How to get a loan for maternity capital in cash? Which banks provide loans against maternity capital?

For 10 years now, the housing problem in Russian families has been solved using maternity capital funds for the purchase, construction and reconstruction of housing. But the only envisaged use case for the certificate is until the child turns 3 years old, which gave the right to maternal capital, is to improve housing conditions with the use of credit (borrowed) funds.

In this case, maternity capital funds, the amount of which is , are transferred non-cash by the Pension Fund to organizations providing credits and loans for maternity capital(banks, consumer credit cooperatives - CCP, other organizations):

• (if we are talking about a classic mortgage).

A prerequisite for receiving borrowed funds with subsequent repayment from maternity capital is the target “housing” focus of the issued credit or loan. At the same time, fulfillment of obligations secured by mortgage(that is, as collateral for the purchased property).

Targeted loan for maternity capital represents the receipt of money in debt under a loan agreement concluded between the owner of the certificate and one of the financial organizations. The funds received must be directed (i.e. we are talking about a housing loan). Maternity capital will be transferred to repay the debt and interest for its use within 1-2 months in the required amount.

Despite the fact that the very concept of a “loan for maternity capital” seems to imply receiving money in cash under a loan agreement, in fact this does not mean that government money will be transferred in cash - all payments are made only by non-cash means. No schemes offering , can be legal! For such offenses (fraud with budget money) criminal liability.

What is a targeted loan for maternity capital?

In general, a loan and a loan against maternal capital are not much different from each other, since both involve issuance of funds on a reimbursable basis, and in both cases these means have a specific target orientation. However loan agreement(Article 819 of the Civil Code of the Russian Federation), also widely used in, is somewhat different from loan agreement(Art. 807). In fact, the first is a special case of the second, taking into account a number of additional requirements provided for by the legislation on credit organizations.

To their main differences the following can be attributed:

• relations arising between the parties when applying for a loan are regulated not only by civil law, as in the case of a loan agreement, but also by banking law;
• the beginning of the loan agreement begins from the day it is signed, and the loan agreement - from the moment the money is transferred;
• The loan agreement may be interest-free (however, in practice, everything turns out to be the opposite - interest on loans is usually many times higher than interest on bank loans, since they are issued for much shorter periods with a lower level of requirements for the borrower - accordingly, with significantly greater financial risks for the organization );
• in case of violation of the terms of the loan agreement, the second party has the right to demand early repayment of the remaining loan amount along with interest (clause 2 of Article 811 of the Civil Code of the Russian Federation), and in case of delay under the loan agreement, penalties and fines will be charged, but the repayment period will remain unchanged.

Risks for seller and buyer when buying a home through a lender?

When receiving a loan against capital capital, the housing is registered as the property of the buyer with an encumbrance by force of law. The subject of the pledge is the purchased housing itself. The buyer will be able to remove the encumbrance and fully dispose of such residential premises only after full return of the money to the lender upon application for disposal of maternity capital funds.

There has been a lot of discussion lately about “other organizations” that have the right to carry out such transactions. In the State Duma the issue is being considered on the prohibition of the right of such organizations to issue funds secured by maternity capital. At the beginning of the year, relevant bills were even introduced, but no final decision was made.

In addition, initially before changes are made to the Rules for the allocation of maternity capital funds on the basis of the Decree of the Government of the Russian Federation No. 689 of 07/09/2015 as a lender microfinance organizations could act(MFO). However, to reduce the risk of illegal actions in relation to MSC funds, they were excluded from this list.

Is it possible to take out a loan against maternity capital from a bank (Sberbank)?

The Bank, being a credit organization operating on the basis of Law No. 395-1-FZ of December 2, 1990 “About banks and banking activities”, has every right to issue not only long-term loans, but also short-term loans for maternity capital, which are always issued secured by a mortgage- that is, secured by the purchased property.

However, the banks’ requirements for borrowers will be exactly the same as in the case of obtaining a long-term mortgage loan. For example, in Sberbank (as one of the leaders in providing mortgages against capital capital), all general requirements for the borrower relatively:

• age (from 21 to 75 years at the end of the loan term);
• solvency (those who, in addition to maternity capital, have a sufficient level of income and a positive credit history);
• availability of permanent registration on the territory of the Russian Federation.

Currently, loans from Sberbank for the purchase of finished or under construction housing are issued in the amount of from 300 thousand rubles. The minimum loan repayment period is from 1 year, however, for insurance purposes, loans in the amount of maternity capital (450 thousand rubles) are usually issued for a period of 5 years. If we imagine that such a loan will not be repaid within 2 months with maternity capital, its repayment will amount to about 10 thousand rubles with a total overpayment of several hundred thousand rubles (which should be feasible for a borrower who meets the requirements of Sberbank).

