Economic crisis creates a demand for this kind banking services like 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 accommodate a client in need of a lower interest rate. 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
Refinancing loans from other banks individuals sometimes it happens 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.
In the case of attracting a guarantor, he will also be required to complete list documents.
Therefore, refinancing of a loan to individuals should not be confused with restructuring. The latter is carried out in conditions of the client's inability to pay 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 agreement 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 directions: on-lending for consumer and housing loans, debt relief on a debit card with an 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?
Any citizen can use the services of this large financial organization. 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.
Carries out loans to individuals with several existing 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.
The urgent need for money often forces borrowers to obtain loans on terms that cannot be called favorable. First of all, they are distinguished by a high interest rate and a short return period for the amounts received, which makes one think about refinancing.
From this review, you will learn about the best refinancing offers for individuals. persons in 2019.
Such loans are difficult to repay, as a result of which the fact of default on the obligations of the borrower may arise, entailing such negative consequences as fines and penalties. This should not be allowed. It is much better to find a financial solution that will be beneficial for the debtor himself.
With the help of refinancing in another bank, the situation can stabilize, and the debt can be repaid in full and ahead of schedule, which will significantly reduce the estimated cost of servicing the loan.
What is loan refinancing?
One of financial instruments, allowing to carry out on-lending to the client, is the refinancing of the loan. In fact, this process implies obtaining a new loan, the terms of which are more favorable to the client.
The new loan allows you to close the current debt and get rid of the old, less profitable loan in full. When using refinancing, it is necessary to thoroughly study the terms of the proposed lending. Pay special attention to the interest rate. It should be lower than the original loan. The term should be longer.
Clients often identify the concept restructuring with refinancing forgetting that their essence is completely different. If refinancing is expressed in obtaining a new loan, then restructuring includes the re-registration of an existing loan obligation by establishing more favorable conditions.
Funds received from on-lending are targeted in nature, associated with the repayment of debt incurred to another creditor.
Using the funds received under the new loan, the following can be done:
- refinancing consumer loans;
- closing the mortgage;
- return of funds to a credit card;
- repayment of a car loan.
The loan refinancing program can be extended to those clients who are not in arrears in the payment of loan payments, and therefore, the issue of refinancing should be raised in advance.
As a result of refinancing, the client has the opportunity to:
- to reduce the size of the interest rate paid for loan servicing;
- change the amount of the monthly fee;
- combine multiple credits;
- withdraw mortgaged property from credit security.
Clients who have significant delays in payments and have never paid a loan cannot count on refinancing. In order to use the refinancing opportunities, it is necessary to contact banking institutions. You can find out about which banks are engaged in refinancing loans from this article.
Is refinancing a consumer loan profitable?
The widespread development of consumer lending was the reason for the establishment of financial institutions various conditions for granting loans. And, while some banks continue to be guided by the principles of loyalty, others do not limit themselves in the size of interest rates, which gives rise to a certain number of credit defaulters.
The prevalence of consumer loans is justified by the fact that the provision of credit funds can be both targeted and inappropriate, and is aimed at:
- satisfaction of the household needs of the client;
- purchase of vehicles;
- mortgage.
Taking into account the fact that obtaining a new loan, with the help of which a previously obtained loan is repaid, the terms of repayment of which are less favorable, can significantly reduce the monthly burden on the debtor's budget, increase the debt repayment period and combine the entire range of credit obligations in one, the indisputable benefit of refinancing can be argued.
Top 10 Banks with Refinancing Deals 2019
It is possible to talk about whether refinancing a consumer loan is profitable based on information about the conditions under which the most popular banks provide funds for refinancing a loan. Complete online applications and find out who will approve and on what terms.
Rosbank - on-lending at a lower interest rate
Only 12% per annum, it is up to this interest rate that Rosbank offers to its customers. Refinancing of any kind from mortgages and car loans to credit cards and overdrafts.
