How to get insurance for the loan? Early loan repayment

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2019-04-17 00:20:31

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One of the additional services, which are paid by the Russians during the loan, - insurance. It reduces the risk of non-repayment of funds. Upon the occurrence of certain circumstances during the period of the contract, the Bank gets the money from the insurance company (IC). However, the loans, especially the consumer, are often repaid early. It turns out that the need for additional service disappears. Returns whether the insurance after repayment of the loan to the borrower in this case? Yes, but not in full.

A Little history

17.11.2009 the Presidium of the Supreme arbitration court adopted a resolution that the Commission on Bank loans refers to measures that infringe on the rights of consumers. During the following years had been examined hundreds of cases of return of illegally paid amounts. Banks were forced to cancel a Commission, which was an important source of their income. But then they quickly found an alternative – increased rates for use of the funds.

how to get insurance for the loan

After the entry into force of the Federal law “On consumer loan” is a new problem – the imposition of contracts of insurance when the loan. Customers began to file statements of claim, complaining:

  • The fact that the banks, scaring the denial of loan impose unnecessary contract;
  • The high cost of insurance;
  • That the refusal of refund for additional services, as prescribed initially in the credit agreement.

On the one hand, banks increase the fee, and customers are not aware of their rights. Fear of failure in obtaining a loan, they apply for additional contracts, and then thinking about how to return your insurance after payment of the loan.

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Who needs it

The Need for insurance still exists. Banks get more return of funds in emergency situations. If an insured event occurs, the company shall transfer to the credit institution a specific amount on account of repayment of the loan. If it exceeds the balance owed, the difference is paid to the debtor (in theory). If the amount of compensation is not enough to cover the debt, the Bank will look for ways to retain funds from the customer. Most often insured the risk of death, of disability 1, 2 groups. If we are talking about the property, the compensation will be paid in the case of illegal actions of other persons, damaged by water, fire, natural disaster, natural phenomenon, motor vehicle, traffic accident.

return insurance after loan repayment

Insurance

According to article 421 of GK of the Russian Federation, individuals and legal persons may freely enter into contracts. That is, the Bank has no right to impose to its customers any service as a condition of receiving loans. At the same time, the law spelled out the case when no life insurance client, the loan is not granted. We are talking about mortgages and buying a car. If the contract is signed, payments are regularly received, a logical question arises: after repaid the loan, whether the right to return the insurance?

The Beneficiary in such transactions is a Bank. If the loan is repaid in full, the client may terminate the insurance contract, since the property transferred into the property. The Bank shall recalculate and remit the balance. The insurer has the right to receive part of remuneration. Its amount is proportional to the time of the contract. Who paid off the loan, has the right to return the insurance. Provided, however, that the loan was paid early. That is, the return insurance after repayment of the loan in time will not work. The procedure depends on what it was designed loan: consumer or mortgage. In the first case, insured the life of the customer, and the second collateral.

Ways to save

Now, banks have no right to impose insurance when applying for a loan, except as stated by law. If it happened, try not to include the cost of services in the total amount of the loan. Otherwise, it will also earn interest. Who paid off the loan, has the right to return the insurance. This can be done in such situations.

 how to get insurance under the Sberbank loan

It is Possible to achieve a positive decision in the case of early repayment of the loan. This option will be discussed in detail next. Only be worth to note that the money is returned is not automatically. Will have to contact the Bank, write a statement to collect copies of the documents, and then wait for the decision.

How to get insurance for the loan? The client can be a disease in which is prohibited by law to enter into a contract. The list of exclusions is in the contract. But before signing the papers physicals nobody holds. The client may simply not know about such exception and to pay the cost of the service. You can order a recalculation, and asked to compensate for the money paid. But even in this case the client will not receive the full amount, and 87% (including 13% tax).

How to get insurance under the Sberbank loan?

The Client can refuse to participate in the program after receiving the loan. To do this, you must within 30 days from the date of registration securities to apply to the Department, write a letter to the head of. If you paid the loan, can I get insurance after a few months? In this case, the customer may receive a fee net of costs of connection to the programand taxes paid. This is about 50% of the original amount. Refund is also subject to the portion of the premium paid subject to full early repayment of the loan. The application should be made in two copies, the copies must be stamped with the date of registration of the paper. This option is more suitable for consumer loans.

if you paid a loan can I get insurance

Mortgages

How to get insurance under the Sberbank loan, issued for purchase of apartments, cars? Collateral is the guarantor of indemnification after the termination of the debt. To terminate this contract without paying the loan, it is impossible. To return funds, if the loan is repaid early and insurance paid for the entire period. In this case you need to contact the IC statement to provide the passport copy of the credit agreement, a certificate of early repayment of the loan. After that, the allocation and the remainder is returned to the client. Prudent borrowers is at the stage of signing documents to choose a program with annual renewal.

How to get insurance for the loan?

There are two solutions to this problem.

The First pre-trial settlement. After repayment of the loan can be returned insurance through the company that issued it. Many customers go directly to the Bank. But it is wrong. The financial institution is a mediator between SK and the client. It receives remuneration for that attracts customers.

