With the advent of maternal capital, more and more families are faced with the question of how to properly implement it and for what purpose to spend. Some private organizations offer to issue loans under maternity capital. Reviews on how to conduct a transaction and how legal it is can be found in this article.
What is the point of obtaining a maternal certificate?
Since 2007, the state decided to introduce measures of social support by issuing certificates for family capital. The families in which the second or subsequent child was born or was adopted are entitled to receive it. The certificate has a nominal value; by the end of 2020, its amount is 453,026 rubles. On the front side of the form are indicated the full name of the patronymic and the passport details of the owner.
The legislator has set clear goals for using the certificate, as well as the impossibility of physical cash withdrawal. That is, when a transaction is made, funds under the certificate are not issued to the hands, but are transferred directly by non-cash method. Therefore, do not take positive reviews of maternity loans as a guide to cash. This issue has its own subtleties that you need to know before contacting an organization offering such services.
Purpose of use
The legislator has identified several ways to sell maternity capital:
- The funded part of the pension is for the mother.
- Payment for the education of one of the children.
- Improvement of housing conditions, which includes the construction of a residential building, the purchase of an apartment at the expense of mortgage lending.
It may take a long time to implement the first two points, but the housing issue is quite acute in almost every family. In order for the transaction to be completed within the framework of the law, small organizations have developed a scheme for obtaining loans for maternity capital. Testimonials on how to do it right can help many families get and improve their living conditions without violating the rule of law.
What is a loan?
Before going into the details of the transaction, you need to understand what constitutes a loan. Both individuals and legal entities can issue it. And this means that the process of regulating the relationship between the parties to the transaction is based on federal law. Those who planned to get a loan under maternity capital left mixed reviews. To be more precise, in accordance with the current law “On Banks and Banking Activities”, maternity capital funds can be used to repay debts on a housing loan only if it has been issued by the bank. On March 20, 2015, the right to execute such transactions with microfinance institutions and consumer cooperatives was canceled.
In order for the transaction to be legal, then we should talk about the loan as a loan, especially since these concepts still have common features.Both types of financing are urgent, as there is an agreement on the repayment of funds. The party that provides the loan has financial benefits (for example, in terms of interest).
Conditions for obtaining a loan at the bank
Making a mortgage in a bank (or housing loan) is more common for many and causes more confidence. This is confirmed by numerous positive reviews. A loan for construction under maternity capital has more advantages for those clients who are participants in a salary project or recipient of social payments to an account opened with this organization. If we talk about the possibility of obtaining a loan at a banking institution, the process of receiving payments and registering a transaction is not much different from cooperatives.
When making a loan under maternity capital in Krasnoyarsk, the borrowers' reviews agree on the need to have an official experience and payroll, since the solvency of the client is one of the decisive factors in obtaining money to improve housing conditions. Many families register in this way the buyback of a share in a house or apartment. With relatives who have to buy part of the property, it is important to discuss in advance the moment that the reverse re-registration will not work.
The main feature of acquiring a share in an apartment / house or all of it with the help of maternity capital is the need to include all children in the number of owners. Acquired housing becomes jointly acquired property in the marriage. This should be remembered for families who have problems in relationships. On online forums, there are often reviews of ex-husbands who, having bought an apartment in the marriage with the help of mother capital, were left with nothing when the marriage was dissolved.
Credit Cooperative Loan
Even someone who took a loan under maternity capital, reviews should be studied especially carefully. The positive outcome of the transaction depends on the integrity of the company. Nevertheless, for many families, this method is the most suitable and affordable. The thing is that not all borrowers meet the requirements put forward by the bank. Those who have already issued a loan in this way under maternity capital in cash, leave reviews more often positive than negative. These are mainly customers who need a loan amount only within the balance of the certificate, who are not able to get a mortgage at the bank.
