Finance, Personal Finance
How do they cash maternity capital in legal ways?
Since 2007, the state has improved the financing of young families with two or more relatives or adopted children. Initial assistance amounted to a quarter of a million rubles., Taking into account inflation in 2014, a certificate worth 420,000 rubles is issued. Absolutely all families who have a second or subsequent child born after January 1, 2007 can claim state aid, this program also applies to adopted children. That is why parents ask themselves how they cash their mother's capital.
How to get financial assistance from the state?
To obtain a certificate confirming the right to state material aid, it is necessary to collect documents: a birth certificate for all children, a mother's passport, a certificate of compulsory pension insurance, and a court decision on adoption. Then you need to apply to the PF at the place of residence and write an application according to the established pattern. The organ is given only photocopies of documents. The certificate will be available in a month.
The main methods of obtaining funds
Maternity capital can go to pay for higher education of any child in the family, additional education in institutions that have a certain license, municipal and state schools or kindergartens. The certificate can be used to increase the accumulative part of the mother's pension , it is allowed to contribute money to private pension funds. Also, the issue of the possibility is being considered at the expense of state aid for obtaining higher education for the mother.
Which banks cash their parent capital?
PF staff will tell you how to cash maternity capital by legal means. If the family needs to improve housing conditions, then for a loan with subsequent repayment, state aid can be paid to the following banks:
- Sberbank - provides loans for 30 years at 14% per annum, works with ready-made buildings.
- DeltaCredit - issues housing loans with an initial contribution of 5%.
- VTB24 - issues loans for 50 years at 11% per annum. Maternity capital can be paid as a down payment.
Also, lending products are offered by the Bank of Moscow, Primsotsbank, UniCredit, Nomos Bank.
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