In the life of every borrower, situations may arise when conditions loan agreement cannot be done for obvious reasons. In this case, you need to immediately inform the bank about the difficulties that arise and discuss how to restructure or refinance the loan. If the reason is valid, the bank may agree to this procedure. Otherwise, you can apply for loan refinancing. The funds received in this case will go to the closing current debt. The new loan is repaid according to a more convenient schedule and with a different interest rate. Refinancing should not be confused with restructuring, although these procedures are similar in content. In the case of restructuring, we are talking about changing the terms of an existing loan so that it is easier for the borrower to repay it and the credit history is not damaged. Refinancing is another solution to the problem. The procedure is to take out a loan to pay off other loans (with bad credit history it is difficult to do this, the application must be submitted before the overdue debt occurs). But if you still have delays, refinancing a loan secured by real estate may be the way out. In this case, the Bank reduces the risk of non-return of funds due to the possibility of obtaining liquid property in case the borrowers violate their obligations. In fact, the loan for refinancing goes to pay off debts to other banks. The maturity of the new loan allows the use of funds from new revenues. Application for refinancing a loan (refinancing consumer loans other banks) is beneficial provided that the amount of the monthly payment is less than for the current loan.
To choose a bank in order to refinance a secured loan, you can study the current offers in your region in advance. Vyberu.Ru offers to use convenient system search. The portal contains all current offers for refinancing consumer loans in Moscow banks, conditions for 2019, by comparing which you can choose the most suitable one for yourself.
What is loan refinancing?
Refinancing is a banking product that allows you to get new loan on more favorable terms than the previous one, and with its help, fully or partially pay off the old contract. You can take one loan to pay off another at a lending bank or other financial institution. On-lending in Moscow banks allows you to reduce the interest rate, change the terms of payments and the amount of monthly payments, choose a different loan currency and combine several consumer loans into one. Refinancing of loans from other banks can be used to repay both targeted and consumer loans for any needs. In order for refinancing to be beneficial, the borrower must first calculate the costs of obtaining a new loan and add them to the amount of the penalty for early repayment of the old one (if such a clause is provided for in the contract). Then calculate the savings from the difference in rates and compare the resulting figures. Experience shows that if the difference in rates for refinancing programs in Moscow banks is less than 2%, it does not make much sense to re-register. This also applies to consumer loans, and car loans, and mortgages. The bank, no less than the borrower, is interested in getting rid of problem loan. In this regard, refinancing can be used to repay the loan in the same bank. But more often alone banking organizations use the refinancing of loans from other banks.
What are the conditions for refinancing a consumer loan?
In most cases, consumer loan refinancing is carried out under the following conditions: 1. At least six payments have been made on the current loan. This serves as a certain confirmation that the borrower is a bona fide client, has the means to pay and wants to repay the loan, avoiding delays and debts; 2. The absence of delays is another condition when refinancing is possible. This requirement is strict only for payments in the current calendar year. If some delays were made earlier, but have already been repaid, it is also possible to refinance the loan. The so-called technical delays, when the funds were deposited, but they were credited after the due date, should not affect the refinancing - the bank will take into account the circumstances of the payment. 3. This is the first refinancing of consumer loans. If the procedure has been used before, the bank may refuse a new loan. 4. It will be possible to refinance the loan if at least six months are left before the final payment date on the current loan. This is the most General requirements. Of course, the bank can meet the needs of its client and offer to refinance, for example, a consumer loan on individual terms. Be that as it may, refinancing a consumer loan should be discussed with employees of a banking organization.
In difficult financial situations, in the presence of debt to financial institutions, a person tries to find a way out of the current situation. Salvation can be a service for refinancing loans in other banks, the best and most profitable offers of 2019 for which are collected on this page. Each of the presented banking products has its own advantages and disadvantages. You should decide on priorities and choose the most suitable on-lending.
