How to correctly fill out an application for a mortgage at VTB? What information is the borrower required to provide about himself? What information is required about the place of work? Is the application for a military mortgage at VTB different from other samples? The answers to these and other questions are in this article.
Magina Tatyana Vitalievna
Real estate expert, mortgage broker, banking specialist
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Please note that you cannot provide false information about your job, earnings, or current credit obligations. This is usually clarified at the underwriting stage.
Why does the bank need a borrower's questionnaire?
The specificity of mortgage loans is significant amounts of financing and long debt repayment periods. Accordingly, the bank is interested in obtaining maximum information about the potential borrower.
The questionnaire is a summary of basic information about all parties to the transaction. Filling out the VTB mortgage application form is mandatory not only for the main borrower, but also for guarantors and co-borrowers. On several pages they indicate information about employment, income, place of residence, presence/absence of children, property owned, etc.
It is on the basis of the questionnaire that the initial decision is made. If the credit manager, when checking the data, establishes a discrepancy with the information from the Pension Fund, Federal Tax Service and Rosreestr, the likelihood of refusal increases significantly.
The application form for a mortgage at VTB consists of 3 main sheets, 2 appendices and. You can fill it out either directly at the nearest bank branch or at home.
Procedure for filling out the form
In the forms and documents section you can apply for a VTB mortgage on the bank's website. The application contains seven mandatory points with sub-points. It is not recommended to skip them. When checking, the manager at the bank will definitely ask why there is no information in the columns.
Status
In the very first paragraph, the person filling out indicates his role in the transaction - borrower or co-borrower/guarantor/mortgagor. In the latter case, the degree of relationship with the main borrower is specified. Next, enter your full name and date of birth.
Source of information about mortgage loans of PJSC VTB
The bank wants to know where the information about mortgage products comes from. This could be an advertisement, a recommendation from a developer/realtor or friends/acquaintances, etc.
Personal data
This item is one of the most voluminous in the borrower’s application form for a VTB mortgage. The applicant is required to provide the following information:
- SNILS and/or INN. An individual taxpayer number is indicated if SNILS is not assigned for various reasons (for example, to military personnel).
- Address of the actual residence. Indicate in full, including postal code, country, region, etc. If the addresses of registration and actual residence coincide, the corresponding checkbox is placed in the application form. Additionally, the relationship to the apartment of residence is noted: commercial or social rental, property (including relatives), etc.
- Contact telephone numbers: cell phone, work, landline at the place of registration and actual residence. The application form for a VTB Bank mortgage also includes an email address. A message with approval/refusal is sent to the specified mobile phone number.
- The next point concerns the marital status of the applicant. Even being in a civil marriage is noted. If, special attention should be paid to the presence/absence of a marriage contract.
- Next, the borrower notes whether he changed his last name. The questionnaire provides space for final corrections. If there were several procedures, information about the rest is indicated in the addition sheet.
- Information about minor children. To fill out an application for a mortgage at VTB, you only need their dates of birth and place of residence (together with the applicant or separately).
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Education
Copies of diplomas are not required at the stage of filling out the application form for a VTB mortgage. Only the level is indicated (secondary, higher, etc.). Separate columns are dedicated to the presence/absence of an academic degree, MBA, etc.
Employment information
Only Military Mortgage participants can fill out an application for a VTB Bank mortgage without this clause. All others indicate:
- Participation in the salary project directly from VTB PJSC or another bank. A separate line is allocated for the salary card number.
- Main place of employment. A separate link is a fixed-term contract (indicating the dates of admission and dismissal) or an unlimited term. Business owners indicate the size of their share in the authorized capital.
- Job details:
- job title;
- monthly income after tax;
- length of service: general, last place, by profile;
- information about the organization: name, tax identification number, address, telephone numbers and website address;
- field of activity. If none of the options proposed by the bank are suitable, the required industry is indicated in a special column;
- number of personnel, taking into account branches and all divisions;
- how many years the company has been operating (the questionnaire provides several options for time intervals);
- availability of additional income. If the applicant has a part-time job, information about it is filled in in the application.
Assets
Based on this point, the bank assesses the client’s solvency. If the borrower chooses the Victory over formalities program and has a car, residential or commercial real estate, he fills out the Assets section in the addendum sheet. The same should be done (this follows from the example of filling out the VTB mortgage application form) if you own several cars or apartments.
In the main application form, the applicant indicates:
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- Availability of funds, including to pay the down payment. If there are several accounts/deposits, the amount for each is indicated.
- Availability of a car. The bank checks the year of purchase, brand and cost at the time of filling out the VTB mortgage application form.
- In relation to real estate, it is necessary to indicate the type (apartment, garage, house, land), the approximate market price (an appraiser's report is not required), the basis for the emergence of the right (purchase, receipt as a gift or inheritance, privatization, other).
additional information
In this paragraph of the completed VTB mortgage application form, the applicant is required to indicate whether he has undergone bankruptcy proceedings and whether he is a payer of alimony. In the latter case, the amount is written down.
This completes filling out the main form of the VTB mortgage application form. Applicant:
- confirms that he is familiar with;
- indicates that he is aware of the costs accompanying the transaction (this applies to state duties, payment for the services of an appraiser and insurer);
- gives .
If the application form with supporting documents is submitted to the bank not by the applicant personally, but by his representative, his full name is indicated in the application form.