However, since the Pension Fund transfers maternity capital funds within 1-2 months after submitting an application from the certificate owner, the amount of overpayment at current interest rates is 9-12% will be only 10-15 thousand rubles. The balance of the loan, if necessary, can be repaid in subsequent months with your own funds.

Wherein no need to be afraid that in the event of early repayment by maternal capital of a mortgage loan issued for 5 years, these funds will only be used to repay the interest pledged in the calculation (in fact, usually at the beginning of the mortgage repayment period, most of the interest for its use is repaid and almost no principal debt is repaid ).

The fact is that, according to credit legislation, interest is accrued only for the actual time of using the loan. Sberbank itself obliges the borrower no later than 6 months from the date of issuance of the loan, contact the Pension Fund for repayment of the debt under the agreement. In fact, this can be done immediately after receiving the loan. In 1-2 months, while the Pension Fund is considering the application and transferring money to repay the debt, the bank will physically not be able to calculate as much interest as it accumulates over several years of using the loan (in other words, so that the amount of this interest is comparable to the amount of maternity capital , you need a loan term of at least several years).

The only problem is Sberbank does not issue mortgages without a down payment(now for various loan products it is 15% or 20% of the cost of the purchased housing, i.e. in relation to the amount of maternity capital in 2017, this is from 60 to 90 thousand rubles). Theoretically, this amount can also be repaid with a certificate as part of a special offer from Sberbank "Mortgage plus maternity capital", however, in this case, the application procedure may become significantly more complicated, and the possibility of obtaining such a loan will depend more on the individual characteristics of the borrower (including his credit history and the data contained in the 2-NDFL income certificate). In addition, the interest rate on a loan under this offer may be higher than if it was issued on a general basis.

Credit consumer cooperative (CPC) under maternal capital

Unlike banks, the activities of credit consumer cooperatives are regulated by Law No. 190-FZ of July 18, 2009. "On credit cooperation". According to him, the credit cooperative is a non-profit organization, whose activities are based on the organization of mutual financial assistance of its members. To implement it, the following financial levers are used:

• raising funds from cooperative members - shareholders;
• placement of part of the money received among the members of the cooperative, including under a loan agreement.

A special type of activity of credit cooperatives is provision of targeted loans to improve living conditions on the security of purchased housing. Now there are a large number of CPCs that specialize only in loans for maternity capital.

After the 2015 law banned altogether work with maternity capital for microfinance organizations (MFOs), some restrictions were also applied to credit cooperatives - namely, the possibility of receiving maternity capital funds from the Pension Fund to repay loans for the purchase of housing only after 3 years from the date of their state registration. In this regard, MFOs began to cooperate en masse with old CPCs that have been operating on the market for at least 3 years, in order to be able to further attract clients with their well-known brands.

What is a PDA in simple words (working diagram)?

In simple and modern language, the CCP is, in fact, a “mutual aid fund” for the realization of the personal goals of each member of the cooperative to improve housing conditions. The cooperative brings together 2 groups of people on a mutually beneficial basis:

• those people who do not have sufficient funds to purchase real estate (but, in this case, have a certificate for maternity capital);
• those who have available funds that can be provided to other members of the cooperative in the form of a housing loan.

Thus, the former gain access to money by joining the CPC, and the latter receive interest for providing their money for the use of other people for a certain period established by the loan agreement.

The procedure for obtaining a loan under MSK in the selected PDA, in general terms it looks like this:

1. Write an application to join the cooperative.
2. Pay the share fee and the entrance fee, if provided for by the organization’s Charter.
3. Provide the cooperative with the necessary documents to obtain a loan for the purchase of housing.
4. Sign a tripartite agreement between the financial institution, the buyer and the seller.

   Usually such an agreement is concluded only for a few months until the housing purchase transaction is completed and the Pension Fund transfers maternity capital funds. Also The loan size usually does not exceed 500 thousand rubles Therefore, this operation is also called a microloan.

5. Pay off borrowed funds with the seller and register the real estate purchase transaction in accordance with the procedure established by law.
6. Write to the territorial office of the Pension Fund of the Russian Federation with maternity capital funds to repay the loan issued.
7. The pension fund transfers money according to the details specified in the loan agreement, thereby repaying the debt of the home buyer to the cooperative.
8. After full repayment of the debt, the encumbrance is removed from the purchased housing, and the owner of the certificate will be obliged to register an apartment or house within 6 months (including the spouse and all children, including adults).

