Is it profitable to refinance a consumer loan? Banks refinancing loans

Which banks are involved in refinancing loans? Is it possible to refinance mortgages, consumer and card loans, overdue loans? Previously, financial institutions did not engage in this type of activity, but in the current crisis, this unspoken rule is increasingly violated, banks offer various refinancing programs, making it easier for customers to make payments, minimizing the risks of non-repayment.

Refinancing is directed lending, in which the received cash in a strictly defined amount go to repay an existing loan in another bank (or in the same financial institution). As a result, the client gets the opportunity to facilitate payment, reduce monthly payments and interest, and the bank acquires a new client. Which bank is the best to refinance a loan this year? It will not be possible to give an unambiguous answer, everyone has different programs, they are aimed at conditions that differ from each other. For example, if you need to refinance several consumer loans, including card loans, you need to choose a bank that allows you to combine such loans into one, and then repay the issued amount in one payment.

Consumer and car loans

Which banks do refinancing consumer credit and car loans? The list is quite long, but best programs offered by the following financial institutions:

Rosselkhozbank (for 10 thousand - 1 million at 21% and up to 5 years);
Tinkoff (up to 750 thousand, rate 18%, term - 5-60 months);
Opening (rate 19%, funds are issued in the amount of 30 thousand - 500 thousand, the maximum duration of the contract is 3 years);
Sberbank (you can get up to a million at a rate of 17-25.5%, the contract is concluded for a period of up to 5 years) ( how to refinance a loan at Sberbank?)

Which banks refinance loans for the purchase of cars or consumer goods, including card loans, if the debt amounts to a million rubles? In this case, there are two banks offering favorable conditions and interest rates: VTB 24 and Rosbank. However, the solution to the issue depends on the type of loan already available, the balance in the amount, the presence or absence of delinquencies.

Rosbank works with consumer and auto loans, offering refinance up to 1 million at 16-18.5%, the agreement will be concluded for up to 60 months.
VTB 24 is also engaged in on-lending consumer loans on the following conditions: the issued amount is 30 thousand - 1 million under 16-17.5, the contract is concluded for 60 months - 50 years.

Attention: The specified conditions are basic, the exact size of the rate, the amount of funds, the time of the contract depends on the balance of the debt, the value of the collateral, the age of the borrower and the level of his income! After providing a package of required documentation (each financial institution is established independently), an offer is made to the client if the refinance decision was positive (refinancing is allowed).

Mortgage refinancing

Relending mortgage agreements not all banks are involved, since such loans are associated with high risks for the financial institution itself. Among the best offers, the following should be noted:

Rosbank offers refinancing in the amount of 1.5 million - 15 million, interest rate 12.75-19%. The contract is concluded for a period of six months to 60 months;
VTB 24 prefers on-lending of internal, that is, its own, mortgage agreements, but there are also external programs: in the amount of 500 thousand to 75 million at 15-17%, terms of 60 months-50 years, conditions are offered individually after consideration of the submitted documentation ;
Alfa Bank is also engaged in mortgage refinancing, offering amounts of up to 60 million at 17.6%, the maximum possible term is 25 years.

What to do if there is a loan delay?

Previously, refinancing in the presence of bad credit history was not carried out at all. But now, due to the large volume of defaults, some banks have begun to offer refinance programs for just such loans - with the presence of delays. What are the benefits of the bank? It's simple - it enables the client to reduce the burden on monthly payments and reduces their own risks of loan defaults. Such a service may not necessarily be provided by the very bank where the loan was issued earlier, some companies work with loans from other institutions.

How to get refinance and what are the chances of it? Depending on the chosen bank, the following conditions are imposed on the client:

minimal violations (delay should not be large);
availability of a collateral with an adequate value;
guarantor or co-borrower.

The choice of the bank must be made based on the size of the future monthly payment and the amount of overpayment, the date of the final repayment. Which banks refinance late loans? The list includes:

SB (Sberbank of Russia);
Rosbank;
Gazprombank;
BM (Bank of Moscow);
Alfa Bank;
Opening;
VTB 24;
Raiffeisen;
Home Credit;
Russian Standard and some others.

The conditions of each of them are different, they are aimed at satisfaction different situations... For example, SB offers the option of refinancing external loans with a rate of 17-20% and the possibility of receiving funds in the amount of 15,000-1,000,000 (depending on the balance of the debt).

VTB 24 prefers to refinance its own loans, but for favorable terms with a rate of 15-17%. He can refinance third-party obligations, but he is extremely reluctant, but it all depends on the availability of collateral and the balance of the debt.

When applying for refinance at any financial institution, a number of documents will be required from the client:

passport to confirm identity and place of registration;
confirmation of income (form 2-NDFL);
a certified copy of the employment contract / work record book.

The complete list depends on the bank, some require confirmation of ownership, the conclusion of a surety agreement or co-loan. It must also be remembered that the funds are not given to the client in cash, they are immediately credited to the creditor's account for full repayment loan. From this moment on, new conditions come into effect, which the client has undertaken to fulfill.

Don't know which banks are refinancing a loan to an individual? How to highlight from all the diversity best deals 2019? After reading this review, you will find out: in which bank it is profitable to apply for refinancing consumer loans from other banks! The list was compiled by an independent expert in banking products and part-time the author of a financial blog! Therefore, it will be interesting!

In connection with the gradual decrease in interest rates on loans, for many borrowers there is an acute issue of refinancing their loans, which were taken in previous years. Most often, refinancing a loan in another bank is due to 2 main reasons: either an existing loan was taken high percent, or now the borrower's financial situation has changed and it has become much more difficult to pay under the loan agreement. In this case, it will be beneficial to refinance your loan obligations and save on interest and monthly payments. In this article, I will tell you where it is best to refinance loans from other banks and what conditions are most beneficial for individuals in 2019.

Why refinance loans from other banks?

To begin with, let's define how a new loan to pay off old loan obligations in other banks can help us. What are the advantages of refinancing programs for us, individuals:

Reducing the interest rate on the loan. As I said above, if you took out a loan on not very favorable terms for yourself, then refinancing is a way to correct your mistake and save on interest. But there is a nuance here. The fact is that most banks issue loans according to the system of differentiated payments. What does it mean? This means that at the beginning of the loan repayment, let's say in the first 3-6 months, the main share of interest is paid. And then the main debt is paid off. Therefore, I recommend that if you do refinancing in order to lower the rate, then it is better to do it as early as possible. When there are several months left before the end of the loan term, there is no point in re-lending in order to save on interest. But if you need extra cash, then refinancing is fine.
To reduce monthly payment on a loan. Everyone can find themselves in a situation where the financial situation changes dramatically. And naturally, this affects your ability to pay off your loan obligations. In order to avoid delays and in order to make it more comfortable to pay your loan, you can use the services of banks for on-lending. With a new loan, you simply increase the term, and the payment becomes smaller. But here do not forget about the other side of the coin - overpayment.
Consolidation of several loans into one. Most borrowers in Russia have two or more loans. Moreover, loans, as a rule, are in different banks. This is not very convenient, because you have to pay 2 or more times a month. And this takes up our time, which can be usefully spent differently. In such cases, people and are considering refinancing to combine all loans and pay only one.
Release the loan collateral. In this case, an issued car loan secured by a car or a mortgage can be refinanced with an unsecured loan, and thereby release the collateral from credit obligations. This is very convenient when you need to sell your car or apartment, which are pledged to a credit institution.