Refinancing is taking out a new loan to pay off old debts in other financial institutions that the client is unable to handle. In Russia, there are not so many offers from banks for “on-lending”, but there are enough of them to choose the best. A back-breaking loan can be consumer, mortgage or any other. Refinancing conditions may differ in interest rate and term, but repay the debt in any other bank.
The on-lending offer allows the client to:
Loan refinancing calculator
We invite you to pay on our online calculator refinancing loans. It allows you to compare the parameters of your current debt with the conditions after refinancing. Can be calculated with a decrease in the size of the monthly payment or general term the validity of the contract.
The registration process is no different from the usual consumer or mortgage loan. In addition to a passport, a certificate of income is required. Some banks may require Additional information or the presence of guarantors. It is also mandatory to check the credit history, the results of which make a decision: they can refuse to refinance, the offer can be changed or confirmed in the initial conditions.
In 2019, the interest on refinancing is increasing in line with the increase key rate the Central Bank of the Russian Federation, which directly affects the terms of lending by banks. Further growth is not ruled out in the future, therefore, if you have not yet issued an on-lending to existing loans, we recommend that you do this as soon as possible with relatively favorable conditions.
The lowest percentage from the bank Opening
Bank FC Otkritie can offer its customers the best offer on the market with the lowest interest rate. But it is not fixed, that is, it can vary depending on the capabilities of the borrower. The conditions stipulate personal insurance, upon refusal of which the interest increases by 7% with a refinancing amount of up to 300,000 ₽ and by 3% with a larger one.
- Interest rate - from 8.9% per annum.
To apply for refinancing a consumer loan (or other types of debt), you will need to confirm income. When requesting less than 100,000 ₽, this can be done without a certificate of income. providing only a passport and title. An application for refinancing is considered up to 2 working days, and cash transferred to a card or account.
Offer from Raiffeisenbank
Raiffeisenbank's offer is considered one of the most profitable due to the low fixed interest rate. Registration takes place online and by phone. The answer on the application for refinancing is given within 1 hour. With basic conditions consumer on-lending you can see below:
- fixed interest rate- 10.99% per annum.
- Loan terms - from 12 to 60 months.
- The maximum loan amount is 2,000,000 rubles.
To receive such a profitable offer, refinancing of other loans is available only subject to life insurance and disability of an individual. In case of refusal, the percentage rises by 4-5%. Insurance is not so expensive, and the benefits of it are huge. We recommend that you consider this option.
Refinancing from Tinkoff Bank
Among all similar offers from Tinkoff for refinancing consumer loans from other banks is one of the best and most profitable. Its essence lies in the design and connection of the service. Money from the credit limit is transferred to the account of another bank, and the client repays the debt to Tinkoff without paying interest on the loan for 4 months. This is a very good offer. The client is almost guaranteed to get a card. The only drawback is that there is no guarantee of obtaining the maximum credit limit. But worth a try, we recommend!
- Interest rate - from 12.0% per annum.
- The maximum loan amount is 300,000 ₽.
- Grace period without paying interest 120 days;
- You can use the “balance transfer” service no more than once a year.
The requirements for the borrower to obtain a card are minimal (the bank issues a card even with a bad credit history). But for a proposal credit limit affects the customer's rating. For registration of the documents you need only a passport. Issuing a credit card is free, and the annual service will cost 590 rubles.
Refinancing a loan at VTB
In 2019 VTB offers profitable terms for lending: low fixed interest rate long period and large sum consumer loan. But to receive such a percentage, you will need to take out insurance. Without purchasing insurance, the rate becomes floating in the range of 12.5-16.9%. You can combine up to 6 debts into one. After filling out the application form, you can see the VTB loan refinancing calculator, which clearly shows the bank's tariff and the client's benefit.
- Fixed interest rate — 10.90% per annum.
- Loan terms - from 6 to 60 months.
- The maximum loan amount is 5,000,000 rubles.