It is also worth paying attention to the fact that from the moment the funds are transferred to the borrower (it is important that not from the moment the agreement is signed), the cooperative will charge interest for their use, which also will be repaid with maternity capital(this is equally true for CCPs and ordinary banks).

This is often misunderstood by borrowers as “commission of a financial organization for cashing out maternity capital”, the legitimacy of which is for some reason doubted by many, but this is not entirely true. If the transaction is not fictitious and the funds are actually sent, then this “commission” is initially included in the loan agreement in the form of interest for the use of funds issued for the purchase. Taking into account higher interest rates in microloan organizations than in banks, the total amount of this “commission” can be several tens of thousands of rubles (usually up to 50 thousand).

Those. if the buyer is not ready to overpay from his own funds, the size of the loan itself for maternity capital, excluding interest, should not significantly exceed 400 thousand rubles. This amount, excluding interest, will be indicated in the home purchase and sale agreement and will go to the seller to pay for the transaction. The remaining amount (the so-called “commission”) will be received by the CCP in the form of interest for using the loan.

Pros and cons of getting a loan from a credit cooperative

After in 2014-2015. real incomes of the population have sharply decreased, in Russia the popularity of credit cooperatives has increased significantly, including among owners (since not every borrower can get approval from the bank even for a small loan in the amount of maternity capital itself - 450 thousand in 2017).

Obtaining a loan from the CCP for such borrowers turns out to be a fairly simple procedure for the legal use of MSC funds. Moreover, it is especially important that this can be done without waiting for the youngest child to reach the age of 3 years. To other advantages the following can be attributed:

• minimum requirements for the borrower, including:
  • no need to confirm income (loan repayment is guaranteed by the very presence of a maternity capital certificate);
  • loyalty to age and experience;
• fast processing times for applications.

But despite its apparent simplicity, it also has its pitfalls. On to the cons obtaining such a loan may include:

• higher interest rate for providing funds compared to bank loans;
• even if the loan is provided for 1-2 months, you will still need to register the purchased housing as collateral, as when receiving a full-fledged one from the bank (and these are additional costs for registering a mortgage with Rosreestr);
• less financial reliability of the CCP compared to banks (including in terms of a more risky credit policy, which can lead to bankruptcy).

Thus, loans from a credit cooperative are a good opportunity to solve the housing problem for owners of maternal capital in case of unstable work activity or receiving unofficial income. And provided that the documents are prepared correctly, the risks are reduced to zero.

Is it possible to get a loan secured by maternity capital in cash?

Unfortunately, despite the explicit ban on transferring maternity capital in cash, there are still advertisements inviting MSC owners to resort to. Some citizens, in order to make money, succumb to such fraudulent actions, for example, by presenting documents about a non-existent property or putting into the contract a knowingly larger amount than the actual cost of the residential premises (often they purchase completely dilapidated, emergency housing, or existing only on paper, which in no way cannot cost 450 thousand rubles).

Don't be fooled by scammers- law enforcement agencies and the Pension Fund will definitely check the purity of the transaction, and if illegal actions are detected, penalties will be applied to the violator, including in the form of actual imprisonment. According to clause 16 of the Rules adopted by Decree of the Government of the Russian Federation No. 862 of December 12, 2007, all calculations related to the use of maternity capital funds are carried out only by non-cash method.

Scheme for improving housing conditions through a targeted loan

In order to improve living conditions by obtaining a loan against mat. capital, certificate owner the following must be done:

1. Select a property that meets all the necessary requirements in terms of technical and sanitary standards. In the case of purchasing housing on the secondary market, the condition must be met that the purchased housing should not be considered unsafe or unfit for habitation.
2. Collect information about all financial institutions (banks and credit cooperatives - CCPs) providing such loans. Study the conditions for providing funds and choose the most suitable option for yourself.
3. In accordance with the requirements of the selected organization, provide the necessary package of documents for concluding a loan agreement. Find a suitable home seller and sign a tripartite purchase and sale agreement between the seller, buyer and financial institution - that:
   • the buyer acquires and the seller alienates the real estate in his ownership at an agreed price;
   • to pay for the cost of housing, the buyer sends the seller a loan against maternity capital provided by a financial institution;
   • after registration of the transaction in Rosreestr, the loan issued to the buyer is repaid by the Pension Fund at , which the buyer must submit to the Pension Fund of the Russian Federation within the time period established by the agreement (the sooner, the lower the total amount of interest payable).

After the buyer’s debt to the financial institution is fully repaid, the encumbrance in the form of a mortgage is removed from the purchased home, and the family will need within 6 months register an apartment or house as shared ownership of the spouses and children (to this effect, the corresponding application is submitted in advance to the Pension Fund along with an application for disposal).

