Early repayment of a Sberbank mortgage: full and partial

Standard procedure for early repayment

The procedure for closing a debt ahead of schedule is no different depending on the type of loan. Both mortgages and cash loans are closed identically and usually according to a simple annuity schedule. The only difference will be in the final steps: when the mortgage is completely closed, the encumbrance on the collateral must be removed.

The law states that the borrower is obliged to inform the bank of his intention to close the debt ahead of schedule in advance. Usually the contract states that at least 14 days in advance. But full repayment of a mortgage at Sberbank can be completed in one day - such an opportunity is presented by a rare bank; usually everyone delays the process.

Extinguishing options:

Complete. It is assumed that the borrower pays off the entire debt to the bank in one payment. In this case, only the remaining principal debt is repaid: all interest that would have accrued in the future is removed. As a result, there is a significant reduction in overpayments.
Partial. In this case, the contract does not terminate, since the borrower has repaid some of the loan, but not all. For example, if you have 100,000 in your hands, you put it on a mortgage and, through partial repayment, reduce the principal debt. As a result, the payment schedule changes and overpayments are reduced.

Any option can be used at any time. And it doesn’t matter when the mortgage was issued, even yesterday. And partial cancellation can be used at least every month, there are no restrictions.

Return of mortgage

A house or apartment is pledged to the bank, and this is confirmed by a mortgage - a security that regulates the relationship between the borrower and the lender. It spells out the basic terms of the loan, which means that if discrepancies are identified in the agreement, the mortgage will have the upper hand. Therefore, the preparation of this document must be approached with particular caution.

A mortgage can be issued with or without a guarantee. In fact, this security is mainly needed by a financial organization, since it is what it will need to remortgage or sell the apartment to another organization if you cannot cope with your debt obligations.

There is an important point here: although your property is transferred to another lending company, it will not be able to change the terms of the mortgage.

After you have closed the loan, the bank is obliged to give you the original mortgage note with a note indicating the fulfillment of debt obligations and the absence of claims against you from the lender. The date of the last payment and its exact amount must also be indicated.

The procedure for transferring purchased real estate as collateral to the bank is formalized using a mortgage, which is a registered security that regulates the relationship between the lender and the borrower on issues of collateral relations and debt repayment. It specifies the key terms of the mortgage loan, which are considered essential.

A mortgage can be issued with or without a mortgage. Such a document is needed, first of all, by the bank, since it is with its help that it can later remortgage or sell it to another credit institution. At the same time, the lender who bought the mortgage cannot change any conditions on this mortgage.

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The main purpose of a mortgage is to attract financial resources in the mortgage market. If necessary, the bank, for example, can sell the accumulated reserve of mortgages and receive the necessary funds for turnover.

If a mortgage was issued for the loan, then after closing the debt the bank is obliged to give the borrower the original of this document with a note about the fulfillment of all obligations. In particular, on the reverse side the lender writes: “All obligations under this mortgage have been fulfilled in full. There are no claims against the borrower and pledgors.” The date of the last loan payment is also indicated there, indicating the exact amount.

The next step after repaying the debt and receiving a mortgage is to contact the registration authority with a request to remove the encumbrance.

How does early repayment of a mortgage work at Sberbank?

First, let's look at the simplest option offered by the bank - via the Internet. Sber became the first bank in the Russian Federation that does not create obstacles for borrowers and allows you to close any loans on the same day of application via the Internet. And mortgages are no exception.

Sberbank does not indicate the need to compulsorily write an application in advance.

What you need to complete a full mortgage repayment via the Internet:

Possibility of logging into Sberbank Online.
An account in Sberbank, which is reflected in banking. This will be used to close the loan.

So, if you have the required amount on hand, simply deposit it into your Sberbank debit account. Afterwards you can immediately begin the procedure.

How to register ownership of an apartment after paying off the mortgage

Registration of ownership of the apartment after repayment of the mortgage is mandatory, as it will allow full disposal of the purchased housing.

When a family purchases a home through a mortgage, paying the last payment becomes an event. But in reality, it doesn't end there. An important procedure after paying off a mortgage loan is to remove the restriction on the purchased home.

Step-by-step process for complete cancellation via the Internet

Now we are talking about the complete closure of the mortgage loan. That is, after completing the procedure, the debt to the bank will be completely closed. Upon completion, the encumbrance will need to be removed.

How to close a mortgage at Sberbank:

Log into the Sberbank Online system and find a mortgage in the loans section. In the loan card, click on the link “Loan transactions”.
You need to go to the early cancellation section and select the full option there.
In the window that opens, select the account from which funds will be debited. Also include the date. It is better to do the operation day after day, then the calculations will be accurate.
The system recalculates and indicates the amount. Afterwards you need to send an application and confirm it with a code sent to the borrower’s phone.
The application is sent to the bank. Soon it is processed, the money is debited from the specified account and transferred to the credit account.
A record of the procedure will appear in banking.