If an individual is not served by VTB, then in addition to a passport, he will need to provide SNILS and a certificate of income. For all loans in other banks, full documentation will be required. Agreements concluded with VTB Group are not subject to refinancing. Retirees and civil servants are offered preferential terms.
Refinancing a loan at Sberbank for individuals
Sberbank is the largest in Russia and offers individuals a wide range of banking services. He was one of the first in the country to offer his clients on-lending to consumer debt in other banks. Favorable offer makes a fixed interest rate and no need for insurance.
- Fixed interest - 12.5% per annum with an amount of 500,000 ₽, 13.9% with less.
- Loan terms - from 3 months to 7 years.
- The maximum loan amount is 3,000,000 rubles.
The offer does not include collateral and search for guarantors. The list of required documents from an individual does not require extracts from loan agreements. You can combine up to 5 debts and get additional funds for misuse.
Offer from Home Credit Bank
Home Credit Bank also refinances consumer debt. His offer may not be as profitable as compared to others, but it has its own characteristics - no need to confirm income and insurance. These conditions can be key to choosing an on-lending program.
- Interest rate - from 10.9% per annum.
- Loan terms - from 1 year to 7 years.
- The maximum amount is 1,000,000 ₽.
Of the mandatory requirements for the client, it is worth noting only registration in the region where the loan is granted. An application for refinancing is submitted online on the official website of the bank, and it takes up to 2 hours for its consideration. If approved, you will need to visit the office to complete all the documents. Funds are transferred directly to an account with another credit institution.
Refinancing at Alfa-Bank
In Alfa-Bank, refinancing of loans from other banks best interest rate but only for owners salary cards. For everyone else, the offer is also quite interesting and will almost certainly be more profitable than the current ones. To receive funds in 2019, you must fill out online application, wait for confirmation and transfer to the account of another bank. Additional funds may be available.
- Interest on on-lending - from 11.99% per annum.
- Loan term - up to 5 years.
Requirements for an individual are standard - citizenship of the Russian Federation, permanent place of registration, work experience. For registration, you will need the entire set of documents, including a certificate of income. Alfa-Bank carefully checks the credit history.
Refinancing a loan at Rosselkhozbank
Refinancing in Rosselkhozbank of loans from other banks applies only to consumer loan agreements. Also for payroll card holders, “reliable” clients and employees budget organizations a better offer. Loan security is required if it was provided for in the old contract.
- Interest rate - from 10.0% per annum.
- Loan term - up to 5 years.
- The maximum amount is 3,000,000 ₽.
The bank's requirements for the age of an individual are from 23 to 65 years, citizenship and registration of the Russian Federation, work experience at the current place for at least 6 months. Rosselkhozbank takes into account all the income of an individual (at the main workplace and others) and, based on these data, formulates a proposal for refinancing. Required documents standard: passport, income statement, military ID, pension certificate for pensioners.
Refinancing offer from Rosbank
Refinancing consumer loans in Rosbank from other banks does not differ in anything special from similar offers on financial market. Also eats preferential terms for some categories. individuals. In the rating of people's trust, Rosbank is below the middle in 2019, so it will fight for each client, offering the best services. But rude defaulters should not hope for a loan, the bank carefully checks the credit history. The essence of the proposal of Rosbank is:
- Interest rate - from 12.5% per annum.
- Loan term - up to 5 years.
- The maximum amount is 3,000,000 ₽.
Many banks are ready to refinance consumer loans to individuals. Check out all the offers and choose the best and most profitable for you. Carefully read the terms of the contract, and also pay attention to the additional services offered.
Repayment using VTB services
- After you apply for a cash loan, we will open an account for you or provide you with a card for easy payments. You can repay the debt at any branch of our bank. Contact the operator and show him your passport, your bank card or personal account number.
- if you have bank card, you can repay the loan by depositing cash at any ATM with the function of accepting cash. If you need to replenish your account to pay off the debt, this can also be done using an ATM.