What documents will be needed for this?

The main documents for obtaining a targeted loan include the following:

• application form;
• a certificate from the Pension Fund about the balance of MSC funds (its validity period is 30 days);
• passports of the borrower and (if any) the co-borrower, who may be the second spouse;
• marriage certificate or divorce certificate;
• documents confirming the birth of children;
• documents for the purchased property:
  • purchase and sale agreement and bank details for transferring money to the seller;

There was a joyful event in the family of Alexander and Elena: a second child was born - a son, and now the parents have twice as much worries. As you know, since January 1, 2007, the state has been actively encouraging such conscientious citizens as our heroes, rewarding them with a substantial sum of money (in 2014 - about 430 thousand rubles). But, as you know, you can receive the treasured capital only when the child is 3 years old. But what if you need money now? Is it possible to get a loan for maternity capital and how legal is it? What does the state allow the allocated amount to be spent on?

To answer all his questions, Alexander signed up for a consultation with a lawyer, and here are the actual answers he received to his questions.

What is maternity capital?

Family capital, which is also called maternal capital, is a set amount of budget support allocated at the birth of a second child and subsequent children to Russian citizens, starting from 01/01/2007. All legal nuances were regulated by the Federal Law of December 29, 2006 N 256 “On additional measures...”. To receive funds, you need a special personalized certificate, which is issued to the parent (in some cases, the guardian). This document is submitted to the territorial body of the Pension Fund with the corresponding application.

What options are there for using family capital?

1. (improving living conditions);
2. Payment for education for a child;
3. Accounting (the most unpopular form).

When can maternity capital be used?

As a general rule, money is available only when the child reaches 3 years of age. But if we are talking about repaying a loan (interest on it) for the purchase or construction of housing, paying the first installment, then the certificate can be used at any time - at the request of the parents.

How legal is it to take out a loan against family capital?

The question of the legal purity of the procedure still remains open. A literal interpretation of the legislation leads to the idea that money can only be used to improve living conditions (and only for a house, but not for improving facilities). Pure “cash out”, even when it comes to urgent needs, is not legal. Accordingly, by using any loopholes offered by the “craftsmen”, the parent risks falling under criminal charges and incurring serious liability. And the most important thing is to lose the money received in this way.

By the way, young families have a legal right to, which is no less than 30% of the cost of the purchased apartment.

How is a loan for maternity capital provided?

At the moment, funds are issued only for needs related to improving housing conditions (participation in shared-equity construction of an apartment, purchase of real estate, etc.). Young parents have two ways to use state resources - contact a bank or a financial institution.

What documents are required to receive financing?

To obtain a loan (credit), the following documents are required:

• Certificate for receiving family capital;
• A document confirming the identity of the person to whom the certificate was issued (mother);
• Certificate from the Pension Fund of Russia regarding the capital balance;
• Application to the Pension Fund for the disposal of financial capital.
• A document confirming the identity of the spouse of the certificate holder;
• Marriage certificate;
• Pension Fund certificate;
• Birth certificates of children;
• A complete package of documents for the purchased property.

When applying for a loan, a loan for maternity capital, it can be used to pay the down payment, repay interest and principal, as well as a mortgage loan.

What is the procedure for obtaining a loan for maternity capital?

1. Submission of documents and conclusion of an agreement. The entire package of papers is transferred to a credit and financial institution, with which an agreement is signed for the provision of services in the course of further work.
2. Receiving funds. Financial resources that must be spent on resolving the issue with the developer (seller of the property) are transferred to the applicants’ bank account, and from there to the final addressee.
3. Transfer of documents to the Pension Fund. The real estate purchase and sale agreement and the loan agreement concluded with the financial institution are transferred to the territorial body.
4. Return money to the lender. No later than within three months, the funds are transferred to the creditor (the organization acting in his capacity), and the encumbrance is removed from the acquired property.

As a rule, the borrower pays interest for the time the funds are used while the Pension Fund of the Russian Federation is deciding whether to satisfy the application of the certificate owner. This amount is within 5-15% of the total funds raised, which is acceptable for the family. When collaborating with banks, funds are not transferred to the certificate owner, and all payments are made between legal entities.

So, the scheme looks quite complex and confusing, since the security for the loan amount is not entirely clear. After all, a certificate is a personal document, and only the owner can receive money from it, and only for the needs specified in the law. But in fact, the encumbrance is imposed on the object, which serves as collateral. Nevertheless, thousands of people have already tried this option for obtaining a loan, and all of them were satisfied (to one degree or another) with such cooperation.

Important: The following methods for cashing out maternity capital are illegal, and their use may result in criminal penalties. They are given as an example of how funds received from the state for the birth of a second child cannot be used.