- Term from 12 to 84 months;
- Interest rate from 9.99 to 17% per annum (12% is available for salary clients, for the rest from 13%).
Requirements
- Russian citizenship
- Permanent registration in one of the regions of the bank's presence.
A loan from Promsvyazbank with the possibility of reducing the rate to 6.9%
Great offer from Promsvyazbank. Loan with a decreasing interest rate and the possibility of refinancing other loans.
- Amount from 50,000 to 3,000,000 rubles;
- Up to 7 years;
- Bet from 6,9 up to 9.9% per annum.
Bonus! With the timely repayment of the loan without delays, the maximum reduction is possible original rate by 3% (9.9% - 3% = 6.9%) by 1% every year.
VTB Bank of Moscow - the most advantageous offer
Refinancing a loan from VTB Bank of Moscow is a reliable way to avoid delays. The bank is part of the VTB group, which includes VTB 24 and Post Bank, which testifies to its reliability and state governance.
The offered rates used in refinancing are classified as the most favorable. The lender is ready to refinance loans issued by borrowers belonging to the group of public sector employees, as well as those clients who are employed in organizations of other forms of ownership.
Among the main conditions are:
- the size of the rate, set from 12.9%;
- return period up to 7 years;
- the amount provided - within 3,000,000 rubles.
In order to realize the possibility of on-lending, an online application must be sent by the interested person.
With the agreed amount, foreign currency loans can be repaid. Borrowers can use the opportunity to provide "Credit Holidays", subject to the implementation of monthly payments for 3 months.
UBRIR - 13%
Credit "It's simple!" from UBRIR to repay existing consumer loans, credit cards in third-party banks. The offer from this bank offers, perhaps, best rates on loans for refinancing.
Conditions:
- Amount from 30,000 to 1,000,000 rubles;
- Term from 24 to 84 months;
- The rate is 13% per annum.
Requirements and documents:
- passport of a citizen of the Russian Federation;
- certificate of income for f. 2-NDFL or in the form of a bank for the last 6 months (Borrowers who are individual entrepreneurs, founders-co-founders of the enterprise, provide a certificate of registration and tax return, including in the form 3-NDFL);
- the borrower's age is from 21 to 75 years. on the date of loan repayment.
Important! Application consideration time - 1 day. Depending on the assessment of the client's creditworthiness, the rates will change: 15-19% with the possibility of reducing to 13-15% within two months.
URALSIB - minimum documents and 11.4%
Just one visit to the bank, only two documents, that's all you need to refinance a loan at URALSIB. The number of refinanced loans is not limited, the provision of additional funds for consumer needs.
- Amount from 35,000 to 2,000,000 rubles;
- Rate from 11.4% per annum;
- Term from 13 to 84 months.
Refinancing a loan to Rosselkhozbank
For its part, the Rosselkhozbank also offers refinancing of loans from other banks. Honest and transparent working conditions have become the main principles of this institution in the banking sector.
Already today, refinancing of a loan at Rosselkhozbank can be performed, subject to the following conditions:
- the minimum rate is 13.5%;
- coverage level - 1,000,000 rubles;
- return period - within 5 years.
The calculator, which is available on the bank's website, allows you to calculate the loan yourself, using the ability to perform differentiated and annuity payments. The choice of payment system is used by only a few banks.
The bank refinances loans without certificates and guarantors, while granting the right to provide collateral and issue a surety.
Loans received in national currency, euros and dollars are allowed for refinancing, provided that payments on such loans were made by the borrower during the year, starting from the date of receipt of the loan.
The refinancing application will be approved by clients with a positive history of loan repayment.
Interprombank refinancing for Moscow residents
Another offer to refinance loans from other banks is presented by the Bank of Moscow Interprombank.
For residents of the capital and the region, the bank has developed a special and most loyal offer, which will allow combining a number of loans with a high rate, as well as significantly reducing the cost of servicing them. At the same time, it is possible to increase the term of servicing a single loan.
