Restructuring of the loan in "Sberbank" to an individual: conditions, applications, documents and reviews

Taking a loan from Sberbank, an individual can not always fulfill the terms of the contract. Life goes on, the person changes circumstances: dismissal from work, divorce of spouses, illness. A restructuring of the loan in a savings bank may be granted to an individual. It greatly facilitates the procedure for repaying a debt to a bank in a difficult financial situation.

The restructuring should not be confused with refinancing. Refinancing is the issuance by Sberbank of a cash loan to repay loans taken by an individual in other banks. The purpose of refinancing is to pool several loans into one or lower the interest rate on previously issued loans.

What is it - the restructuring of the loan in Sberbank?

An individual is given the right to restructure.

This is a set of actions set by the bank in relation to the borrower, which entails the repayment of the loan by the client without prejudice to his financial situation. Restructuring is a reduction in the interest rate of the loan, the frequency of payments, and the increase or decrease in the duration of the loan.

Types of loan restructuring

What kinds of restructuring of loans in Sberbank? An individual is given the opportunity to choose:

- Exemption from payment of the principal debt on the loan, the borrower contributes only interest - credit holidays. In some cases, the exemption is for the entire amount of payments, but is extended for a certain period. In this case, there are also disadvantages: the borrower is threatened with an overpayment on the loan because of the increase in the duration of his payment.

- Failure or cancellation of fines and penalties that arose as a result of delay in payment of a debt.

- Reduction of the amount of monthly contributions by extending the loan term.

- Establish an individual payment schedule for the borrower to simplify payments. This can be either a transfer of the payment date, or a decrease in contributions in certain months.

Conditions for restructuring the loan in Sberbank

How is the loan restructuring carried out in Sberbank?

An individual should be aware that the decision to restructure the debt is taken by the bank. Under certain conditions, Sberbank provides debt repayment assistance to its borrowers. The Bank has the right to consider an application for debt restructuring in the following cases:

- First of all, it is overdue for over 30 days.

- Loss of the main type of income - dismissal from work.

- Situations that carry additional unscheduled expenses of the borrower - loss of ability to work, illness, death of a relative.

- A number of reasons of respectful nature (loss of additional types of income, pregnancy, loss of breadwinner, retirement, etc.).

- Death of the debtor. In such cases, the heir is granted a loan restructuring in Sberbank. Is it feasible to arrange it and what is needed for this?

Application for Restructuring

The application form can be filled in both at the Sberbank office, and you can download the form on the website, fill it out and send it by e-mail. It must specify the reasons for the restructuring, the types of income to pay off the loan on new terms, the collateral object to secure the loan (if any). After a short period of time, the borrower will be called from the bank and invited to a particular office to discuss the further process of cooperation. An expert is assigned to the debtor, with whom further actions and a list of necessary documents are discussed.

Documents for restructuring

The documents must confirm the difficult material situation of the borrower:

- A work record book with a record of dismissal.

- Documents confirming the deterioration of the financial situation: an order or a copy of it on granting leave to a woman on maternity leave, an order or a copy of it on granting leave without pay.

- A list of incapacity for work, information about disability.

- Income statement.

- Passport of a citizen of the Russian Federation.

The list of documents is individual for each specific case. When submitting an application, it is necessary to describe the financial situation most accurately to a bank employee. It should be remembered that the decision to restructure is taken by Sberbank, and an individual has no right to challenge the bank's rejection of the application. The submitted documents are checked. Then a decision is made on approval. This is what the restructuring of the loan means in PJSC "Sberbank". Conditions must be specified in the office.

Restructuring by credit card

A credit card is the most convenient form of shopping. If you do not pay off your credit card debt on time, interest is accrued on the loan balance and the amount of debt is growing. With a positive decision on the restructuring of the debt on the credit card, the client can be offered the following conditions: transfer of the loan maturity period; Breakdown of interest and principal on equal payments; Increase the maturity of the loan by reducing monthly payments.

Restructuring of a mortgage loan in Sberbank

An individual is given the opportunity to restructure Mortgage loan. The real estate object is a pledge for the bank, therefore the bank does not bear the risk of losing its funds. If the client stops payments, the credit organization realizes the property and returns its money.

For the borrower, there is a risk of losing payments that have already been paid on the mortgage. The term for the restructuring of the mortgage is big. The bank may refuse payment by installments, arguing that the client is not creditworthy. The client must insist on providing the organization with this service, since this is the best way out of the situation for the borrower.

Reviews

The reviews confirm that violation of the terms of the loan agreement entails the imposition of fines and penalties. To avoid an increase in debt, the borrower takes steps to restructure the debt. In this case, the loan amount becomes larger, but the increase in debt is much less than the imposition of penalties and penalties.

Customers are happy that there is a possibility of restructuring. It allows you to avoid the appearance on the threshold of the apartment bailiffs with a decree on the confiscation of property, thanks to this service you can get rid of calls from collection agencies, as well as avoid bad credit history. Early repayment of the loan after restructuring is not prohibited.

Now it became clear how to carry out a debt restructuring on a loan in a bank.