TOP-7 banks for refinancing loans to individuals

After analyzing the mass of offers for individuals to all well-known banks in the country, I came up with the list of 7 best banks offering the most favorable conditions for refinancing, on-lending and consumer loan consolidation programs, including credit cards, mortgages and microloans. For everyone who wants to apply for refinancing, I strongly recommend that you first familiarize yourself with this rating, compare and choose suitable conditions for yourself and, without delay, leave an online application via the Internet.

The best offer of 2019 - refinancing at Alfa-Bank

In 2019, the refinancing program from Alfa-Bank is very popular. This credit organization is developing at a very fast pace and strives to attract as many clients as possible, offering very favorable conditions. And of course, this cannot but rejoice, because the interest rate here is considered one of the lowest, and the process of obtaining a loan is fast!

Consider the terms of lending from Alfa-Bank

Low loan rate from 11.99%. Calculated individually.
The term is from 1 to 5 years. For payroll clients, the maximum term is 7 years.
The loan amount is from 50 thousand to 4 million rubles.
No collateral is required (no collateral, no guarantors).
Do not lend to individual entrepreneurs.
Refinancing is possible of all types credit products, including microloans of MFOs, car loans and mortgages.
Single application for refinancing and additional money (if necessary).
Online application solution in 15 minutes!

Refinancing of consumer loans in Moscow from Interprombank

Are you looking for where to refinance your loans in Moscow and the Moscow region? The program of refinancing loans in third-party banks from the Moscow Interprombank is considered one of the most interesting for residents of Moscow and the region. Only residents of the capital and the Moscow region aged 18 to 75 can leave a request here. Thus, even retirees up to 75 years old can refinance a loan here.

Conditions for refinancing loans at Interprombank

Loan rate from 11% (minus 1% after completion of refinancing)
The term of the new contract is from 6 to 72 months.
The loan amount is not less than 45 thousand rubles and not more than 1.1 million rubles.
Registration and residence must be in Moscow or the Moscow region.
Having received a loan under the refinancing program at Interprombank, you can combine all your loans and pay only one monthly payment. In addition, if your credit history allows, then you will be offered additional money for any purpose.

Favorable refinancing without certificates and interest-free for 120 days

Tinkoff Bank now has unique conditions that no bank in Russia offers. The peculiarity of the conditions lies in the fact that if you draw up a card at Tinkoff and the required limit is approved for you, then you can pay off the debt in another bank with this money completely free of charge (credit, microloan or credit card). And the main advantage is that you will not be charged interest on a Tinkoff credit card for 120 days (4 full months) on the transferred amount of debt from another bank! it great way refinance your consumer loans with third-party banks. If you have a mortgage loan, then use another offer - Tinkoff Mortgage .

To take advantage of the favorable conditions "Refinancing without interest for 120 days" you need:

to a Tinkoff credit card and receive a decision within 5 minutes.
If the card is approved, a bank specialist will deliver it to a place convenient for you.
When activating the card by phone, tell me that you want to transfer the debt from another bank.
It will be necessary to inform the Tinkoff operator of the details for transferring money to another bank.
Within 1-2 business days, the bank will transfer money from your credit Tinkoff cards to pay off debt in another bank. And you will receive 4 months of an interest-free period for this amount of debt.

In the event that a request was denied Tinkoff bank on a credit card or did not arrange a limit, Alfa-Bank has a similar product. There, too, you can apply for a credit card, pay off the debt in another bank with this card and not pay interest on the Alfa Bank card for 100 days. That is, a kind of percentage vacation on the card. This is a great way to refinance a small loan or microloan from another bank. ...

Refinancing loan from UBRIR on passport and income statement

The Ural Bank for Reconstruction and Development offers rather favorable conditions for on-lending to individual borrowers. By leaving an application for refinancing in this bank, you can reduce the amount of payments, reduce interest rate, reduce the number of loans and credit cards, and get additional funds if needed. For registration, you will need only 2 documents - a passport and a certificate of income. Moreover, both employees of companies and individual entrepreneurs(IP).

Terms of offer in UBRIR

The loan rate is 15-19%, with the possibility of decreasing in 2 months to 13-15% per annum.
Term from 24 to 84 months.
Amount up to 1 million rubles.
The borrower's age is 21-75 years.
The application is considered as soon as possible - 1 day.

Refinancing of loans from other banks without collateral and guarantors in Rosbank

Another bank refinancing consumer loans to individuals is ROSBANK. A credit organization gives you the opportunity to repay existing loan obligations in another bank at the expense of a new loan, which will allow you to reduce the rate, payment, release collateral in another bank, combine several loans into one, or get additional money for any other purpose.

If you look at the refinancing conditions offered by Rosbank individuals- they are some of the most profitable:

Low interest rate - from 13.5%.
Large amount up to 3 million rubles.
The maximum term is 60 months for new clients, 84 months for salary clients.

Fixed rate offer for individuals from Uralsib Bank

Uralsib Bank today offers to refinance all your loans in other banks and combine them into one loan at a favorable interest rate. Unlike many other banks, Uralsib immediately announces a fixed rate at which it can approve a loan for you. This rate is currently 11.4 percent per annum, which is one of the lowest rates for refinancing.

Briefly about profitable loan refinancing from Uralsib

The loan rate is fixed at 11.4% per annum.
Term from 13 to 84 months.
Amount up to 2 million rubles.
The ability to repay loans from other banks, as well as receive additional funds for any purpose.
The borrower's age for registration must be at least 23 years old.
If you need an amount for refinancing up to 250 thousand rubles, then you will only need 2 documents: a passport + a second document (driver's, SNILS, TIN, international passport, and so on). If more than 250 thousand rubles, then you will additionally need a document confirming income - 2-NDFL.

Favorable conditions for refinancing from Raiffeisenbank

Raiffeisenbank offers clients aged 23 to 67 to combine up to 5 existing loan agreements with other banks (mortgage, car loan, credit card or cash consumer loan).