- To remotely control the repayment of loan payments, connect the service. No branch visit. Just go to the website or download the mobile app.
- You can set up auto payment. The service allows you to transfer funds to an account according to a schedule without your participation.
Transfer from card to card
Transfer from card to card (it is necessary to take into account 3 days for transfer)
Other repayment methods (with a commission and crediting in a few days)
- at the Russian Post office;
- transfer from an account in another bank;
- in payment terminals;
- through Zolotaya Korona network service points (includes Euroset, MTS (Russian Telephone Company CJSC), Beeline (Vympelcom OJSC), Kari and others) salon chains.
Early repayment of the loan
You can repay the loan ahead of schedule (partially or completely) without commission.
- Apply for early repayment at .
- Change the terms of the loan repayment: reduce the term or amount of the monthly payment.
- You can pre-calculate the changes in your schedule in the table.
- Deposit the amount of early payment to the account on time.
How to find out the current information about the monthly payment and the balance of the debt
- via ;
- in any branch of VTB;
- by phone of the customer service center;
If necessary, reduce or reschedule the payment
Loans can "eat up" a large part of the budget. Real Opportunity facilitate repayments - get a new loan that will cover the previous ones in part or in full. This is called refinancing or refinancing, and banks are willing to make these deals. Refinancing loans from other banks: best deals we'll look at it in detail below. The question to be clarified is whether the proposed terms are beneficial to the borrower.
What is loan refinancing
Refinancing involves the issuance of a new loan by the client in order to repay the previous one, but on more favorable terms. Refinancing can be done both in the same bank where the first debt comes from, and in a third party. For example, Raiffeisen refinances car loans and mortgages taken from itself or from other organizations, while Sberbank, Gazprombank and VTB24 refinance a mortgage loan issued only in third-party banks.
Refinance mortgage loans, car loans, consumer loans. There is on-lending to individuals and refinancing credit institutions, the Bank of Russia works with the second. Most banks agree to refinance only certain types of loans: to refinance consumer loans or mortgages. So, "Alfa-Bank" refinances mainly mortgages, and "Renaissance" or "Uniastrum" - consumer loans (18-25%).
Refinancing is popular now credit cards: issued new map to repay the debt on the previously issued. Large organizations have programs specifically for specific large cities. In Yekaterinburg, VTB24 is popular, and the management takes this into account when creating a product for residents of the Sverdlovsk region. In St. Petersburg, MDM and Uniastrum banks have their own on-lending programs.
Standard scheme refinancing is:
- the borrower enters into an agreement with another bank;
- the new creditor transfers the amount of the debt to the first;
- the borrower pays money under a new contract.
If the loan was collateral, then this collateral will be re-registered to another bank. There is one subtlety: while the pledge is not re-registered and is listed in the old bank, the new lender sets an increased percentage, because according to the documents, the loan is unsecured at that time. When the deposit is reissued, the rate will decrease. This is what happens when you refinance a mortgage.
Benefits of on-lending
Making a new loan covering the old one is beneficial when the first loan is paid off for a long time, and another bank offers good conditions. Refinancing allows you to:
- reduce the interest rate
- extend the terms of the loan;
- change the amount of payments;
- change currency;
- if there were several loans and different banks, they are replaced by one.
List of banks refinancing consumer, mortgage and car loans
Refinancing loans from other banks: the best deals. The rating is based on the feedback from clients who were served in financial institutions, presented below. Most of them have a "calculator" function on their websites to calculate the amount of payments. Comparing rates, a potential client chooses the conditions that suit him and fills out an online application. After passing all the formalities, the money will be transferred to the borrower's account opened with the selected financial institution, or given out in cash.
The best offers of banks will be provided by reputable banks that refinance loans:
The procedure for obtaining a loan for refinancing
Having found out which banks are engaged in refinancing loans, having determined favorable conditions for yourself, go to the organization you need with documents. Each institution has its own requirements for a package of papers and their execution, but there is still a standard set:
- the passport;
- copy work book;
- a valid loan agreement;
- certificate 2-personal income tax.