Now we can congratulate you, your obligations to the bank have been fulfilled! Then comes another important stage - the removal of the encumbrance from the real estate, which served as security for the transaction. Until this is done, it is impossible to freely dispose of property.

The amount is calculated taking into account that the cancellation is carried out today. If you choose a different date, you need to calculate the required payment yourself (or call 900).

Redemption of a registration record

Redemption of the mortgage registry is the final procedure for fulfilling your loan obligations. In accordance with the Federal Law “On Mortgage” (Article 25), the encumbrance can be removed in the Office of the Federal Service for State Registration, Cadastre and Cartography (Rosreestr). In some cities and towns, this function can be performed by the MFC.

To complete this operation, the borrower will need the following documents:

borrower's passport;
original letter from the bank confirming repayment of obligations in full (on letterhead with all necessary signatures and details);
a mortgage obtained from a lender;
power of attorney from a bank employee for withdrawal
encumbrances (if a representative of the credit institution does not accompany the client to the registration authority);
title documents (sale and purchase agreement, certificate of ownership);
a statement of the established form with a request to remove the encumbrance (written on behalf of the borrower);
a receipt for payment of a state fee of 200 rubles (paid only if it is necessary to issue a new certificate without encumbrance marks).

After completing all formalities and submitting all necessary documents to the Rostreestr, the encumbrance is removed from the property, the former borrower becomes its full owner with the opportunity to carry out any legal transactions with his property and receives a new certificate.

It will take 3 to 5 business days for the mortgage registry to clear. All information about the status of a particular case is freely available on the website of the registration authority.

Only after the record of encumbrance is paid off does the mortgage cease completely.

The process of removing the encumbrance

And again, Sberbank simplified the task as much as possible. The vast majority of banks say that after cancellation you need to go to the branch, request documents, and bring them to Rosreestr. Sber acts completely differently, making life easier for its clients.

The bank itself initiates the process of removing the encumbrance; the borrower does not need to go anywhere for this. Within two days after the mortgage loan is completely closed, the bank begins the process by informing the client via SMS. Within 30 days, Sberbank will independently transfer the necessary package of documents to Rosreestr.

The former borrower will be given access to his personal account, where he will be able to track the process of removing the encumbrance online.

Following the procedure, the client also receives an SMS about the success of the transaction. And all this is done without visiting the office and writing an application. You can then request confirmation that there are no restrictions on housing. The check is carried out on the Rosreestr website or through the State Services portal. If you order an extract from the Unified State Register of Real Estate, information about the encumbrance will not be there.

The concept of encumbrance and the procedure for removing it from a mortgaged apartment

The next step is to pay off the mortgage registry.

The Federal Law “On Mortgages” (Article 25) implies that the encumbrance can be removed from the Office of the Federal Service for State Registration, Cadastre and Cartography. In some localities and cities, this service is also available at the MFC.

To do this you will need the following package of documents:

Borrower's passport;
The original certificate confirming the fulfillment of obligations in full - must be printed on company letterhead and have all the necessary details and signatures;
Mortgage from a lender;
Power of attorney to remove the encumbrance if a bank representative cannot accompany the client during the procedure;
Statement of the established form on behalf of the borrower;
Receipt of payment of the state fee (cost is 200 rubles, and is paid only when you need a certificate without encumbrance marks).

If the mortgage was issued without a mortgage, the lender and borrower need to write a joint application to remove restrictions on the property. In addition, the mandatory presence of a bank employee with a power of attorney at the MFC will be required.

After all the necessary documents are transferred to Rosreestr, the encumbrance on the property will be removed, and the former borrower will become its full owner and will be able to carry out any transactions with the property - sale, donation, etc.

Clearing a registration usually takes about 3-5 business days, and all information about the status of your case will be freely available on the registration authority's website.

Many people do not know how to register ownership of an apartment in a new building with a mortgage. Real estate transactions require compliance with a procedure defined by law. And buying an apartment with a mortgage secured by a bank complicates the registration procedure. Conditions for registering an apartment There are two options for buying an apartment in a new building.

The first option is to purchase during the construction stage, and the second is after the house is completed. One of the very first documents that the future owner of an apartment receives is an agreement for shared participation in the construction of an object (DDU) or any other type of contract for the acquisition of housing ownership. Registration of ownership of residential space in a new building begins after the house is built and ready for inspection by government agencies. The process of registering rights to future real estate directly depends on the developer.