On the bank's page, you can find out detailed conditions, calculate the feasibility of combining loans using a calculator and send an application. And in a few minutes you will receive an online solution.

Terms of offer at Raiffeisenbank

Favorable rate 10.99% from the second year, 11.9% in the first year.
If within 90 days you do not close the loans for which you have refinanced at Raiffeisenbank, then the interest rate can be increased by 8 percent.
Consolidation of up to 5 different loans.
The minimum amount is 90 thousand, the maximum is 2 million rubles.
From the documents you will need a passport and a 2-NDFL certificate for the last 3 months. If the amount is up to 300,000 rubles. - only a passport!
Individual entrepreneurs do not receive loans.

Where and how to refinance a loan if they refuse

Very often, it is precisely those who today are experiencing problems with paying off current debt obligations that want to refinance their loans. That is, a person is already overdue on a loan and is trying to find where to refinance it. This is a fairly common situation and therefore it is necessary to clearly understand how to get out of this situation. As a person who has worked for 10 years in the credit department of a bank, I can say what needs to be done:

To begin with, you should understand that with an overdue current loan of up to 30 days, there are still good chances of getting a positive decision on the special refinancing programs listed above. If, however, the delay is much more than 1 month, then the chances of obtaining refinancing of your loans are significantly less. But in any case, to get out of this situation it is necessary to act. Therefore, in any case, try to leave online applications from the above rating of banks.
If all banks refuse or approve an insufficient limit on the refinancing program, then you need to try to get a cash loan at the banks, which are listed below. There you can either get a loan without income certificates, or, on the contrary, secured by real estate or PTS.
If a regular cash loan is also denied, then the only way is to apply for a loan by your closest relative (husband / wife, brother / sister), who will help with the money received to close your delays. And you will already give the money to him.

Below are 8 profitable banks that issue cash loans for any purpose, including refinancing loans from other banks. To obtain this type of loan for refinancing, you do not need to collect loan certificates from other banks.

Housing Finance Bank- for those who are denied refinancing by banks. In a credit institution, you can apply for a refinancing loan without refusal on the security of an apartment! An excellent refinancing option for those with a bad credit history!
- consumer loan in cash at a favorable interest rate for those who want to refinance loans in other banks. If you are a state employee, then feel free to send an application to this bank. The bank is loyal to this category of borrowers!
- if delays do not allow you to urgently refinance the loan, then the way out of the situation will be to apply for a loan for another person, for example, for parents or grandparents. UBRIR Bank offers favorable conditions for pensioners.

Watch the training video: "What is refinancing and how to do it right?"

Which banks are engaged in refinancing loans Almost everyone has loans. And some people quite calmly apply for three or even four loans. Alexey, one of my comrades, did the same.

Gradually, his life began to collapse - divorce, illness of his parents, because of the crisis he was laid off at work. There was enough money for life, but here are the loans collected earlier ...

In the end, he reached the point where he thought about another loan to pay off existing ones.

Moreover, the interest rate of the new one was significantly lower than that of the old ones! This is called loan refinancing. Let us consider in detail which banks are engaged in refinancing loans.

If you took out a loan from any bank for a long term, this does not mean at all that you will definitely cooperate with them all this time and will. Other banks would like to see you as a client too. And even if you do not need another loan, they will gladly take this one.

What is refinancing

For this, you may be offered more low interest and more favorable conditions in general. They will give money to repay a loan in the previous bank so that all your debts go into new bank.

So, if it is hard for you to live with your debts, then borrow elsewhere.

If there is a delay

It sometimes happens that, for reasons beyond our control (or sometimes beyond our control), it is not possible to make the next loan payment on time. Before you find out which banks are engaged in refinancing late loans, answer one very important question:

Why did it happen?

The reasons can be very different, stupid or serious, valid and not very good. But, in any case, the record of your delay automatically goes to the Bureau of Credit Histories and this very credit history spoils you. Even if you just forgot to take into account some commission and did not pay 2 rubles in addition.

How to fix everything

The worm in my head is probably gnawing so disgustingly and squeaking disgustingly: "You should have thought before!" But it happens. It’s too late to think earlier, but it’s time to think about further actions.

First of all, you need an explanation about your debt. The more certificates and documents you can get in your defense, the better. These can be account statements as proof that your paycheck has been delayed, or a letter from a doctor or hospital.

Along with the explanation, go to the bank to pay all late fees. There you can also discuss the possibility of refinancing, perhaps the bank will not want to lose a client due to nonsense (if the delay was due to nonsense) or will enter your position and accept your sincere desire to honestly repay the debt further.

A warning!

In a new, different bank, you are unlikely to be happily greeted with a huge number of offers, but they will not be deployed on the doorstep either. In the same way, you will need to provide explanations about the delay and convince the bank that this will not happen again and you can be counted on.

For more credibility, you may need to leave a deposit or find a guarantor, then the chances of refinancing increase.

And fix your credit history, fill it with good records. For example, this can be done by taking small and quick loans and successfully repaying them on time.

Fast loans for not large amount are issued without thorough verification, so they can be obtained even with a not very good credit history. But the record of their successful redemption will appeal to larger organizations.

Where to go?

It is not so difficult nowadays to find which banks are engaged in refinancing loans, it is more difficult to say which ones are NOT doing this yet.

Your choice may be limited only by the type of loan, since in some places they will not take on a mortgage, and at the same time in other banks they are just waiting for it.

Advice!

First of all, contact the bank where you receive your salary and whose client you are already. There you will not be a "man from the street", you will have a little more trust and, possibly, more loyal conditions.

I hope that these tips will help you improve your current situation and prevent delays in the future. Protect your honor and credit from a young age.

source: http://finvestment.ru/

Relending. Various ways to refinance

There are several on-lending schemes. We proceed from the fact that the creditor bank that issued the loan does not need to change the borrower's rate on the loan already issued.

The borrower needs refinancing, but not the lending bank that issued the loan to the borrower. Moreover: the bank is doing well: the loan is issued, the borrower is paying regularly. The higher the rate of the borrower on the loan, the more money will receive the bank. What? The borrower wanted to refinance the loan? Does he want the bank not to be so good anymore?

The bank that issued the loan to the borrower (the primary lender) does not want to lose a profitable client. And therefore, in every possible way prevents the refinancing of the loan by another bank. And various ways of refinancing, in fact, are ways to get around the bank's reluctance to let go of its client.

"Curve scheme" of refinancing

To implement it, you need a "kind uncle". If there is a "good uncle", then everything is simple:

The "good uncle" gives money to pay off his bank.
You are paying off the loan to your bank.
Withdraw the deposit from your property.
On the security of your real estate, you take a loan from another bank, where the interest is lower, and the conditions are better
You return the money to the "good uncle".
Then you pay off the loan with a new bank.