Refinancing loans with a bad credit history is not carried out by serious organizations; you will have to confirm your positive reputation, as well as the stability of your income. Be sure to make a copy of the existing loan agreement, payment schedule, attached copies of papers confirming payment. The procedure is simplified with a written request for the balance of the debt and history on it. In advance (30 days before the next payment), warn the former lender that you will repay the loan ahead of schedule, take the details.
Refinancing procedure:
- an indicative payment schedule is calculated;
- the borrower fills out a questionnaire, submits an application;
- the positive history of the payer is confirmed, a new loan is approved;
- an agreement is signed;
- the new creditor transfers money to the old one;
- the client repays the debt according to the new schedule.
What you should pay attention to when concluding a contract
Keep in mind when concluding an agreement on refinancing loans from other banks: even the best offers can be fraught with "pitfalls". Read all the papers carefully, keep track of possible "traps". Pay attention:
- how interest will be calculated, it is important that this happens not from the day the contract is signed, but from the moment the funds are issued or transferred to the borrower;
- whether there is a total cost loan (effective interest rate), by law these data must be;
- whether the type of repayment schedule (annuity or differentiated) specified in the agreement matches that specified in the application;
- what are the conditions early repayment(It is legally prohibited to apply sanctions in case of early payment of debt).
When the debt is not paid on time, the bank has the right not only to fine, but also to write off all accounts that the borrower opened with him, but only if this was specified in the contract. Most contracts also state that the financial institution has rights to the borrower's property if the borrower refuses to fulfill its obligations. Please read everything carefully before signing.
A lot of time has passed since the appearance and registration of the first loan, and now it is no longer a way to get money for your needs in case of emergency. A large number of loan offers led to an abundance of issued loans. Many Russians pay several at a time. This situation is not reliable from a financial point of view, because in the event of unforeseen circumstances, it will be hopelessly spoiled. However, refinancing the loan can correct the situation. Banks combine and re-register loans taken from other organizations under more low interest.
Of course, not all banks and not every client provide this service. And some financial institutions offer conditions even less favorable than the borrower had previously. It is most profitable and most convenient to arrange refinancing at the bank where the original loan (or several) was taken. In addition, there is no point in refinancing if the rate differs by 1-1.5%, since the borrower will not benefit in this way.
List of banks that are engaged in refinancing loans
In fact, almost all banks are engaged in refinancing. Another thing is that the programs with which they work and the conditions for refinancing are very different.
- . It can rightly be called the main player in the refinancing market. Works with the main types of loans: consumer, mortgage, car loans. Refinancing conditions are determined individually, depending on which of the 10 categories of clients you belong to, so almost any borrower can choose the right program.
- . A much simpler system - only 2 programs: mortgage (12.5%) and consumer credit(17%), but the annual rate will depend on various factors and is also determined individually for each applicant. It is not so easy to arrange refinancing at Sberbank - they take the credit histories of potential customers very seriously and do not issue refinancing with a delay and a bad credit history.
- . Offers refinancing only to employees of partner organizations, while the interest rate is determined by the group to which the client belongs. There are three of them: A, B, C.
- . Focused on refinancing. The bank's specialists carefully develop these programs, making them as beneficial as possible for applicants. Unlike the previous organization, VTB does not refinance loans taken from any of the VTB Group banks. A person wishing to refinance a loan in this bank should not have any debts on payments in other banks, and the remaining time of payments should be more than 3 months.
This is far from full list banks involved in refinancing loans. Only the most popular and largest of them. Since free cheese is only in a mousetrap, you need to understand that the bank still wants to benefit for itself, so it is recommended that you carefully study the conditions of each program. Despite the fact that most banks require a perfect credit history, you can find refinancing offers with a bad credit history, but on less favorable terms.