You can fill out the VTB mortgage application form on the bank’s official website or one of the many aggregator platforms. Cross-outs and corrections are not allowed.
Basic Rules
Writing such an important document at the first stage of applying for a mortgage in VTB 24 as a questionnaire is not quite as simple as it may seem at first.
Important! The main rule of all is that the form must be filled out as truthfully and reliably as possible! There is no need to exaggerate your total or current experience, as well as your salary. In this case, it would be better to add additional income!
In particular, some other nuances can be mentioned as follows:
- If you are filling out the questionnaire on paper, the pen you will use to fill out the questionnaire should be blue or black; preference is given to a gel pen.
- It is possible that you made some corrections when filling out the questionnaire. In this case, all corrections must be signed by the person who filled out the form.
- If, when filling out the form, you did not have enough space for notes, add information to the addition sheet.
- If the form is filled out electronically, do not forget to sign your printed version of the form.
- If you submit the application form online, through the website, do not forget to read the information at the end of filling out that you trust the bank with your personal data.
Appendix No. 1
Appendix No. 1 contains information about the requested loan. The borrower indicates:
- Purpose of obtaining a loan. This could be the purchase of housing under construction or finished, refinancing or obtaining a loan secured by residential real estate. In the latter case, plans regarding money are indicated.
- Lending terms. This item is not completed by borrowers seeking refinancing. In separate columns, when submitting an application for a mortgage to VTB, the applicant writes:
- region in which the purchase is planned;
- type of object (apartment, house, townhouse, apartment);
- desired loan amount, repayment period and down payment amount;
- source of funds to pay the down payment (gift, own savings, NIS or maternal capital funds, other subsidies, loan).
Special programs
This item of the questionnaire is addressed to military personnel, persons choosing Victory over formalities with a corresponding increase in the down payment, or those wishing to purchase real estate put up for auction by the bank.
Desired payment period
The borrower can choose between the dates 2-5 or 15-18 of each month. As part of the Military Mortgage program, this item is not filled out.
Insurance
The borrower can choose a full package, including life and health insurance of co-borrowers and guarantors, with a reduction in the interest rate on the loan, or choose to insure only the risk of loss (destruction) of the collateral (required by).
Recommended article: Sberbank mortgage terms for building a house
Review period
Typically, the application is reviewed by the bank within 4-5 days , during which time the bank weighs its risks and losses in case of a positive decision, and also verifies the authenticity of the information provided by the borrower in his application.
If you decide to take out a mortgage under the special program “Victory over formalities” - a mortgage based on two documents, then you can expect a decision from the bank within 24 hours!
When considering an online application for a mortgage, the bank will make a decision within 2-3 days! Terms may change at the discretion of the bank.
How long to wait for an application to be approved and why a refusal is possible is discussed here.
Appendix No. 2
This sheet is not required to be completed. It provides additional information about:
- work (if the borrower has changed several organizations by the time he contacts the bank);
- cars and real estate owned. For the latter, you can indicate plans for the coming years (sale, rental) and the presence/absence of encumbrances.
Separate lines are allocated for information that the borrower considers necessary to provide about himself. This could be information about changing the type of activity, moving to another region, the birth of a child, etc.
If the borrower/guarantor/co-borrower does not sign Appendix No. 1, then Appendix No. 2 must be endorsed.
What documents are submitted to the bank along with the application form?
Just downloading the VTB mortgage application form is not enough to make a decision on whether to issue a loan or refuse it. The borrower submits for review to the credit department:
- identification. This applies to citizens of both Russia and other states;
- SNILS. If an insurance number is not assigned for various reasons (for example, to military personnel), the TIN is provided to the bank;
- proof of income. The certificate can be filled out or. Individual entrepreneurs need a declaration for the last 12 months. Only participants in the VTB salary project do not confirm income;
- a duly certified copy of the work record book or an extract from it;
- military ID. This clause applies to men under 27 years of age.
Foreigners are required to confirm that they are staying and working in Russia legally.
Required certificates and documents
In addition to the completed application form, you will also need a primary package of documents for its consideration. It includes:
- Identification documents (passport as a requirement and other additional ones: SNILS, military ID, driver’s license);
- Documents confirming the level of income (certificate of income in form 2-NDFL for employees, tax return and financial statements for individual entrepreneurs).
VTB Bank has the right to request additional documents from the borrower for a more detailed consideration of the issue of granting a mortgage loan.
Applying for a mortgage online
You can submit a VTB mortgage application online and receive a preliminary decision directly on the bank’s website by following these steps:
- Selecting a program (new building, secondary market, state support program 2020).
- Designation of the city in which the purchase is planned. You can fill out an application for a mortgage at VTB online without this point.
- Definition with additional points (area over 100 square meters, lack of proof of income, etc.).
- Entering the borrower's personal data. An email address and cell phone number are required.
- Filling out employment information (employer’s tax identification number, income, length of service at the last place of work and total).
- Indication of loan parameters: amount, down payment, including capital, financing period, type of property.
If the borrower decides to apply for a VTB mortgage and passes the initial verification, instructions for further processing of the mortgage loan are sent to the specified email address.
If the bank refuses, you can fill out a second application for a mortgage with VTB after 90 days. It is assumed that this time is enough to eliminate problems, for example, debts on other obligations.
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Author:
Mortgage specialist Maria Yurievna Sokhan
Date of publicationJuly 6, 2020 July 6, 2020