How do you register ownership of an apartment after paying off the mortgage? To remove the encumbrance after full repayment of the mortgage, the borrower provides the following to Rosreestr:

passport;
application requesting the removal of the encumbrance;
a pledge agreement indicating full payment of the debt;
original loan agreement;
legal document (extract from the Unified State Register of Real Estate);
application from the creditor bank (if necessary).

If at the time of removal of the encumbrance the bank ceased to exist, a corresponding extract from the Unified State Register of Legal Entities is provided or the encumbrance is removed in court. If under a military mortgage, the purchased apartment also immediately becomes the property of the serviceman. Ownership rights are formalized according to the usual scheme with an entry in the state register.

The seller receives money only after registering the right to the apartment.

Encumbrance refers to the process of registering a mortgage on an apartment purchased on credit. This procedure is considered a guarantee of further payments from the borrower. Without it, obtaining a mortgage to purchase a home is impossible.

A mortgage is a (registered) security that regulates collateral relations, as well as issues of debt repayment between the lender and the borrower. The document specifies the basic terms and conditions of the mortgage that are essential. If the provisions do not comply, the mortgage is considered a more significant legal document compared to the mortgage agreement.

If the client maliciously evades payment of fees, the banking organization, on the basis of the mortgage, has the right to confiscate the mortgaged apartment and subsequently realize (remortgage, sell) it to pay off the debt.

Having fulfilled the payment obligations, the owner should begin to remove the burden from the apartment. The procedure boils down to the following steps:

Receive the original mortgage note from bank employees. The document must contain information:

on the client’s fulfillment of all obligations to the creditor;
about the absence of claims against the borrower (a note is made on the back of the mortgage document);
about the date of the last payment.

The mortgage note is certified by the signature of an authorized bank employee.

Contact the local branch of Rosreestr or MFC. All apartment owners must contact the authority, having previously collected a package of necessary papers.

To contact the registration authority, apartment owners must collect the following documents:

mortgage (original) – issued in one copy to all owners;
written confirmation of the closure of the mortgage - the document is drawn up on the letterhead of the banking organization with details, seals and signature of authorized employees;
personal documents (passports) of all owners (for minors under 14 years of age - birth certificates);
power of attorney (if he is not present) from the bank employee who executed the mortgage document;
agreement on the acquisition (purchase and sale) of an apartment;
requirement to remove the encumbrance;
loan agreement – there is no need for a document if a bank employee accompanies clients during the procedure;
check for payment of the duty - the duty is 200 rubles (paid when ordering a new extract from the Unified State Register of Real Estate, in which there are no records of the burden).

The registration service will remove the restriction from the apartment within 3-5 days. All data on a specific loan case can be found on the Rosreestr website.

If, when issuing a loan, the bank refused to draw up a mortgage, then when contacting Rosreestr to remove the encumbrance, the owners and the bank provide a joint application. The presence of a representative of the creditor is mandatory.

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Partial early repayment of a Sberbank mortgage

Now consider the option of partially closing the loan. There is no limit on the amount of transactions; you can deposit as much as you like into your account. And again, the procedure can be carried out on the day of application without visiting the office and writing an application.

How to repay a mortgage partially ahead of schedule at Sberbank:

Go to Sberbank Online, select a mortgage in the list of loans and in the early repayment section select the option - partial.
Specify the account from where you want to send the money and the amount of payment. The payment date will be the nearest date of debiting the monthly payment. Partial cancellation is possible only on this day.
Submit an online application and confirm it via SMS.
By the designated day, provide the specified amount in the declared account. On this day, money is transferred from the debit account to the credit account.

After partial closure of the mortgage, the payment schedule will be modified. When carrying out the procedure online, only one change option is possible - the loan term remains the same, but due to the reduction of the principal debt, the monthly payment is reduced.

Rules for drawing up an application

The application for early repayment is filled out on a special form developed by SB for its clients. You can obtain the form at any branch. When filling out the application you will need to indicate:

Personal data – full name, residential address.
Passport data – series and number, by whom, when and where issued.
Information about the loan agreement - number and date of conclusion.
Planned payment date.
The account number from which the money will be debited.
Payment amount.
Signature, its decoding and date of submission of the application to the bank.

We do not recommend completing the documents yourself. Save time - contact our lawyers by phone:

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The payment amount must be calculated accurately. It can be partial or complete. When closing a mortgage loan in full, it is important to pay down every penny so that there is no debt left.

Is it possible to reduce the period with partial cancellation?

The bank is interested in another option - when the term remains the same and the payment is reduced. Borrowers often want to do the opposite - let the payment remain the same and the term be reduced. This is also more profitable, since the total overpayment will be less.

But in this case, the bank indicates that then partial repayment of the mortgage is processed through the branch. That is, you need to come in advance, write an application and be sure to indicate how you want to modify the schedule.