You make a claim for recalculation of fees in connection with the repayment of the loan in the UK. The statement should be written in duplicate and registered. If the company office geographically removed, the statement must be sent by registered letter with notification. The document should specify the period during which the customer expects to get an answer. At the same time it is necessary to order an extract from the personal account, which will indicate how to allocate funds. Some companies react to this statement.

 how to return your insurance after payment of the loan

How to return your insurance after payment of a loan if a response is not received? You should write a letter to the CPS, giving it the copy of application, inventory, acknowledgment of receipt of the letter. How to return your insurance after repayment of the loan, if the answer from CPS is not received? To go to court.

The Proceedings can drag on for months. The claims amount to 50 thousand rubles considers the world court. The application should include the following:

  1. Credit agreement.
  2. Payment orders confirming the payment of the loan.
  3. The Contract of insurance.
  4. Calculation of the claim amount.
  5. A Statement to the insurance company.
  6. E-Mail notification and list of enclosures.
  7. The Response of the financial institution (if any)

It is important to calculate the amount of the claim. It may be less than the costs of the proceedings. You can try through the courts to recover them from the Bank, but not the fact that it can happen. Applications are accepted for three years. Here's how to get insurance for the loan.

Caveat

By law, if the Bank requires insurance for the mortgage loan, he is obliged to offer an alternative. In practice, such is the program with a higher interest payment or mandatory connection to the service SMS-informing.

Bank-insured

This scheme eliminates an important link – SK. This means that the norms of the civil code shall not apply to such contracts. If you paid the loan, can I get insurance? No. Received by the financial institution the premium is paying for additional services. It is not refundable in case of early termination of the contract. In such a situation, the Bank may decide to offset part of the amount to the client to maintain their reputation.

 who paid off the loan has the right to return the insurance

Loopholes

Alone to puzzle over how to get insurance for the loan, not worth it. It is better to seek help from lawyers. Most often for the solution of problems use one of the existing loopholes.

You Can refer to the wording in the contract of loan, which is associated with insurance. The document may contain the phrase such a meaning: “the insurance Contract is signed for the entire period of use of loan funds" (wording may differ). The meaning is as follows: if the loan is repaid early, the borrower's obligations to the Bank are deemed to be fulfilled, the obligations of the insurer, too, must end.

The Second option is to refer to the absence of risk. The contract is to ensure that when the insured event, the Bank got their money back. If the loan is paid off early, the need for such protection is eliminated. According to article 958 of the tax code, if “the insurance contract ceases to act before the deadline, which was concluded, or if the disappeared the risk of the insured event”, the company is obliged to make recalculation and to return part of the award.

But even these arguments for insurers rarely operate. Most often, it is necessary to solve through the courts. The result depends on the position of the judge. But the chance to return the funds is still there. Insurers, seeking to prove their loyalty to customers, include the documents the paragraphs governing the refund of premium upon early termination. Also do not forget about the Rules of insurance. Pre-study of these documents the customer can evenindependently.

after repayment of the loan can be returned insurance

Court practice

How to return an insurance on the loan if the customer is right and SC does not want to accept the documents? You should contact the organization for consumer protection. Its staff will help the client to defend the law in court, unable even to stand on the side of the plaintiff. Experience shows that the lawsuits, when financial institutions impose additional services to customers contrary to the provisions of law, the court often took the side of the applicant. In the case of loans, the organization acts as a seller, which imposes the signing of another Treaty.


Article in other languages:

AR: https://tostpost.com/ar/finance/16509-how-to-get-insurance-for-the-loan-early-loan-repayment.html

BE: https://tostpost.com/be/f-nansy/32011-yak-vyarnuc-straho-ku-za-kredyt-daterm-novae-pagashenne-kredytu.html

DE: https://tostpost.com/de/finanzen/31690-wie-sie-wieder-die-versicherung-f-r-den-kredit-die-vorzeitige-r-ckzahl.html

ES: https://tostpost.com/es/finanzas/31555-c-mo-devolver-el-seguro-de-cr-dito-amortizaci-n-anticipada-del-pr-stam.html

HI: https://tostpost.com/hi/finance/18143-how-to-get-insurance-for-the-loan-early-loan-repayment.html

JA: https://tostpost.com/ja/finance/16201-how-to-get-insurance-for-the-loan-early-loan-repayment.html

KK: https://tostpost.com/kk/arzhy/32344-alay-aytaru-a-sa-tandyru-sh-n-kreditt-merz-m-nen-b-ryn-teu.html

PL: https://tostpost.com/pl/finanse/33397-jak-zwrot-ubezpieczenia-kredytu-wcze-niejsz-sp-at-kredytu.html

PT: https://tostpost.com/pt/finan-as/33142-como-devolver-o-seguro-de-cr-dito-o-reembolso-antecipado-do-empr-stimo.html

TR: https://tostpost.com/tr/maliye/28752-geri-almak-i-in-nas-l-i-in-sigorta-kredi-kredinin-erken-geri-deme.html

UK: https://tostpost.com/uk/f-nansi/32553-yak-povernuti-strahovku-za-kredit-dostrokove-pogashennya-kreditu.html

ZH: https://tostpost.com/zh/finance/12950-how-to-get-insurance-for-the-loan-early-loan-repayment.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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