The main principle by which approval or refusal of refinancing is provided is the presence of a Moscow residence permit. The conditions apply to the residents of the region.
Taking into account the interests of pensioners, the bank increased the age criterion of a potential client to 75 years, which allows the most vulnerable group of citizens to use their financial opportunities on a par with people of working age.
Main criteria:
- application of the rate at the level of 12%;
- setting a return period from six months to 5 years;
- provision of funds from 45 thousand rubles. up to 1 million rubles;
- the obligatory presence of registration and residence on the territory of the capital and the region.
In addition to the refinancing itself, the bank offers clients to receive additional funds in the form of a loan, provided to fulfill any conceived desires.
Refinancing a loan at Sberbank for individuals
A favorable offer from Sberbank makes it possible for a wide range of people, namely those clients who are classified as salary, to refinance those loans that were received in other financial companies... Additional privileges are provided to civil servants and state employees.
Sberbank is ready for on-lending and those clients who have not previously cooperated with the bank. Special conditions have been developed for them.
Basic conditions for refinancing a loan:
- the minimum applicable rate is 13.9%;
- the time allowed for the return is no more than 5 years;
- loan amount - no more than 3 million rubles;
- consolidation of up to 5 loans received from other banks, including collateralized car loans.
Considering that Sberbank belongs to the group of state-owned banks, we can safely talk about a certain status of the bank, the level of its reliability, and the presence of permanent partners.
The application can be completed not only as a result of a personal visit to the branch, but also online, which makes it possible to obtain the required loan solution without leaving your own computer.
Refinancing program from Svyaz-Bank
One of the best offers in 2017 for refinancing loans from other banks was presented by Svyaz Bank. The procedure requires the provision of a loan agreement and a certificate of debt, indicating those bank details to which the newly received loan must be transferred.
Subject to refinancing:
- consumer loans;
- credit card debt;
- car loan debt balances.
The total loan amount can reach 3 million rubles, with a maximum term of 84 months. The setting of the interest rate is carried out individually. The rate ranges from 13.9%.
A pleasant bonus is the absence of the need to pay commissions and provide collateral.
To calculate the approximate amount of payment for the use of the loan, you can use the calculator, which is available on the bank's page.
Alfa Bank refinancing loans from other banks
- Max. amount up to RUB 4,000,000;
- Interest rate from 10.99%;
- Loan term from 1 to 7 years;
- Consideration in 15 minutes.
The institution is ready exclusively for refinancing targeted loans, namely mortgage lending. Some conditions of provision are associated with the fulfillment of additional requirements, namely, insurance of the client's life, his health and the mortgage object itself.
In the presence of insurance, Alfa Bank refinances loans from other banks, with the establishment of an interest rate at the level 10,9% ... Cancellation of insurance is the basis for an increase in the level of interest.
The bank engaged in mortgage refinancing has set the minimum loan amount at 600 thousand rubles. The maximum indicator should not be more than 85% of the price of the real estate itself, which is the object of the mortgage.
You can get the bank's decision on the possibility of refinancing after submitting an electronic application, as well as when you visit the institution on your own. Cooperation with a banking institution is one of the most acceptable ways to resolve the issue of refinancing and get rid of loans with onerous conditions.
Bank Pervomaisky - help to repay loans in other banks
The offer from Pervomayskiy Bank is suitable for those who want to quickly "sort out" consumer loans without collateral, credit cards, overdrafts from other banks.
- Amount up to 1,000,000 rubles;
- Rate from 13.55%;
- Up to 60 months;
- Additional money for any purpose.
Requirements:
- Russian citizenship;
- A document confirming income, a document on the balance of debt under contracts subject to refinancing.
Important! The number of refinanced loans is not limited, the amount of monthly payments is significantly reduced, additional cash for any purpose and debit card For a present.
Gazprombank refinancing up to 7 years
For those who have a consumer loan, serve it without delay for at least six months, and will have to repay at least another six months, Gazprombank offers refinancing of loans from other banks with a corresponding purpose.
