How to get a loan for maternity capital

Most of the young families suffer from the problem of lack of residential space. Tight apartments and private houses complicate the process of growing children decently complicate. And the conditions in the real estate market deteriorated to such an extent that it is almost impossible to acquire a new housing through the average. Some degree to facilitate the task can credit for maternity capital. Everyone knows his existence, but few understands how to get it.

First you need to find a bank dealing with maternal capital. There are no such institutions too much, but not very little. Some of them can provide you with the amount corresponding to the size specified in the Certificate. But in most cases it is absolutely not enough and have to be found further. One way or another, you can find a suitable option.

Take care of the fact that the certificate for maternity capital is ready. If you have not solved this question to this afternoon, contact the Pension Fund with the following packet of documents: the application (filled in place in the printed form), copies of passports, birth certificates, a copy of the certificate of insurance of all family members, a copy of the marriage certificate. In some cases, the list can be changed.

When the certificate is ready, go to the selected bank. To make a loan, you will need a certificate certificate, a copy of the certificate, a passport, a prepared purchase contract. In this case, the amount provided by the bank is determined not from accounting for the volume of maternal capital, but guided by the certificate of income. The entire amount of the loan implies two different parts, one of which is repaid by the certificate, and the second - monthly payments of the credited.

Next, the Bank determines the terms of lending. Usually the initial contribution is about the tenth of the total value of the selected housing. Depending on different circumstances, the duration of lending may vary from the minimum period of up to 30 years. In addition, a loan for maternity capital does not force you to search for guarantors. Only in the case when your monthly income is not enough to get the desired amount, you can get a coacher.

When calculating the interest rate, different factors are taken into account: the term, the scope of the initial contribution, credit history, and even personal insurance contract. Moreover, some banks consider the existence of such a contract with a prerequisite for obtaining a loan.

Thus, referring to housing loan, you will get a double amount (the cost marked in the certificate, and the second part, due to income and other things), favorable and convenient conditions, the lack of guarantors, etc.

At first glance, the operation of registration of a loan for maternity capital looks sufficiently complex and time consuming. On the other hand, it is an excellent chance to improve housing conditions, despite all the difficulties.