Options for fraud when applying for a loan for maternity capital:

• Real purchase during a “fictitious” sale. Some organizations offer the return of part of maternity capital when purchasing real estate at a clearly inflated price (this is especially typical for the regions). As soon as the transaction is completed and the certificate is cashed, young parents are denied a refund or their share is significantly reduced, and they are left alone with the property. Of course, a rare deceived parent will go to the police with a statement, because he has actually become an accomplice in the crime.
• Trusting relatives. Several cases of fraud have been identified in the fictitious purchase of real estate from relatives, if the last names are different. By purchasing an apartment or house at an inflated price in order to cash out money, you can forever quarrel when dividing up finances, and gullible “sellers” can be left without real estate and without money.

• Withdrawal of a certificate. Some gullible citizens simply sell their document or transfer it without payment - under the “guarantee” of reward in the future. Using various cash-out schemes, attackers can then either leave a person without money or offer a very modest payment - in the amount of 50-100 thousand rubles.

Is it possible to get a loan for maternity capital for consumer needs?

Perhaps this question worries everyone who could theoretically fall under the government support program. And, if desired, such offers can be found on the Internet - there are dozens, if not hundreds of them. As you might guess, the money ends up with the certificate holder without reaching the property owner. In fact, a fictitious transaction is concluded to purchase an object when neither party intends to fulfill its obligations.

In this case, the owner of the certificate receives 30-70% of the amount of maternity capital, and not its entire amount. But – we especially emphasize – this option is illegal, and in the practice of Russian law enforcement agencies there have already been cases of mass prosecution of citizens.

An analysis of the legislation demonstrates that it is possible to “cash out” funds allocated as family capital, but this may be regarded as an abuse of one’s right. Therefore, legal processing of a loan is possible only if living conditions are improved, and there are several options here, including. We cannot dissuade you from cooperating with microfinance organizations, but we recommend that you carefully evaluate your prospects when working with them.

Maternal capital is a kind of subsidy issued by the state to support families with two or more children. Using these funds, you can apply for a targeted loan from a bank, for example, to build a house. We will talk about banks that provide such loans below. We will also discuss whether it is possible to take out a consumer loan secured by maternity capital and whether it is possible to receive funds in cash.

TOP 10 banks issuing mortgage loans for maternity capital

Loan for maternity capital at Sberbank

The banking organization provides loans to holders of a maternity capital certificate under the following conditions:

• there are no fees for issuing a loan;
• down payment amount - from 15%;
• the real estate you purchase becomes collateral;
• For the entire duration of the contract, the property is insured against loss and damage.

What can you spend maternity capital on?

You can spend maternity capital funds only for purposes established by current legislation. Those allowed include:

• improvement of living conditions;
• renovation work or construction of a house;
• participation in shared housing construction;
• education of your children (payment for kindergartens, schools, institutes);
• creating savings for the mother’s future pension;
• for children’s health (payment for operations, services of medical institutions).

Mortgage for maternity capital

This is a permitted use of funds. The money can be used to pay the down payment or pay off the principal portion of the debt.

Not all banking organizations currently provide mortgages against maternity capital. This is partly due to the economic situation, as well as the fact that funds are transferred over quite a long time.

Please note that the procedure for repaying a mortgage using the certificate is simpler than applying for such a loan itself. You notify the bank that you want to pay off your mortgage in full ahead of schedule, take a certificate of the remaining debt, collect the necessary documentation, and then present the papers to the Pension Fund. The funds will be transferred within two months.

Peculiarities

The main requirement that must be met to obtain a loan is to provide a certificate giving the right to use the money. Both the bank and the Pension Fund will put forward a number of requirements for you as a borrower. This is especially true if you plan to use maternity capital as a down payment on a mortgage program.

The standard list of conditions for issuance includes:

• the real estate you purchase acts as collateral;
• insurance of collateral is mandatory;
• a positive decision of the bank is valid for 90 days (in some organizations - 60);
• the property complies with sanitary standards and regulations;
• the house or apartment should not be in dilapidated or disrepair;
• the object will need to be registered as the property of each family member;
• In addition to the mother, the child’s father or official adoptive parent can apply for a loan;
• funds are issued only once.

Pension Fund specialists put forward their requirements for the real estate you want to purchase. It must be located on the territory of our country and have a certain footage.

As for life and health insurance, this is voluntary and is carried out at your discretion. But be prepared for the fact that if you refuse insurance, the bank may offer you unfavorable lending conditions, or, more precisely, an increased interest rate.

Is it possible to take out a loan using maternity capital in cash?

