During a loan, everyone is confident that the provision of funds by the bank is a great opportunity to distribute finances. Initially, many even dream of early payments. However, life situations are far from always the best.
If a person is in financial difficulty, then he has no choice but to delay the payment of a loan. However, today many banks are in the position of borrowers and offer them fairly favorable conditions. Therefore, customers are offered the service of deferment in the bank on a loan.
Thanks to this, it is possible to postpone payments a bit and restore its financial condition. However, it’s worth mentioning right away that this is possible only if the client has previously informed the bank about possible financial problems.
What is a deferred loan
By and large, when you receive a loan, a person signs an agreement, which indicates all the conditions, including the term, as well as the procedure for payment of funds to a financial institution. However, in addition to this, special circumstances must always be spelled out in the document under which the terms of the loan can be changed. If a person is able to prove that he is in a difficult situation and cannot repay the loan, then in this case the bank can meet him. However, it all depends on the specific situation.
In some cases, borrowers are insolvent only for a fairly short period. In other cases, bankruptcy can last for many months. Of course, on the one hand, the bank can go to court or transfer the case to collectors and ultimately still get the money back. But, as a rule, this is delayed for a rather long period of time or requires additional financial costs. In this case, most organizations prefer to make a concession to the client and provide him with a deferred loan on the bank.
If we talk about the condition for deferrals, then, as a rule, it all depends on the specific credit institution and the situation of the client. Usually, all possible credit outcomes are prescribed in the contract. In individual financial organizations, each situation is considered individually. Therefore, before signing any documents of this type, you should always study the item on a possible deferment of a loan at a bank.
Order of registration
As mentioned earlier, most often the documents indicate all situations that may occur with the borrower. However, sometimes it is additionally necessary to visit the committee of a financial organization and submit your case in writing for consideration. It is worth noting that it all depends on the particular bank. Some of them provide an additional fee for the borrower to change the terms of the contract.
It is also likely that the main document does not indicate any possible options for changing the payment procedure. In this case, you should also contact the credit committee and ask to consider the situation individually.
However, there is a standard scheme for deferring a loan at a bank. First of all, you need to be prepared for the fact that consideration of the application can take up to 1 month. If the borrower receives a refusal, the bank reserves the right not to explain the reason for such a decision.If the client receives approval, an additional agreement must be signed.
Design Features
In order to submit such an application, you must provide the bank:
- Passport of a citizen of the Russian Federation.
- A certificate confirming the income or their absence.
- Labor book.
- A document that confirms that the borrower is registered in the employment center for job loss.
- If the impossibility of repaying a loan is related to the health of the borrower, then medical confirmation of his disability is required.
If we talk about the most popular bank in the Russian Federation, then Sberbank has a service called debt restructuring. In this case, the duration of the contract increases, due to which the monthly payments are reduced. Other banks have a program under which it will be possible to make a delay, the period of which will be from 1 month to a year, depending on the specific situation. Some provide deferrals for only a few months.
Pros and cons of services
First of all, it is worthwhile to understand that, of course, the delay helps the borrower to collect the necessary amount or find a new job. Such services are becoming a real help in difficult life situations. However, despite the fact that it seems to customers that the amount of payment is significantly reduced, we must not forget about the extension of the loan agreement. Accordingly, in the end, a much larger percentage is paid.
However, the loan itself is a debt obligation, which implies an excess of the amount of debt.
What papers are needed to obtain a deferment
If a person has financial difficulties associated with work, then first of all it is necessary to provide a certificate in the form of 2 personal income tax for a rather long period. A bank employee should clearly see in this document that in recent years, a bank client has experienced a sharp drop in revenue.
If a person fell under the reduction, then he must provide a work book, in which the corresponding mark will be entered. If we are talking about dismissal of their own free will, then in this bank they show less loyalty.
Additionally, an application for a deferment of a loan at the bank will be required. Its form depends on the specific financial organization.
If the loan is already past due
If we talk about how to get a deferred loan on a bank in a situation where the client was unable to deposit funds according to the payment schedule, then financial institutions rarely provide such a service. This means that the bank is not sure that, even after receiving a deferment, the client will be able to distribute the money correctly and continue to make timely payments.
However, it’s worth trying to explain the situation to the bank employee and provide all the documents in which the borrower's problems will be confirmed. In addition, it all depends on the specific financial institution.
"Renaissance Credit"
If we talk about whether the bank gives a delay in the loan, then in this financial institution there is an opportunity to receive a similar service online or by visiting the branch in person.
The application must indicate the number of the loan agreement and personal data of the borrower. You also need to describe in detail your situation and current circumstances, if possible confirming your words with appropriate copies of documents. After that, the bank considers the application on an individual basis. However, you need to be prepared for the fact that in case of failure the client will have to pay not only an overdue payment, but also a fine.
"VTB 24"
This bank (which has teamed up with VTB financial institution) also has the opportunity to obtain a deferment. However, before this, it is worth considering that a payment delay of 5 days is not considered by a financial institution as a serious violation of contractual relations, so there are no penalties.
If a person has delayed payments for more than a month, then you should immediately contact the bank and explain the situation. As a rule, in this case, the client can count on a loyal attitude, but only if he was able to prove his financial insolvency.
Also, VTB 24 provides a vacation service to pay off debt. In this case, a grace period of up to six months may be granted.
Credit deferral at Home Credit Bank
It is worth paying attention to the fact that in the contract of this organization at the time of its signing there is no clause describing this situation. Therefore, if necessary, the situation of the client will be considered only individually.
Since this organization is commercial, a delay is possible only in the most emergency situations. But even if a positive decision is made, the client can be released from financial burden for a period of not more than two months.
Alfa Bank: deferred loan
In this case, we are talking about the transfer of payments on the principle of credit holidays. The term for providing such a service is up to one year. In order to obtain such a delay, you must contact the bank branch and fill out the necessary application. If the client receives approval, then he signs an additional agreement. At the end of the credit vacation period, an updated payment schedule is drawn up.
The good news is that in this case, the borrower does not have to pay any fines. However, there are several nuances. Deferral can only be granted on the "body" of the loan. This means that commission fees, insurance and other payments must be made in a timely manner. The validity of this service is not more than 1 year.
"Post Bank"
This is a relatively new financial institution, but today more and more people are issuing loans in it. In “Post Bank”, a delay in the loan is possible if the borrower applies for the “I miss payment” service. If necessary, it is also possible to change the date of the planned contributions or lower the interest rate a little. However, this is possible if the borrower has proved its insolvency.
However, if a client has not applied for a deferred payment of a loan at Post Bank and has delayed payment, then a fine will be charged. As a rule, its amount can be up to 20% of the total debt. Because of this, a client may have a bad credit history. Therefore, it is better to contact the bank branch in advance and report on possible financial problems.
Expert Advice
First of all, it is necessary to clarify whether banks give credit deferrals. If the financial institution does not have such a service, then there is a chance to get this service forcibly. To do this, the borrower must prove in bankruptcy his bankruptcy. Then, even without a delay in the loan, he will be released from debt obligations. But you need to be prepared for a counterclaim from the bank. Therefore, you will have to hire a good lawyer to prove that the client is not trying to deceive a financial organization, but is really in a difficult position.