Clients are guaranteed the possibility of refinancing:
- for up to 7 years;
- interest rate at the level of 12.25%;
- the maximum amount is up to 3,500,000 rubles.
The interest rate depends on the required return period for the client. An essential condition is insurance. Refusal to fulfill it entails an automatic increase in percentages by 0.5 points. Offers for current clients may differ somewhat from the conditions that apply when working with new clients.
You can make an approximate calculation of the total cost of the loan received using a special calculator posted on the bank's website on the Internet.
Post Bank - on-lending
Execution of loans in a hurry often leads to the discovery of pitfalls in loan agreements, high fees for servicing the loan, which can significantly affect the financial position of the borrower. You can get rid of such loans only by fully repaying them.
You can accelerate repayment by refinancing such a loan. Post Bank refinances loans from other banks, which allows not only to reduce the amount of overpayment, but also to combine all existing obligations into one, using the most loyal return conditions.
The bank is focused on working with various groups population, giving Special attention such a category as retirees. For them, special programs have been prepared that allow them to carry out the most profitable refinancing.
The standard interest rate is fixed at 12.9%. The final conditions for the consolidation of loan obligations are determined individually, depending on the information obtained from the client's documents.
B&N Bank - lowers the rate in 2018
B&N Bank also entered the list of banks ready to refinance the liabilities of existing and potential customers. Among the conditions offered:
- interest - from 14.99%;
- return period - no more than 7 years;
- amount - within 2,000,000 rubles;
- security - none.
Loans in national currency are accepted for refinancing, provided that at least three payments are made and the balance of the debt is from 30 thousand rubles.
Transparent conditions, simplicity and reliability of the bank provide it with a large number of new clients.
Raiffeisenbank refinancing at a rate of 10.5% per annum
Focusing on mortgage credit lending, Raiffeisenbank refinances mortgage obligations, along with loans with no specific purpose.
When refinancing a mortgage, a rate of 10.5% is applied (from the second year 9.99%). Clients with other types of loans (except for those issued for the purpose of doing business) can get a new one target loan with a rate of 17.25%.
Consultations on refinancing issues are provided in any way convenient for the client:
- by conducting telephone connection(client's appeal to the call-center, call back);
- v online mode;
- upon individual contact with a bank branch.
SKB-Bank - combine all loans into one
Do you have loans with high percentage and purchase by installments? Tired of keeping track of your monthly payments? Combine loans from other banks and reduce the payment on them! Refinancing of consumer loans in SKB-Bank, great way to combine up to 10 credits and cards into one and pay less.
Refinancing conditions:
- Amount from 30,000 to 1,300,000 rubles
- Early repayment without restrictions and commissions
- Fixed rate on the loan 11.9% per year
- Up to 60 months
- Collateral NOT REQUIRED
- Application consideration time from 1 to 2 days
- It is possible to attract 1 joint and several borrower for the purpose of increasing the maximum loan amount
Borrower requirements:
- Age 23 to 70
- Russian citizenship
- Work experience in the last job for at least 3 months
Important! The loan amount cannot be less than the amount owed by credit agreements subject to refinancing, plus 3%. The maximum loan amount depends on the solvency of the Borrower, Co-Borrower (if any). When refinancing a loan opened with SKB-Bank, when determining the amount of a new loan, 3% is not added, only the principal amount is subject to refinancing. The amount remaining after refinancing is used by the Borrower for consumer needs.
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 if absolutely necessary. A large number of loan offers led to an abundance of loans issued. 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 ruined. However, the situation can be remedied by refinancing the loan. Banks pool and reissue loans taken from other organizations at a lower interest rate.
Of course, not all banks provide this service and not every client. And some financial organizations offer conditions even less favorable than the borrower had before. The most profitable and convenient way is 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 from this.