There is only one answer, and it is negative. Obtaining a cash loan in this case is impossible. We have already said that the loan for MSC funds is targeted, which means that all payments are made only by bank transfer.

Literally a couple of years ago, you could contact a microfinance organization, where a loan under MSK was issued in cash. But such transactions are illegal, although you can still find advertisements for such services today, especially in small towns.

Who issues this money? Fraudsters. Moreover, criminal liability will follow both for them and for you if you take part in such a scheme. Therefore, you shouldn’t even think about how to take out a cash loan against maternity capital.

Get a loan for maternity capital without income certificates

Since 2017, the procedure for lending against maternity capital has been significantly simplified. Now banking organizations will not require a certificate of income from you. This is a significant relief for borrowers: the loan application procedure is faster.

Now you only need to provide a maternity capital certificate and a passport as the main documents.

Requirements for borrowers

The standard list includes the following criteria:

• you are a citizen of the Russian Federation;
• age - from 21 years old on the date of registration of the loan product;
• on the loan repayment date you are no more than 65 years old;
• at least 6 months of work experience at the last place of work (and at least 12 months of total work experience);
• it is permissible to attract co-borrowers, but no more than three;
• the spouse of the main borrower is automatically a co-borrower, and his solvency and age do not matter.

Requirements may differ from one credit institution to another. They are negotiated individually with the bank’s credit specialist.

Documentation

The list includes several documentation packages.

The main one includes:

• your questionnaire and application;
• certificate;
• marriage registration certificate;
• birth certificates for each child;
• Your passport;
• SNILS.

If you attract a co-borrower:

• application and questionnaire;
• passport with registration mark;
• documents confirming his income.

How to apply

Since the process of applying for a loan is carefully monitored not only by employees of the banking organization, but also by the Pension Fund, it is worth paying maximum attention to it.

Step No. 1. Select a banking organization and a loan product.

Although many banking institutions have refused to provide such loans, you have a choice. Analyze the offers on the market and choose the most profitable one for yourself.

Step No. 2. Contact the Pension Fund.

The ideal option is to contact the institution in advance. Without the fund's approval, you will not be able to take out or repay the loan. Provide to the Pension Fund:

• children's birth certificates;
• passport;
• certificate;
• a photocopy of the loan agreement (if you want to repay an existing loan);
• account details for transferring funds.

Step No. 3. We draw up an agreement.

Do not forget to carefully study all the conditions, read each point that is written in small print. It happens that the amount of overpayment changes in a larger direction than it was before the document was issued.

How to pay the down payment

From the Pension Fund you take a certificate indicating the balance of funds in your account. You submit it to the banking organization along with a standard package of documentation. If the Pension Fund has approved the loan, the money will be transferred to the bank to pay the down payment. The transfer period varies from 10 days to 2 months.

Advantages and disadvantages

The positive aspects of a mortgage with maternity capital include:

• reduced interest rates;
• there is no need to involve a guarantor, and a spouse can be a co-borrower;
• you have the right to choose a payment system;
• small down payment.

There are definitely negative sides:

• The application takes a long time to be processed (on average, 7 working days);
• funds from the Pension Fund of the Russian Federation are transferred to the bank for a long time;
• there is a possibility of refusal to provide funds;
• you need to collect a large package of documentation;
• not all banking organizations work with certificates.

The implementation of maternity capital has been carried out by the state to families with the birth of a second child over the past decade. 3 years after the right to a family certificate becomes available, state funds are allocated to the targeted needs of the family: education, pension savings, housing improvement. You can get loans for maternity capital without waiting for the period established by the state.

What is a loan for maternity capital?

Issuing a loan against maternal capital means borrowing money from a credit institution by a parent who has a family certificate. Despite the wording, a “targeted loan for maternity capital” does not imply the actual receipt of funds; they are only redirected to repay loan obligations subject to certain conditions. One of the main restrictions protecting the interests of children is the inability to cash out maternity capital.

The procedure for providing maternity capital for a loan consists of several stages, so it will not be possible to quickly repay the debt; as a rule, we are talking about 1-2 months. If parents decide to buy more spacious housing, then they will have to undergo thorough training in three areas at once:

• purchasing property;
• signing under the mat. capital of the loan agreement;
• coordination of the direction of government funds to repay the loan.

As part of such a loan, the parent holding the certificate can:

• use the amount to pay off the debt to the creditor;
• offset money from the budget as a first mortgage payment.

Loan against mat. capital is a multilateral procedure and involves the participation of three parties: the Pension Fund, which gives permission to send funds, the parent and the credit institution.

