage of the state lending program for young families. It provides financial assistance for the purchase of housing for spouses, each of whom is under 35 years of age. Under such programs, in addition to using maternity capital funds, you can receive funds from the state budget for a down payment, partial debt repayment, or to reduce mortgage interest.

The procedure for obtaining a loan with the targeted use of maternal capital is lengthy and includes the following stages:

1. Applying to the Pension Fund with a statement of intentions to use maternal capital. Only the Pension Fund can agree to transfer money for a mortgage.
2. Selecting a bank for a loan and submitting an application.
3. After receiving approval for a targeted loan, you can begin searching for real estate.
4. Providing documents to the bank for the purchased property.
5. Coordination with the bank of the terms of the targeted loan agreement.
6. Making a down payment, completing a purchase and sale transaction, insuring the property, signing a mortgage agreement and notarizing the mortgage.

What documents are required

To consider the application to the Pension Fund, you must provide the following documents:

• state certificate;
• passport;
• Marriage certificate;
• child's birth certificate.

After the application is approved by the Pension Fund and a bank for lending is selected, an application for a mortgage and a package of documents are submitted to the financial institution:

• passport;
• income certificate;
• the second document from the list provided, if there is no proof of income.

After approval of the targeted loan, the borrower provides the bank with the following documents:

• for the property being financed;
• state certificate;
• a certificate from the Pension Fund about the balance of maternity capital.

Video