Mortgage repayment

Memo on repaying a mortgage loan using maternity (family) capital funds (MSC)

1. Obtain from Uralsib a certificate for the Social Fund of Russia on the outstanding principal debt and the outstanding interest payable for the use of the loan, including the bank loan account details.

Certificates for the Social Fund of Russia will be ready within 15 business days. To receive certificates for the Social Fund of Russia free of charge, call the bank’s toll-free number 8 800 250-57-57 and submit a request for the certificate. We will send the completed certificate by email*. It can also be collected from the nearest Uralsib branch.

2. Collect the documents

— passport,— maternity capital certificate — MSC (if available),— Individual Insurance Account Number (SNILS) of the applicant,— certificate for the Social Fund of Russia,— loan agreement,— residential property purchase agreement,— Unified State Register of Real Estate (USRN) extract (if available),— marriage certificate and spouse’s passport (if the spouse is included in the loan agreement),
— statement of compliance of the residential premises with the requirements and its suitability for living (if you are taking out a mortgage for: an individual residential house, a townhouse).

If you submit the application in person at a Social Fund of Russia branch or at the My Documents MFC, bring the original documents with you.

3. Contact the Social Fund of Russia:

— through your personal account on the Gosuslugi website,— or in person at a Social Fund of Russia office or at the My Documents MFC.

4. Within one month, the bank will send a notification about the write-off of maternity capital funds.

MSC funds are used for partial early repayment:— with a reduction in the loan term,— with a reduction in the annuity payment,— or for full early repayment of the mortgage loan.

The bank does not recommend using MSC funds to repay a mortgage loan if you plan to improve your housing conditions using the mortgaged apartment while the loan is still active. It is necessary to take into account that when selling this apartment, it will be necessary to allocate shares to the child or children and their parents, guardians, or adoptive parents specifically in this apartment.

* The certificate for the Social Fund of Russia is sent to the borrower’s or co-borrower’s email address if they are connected to Uralsib Online and their personal account contains information about their email address;

** Reduction of the annuity payment is possible only if the borrower submits the relevant application.

• Top up your account in advance to avoid technical delinquency. Do not forget to top up all accounts on time if you have several loans.
• Check that there is enough money in your account on the payment date.
  

When making a partial early loan repayment:

1. Top up the account for loan repayment in any convenient way for you.
   
2. Create an application for early loan repayment using Uralsib Online.

If the payment date falls on a weekend or public holiday, the funds will be debited on the next business day after the payment date.

To ensure that the interest rate on your loan does not increase, renew your mortgage insurance on time. Receipts confirming the insurance renewal must be sent by email to: kk@uralsibbank.ruEmail subject: Borrower Full name, loan agreement No.

More information about repayment methods is available in the memo.

A Uralsib employee will prepare the documents and submit to Rosreestr (Federal Service for State Registration, Cadastre and Cartography) an application for mortgage discharge and all required documents.

Check that there is no encumbrance 10 business days after the date of full loan repayment using the “Reference information on real estate properties online” service on the Rosreestr (Federal Service for State Registration, Cadastre and Cartography) website. Or order a free extract from the Unified State Register of Real Estate (USRN) on Gosuslugi.

If you are unable to make payments according to the schedule, inform the bank as soon as possible. This will help minimize the consequences of overdue payments. You may be offered to apply for loan restructuring.

Possible consequences of overdue payments are specified in the agreement with the bank.

The most likely consequences are described below:

• For each day of loan payment delay, the bank will charge a penalty; its amount is specified in the agreement.
  
• If mortgage payments were overdue 3 times within a year, the bank may demand early repayment of the full mortgage amount. The bank may also send a proposal to sell the apartment in order to repay the loan. If an agreement cannot be reached, the bank may go to court.
  
• In court, the Borrower has the right to request a postponement of the sale of the mortgaged property (Article 54 of the Mortgage Law). If the postponement expires and the loan has not been repaid, the court may sell the property through a public auction. Court costs and the borrower’s debt to the bank are deducted from the proceeds received after the sale of the property. The remaining funds are transferred to the borrower.