The advantages of such a refinancing scheme: the choice of banks issuing loans secured by existing real estate is quite large. There are more of them than those that have really working refinancing programs. You can choose a program with more favorable conditions than provided by refinancing programs.

Cons of the "curve scheme" refinancing: for its implementation you need a "good uncle". First, this "good uncle" needs to be found. And this is not easy. (Still: there are few people willing to provide a large amount of money, even for a short (two months) period, without any security).

Therefore, even if this “kind uncle” is found, it may turn out that he is not so kind. (Still: although he gives money, he requested such an interest rate for using his money that no refinancing is needed!)

Classic refinancing scheme

The new bank gives money to pay off the old creditor bank with this money.
That is, no "kind uncle" is needed. The bank simply gives money and takes an obligation from you to mortgage an apartment (or other real estate) when you pay off your “own” creditor bank.

Technically, it looks like this:

1.You go to a new bank, submit documents confirming your solvency and you receive a decision of the credit committee that the bank is ready to provide you with a loan. The loan amount is indicated in the decision of the credit committee.

Attention!

The loan amount depends not only on your solvency, but also on the value of your apartment. Therefore, the apartment must be appraised in advance by an appraisal company accredited by the bank, whose appraisal is trusted by the bank.

2.In "your" bank you write a statement, with a request to accept from you sum of money in the amount of the balance of your debt to the bank.

3.Your bank, in turn, agrees to accept the amount of money on account of early repayment of debt.

This consent is necessary so that it does not turn out that you take out a loan from a new bank, pay interest on it, but you cannot use it for its intended purpose, because your bank is not ready to accept money from you on account of early repayment.

4. With this consent, you go to a new bank. The bank signs with you loan agreement and gives you money. How the money is disbursed depends on the specific bank refinancing the loan: the money can be disbursed in cash at the cash desk of the new lending bank, or can be transferred to your account in the old lending bank.

The amount of money may be equal to the amount of your debt to the previous creditor bank, or it may be greater than your debt to the bank, and then, free funds (the difference between the loan issued by the new creditor bank and the amount of debt to the previous creditor bank) you you can use at your own discretion.

5. You pay off the debt to the former creditor bank and remove the collateral from the real estate. Until the property is mortgaged to a new creditor bank, the bank has no collateral for the loan, and he believes that such a loan is more risky. Therefore, the bank compensates for the risk with a higher interest rate.
6. Mortgage your property to a new lender bank, refinancing loan.

After the new lending bank has received the property as collateral, the loan is secured and, if you paid at an increased interest rate, then from the moment of the collateral, you begin to pay at a lower interest rate.

Advantages of the "classic scheme" of refinancing: no need to look for a "good uncle". All the money is given by the new creditor bank.
Disadvantages of the "classic scheme" of refinancing: banks have just begun to engage in refinancing.

Many simply say that they are ready to refinance a loan: "Come, you will be the first, we will work with you on how to do it."

A warning!

There are very few banks that really, not in words, but in deeds refinance loans. Therefore, while the refinancing scheme is not available to everyone: they are not ready to give a loan for any real estate, not all the borrower's income can be taken into account by those banks that are actually engaged in refinancing.

source: https://www.ipotek.ru/

How to refinance loans from other banks?

Refinancing or on-lending of loans is obtaining a new loan on more favorable terms (for example, with a lower interest rate) for the full or partial repayment of the existing loan.

Until recently, this procedure could be used only in the bank from which the first loan was taken, but now the situation has changed dramatically, and you can refinance the loan in another bank. However, it should be noted that not all banks have a loan refinancing program.

For example, you can refinance a mortgage loan issued by another bank at Sberbank and VTB 24. The list of banks that refinance consumer loans from other banks includes Sberbank, VTB 24, Rosbank, IntechBank, Bank of Moscow, etc.

Raiffeisenbank mainly specializes in the issuance of car loans and their refinancing, moreover, it allows you to refinance car loans and other banks. Bank Uniastrum, unlike the others, specializes in refinancing credit cards and unsecured loans by issuing its own credit cards.

If the bank in which the loan is issued does not refinance, then the borrower will have to contact another credit organization that refinances loans from other banks. After signing the loan refinancing agreement, the bank repays the client's debt in another bank by transferring the entire remaining amount to it.

It is worth noting that the amount of the new loan may be more than the actual debt on the loan, and the borrower can dispose of the remaining amount after repayment of the debt as he wants. If a collateralized loan is refinanced, then the collateral must be reissued to a new bank.

Until the collateral is reissued, the refinancing interest rate will be increased. After the collateral is confirmed in the new bank, the refinancing rate will be reduced to the previously agreed one.

Attention!

The most favorable conditions for on-lending a collateralized loan are available in the bank in which the loan was issued against collateral, because in this case, you will not need to reissue the collateral to another bank, which will save on possible costs and significantly speed up the process.

The loan refinancing service allows the borrower to reduce the amount of the monthly payment by lowering the interest rate and increasing the loan term. Also, within the framework of the on-lending program, you can combine several previously taken loans into one large one, and, thereby, reduce the possible costs of maintaining the loan, but that's not all.

You can also reduce costs with the help of on-lending foreign currency loan since it is much more convenient and profitable when monthly loan payments are made in the borrower's salary currency.

From the above, it can be seen that refinancing a loan is a rather profitable service for borrowers who want to change the terms of lending for the better for themselves, and, thanks to this, do not overpay "extra" money. In order to carry out refinancing, the borrower needs to contact the bank in which he already has an open loan, and find out if the bank provides a refinancing service.

If the loan refinancing service is provided, the borrower can use it, because banks in which the borrower has a loan, as a rule, offer the most favorable conditions for on-lending existing loans.

Otherwise, the borrower needs to look for such credit organizations that are engaged in refinancing loans from other banks, and choose the bank with the most favorable conditions among them.

Advice!

Before applying for refinancing, each borrower should find out whether it is possible to make early repayment a loan taken earlier and whether penalties are foreseen for this.

If the possibility of early repayment is prohibited by the loan agreement, then refinancing will not work. If such an opportunity exists, then the borrower must carefully calculate all the possible costs associated with the procedure for applying for a loan refinancing and compare them with the possible savings.

In order to calculate the possible savings, it is necessary to compare the interest rate of the existing loan with the refinancing rate. If the difference in interest rates does not exceed 2%, then it is not worth refinancing the loan, because it will not bring any savings.

During the processing of a loan refinancing, the bank carries out standard verification procedures, which include checking the solvency and credit history of the future borrower. After the end of the check, the credit organization decides whether or not to issue a loan to the borrower.

source: http://f1nansist.ru/

Which banks are involved in refinancing loans?