If you do not have access to Sberbank Online

If we consider whether it is possible to repay a mortgage early at Sberbank not via the Internet, then, of course, this is also possible. If you do not have access to the system, if you cannot pay from your debit account, just use the classic option - contacting the bank and writing an application.

In this case, you come to the bank branch where mortgage clients are serviced and write an application. But this needs to be done in advance. You can find out how much in advance by calling the Sberbank hotline at 900.

By the date indicated in the application, you ensure the money is in the account. You can put them there in any way: in cash at the cash register, by transfer to another bank. After this, the operation is completed, the client receives confirmation via SMS.

The conditions for partial and full repayment of a mortgage loan at Sberbank are extremely simple. It is most convenient to act through online banking, then everything goes quickly and without visiting the office.

Information sources:

Sberbank website: Reference guide to Sberbank Online.
DomClick website: Removing the encumbrance after paying off the mortgage.

about the author

Irina Rusanova - higher education at the International East European University in the direction of "Banking". Graduated with honors from the Russian Economic Institute named after G.V. Plekhanov with a major in Finance and Credit. Ten years of experience in leading Russian banks: Alfa-Bank, Renaissance Credit, Home Credit Bank, Delta Credit, ATB, Svyaznoy (closed). He is an analyst and expert of the Brobank service on banking and financial stability. [email protected]

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Last payment

The debt under the mortgage agreement is repaid in accordance with the payment schedule. The client has the right to strictly follow it in terms of amount and terms (pay according to schedule), and to pay ahead of schedule in larger amounts (in this case, the debt is recalculated in favor of the borrower).

The bank must be notified that you plan to close your mortgage early. This can be done directly at a bank branch by writing a corresponding application (a sample application must be requested from the bank), by calling the call center or carrying out an early cancellation operation in the bank’s personal account online. This operation is necessary for the bank to recalculate the payment schedule.

To make the final payment on the loan, you must request information from the lender about the amount of the remaining debt. They can be obtained by contacting the bank in person orally or in the form of a statement, as well as by telephone. The designated amount is paid by the borrower in a way convenient for him.

Immediately after such payment, it is recommended to issue a certificate of absence of debt from the bank. It can be either paid or free. Such a certificate is an official document and is certified by the signatures of authorized persons on the part of the creditor. If necessary, it can be presented at the place of request.

Help contains the following information:

the date of full repayment of the debt under a specific loan agreement (indicate its number and date of conclusion);
FULL NAME. borrower;
date of issue of the certificate;
position and full name the person who signed the document;
a phrase about the absence of claims on the part of the bank to the client.

In most banks, after the last mortgage payment has been made, the loan account is closed automatically. However, if such a service is not available, the client must independently write a statement demanding that the account be closed due to the fulfillment of obligations on its part. To do this, you need to have your passport, a mortgage agreement with a payment schedule and payment receipts (just in case).

If the borrower plans to repay the entire mortgage debt ahead of schedule, then the date of such repayment is agreed upon with the bank and the amount is specified. It is highly not recommended to carry out such operations without approval from the lender, since the amount of the final payment may be calculated incorrectly (either up or down).

For your own peace of mind, you can additionally make a request to the Credit History Bureau about the quality of fulfillment of your obligations. The information received contains all the information about the mortgage, the nature of payments and the assumption or absence of delays. Due to the human factor, as well as the features of the program, data may arrive with some delay, which requires clarification.

The debt is repaid in accordance with the schedule established by the bank. You can either follow it, depositing into the account exactly as much as is specified in the agreement, or you can repay the loan ahead of schedule - and deposit more than what is stipulated in the agreement. However, it is worth notifying the lender about this in advance - either at the branch, writing a corresponding application, or by calling the organization’s call center. Then the organization will automatically recalculate in your favor.

To make your final payment you will need:

Request information from the lender about the amount of remaining debt. The fact is that the amount could change - for example, if in some month you paid a little more than usual. This can be done either in the department, orally or in the form of an extract, or by calling the hotline. You can also find out the amount of the last payment in the application or in online banking;
Pay the loan in a way convenient for you;
After repayment, contact the bank branch again and ask for a certificate of no debt. Depending on the company, it may be paid or free. But it is necessary to formalize it, since it is an official document certifying that you have no monetary obligations to the creditor. It must contain the signatures of authorized persons from the organization.

The certificate must necessarily indicate the date of the last payment, the number of the loan agreement and the number of its conclusion, as well as the full name of the borrower, the date of issue and information about the persons who signed the paper. Finally, it must contain a phrase confirming that the bank has no claims against the client and the loan has been fully repaid.

Still worried? Contact the Credit Bureau. There they will tell you about the quality of your performance of debt obligations, any delays (if any) and the nature of payments.

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