The success of allocating capital to a bank borrower depends not only on the active actions of the parents, but also, first of all, by the Pension Fund, which decides the issue of the validity of using money for the purchase or construction of housing. The absence of a positive response from the Pension Fund makes further lending procedures impossible. It is important to find out in time what maternity capital is and how you can spend it.

You should thoroughly understand each of the stages of receiving funds from the budget, issuing a loan for maternity capital and processing documents in order to ultimately successfully use your legal right.

Implementation options

You can count on repaying part of the debt to the creditor with maternity capital in the following situations:

• purchase of a new building, an apartment from a secondary fund;
• constructing a house on your own or with the involvement of contractors, if you have all the necessary construction permits and the object being built has an area that complies with the standards;
• carrying out house reconstruction work, major repairs to expand housing.

The way to realize capital can be:

• making a down payment on a mortgage;
• repayment of the principal loan debt (without interest);
• interest payment, if such a measure is specified in the clauses of the mortgage agreement.

It is important to correctly indicate the purpose of budget financing in the text of the agreement with the bank in order to avoid refusal of the transfer by the Pension Fund. If the loan is issued as a consumer loan, it will not be possible to realize the capital, even if the cashed-out funds are used to obtain housing.

A detailed consideration of each situation will allow you to successfully overcome all barriers when agreeing on payment.

Loan for a house or its construction

A loan to purchase a house as an option for improving living conditions is very popular and in demand. Many families live in rural areas, and even city dwellers with children growing up in their families strive to settle down in spacious and comfortable private houses.

You can realize capital for the purchase of a house in the form of making a down payment on a house or repaying a loan debt on an already issued loan.

When you plan to build a house on your own, additional approval and permitting documents will be required. When considering such an application, the Pension Fund will check compliance with all standards established by the state for the normal living of all family members.

Apartment purchase

The most common reason for contacting the Pension Fund is an application for approval of the transfer of money in order to repay a loan issued for the purchase of urban housing in new buildings or from secondary housing stock. The approval of the mortgage with the bank occurs as part of a standard procedure, supplemented by a subsequent application to the Pension Fund.

When a family already has its own home, maternity capital funds can be used to modernize it and improve its basic characteristics. Maternity capital, a loan for which is issued from a bank, can be used to carry out restoration work and expand the area. The conditions for agreement with the Pension Fund of Russia will be compliance with housing standards, actual improvement of living conditions, and the availability of all permits for restoration and repair work.

It is important to distinguish between the areas of applicability of maternal capital in this area: construction work should improve technical performance and increase operational efficiency, while simple repair work to correct the facade, replace equipment, or renew wall coverings are not subject to compensation.

But if a targeted loan for maternity capital involves increasing the size of rooms, expanding usable space, adding additional footage, adding floors, converting an attic into an attic - such use of money is agreed upon. It is also allowed to direct funds to payments for shared construction.

Conditions of receipt

When preparing to agree on the use of maternity capital, you need to know how to get a loan against maternity capital with minimal risk of refusal:

1. Purchasing housing using maternal capital requires the mandatory allocation of equal shares to the entire family.
2. Maternal capital money is used not only to obtain a new mortgage loan, but also to repay the existing loan debt received for the purchase of housing before receiving the certificate.
3. Not all credit institutions can act as a lender where you can take out a loan against maternity capital.
4. Despite the name, maternity capital is also given to the father or adoptive parents of the child.

Currently, mortgage programs using a family certificate operate in many large financial institutions. The parent borrower has the right to choose the most advantageous offer, provided that the bank meets the requirements established by law.

Who can issue a loan?

When choosing a credit institution from which parents intend to take out a loan with subsequent partial repayment using maternity capital, it is important that it complies with the requirements of the law. According to federal law, a lender who has issued a capital loan may be:

1. An accredited financial enterprise whose activities are related to issuing loans to the public.
2. A financial cooperative that has been operating for 3 or more years and has passed the appropriate accreditation.
3. An organization that issues loans under a mortgage.

If you plan to use a microfinance organization as a lender, you should be especially careful - starting from March 2015, maternity capital cannot be taken into account when applying for a loan from a microfinance organization. This measure is associated with a high risk for borrowers and the opacity of the work of such lenders.

In addition to approval, the procedure for accounting for maternity capital money in loan repayment includes other additional steps.