The crisis in our economy hit the incomes of citizens, depriving many of the opportunity to fully and timely pay loan installments. In order not to become a violator, and not to spoil your credit history, you can use different ways, including a refinancing service.

We will consider which banks are engaged in refinancing loans, and in which cases refinancing is unprofitable for the borrower.

What does refinancing give?

Refinancing a loan will give you the following options:

reduce the interest rate on the loan;
lengthen the terms of the loan;
reduce the amount of monthly fees;
the loan currency can be changed;
if you have several issued loans in different banks, open one instead of them.

Where to contact?

Today, several large banks are engaged in refinancing loans, among which it is preferable to apply for the type of loan to the following banks:

car loans - Raiffeisenbank;
mortgage - VTB24, Sberbank;
credit cards, unsecured loans - Uniastrum Bank;
consumer loans - Intechbank.

You can find a suitable bank for refinancing by visiting numerous Internet resources dedicated to credit services, for example, the well-known portal banki.ru.

Of course, we have listed far from all banks that are engaged in refinancing, but the largest and most reliable. First, you should apply to your bank with an application.

Attention!

Re-lending will require collecting a full package of documents and justifying the need to renegotiate the loan agreement on new terms. Banks' refinancing requirements include at least half of the loan paid and no violations on the part of the borrower.

If the borrower is unable to fulfill the requirements of the loan agreement, you can terminate it. You can read about how to terminate a loan agreement with a bank here.

Is refinancing profitable?

With all the above advantages, loan refinancing does not always solve the problems of borrowers. When deciding on a new loan in order to pay off the previous one, it will be useful to calculate what costs are possible, and whether they will exceed the savings from the reduced interest rate.

We advise you to find out from banks that are engaged in on-lending about all the pitfalls, that is, penalties for early repayment, expenses for processing refinancing and compare interest rates. If the difference is less than 2%, refinancing is considered inappropriate.

source: http://cleanbrain.ru/

Banks providing refinancing service

The abundance of loan offers and a large number of loans actually issued to individuals have led to the fact that a whole stratum of the population has formed in Russia, living off credit funds... Some Russians have more than 3 loans at the same time.

Of course, borrowers do not always manage to accurately calculate their own financial opportunities- after all, sometimes in our life there are unforeseen circumstances that require immediate financial costs.

Advice!

If it becomes difficult or impossible to pay loan payments, then it makes sense to contact the bank and use the loan refinancing service, thereby avoiding falling into debt hole and in the lists of unreliable borrowers.

Which banks refinance a loan

Of course, not all banks provide the opportunity to refinance a loan - in some financial institutions this service is not available at all, in others it involves significant restrictions or requires even more serious financial costs than payments on existing loans.

When choosing a bank for refinancing a loan (or loans, if you have several of them), first of all, you need to strive to get this service exactly in the bank where it is taken initial loan... If this is not possible for some reason, then the terms of refinancing a loan in a bank offering such a service will become the benchmark.

The banks engaged in refinancing loans differ not only in terms of refinancing, but also in the types of loans that are available for refinancing.

For example, Alfa Bank refinances primarily consumer loans, and Otkritie Bank offers to refinance only employees of accredited companies or holders of their own salary cards.

In addition, there are banks that are only engaged in refinancing loans from other banks and banks that provide this service only for their customers.

Conditions for refinancing loans in banks

Rosbank. Rosbank's loan refinancing program is perhaps one of the most powerful on-lending programs among Russian banks. Refinancing of both mortgage and consumer and car loans is available.

Refinancing conditions are determined by the client's belonging to one of more than 10 categories of borrowers. Refinancing parameters can be specified on the bank's official website at http://www.rosbank.ru/ru/persons/credits/cel/.

Attention!

The indisputable advantage of refinancing at Rosbank is its versatility - almost any borrower who does not have long-term loan delinquencies can find favorable conditions.

Sberbank. Most big bank Russia offers extremely simple conditions for refinancing two types of loans: mortgages - at 12.25% (minimum rate) and consumer loans - at 17%.

Favorable interest rates attract many potential customers, but getting such a loan is not so easy - Sberbank very carefully checks and analyzes the solvency of its customers.

Bank opening. Refinancing of loans in the Bank Opening (as mentioned earlier) is available only for employees of organizations that are partners of the bank. Such organizations are divided into three groups - A, B C.

Belonging to one or another group also determines the size of the interest rate that will be assigned to the client when refinancing a loan at the Opening Bank: for group A - from 15.9 to 17.9%, for group B - from 17.9 to 19.9%, for group C - from 20.9 to 23.9%.

The accrued interest is also affected by the term of the new loan. In addition, the bank actively offers borrowers from other banks that are not employees of accredited companies to simply issue a consumer loan at an individually determined interest rate (which is not always beneficial for refinancing).

VTB 24. The representative of that part of banks dealing with refinancing loans that have a special refinancing program and are guided by the massive use of this financial product.

At the same time, refinancing of loans from banks belonging to the VTB group (Bank of Moscow, Leto-bank, Transcreditbank) is not provided in VTB 24 - this is one of those banks that make it possible to refinance loans only from other banks.

Refinancing loans at VTB 24 is quite a profitable business, especially for holders of VTB Bank salary cards - loans for such clients are refinanced at a rate of only 15.5% per annum. For other clients, the percentages are slightly higher - from 17.5%.

A warning!

Mandatory conditions for refinancing a loan at VTB Bank are the absence of debts on refinanced loans from other banks, the term of the remaining payments is at least 3 months. You can re-credit in the amount of 100 thousand to 1 million rubles.

Moreover, if you need an amount of up to 500 thousand rubles, then you can send an application for refinancing a loan to VTB 24 bank directly on the official website of the bank - http://www.vtb24.ru/personal/loans/personal/refinancing/ref/Pages/ default.aspx? geo = ob

Bank of Moscow. The loan refinancing program at the Bank of Moscow differs from the program of the "parent" bank - VTB. Here you can refinance loans not only from other banks, but also issued by the Bank of Moscow itself, but only on a mortgage - you cannot refinance on a car loan or a consumer loan at the Bank of Moscow.

But the conditions for refinancing mortgages in the Bank of Moscow are very favorable - the bank will refinance its loans at a rate of 11.45%, and loans from other banks at 10.95%.

Bank Trust. Focused on mass consumer lending, Trust Bank also provides an opportunity to refinance existing loans, but not for its clients.
Refinancing of loans at Trust Bank is possible only for consumer and car loans, it is not possible to refinance a mortgage at this bank.