The loans in the cooperative also attract such a category of borrowers who have a bad credit history, but at the same time are quite solvent. Despite the fact that you have to pay a decent amount for services, the desire to improve their living conditions is stronger. On average, a cooperative may require 60-80 thousand rubles for its services. In some cases, this amount is less than the interest that will be paid at the bank when applying for a standard mortgage.
What documents need to be collected
Before contacting a financial institution for a loan, you need to study the reviews. Who took the loan under maternity capital knows what documents and certificates may be required. Regardless of which financial institution the transaction will be executed in, the specialist will need to provide:
- Identity document of both spouses.
- The birth / adoption certificate of the child for whom the maternity capital was issued, as well as the marriage certificate.
- Certificate of maternal (family) capital.
- Certificate of the balance of the amount of capital.
The purchase of an apartment under construction is somewhat different from the purchase of finished real estate. In particular, an agreement on equity participation or assignment of claims is drawn up first. The borrower may be required to provide design documentation.In the case when the seller is a legal entity, it is additionally required to attach a certificate of OGRN, the charter of the enterprise, copies of documents on the appointment of the director general and chief accountant. When drawing up the contract for the assignment of rights, the borrower must provide a certificate of settlements.
Additional documents
If we are talking about the acquisition of a share in a house or apartment on account of the certificate, additionally it may be required:
- Technical passport of the premises.
- Form-9 on where the property is located
- Extract from the house book or the number of persons registered in this housing.
- Title documents for this object.
Among other things, if a loan is issued in a cooperative, then clients are required to take photographs: houses (including in the background), residential and non-residential rooms, a number plate showing the street, entrance to the apartment, view from the window. You may also need a photograph of the borrower inside the room / apartment / house.
A package of documents for registration of ownership of a land plot
Recently, more and more families have been buying a house with a land plot, so very often citizens want to read reviews on a loan for maternity capital (in Yekaterinburg, for example). As in most major cities, there are several organizations here. Before applying for a loan, you need to study the history and reviews of members of the cooperative and only then proceed to the collection of documents.
If everything suits, then for the registration of the land, in addition to the standard package, you will need:
- An agreement confirming the right to own a land plot, for example, sale, privatization, gift, inheritance.
- Documents authorizing the construction of a residential building or a notice of planned construction in the near future.
Income documents
In a credit cooperative, as in a bank, you will have to confirm your solvency. For this, generally accepted forms of a certificate in the form of a bank, 2-NDFL, may be suitable. Among other things, large banks are loyal to their regular customers, in particular to those who receive wages in their open account. To do this, it is enough to indicate the card number, and this will reduce the data processing time from several days to several hours. Unfortunately, in a cooperative, the process of processing income information will take several days, in confirmation of which there are numerous reviews. A loan in a cooperative for maternity capital is made out after consideration of documents by lawyers. Therefore, writing only a card number issued even in a well-known bank is not enough.
Cash Transfer Terms
Reviews about a loan under maternity capital in Irkutsk and any other city confirm that the transfer of funds occurs within the statutory period, namely two months. This period is counted from the day of filing an application for the disposal of maternity capital in the institution of the FIU. If a family prepares a loan in a cooperative, it will not be superfluous to contact a pension fund with documents for real estate in advance, even before signing a loan or mortgage agreement. Specialists will be able to timely point to existing errors or confirm the possibility of processing a transaction for the selected property in the property.
The probability of refusal to complete a transaction
Since the transaction is related to real estate, there is a risk that the Pension Fund will refuse to pay if the misuse of funds is established. Maternity capital is not transferred in the case when the family redeems only a share and the right of ownership will extend to only one family member. Also, a refusal to transfer the amount of maternity capital can be received by families who want to purchase a house recognized as emergency, or a summer house.
Recently, there has been increased interest regarding how to get a loan under maternity capital in Crimea.The feedback received from citizens living on the peninsula shows that the registration procedure is completely identical for all settlements of the Russian Federation. Non-compliance with the conditions for receiving state support payments is the main reason for the negative response.
