How to apply for a credit vacation at VTB in 2021

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

Financial institutions provide special preferential services in case the client has encountered difficulties in repaying the loan. Let us find out who can count on credit holidays at VTB in 2021, how to arrange them legally.

General conditions for obtaining

The official website of VTB Bank says that a user of the services of a financial institution can connect to a preferential credit vacation program. As a result, he will be given a deferral to repay the loan, but on condition that there are no delays in debt.

Credit holidays are a time period when a person can either reduce the amount of monthly payments on a loan, or suspend its repayment completely.

The institution that issued the loan decides for itself how long to grant a grace period to the client. In the case of VTB, this period is 1-3 months. At the same time, the credit history does not suffer. Also, when studying the contract, you need to make sure that the total amount of debt has remained unchanged. General conditions under which VTB provides credit holidays:

1. Depending on the type of loan product in question, you can get a deferred payment. The monthly payment during this period is zero.
2. In this case, for missed contributions, interest is charged, which is added to the amount of subsequent payments. The total loan term increases in accordance with the length of the vacation. The same applies to accrued unpaid interest.
3. At the end of the holidays, the bank's client continues to make monthly payments as it was before the grace period. That is, their size remains unchanged.
4. The interest rate on the loan is also unchanged.

For the period of a credit vacation at VTB Bank, there are no changes in the credit history, as well as no fines are levied.

Cash loan

In this case, the bank is ready to provide credit holidays of 1 month. It is important that the person does not have any loan delinquencies. You can connect to the program no more than once every 6 months. In addition, at least six months must pass from the date of the conclusion of the loan agreement.

Until the actual closure of the contract, there must be at least 3 months. In this situation, the missed payment is transferred to the subsequent period. At the same time, the term for which the loan was granted is also growing.

The option is activated starting from the day of the nearest monthly payment within three days after the person submits an application. The bank informs the client about its decision, whether the application is approved or not. To activate the service, you can contact the bank's contact center.

Car loan

As in the previous case, the vacation period is 1 month. And in the same way, there should be no delay on the loan. The connection conditions are almost the same regarding the expiration date of the contract, the period for its execution and the transfer of the missed payment to the next period. The only difference is that the option is connected from the date of the next monthly payment within 5 days after the application is submitted.

Mortgage

In the case of a mortgage, you can count on a credit vacation period of 3 months. In this case, the initial amount of the contract should not exceed 20 million rubles. It is important that at least six months have passed from the date of registration, and the applicant has no delay.

Accrued interest will be connected on the next payments. Their repayment period, as well as the time to pay off the loan debt, is increased by the same period.

Before drawing up an application and sending it to the bank, the employees of the financial institution recommend a preliminary calculation to change the payment schedule when the credit holidays are approved.

The holidays themselves actually start from the first day of the next payment month. If in the case of a cash loan, for example, you can activate the preferential service again, then with a mortgage it is provided only once.

The bank will inform additionally if the client is required to visit the office to sign the documents. If you do not conclude an additional agreement, the lender has the right to complete the holidays, which means actually transferring unpaid payments for the period of delay with the simultaneous accrual of a penalty under the agreement.

List of documents

If the client applies for the service in question, he will need to collect the documents provided in this case:

1. Papers confirming the loss of a citizen of work. This can be a work book, where the corresponding entry is made.
2. A certificate provided by a medical professional confirming that a person has a disease that requires long-term treatment.
3. Certificate from work indicating a decrease in the applicant's income.

If the client has lost his job and he has nowhere to take funds to repay the loan, you need to register with the Employment Center, register the status of unemployed and get a certificate of this.

Interesting! What will happen to the ruble in 2021

These documents, confirming the absence of income or their decrease by more than 30%, should be submitted to the VTB office no later than 90 days after the corresponding application is drawn up. If this is not done, the loan agreement will remain in effect on the same basis.

If there are any additional circumstances that contribute to a significant decrease in income, you can also inform the financial institution about this. When drawing up a loan agreement, the vacation service is connected automatically, but to activate it, you must draw up a corresponding statement, the validity of which must be confirmed by the client himself.

Where can I get credit holidays?

There are several ways to connect the service in question:

1. Directly at the VTB branch. An employee in the office reviews the client's application on the spot.
2. In your personal account on the bank's website. To do this, just log in by entering your UID and password. After that, following the instructions, you need to select the credit vacation service, tick the offered terms and wait for the employees to consider it.
3. Bank contact center. You need to contact the call-center operator who processes the application in real time, at 8 (800) 100-24-24.
4. Via a chatbot at VTB Online. To get into it, the client needs to enter his username or card number, after which he has access to the specified resource.

You can choose any of the proposed options to apply for VTB loan holidays in 2021. As is usually the case, each method has its own pros and cons. Bank clients say that when contacting a call center, employees often provide information that is not true. At the same time, the personal account is quite convenient and allows you to leave an application in a matter of minutes.

Outcomes

1. Clients who have significantly decreased incomes or do not have any sources of income at the moment can rely on the provision of credit holidays at VTB Bank. At the same time, they should not have valid delinquencies on this loan.
2. The collected set of documents must be complete and give a clear picture of the fact that a person really needs this service.
3. The Bank reserves the right to reject the application if it does not consider the reasons given by the client to be sufficiently compelling.