For refinanced loans, there is a “fork” for the loan amount - from 50 to 300 thousand. Also mandatory conditions for refinancing a loan at Trust Bank, there are no delinquencies on loans being paid, the period of the remaining payments is at least 3 months and the prescription of the loan is from six months. One of strengths Bank Trust - remote services, convenient for customers, including those available on the official website of the bank.

This also applies to refinancing programs - a calculator for refinancing loans at Trust Bank is available on the official website of the bank - http://www.trust.ru/retail/cash/credit100212/ and an online application for refinancing a loan at Bank Trust - https: // www.trust.ru/retail/cash/request/. These services will allow you to remotely calculate the conditions and issue a preliminary application for loan refinancing.

Orient Express Bank. There is no special program for refinancing loans in Vostochny Express Bank. Nevertheless, potential clients, as well as in Otkritie Bank, are offered to obtain a cash loan at a rate of 14.9% and to spend the funds received to repay loans taken from other banks.

Home Credit Bank. Refinancing at Home Credit Bank is available only for clients of third-party banks, but you can refinance any of the types of loans - car loans, mortgages or consumer loans. Favorable interest rate - from 19.9%, loan term 1 to 5 years in the amount of 50 thousand to half a million rubles.

Attention!

Banks that refinance loans are guided primarily by their own needs. As you can see, the number of banks offering refinancing to their own clients is not so great - after all, it is not very profitable for the bank to delay the receipt of funds, but enticing a client from another bank is in any case a justified move.

When choosing a bank for refinancing, consider not only the fact of providing this service in a particular credit institution, but also the final conditions of refinancing.

source: http://www.burokratam-net.ru/

For which banks is it typical to refinance loans?

Refinancing of loans should be understood as full or partial repayment of debt by overlapping the old loan with a new one, but on more favorable terms.

Loan refinancing can be carried out both in your own bank and in a new one. Moreover, not every bank undertakes to refinance its own loan, so for each borrower the question is how to find banks that refinance loans.

On-lending programs are now offered by many banks. Banks that refinance loans usually offer programs for all types of loans: consumer, mortgage or car loans. If, when lending, the borrower took out a collateral loan, then it is necessary to go through a special procedure to re-register it with a new bank.

The on-lending procedure is similar to a regular loan. The new creditor bank issues cash or pays off the entire debt on the old loan itself. At the same time, it is possible to get a new loan in an amount that exceeds the debt of the lender. In this case, the borrower can independently dispose of the loan balances that remained after the old debt is repaid.

Advice!

When re-lending, it is necessary to foresee or find out what troubles may await him with new lending. The main thing to look at before applying to a new bank is the interest rate. It should not be less than 2%, otherwise the transaction will become unprofitable and only slightly reduce the loan.

But if we consider that refinancing also requires additional investments from the borrower, funds will be required for new insurance, re-registration of a loan, etc. - then it will become completely unprofitable.

It is also necessary to find out whether the old bank will charge the borrower with a penalty if the loan is repaid ahead of schedule and whether it is possible to re-lend at all. Some banks, not wanting to lose clients, indicate in the agreement a clause where it is indicated that refinancing the loan is impossible.

Banks that refinance consumer loans, car loans and mortgages take into account the financial position of the new client and his credit history. This will require new documents to prove your income.

If the borrower, as a result of taking the first loan, the financial situation has deteriorated much, then the possibility of obtaining a new loan is minimal. The same happens with credit history: not every bank will agree to get hold of an unreliable client.

Usually, banks involved in refinancing loans always carefully check the new borrower: his credit history, the veracity of the income information and the payment schedule. If all these requirements are met, the borrower is provided with a special refinancing program, which is developed for each of the clients separately, taking into account its advantages and some disadvantages.

The banking product refinancing loans can significantly help every borrower. But, the lender needs to carefully approach the choice of a banking institution for a new loan. Therefore, always, first find out which banks give refinancing loans and compare their programs for refinancing.

In Russia today, refinancing is not possible in every bank. It should be said that the most acceptable conditions for refinancing, with fairly profitable programs for the borrower, exist in such banking institutions:

one . Rosbank. A special refinancing program created in this bank under the same name offers new clients quite favorable conditions. Rosbank is engaged in on-lending of all types of loans: consumer, mortgage and car loans. Each of them has its own refinancing program, with different maximum amounts and terms:

the mortgage is allocated up to 15 million in rubles, starting from 500 thousand, and is made for a period of at least 6 months, with a maximum of 25 years at a 12.75% annual rate;
for consumer goods - 20 thousand - 1.5 million rubles, produced up to five years at 16-19% of the annual rate;
car loan - from 60 thousand - 1 mln. rubles, at 16-18.5%.

2. VTB 24. The bank also has favorable conditions for on-lending. The only thing that needs to be considered is your credit history, which does not have a very good reputation. VTB 24 tries not to deal with such clients, so the borrower needs to verify his reputation by reviewing it in advance before applying for refinancing.

This bank is engaged in all types of refinancing, but the conditions for refinancing for car loans and consumer loans are the same: from 30 thousand to 1 million. rubles, produced up to five years at 16-17.5%. An amount from 500 thousand to 75 million rubles is issued for a mortgage, the loan period can be 50 years. Interest on a loan depends on many reasons and can vary between 15-17%.

3. Rosselkhozbank. The bank provides clients with refinancing for all types of loans.
Consumer loans and car loans can be refinanced: under annual percentage 18.8–20%, up to 5 years, maximum loan - 1 million, in rubles. Mortgage - from 11.9% with a maximum of 14.5%, in the amount of 500 thousand - 26 million rubles, up to 25 years.

4. Sberbank. This bank has developed a refinancing program for all loans. An important factor- there are no commissions here. Depending on the term of refinancing and the amount of the loan, the interest rate may vary in the form of 17-21.5%. Refinancing period - up to 5 years, with an amount of 1 million, in rubles.

Consumer loan refinancing has the same parameters, but the annual rate may increase up to 25.5%.
Mortgage refinancing by Sberbank is carried out with an annual rate of 13.25, with a maximum of 13.75%, for a period of up to 30 years. The amount that the borrower can have cannot exceed the remaining debt on the mortgage loan and is only 20% less than the collateral value of the home.

A warning!

Even knowing which banks provide loan refinancing, you always need to research all their refinancing programs well, take into account all the possible pros and cons. But one of the main requirements of every bank is excellent CI.

Therefore, before making such a request to a banking institution, the borrower must pay Special attention on CI, and if necessary, try to "clean" it.

source: http://refinkredit.ru/

Which banks refinance loans

On the market today banking services the refinancing sector is expanding, and an increasing number of credit institutions offer this service to the population. It is quite difficult to choose from a huge number of options. In addition, it should be understood that refinancing is a targeted consumer loan, which has its own characteristics.

