VTB 24 mortgage restructuring (reviews, calculator)

In the regulatory framework of the Russian Federation, there is no single definition of the term restructuring (refinancing). At VTB, this means the revision of some of the terms of the agreement in order to repay the debt under a new profitable program. The mortgage restructuring program VTB 24 (reviews, calculation calculator can be found below) allows you to pay off debt without harming the budget. If the monthly payment is more than 40% of the borrower's income, the bank will consider an application to change the mortgage loan.
If the borrower fails to comply with any conditions of the mortgage agreement, the bank has the right to refuse.

Restructuring of a mortgage at VTB 24 to an individual in 2019

The Bank revises interest rates on deposits and loans every year. When developing a new loan program, you can apply to refinance an already taken mortgage in order to reduce the financial burden. VTB 24 Bank makes concessions to mortgage borrowers and revises the terms of contracts.

The restructuring of VTB 24 mortgage in 2019 (its clients and other banks) has the following features:

the monthly payment is halved during the year;
interest payment for six months. The main debt remains unchanged;
if the loan was issued in foreign currency, it is possible to convert it into rubles at 7%;
the term of the mortgage payment can be increased up to 10 years;
you can refinance 600 thousand rubles;

You can get approval for loan restructuring if:

justify the request: decrease in family income, illness, change in marital status;
flawless credit history; there should be no arrears in repayment of payments.

Conditions for restructuring a mortgage loan at VTB in 2019

Borrower requirements

The Bank provides a loan refinancing service only for citizens of the Russian Federation.

Bank requirements for the borrower:

age from 21 to 70 years;
registration in the area where the bank's branch is located;
the presence of a permanent income in an amount that allows you to pay off the debt in accordance with the updated terms of the contract;
work experience in the last place - at least 1 year.

If at least one requirement is not met, it is not possible to participate in the program.

VTB 24 mortgage restructuring in 2019 with the help of the state

VTB Bank has the right to refuse to restructure the mortgage debt due to delays in regular payments, late appeal to the bank, etc.

In this case, it is advisable to seek government assistance. The state program is also available for foreign currency loans.

The restructuring of mortgages from VTB with state participation is provided:

borrowers who have not made regular payments for a maximum of 3 months;
one-time in a fixed amount - 600 thousand rubles or 20% of the mortgage loan;
with the possibility of lowering the mortgage rate to 12%.

To become a participant in the state program, you must prepare a package of documents and attach a completed restructuring application. Such issues are considered in the (former AHML), and not in VTB 24 itself. The decision is made within 10 days. You can use the mortgage restructuring program on a state basis in the following cases:

if the amount of the monthly payment is less than 2 living wages;
if the total income of the borrower's family has decreased by more than 30%;
if the borrower's family has minor children, disabled children, as well as civil servants or employees of the Academy of Sciences;
if the area of the purchased property is no more than 100 sq.m. (for private houses - no more than 150 sq. m.), and for each family member, no more than 30 sq. m., provided that the family has no other residential real estate.

Who can restructure mortgage VTB 24

According to the new VTB resolution for 2019, the following categories of borrowers can apply for revision of the mortgage lending agreement:

WWII veterans;
disabled people;
disabled children;
parents who have more than 2 children;
persons who permanently live in a house in emergency condition;
medical workers, employees of fire departments;
persons who have subsidies;
civil servants who work in various government structures.

Restructuring mortgages of other banks at VTB 24

If a loan is taken from a third-party bank and restructuring is denied, VTB 24 Bank allows you to transfer the loan from a third-party bank to its balance sheet. You can use the state restructuring program.

To submit an application, you will need a package of documents, in particular, a certificate regarding the initial payment and a copy of the property sale and purchase agreement.
Before submitting an application, it is recommended to consult with a VTB specialist for or at the nearest branch.

How to apply for restructuring

The application can be completed in handwritten or electronic form.
You can apply for restructuring online at the bank.

To submit an application in handwritten form, you must print the form and fill it out in 2 copies in A4 format. One copy is submitted to the department, the second remains in personal documents. A copy is required when contacting a higher authority.

In the application, you must indicate information about yourself:

initials, date of birth, place of registration;
passport data;
contacts;
documents confirming the level of income;
form of employment. If you lose your permanent job, you should indicate this.

After considering the application, a bank employee will contact by phone and discuss further actions.

It is important to indicate the reasons why a revision of the terms of making mortgage payments is required.

The application can be made in free form, it is obligatory to indicate the following information:

the name and details of the bank, if the loan is not opened with VTB;
describe the terms of the mortgage agreement;
the reasons why it is not possible to repay the debt on the original terms;
wishes regarding the revision of the terms of the contract.

The copy that remains in the hands of the borrower must be certified by the seal of the bank, otherwise the document has no legal force.

Documents for mortgage restructuring at VTB 24

The following documents are attached with the application:

passport of a citizen of the Russian Federation;
a photocopy of the work book, with the stamp of the head or the personnel department;
certificate from the employment center (in case of job loss);
health certificate (if there is an illness);
certificate of disability;
other extracts and certificates confirming the deterioration of the financial situation.

If the borrower's death occurs, the next of kin must go to the bank and provide the relevant documents.

How to find out if mortgage restructuring is available at VTB 24

To find out whether it is possible to restructure a mortgage at VTB 24 in a particular case, you can first consult with a bank specialist at a bank branch. If you apply for a revision of the payment schedule of the current mortgage agreement or submit an online application for the bank, the bank employees will call back and inform you of the decision.

Calculator of preliminary calculation of mortgage for restructuring

You can calculate the amount of monthly payments using the VTB 24 mortgage calculator for the bank.