Home equity loan at Sovcombank

At Sovcombank, as in all other credit organizations, early repayment of debt is possible. To close a loan ahead of the date specified in the loan agreement, you need to repay the principal debt and the interest accrued for the actual period of using the borrowed funds.

To make a full early payment, you need to notify the lender in advance of your intention and ask to recalculate the loan. If this is not done, Sovcombank will only debit the monthly payment from the card on the due date.

In the event that the borrower misses the monthly payment, the bank charges a penalty. Its amount is 0.05% per day of the overdue debt amount. In addition to the fine, failure to comply with the terms of the agreement can lead to a deterioration of credit history and debt recovery through bailiffs by means of arresting wages, restricting registration actions and travel abroad, as well as the sale of collateralized property.

Borrowers who meet the following requirements can apply for a consumer loan secured by real estate from Sovcombank:

• are citizens of the Russian Federation;
• have a residence in a region where a Sovcombank branch is located;
• are at least 18 and no older than 85 years old;
• have a work record at their current job of at least 4 months.

As for documents, obtaining a consumer loan secured by real estate from Sovcombank requires:

1. Passport of a citizen of the Russian Federation.
2. A second identity document of choice. This can be: SNILS, driver's license, INN, military ID, or international passport.
3. Certificates confirming income and employment.
4. Documents confirming ownership of the real estate.

A consumer loan secured by real estate from Sovcombank can only be disbursed to an account opened with this credit institution.

Repayment of the consumer loan occurs through automatic debiting of monthly payments from the bank account to which the borrowed funds were credited. You can top it up in any convenient way:

• in cash at cash desks and ATMs of Sovcombank and third-party credit institutions;
• in cash at Russian Post branches;
• by transfer between your own accounts;
• by transfer from cards of other banks.

Short name: PJSC "Sovcombank"

Tax ID (INN): 4401116480

BIC: 043469743

C/A: 30101810300000000743

OGRN: 1144400000425