Choosing a refinancing program

What you should pay special attention to when choosing a refinancing program: the spread of loan rates and the conditions for their provision.

For example, VTB Bank of Moscow offers, depending on the loan term and loan amount, a reduced rate of 13.9% for salary clients employed in certain areas, in particular, for healthcare workers, education, some types of law enforcement agencies and government officials. ...

For other clients, the base rate is 14.9%. The discrepancy in different financial institutions can be even greater, therefore this point is very important, since most banks voice the wording "from" and the size of the rate. In this case, the upper interest rate of the loan may not be entirely profitable.

Providing an additional loan amount, in addition to the one that will go for refinancing

The maximum term and conditions for its provision. This item makes it possible to reduce the financial burden on the budget by reducing the monthly payment. For example, the maximum term for refinancing consumer loans is 84 months.

Advice!

If it is necessary to reduce the monthly payment and a long balance of the term of existing debt obligations, for example, 4-5 years, such proposals should be considered first.

Possibility to choose a loan repayment date convenient for the client within the specified maximum period.

Key Features

In the selection process, you need to take into account the basic features of refinancing:

The versatility of the offer that allows you to combine all available loans into one, for example, mortgages, car loans, credit card debt and cash loans. Such offers are available in Citibank and Transcapitalbank.
Change in interest rates during the term of the loan. So, some banks provide a small rate for a certain time, as a rule, for 3 months, after which they raise it by 2-3 points. Here you need to clarify the maximum final rate.
Application approval deadline. It is important if the client is in danger of being overdue during this period. Applications are considered as quickly as possible, for example, Sberbank and B&N Bank.
The presence / absence of delay. There are banks that approve a loan for refinancing only in the absence of delinquencies on existing debt obligations, and there are those for whom detailed compliance with the payment schedule for a certain period is important, as a rule, for the last 6 months at the time of receiving a new loan. Before determining the lender, you need to study this condition as well.
The duration of the actual debt obligations at the time of refinancing. Varies from bank to bank, but is usually 6 months. For example, Zapsibkombank and Avtogradbank put forward a corresponding requirement.
Until the end of payments under the loan agreement, according to different banks, there should be from 3 to 12 months. In particular, VTB 24 makes it possible to refinance loans that have at least 3 months left to repay.
The cost-effectiveness of credit recalculation. When refinancing loans that were issued in foreign currency, with the obligatory conversion in the new bank into rubles, it is worth making sure that the funds received in debt are sufficient for the full repayment of the existing loan and the expediency of such on-lending.

To minimize financial risks the client should carefully consider all the options chosen. Indeed, in some cases, a new loan may differ from the previous one by only 0.5%, and the difference between payments will eventually result in a decent amount. In others, the seemingly profitable 2-3% is not worth the hassle of re-registration.

Refinancing loans from other credit institutions- this is a way to combine all debts, reduce the credit burden by increasing the term of the agreement, the possibility of obtaining a lower interest rate, as well as a chance to get additional money with a high debt load.

The people call this procedure "credit". Banks that have loan refinancing issue one new loan to pay off all your debts, or part of them. This is often a good way to save on interest if the old loan was more expensive. Also - this is a real way out when the level of solvency decreases without a deposit on your credit history. Refinancing has some features, which we will talk about today.

How to refinance a loan?

After examining the information about which banks are engaged in refinancing loans, you need to choose the appropriate conditions and write an application form. It is necessary to indicate in it the details of the contracts that you want to close - the bank itself, on the basis of your order, will make an early repayment. You will be left with a new repayment schedule on pre-agreed terms. You no longer have to remember several dates, and look for money after each of them occurs - you will have one number per month to make a single payment.

Please note that collateralized loans require a collateral transfer, and this is an additional cost.

For example, if you refinance a mortgage, you will again need a property appraisal, insurance, and full set documents. We wrote in more detail about mortgage refinancing, and today we will consider a more relevant topic - in which banks there is refinancing of consumer loans. Refinancing of credit cards from other banks most often follows the same principle - early repayment with a cash loan, so we will summarize the conditions.

What is required to take out a loan to refinance other loans?

The most important condition is the absence of open delinquencies;
Accurate and timely payment of payments on the previous loan maximizes refinancing;
The income level must be sufficient to repay total amount payments, or it is worth clarifying in advance about the increase in the loan term;
The requirements for age and seniority are generally identical everywhere;
Your former creditor should not have a moratorium on early repayment;
The old loan has several payments to be paid (usually about 20% of the principal).

Refinancing or restructuring?

If you are thinking about changing the parameters of a loan due to a decrease in your own solvency (cut from work, lowered wages, changed living conditions, etc.), experts advise you to resort to one of their methods - write to your bank or contact banks that provide refinancing a loan. What is the difference?

Theoretically, these are similar concepts, because we are talking about the same change in payment parameters. But only in the case of restructuring, all actions are carried out with one loan, and they are done by the same bank, and a new lender is involved in refinancing, who can combine several debts at once.

But there is one major difference. Restructuring, as opposed to refinancing, is a hallmark of credit history. It is as if you yourself are declaring: I did not cope with the loan, I could not pay, help. But refinancing can be used not only by a person with a reduced income - any sane borrower at the sight of a low interest rate will want to pay cheaper.

In the BKI report, refinancing looks like an early repayment of previous debts and a new loan in the next line. That is, in contrast to the alternative option - restructuring, on-lending can even improve the credit history.

New loan with a large loan burden

A difficult issue that should be given special attention is obtaining a new loan with existing debts. Usually, the scoring program sums up all payments and compares the result with the size wages... Those banks that have a loan refinancing program evaluate income a little differently. They pledge the entire amount of debt and look for new reserves, which are formed by lowering the interest rate and increasing the term of the loan. Thus, it is much easier to refinance an old loan with an increase in the amount than to look for where to get a new one.

Which banks provide loan refinancing? Those who understand that in order to lure a client from another organization, they need to be offered something interesting and worthwhile - either savings or a new loan.

Which bank can refinance a loan in 2017?

Please note that we are only considering which banks provide refinancing of consumer loans, not housing loans!

Sberbank - from 13.9%, up to 5 years, up to 1 million rubles;
VTB Bank of Moscow - 14.9% for everyone, up to 7 years old, up to 3 million rubles;
VTB24 - from 13.9%, up to 5 years, up to 3 million rubles;
Rosselkhozbank - 13.5-15%, up to 5 years, up to 1 million rubles;
MKB bank - from 14%, up to 15 years, up to 2 million rubles;
Rosbank - 14-17%, up to 5 years, up to 1 million rubles;
B&N Bank - from 13.3%, up to 7 years, up to 1 million rubles;
Uglemetbank from 17 to 26%, up to 5 years, up to 1 million rubles;
BCS bank - from 16.9%, up to 5 years, up to 1.5 million rubles;
Alfa Bank - from 11.5%, up to 25 years, from 600 thousand rubles;
SKB Bank - from 15.9%, up to 5 years, up to 1.3 million rubles;
Home Credit - from 19.9%, up to 5 years, up to 500 thousand rubles;
Opening - from 12.9%, up to 5 years, up to 800 thousand rubles.