By adhering to the following sequence, it will be easier to navigate where you can apply for a loan, as well as the actions that certificate holders who plan to use government assistance need to take:

1. Choosing a bank from which to take out a loan, taking into account currently available offers and interest rates. In addition to the banking structure, a creditor can be a cooperative, a construction company, or another organization that has legal grounds for accepting funds under capital capital.
2. Choose an object on which parents are going to spend state funds. Depending on the type of object, additional approvals and obtaining permits may be required. If the object of purchase is ready-made housing (apartment or house), buyers who are ready for a mortgage transaction are searched.
3. After agreeing on a preliminary purchase agreement with the seller, the client sends an application to the bank (other organization) with documents for himself, his payment abilities, and the property.
4. Upon receipt of a positive response from the lender, a mortgage transaction is formalized. Payment with the seller occurs on the terms specified in the mortgage agreement.
5. The housing is registered in Rosreestr, about which a corresponding entry is made with a note about the encumbrance due to the mortgage.
6. The parent who previously received a family certificate applies to the Pension Fund after the transaction is completed. The application indicates a request to use budget money to repay the existing loan debt. The application is accompanied by a package of documents confirming the fact of purchasing housing using a loan.
7. Within the established time frame, the Pension Fund reviews the application and notifies parents of the results. If the answer is positive, the amounts established for the year of the citizen’s application are transferred to the credit account.

The period for consideration of the application has been reduced from 2 months to 1 month since March 2017. Further, within 10 days, family capital funds are transferred to the details specified in the application.

Documents for the Pension Fund when coordinating the transfer of funds include papers for parents, children, real estate and loan papers.

The list of applications includes:

1. Family certificate confirming the right to sell budget funds.
2. Parents' civil passports.
3. If the spouse of the parent who took out the mortgage applies to the Pension Fund, they provide a document confirming their marital status.
4. A contract for the purchase of housing registered in Rosreestr.
5. An extract from the Unified State Register or a certified copy (if the purchase occurred without borrowed funds).
6. In a mortgage transaction, a notarial obligation is provided to allocate equal shares in the common property to all family members.
7. Registration certificate, other documentation confirming compliance with residence standards.
8. Mortgage loan agreement for maternity capital, documents on the balance of the debt and interest payments.

Documents for obtaining a loan

When applying for a loan for maternity capital, the list of documentation additionally includes:

1. SNILS;
2. Documents for children.
3. A document from the Pension Fund about the amount expected to be transferred as part of the implementation of maternal capital.
4. Certificates of salary and other income of parents.

The dangers of a transaction using swear words. capital

Proposals for full or partial repayment of a consumer loan using maternity capital funds are found almost everywhere. Although today, committing this action is considered illegal and practically impossible. What is actually offered under the loan repayment?

How to get a loan for maternity capital?

As strange as it may be, this is exactly what is meant by paying off a loan. The whole point lies in the concept of consumer lending. The thing is that loans provided to individuals by banks can be considered consumer loans, since they are taken for the purpose of purchasing goods or paying for services. There are no other options for using the money, except perhaps putting it aside for a rainy day. Although it is unlikely that anyone will take out a loan for such a purpose.

Which loan for maternity capital from Sberbank should I choose?

Loans for special needs are allocated to separate groups, but do not cease to be consumer loans. They just received different names that directly indicate their purpose. Other loans, for which banks do not track the purpose of issuing funds, also have their own names, which may indicate the conditions for their provision. With the help of such loans, household appliances are purchased, repairs are made, furniture is paid for, and so on. They are the ones considered consumer clients, and the ones they hope to pay with this capital.

Loan for maternity capital at Sberbank

But, whatever one may say, this cannot be done. In general, maternity capital can be used for three purposes: for the funded part of the mother’s future pension, for the child’s education and for improving living conditions. In this case, an improvement is not considered to be gluing new wallpaper or buying household appliances, but the acquisition of residential real estate itself or its construction. It is clear that this has nothing to do with most consumer loans.

Will the list be expanded?

A loan for maternity capital from Sberbank and other banks, one might say, is provided only for mortgages. But some time ago, legislators proposed making the list larger and making it possible to use the capital to purchase a new car. But it is still at the discussion stage. For this reason, partial or full payment, much less a car loan, is not provided to those who have two or more children. In addition, you cannot repay education loans, since you can pay for tuition only by transferring funds to the educational institution. Credit intermediaries are not specified in the law.

And what will be left in the end?

Very little. First of all, you can get a mortgage, that is, a loan where the security will be the apartment being purchased, and until it is repaid, it will be pledged. In addition, banks offer loans that can only be used to purchase real estate. The difference is that the collateral will not be the apartment, but other property. This is exactly the kind of loan you can get for maternity capital from Sberbank and other banks.

As for the down payment...

There's one catch. The thing is that every loan for the purchase of an apartment is not complete without a down payment. Since the financial crisis, not a single bank has provided the full amount of the cost of housing - at best, only 90 percent, the remaining ten are paid by the buyer. Today, only VTB-24 and Sberbank can provide loans for maternity capital.