A loan is an excellent opportunity to purchase the necessary property and use it, gradually paying for the debt, and not save the money for your dream. But sometimes the credit load falls on a grave burden on the family budget, "eating" his lion's share monthly. You can repay the acting loans by the refinancing target program.
The meaning of the refinancing mechanism is that the borrower, concluding a new loan agreement on more favorable terms, extinguishes one or more other debts. On the credit market there are many products for refinancing. To choose the best option, it is important to know which banks are engaged in refinancing loans.
A competently selected refinancing program has undeniable advantages:
- decline in interest on the loan;
- decrease in the size of the mandatory monthly payment;
- combining all loans to one if the loan is not the only one.
There is no need to memorize various payments, plan according to them cash spending, bypass various banks. Once a month there will be a single payment into a single credit institution.
Recovery, in contrast to restructuring, improves credit history. Refinancing in the BLI report is reflected as early repayment of debt. The new loan is the following item.
It is possible to choose the most profitable program in the same bank where there is old debt, or in any other.
What banks make refinancing loans and under what conditions
Which bank can you get this service? In the banking sector there is powerful competition. Banks are interested in luring bona fide customers. They with hunting carry out other banks.
In turn, financial organizations with which the Agreement is valid, are interested in keeping their customers, of course, provided that they are not malicious defaulters. These banks refinance loans to their reliable borrowers.
Many banks offer a wide range of programs. Some are carried out targeted, mortgage loans, car loans. List of banks involved in refinancing programs, rather capacious:
- Sberbank of Russia. There are no fees for the provision of a loan. Rates vary in the range of 17.5-28.5%. Credit period up to 5 years, the maximum size of the loan is 1 million rubles. A new program has been launched, the rate on which is 14.9%.
- VTB 24. The product offered to customers has very favorable conditions: the amount of 100 thousand rubles. up to 3 million rubles., time up to 5 years, cost up to 17%.
- MDM Bank. You can make refinancing in the field of car loans and on credit cards. Launch times - from 1 to 5 years, an annual rate from 14.5%, the amount to 2.5 million rubles.
- Raiffeisenbank. Can offer potential borrowers refinancing in ruble and foreign currency. Works at the lowest percentage and with the longest periods, up to 25 years. Bet - from 12.5% \u200b\u200bper annum.
- Gazprombank. There are proposals for losing mortgages with a low interest rate from 13%. Mandatory condition is the presence of guarantee, collateral.
- Rosbank. Credits citizens in the amount of up to 1 million rubles, up to 5 years, cost from 14 to 19%.
- Rosselkhozbank. Limit on the loan - 1 million rubles., Term - up to 5 years, annual interest - 21.8%.
It should be understood that the data set by banks on refinancing programs is basic. For each client, the calculation will be individual and in terms of time, and in the amount, and in the interest rate.
Having studied in which banks the most favorable conditions act, the borrower can correctly navigate and competently choose the best offer in its financial situation.
Conditions and procedure for registration
Before deciding on debt refinancing, learn a loan agreement should be attentive. If he is not alone, then learn all available. There are banks in which early repayment is prohibited, then the dedication is impossible. Many banks for early repayment provide for penalties, in this case you need to accurately calculate, or it is the path to the debt.
It is also necessary to understand that if the borrower has an unimportant credit history or there is a delay in payments, then the banks are unlikely to take a positive decision on his application. It cannot be refinanced by the restructured.
Banks do not carry out the unofficial loans.
The conditions for which almost all banks pay attention to: loan payments for at least 18 months, paid amount of debt - at least 20% before the end of the credit period.
The requirement is optional, but the banks welcome and willingly engage in losing their customers - participants in the salary project of this institution.
Also compulsory conditions for participation in the program are:
- russian citizenship;
- availability of registration (permanent or temporary) in the region where the bank is located;
- age frames (requirements of banks are different, usually people should be no longer 23 and not older than 60-65 years at the date of repayment);
- official employment, the duration of work in the last place is at least 4-6 months.
When a suitable financial institution is selected, you need to apply, in the online mode. After the bank's adoption of a preliminary positive decision, the potential borrower addresses the department and provides an impressive document portfolio:
- passport;
- second document identifying personality (military ID, passport, pension certificate, etc.);
- a document confirming employment (employment contract, contract, a copy of the employment record);
- documents confirming income, for example, Help 2-NDFL;
- certificate of refinanted debt indicating the bank details and the number of the contract, a copy of the contract;
- documents for ownership of any property;
- the application indicates the existing contacts (rooms of stationary and mobile phones).
During a certain time, the Bank's experts analyze the data and decide. When complying with all necessary items, it is positive. The client submits in the previous bank an application for early repayment of the loan, then concludes a contract with a new lender. The Bank, which performs refinancing, performs operations without the participation of the borrower and extinguishes his debts by liding money to creditors. The client remains a contract and a new debt repayment schedule.
When refinancing a mortgage loan, additional costs are required to determine the liquidity of property and, accordingly, additional documents for the property object.
Nuances to pay attention to
Customers often ask the question: "Why can you take another loan with less interest to repay the current debts?" The fact is that in this case, when considering the application there is a special banking program - scoring, evaluating the reliability and solvency of the client. It compares the amount of all payments with the borrower's confirmed income. With a negative result of processing, a bank loan will not be issued.
It is necessary to participate in the refinancing program, it involves finding reserves to repay debts by reducing the rate and increase the credit period.
Modern credit institutions are focused on customers and care about borrowers, but they act in their own interests. The minimum rate may be compensated by a large insurance, a commission for providing a loan, for payments, etc. Before concluding the contract, it is necessary to carefully examine it for the presence of such pitfalls. Refinancing makes sense only when the conditions for a new loan really, and not on paper, more profitable for the previous ones.