In our list, interest rates are minimal: in practice, as in any loan, the interest will be set by the bank's decision based on an assessment of solvency. You will not lose anything if you send several refinancing applications at once to different banks- this way you can choose the best offer.

Take into account the peculiarity of refinancing large loans issued against collateral: the new lender will set a condition for receiving: so that the old loan is regularly repaid within 18 months! Also, for large loans, guarantors may be required.

The economic crisis creates a demand for such a type of banking services as refinancing. The opportunity to take out a loan on more favorable terms may be of interest not only to those clients who are in a difficult financial situation. Rational borrowers see such lending as a way to save their own monetary resources.

Internal on-lending

Many banks offer domestic services to individuals. The borrower receives a certain amount on more loyal terms, which should cover the old loan.

The financial institution renegotiates the contract with the client, which prescribes new terms and interest rates. A very convenient mechanism that allows you to reduce costs and improve the quality of life.

As a rule, the bank agrees to on-lending if there is a real need for it. If the client's financial situation changes, the bank will agree to re-sign the loan agreement. This perspective is more acceptable than doing in the future. litigation if the borrower cannot pay at all.

Sometimes refinancing of loans for individuals is offered to conscientious payers as a pleasant bonus. Reducing the rate and size of payments can significantly ease the financial burden.

External on-lending

A banking institution is not always ready to meet a client in need of a lower interest rate. Refinancing mortgage loan for individuals it becomes possible only when contacting another organization.

The borrower is not obliged to inform the lender of his intention to refinance. The client has every right to do so.

If it is difficult to decide on the choice of the right bank, you should use the services of a broker. He will help you apply to different institutions, select the optimal payment conditions. Of course, such brokerage assistance not free. The consultant will have to pay from 1% to 10% of the requested amount. Not very cost-effective, but in some situations, a specialist can provide real assistance.

Required documents

The refinancing of loans from other banks to individuals sometimes takes place according to a simplified scheme. Indeed, at one time another bank has already made a positive decision on the loan, and the financial officers have reasons to trust this opinion. The client will be required to have a previous loan agreement, all payment receipts, identity documents and a statement of income.

It should be borne in mind that a tarnished credit history, lack of permanent work and delays on a previous loan can become a serious obstacle to a positive solution to the issue.

Refinancing conditions

Each banking organization puts forward its conditions for refinancing a loan for individuals. But they all have things in common. You can start the procedure after at least 3 months from the date of taking out the loan. During this time, no delays should be allowed. The amount of the debt exceeds 50,000 rubles, and there are still at least 7 months left until the end of the payment. The client who submitted the application must not be older than 65-75 years old by the time the payment ends.

It is also additionally necessary to present a certificate of the amount owed. As a rule, this document is provided free of charge at any credit institution.

If a surety is involved, he will also be required to complete list documents.

Therefore, do not confuse the refinancing of a loan to individuals with restructuring. The latter is carried out in the conditions of the client's inability to pay the monthly payment and requiring a significant reduction in the amounts payable. Over-lending is a rational decision made by the borrower in order to reduce the financial burden on its own budget.

How is the process going?

Having decided on the bank in which the loan will be refinanced by an individual, everyone is going to Required documents... After that, an application is submitted, which the institution considers within a few days. In case of a positive decision, the client either receives cash in his hands, or the money is transferred to the account of the old lender.

After the completion of the procedure, the borrower undertakes to fully fulfill all obligations under the contract within the established time frame.

Merging several loans into one (loan against a loan)

It so happens that an individual has several active loans from banks or MFOs. A very dangerous situation for financial condition, since it is likely that after a while there will be simply nothing to pay for such a number of loans.

Some banks offer programs that allow you to combine all these loans into one large loan with a minimal interest rate. It is better not to delay the decision and apply for refinancing as soon as possible. This will save you from numerous penalties that will inevitably arise in the event of the slightest delays.

Will Sberbank help?

Individuals can refinance loans at Sberbank by submitting an application to their local branch. This financial organization offers a solution to monetary problems in several areas: on-lending for consumer and housing loans, debt relief for debit card with overdraft. Clients get the opportunity not only to reduce the interest rate, but also, if necessary, to remove their car from the encumbrance. A service is also offered to combine several loans into one large loan.

The bank determines the cost of the future loan individually, it can range from 17% to 29% of the amount. It is possible to repay such a loan by an annuity method (equal payments).

To refinance loans at Sberbank, individuals must fill out an application form, which indicates all personal data. It is necessary to indicate the address of registration and actual residence (if they differ), telephone numbers for communication, data on the composition of the family. It also provides information on the presence or absence of property, income level and seniority.

Loan conditions in Sberbank

The on-lending program of this organization determines that the loan term can be from 3 to 60 months. You can get your hands in cash in the amount of up to 1,000,000 rubles. A potential client must be at least 21 years old and no more than 65 years old by the time the loan expires.

The loan is provided to all residents of the Russian Federation who have submitted an application and meet the requirements of Sberbank. Cash withdrawal is made within 30 calendar days from the moment of making a positive decision on the application. Repayment is made in equal monthly installments.

What does the Bank of Moscow offer?

Use the services of this large financial institution any citizen can Russian Federation... produces under certain conditions.

Anyone in need can reduce the loan rate with subsequent debt relief. The bank offers amounts ranging from 100,000 to 3,000,000 rubles. The size of the bet is determined on an individual basis. If the loan is within 450,000 rubles, then lending is carried out at 18.5% per year. Maximum size rates - 21.9%. The borrower has the right to choose the term for which the loan is issued. It should be between 6 and 60 months old.

The refinancing procedure at the Bank of Moscow is quite simple. The client applies to the local branch with a statement. You can fill out a questionnaire or submit an application on the official website of the company. If a positive decision is made, the manager makes an appointment with the client and tells you what documents you need to take with you.

Provides loans to individuals with several active loans. In this case, it is necessary to prepare a complete set of documents for each of the loans. The client can request an amount in excess of the existing debt and use the balance for his own purposes.

Cons of the procedure

Before contacting the appropriate institution, you should know that refinancing loans from other banks to individuals carries with it some negative aspects.

Among them, one can note additional costs, the occurrence of a possible significant overpayment and the need to issue a new insurance product. We'll have to face the next paperwork, which takes time and effort.