How to renew a loan for another person?

Good afternoon! I have this situation: not so long ago, my sister took out a loan at one bank. But recently, her financial situation has changed a lot. Now she does not work and sits at home with her child. He asks me to help her with the repayment of the loan. I'm not against. Can I reissue the remainder of the loan and repay the loan for it?Maxim, Ekaterinburg.

Hello! Many people have a situation when a close or close person comes, and sometimes a best friend, asks for help renew loan and become the one who will help repay this loan, at the same time fulfill all the obligations that the bank will provide.

Let's start with an article that also needs to be studied before starting to take such steps, since ignorance of laws can lead to sad consequences (Art. No398 GKRF).

After studying the article, you need to make sure agreement of all participants (financial company, buyer and credit holder). The next step for you will be the assurance that all documents are notarized and suitable for renewal. These actions are integral.

Then, together with the borrower, you need to inform the credit institution of the desire that you want to transfer the loan debt to another person. After write statement to a financial company in writing, as required by law.

After completing all these difficult procedures, you will need to provide a package of documents and name the reason for the decision of such an action. It could be: loss of a permanent job, serious disease from the one who took the loan, or resale housing, car. The reasons may be different, but they must be provided, otherwise there may be some difficulties in carrying out this operation.

There are times when the creditor said "no". What to do in this situation? No need to panic or make hasty conclusions, you can always find a way out of any situation, because the above method is not the only one. We recommend reading about where to get money if all banks and microloans fail.

First option - obtaining a loan from another financial company. The main advantage in this method is that everyone in this transaction will remain in "plus"This solution method is simpler. Read about how and where to get a loan without refusal in one of our articles.

The second option. If the members of the “transaction” are on friendly terms, this will allow us not to resort to official and difficult methods, allowing us to leave everything as it is and to trust the word that the third party gave and every month to wait for him to pay this loan .

But there is a possibility that without proper documents no one will be able to confirm that he is obliged to repay the loan, since the contract will be drawn up verbally and based on mutual trust. But you can make written contract that a third party agrees to pay a loan every month, notarizing it.

The third option. Renewal of a loan to a third party through a notary public.

What documents are needed for this:

Passport;
Certificate in the form of a bank or certificate 2-NDFL;
Labor book or its copy;
Any other citizen identification document;
A supporting document that is, any property or car at the buyer (borrower).

But still you have to turn to a loan specialist, as he will be able to give a more accurate list of documents and advise what is best done in your specific situation.

That’s all with us. The Rich Pro team hopes to be able to answer your question. See you on the pages of our online magazine!