List of banks that are engaged in loan refinancing
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 rightfully be called the main player in the refinancing market. Works with the main types of loans: consumer loans, mortgages, 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 a suitable 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 issue refinancing at Sberbank - they take credit histories of potential clients very seriously and do not issue refinancing with delays and bad credit history.
- ... Offers refinancing only to employees of partner organizations, with the interest rate determined by the group to which the client belongs. There are three of them: A, B, C.
- ... Focused specifically 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 who wants to refinance a loan in this bank should not have arrears on payments in other banks, and the remaining time for payments should be more than 3 months.
This is not a complete list of banks that refinance loans. Only the most popular and largest ones. 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 to carefully study the conditions of each program. Despite the fact that most banks require an ideal credit history, you can find offers for refinancing with a bad credit history, then on less favorable terms.
Loans for a car, an apartment, training, household appliances and credit cards do not allow you to sleep peacefully? Try to refinance in one bank. This will help reduce the monthly payment, make life easier and more comfortable. The site "Yakapitalist" offers to get acquainted with the best offers.
What is a loan, knows on personal experience almost everyone. Most take out loans and pay them off safely. But there are situations when a person needs help in paying off the remaining debt. Of course, no one will repay the loan received for you, but it is possible to reduce and combine payments. We will consider where it is more profitable to arrange loan refinancing. Meet the best deals of 2016.
Refinancing a loan, saying simple language- this is the repayment of the old loan at the expense of the new one.
For example, you took out a loan from bank N. Once you realized that you are paying huge interest. There are banks that are ready to offer 2-3 times lower rates. You go to one of these banks (let's call it X) and say that you want to carry out the refinancing procedure. Bank X draws up for you new loan and without giving it to you, transfers it to bank N. The latter closes your loan account. Now you pay a much lower amount to Bank X and rejoice at your resourcefulness.
Relending will help if you have several loans from different banks. Having issued it in one institution, you will not constantly think about debts. In addition to reducing your monthly payment, you save time that you would have spent paying off multiple loans, which is important.
But there are several pitfalls here:
- Before counting on a decrease in payments, calculate the future payment. Find out the current rates, hidden commissions. Maybe, credit organization does not talk about something, which will then affect the amount;
- with a bad credit history, a solid bank will not give new loan- he does not need delays. You must first approve the application for the issuance of a future loan;
- some banks in crisis conditions may refuse to refinance, although such an option is indicated in their product line. Check with the staff in advance. For example, Sberbank in 2016 does not perform a similar procedure with consumer loans, only when buying or building real estate.
Borrower requirements
To start the refinancing procedure, you must comply with the requirements that banks impose:
- age from 18-23 years at the time of issue and up to 55-70 at the end of the loan term;
- Russian citizenship;
- registration on the territory of Russia, in the region where the loan is issued;
- no existing overdue debt;
- lack of initiated bankruptcy proceedings or legal claims in the name of the borrower;
- availability of documents for refinanced loans (agreements, notifications of full cost);
- the presence of official income, which is documented (certificate form 2-NDFL, or 3-NDFL, or in the form of a bank);
- availability of valid civil documents - passport, SNILS, foreign passport, military ID and others at the discretion of the bank;
- availability of relevant details for transferring funds to repay loans from other banks.
Otherwise, the requirements of a particular bank may vary.
It must be remembered that the bank has the right to refuse to issue. The reason is usually not reported. Do not torture an employee in a window. The decision is not made by him, but by a special internal service underwriting.
The best offers on the refinancing market in 2016
1. VTB24
Excellent conditions for conscientious payers and law-abiding citizens - a guarantee of 100% approval of the application. In total, you can combine up to 9 promissory notes. This includes conventional loans, credit cards, car loans and mortgages from various financial institutions. Sum total debt can range from 100,000 rubles to 3 million. Interest rate - 15% per year. This is a good rate when compared with loans 2-3 years ago. It is their people who usually want to re-register. The loan term is limited to 5 years. The borrower's age starts 21 years old and ends 70 years old.
2. Post Bank
A relatively new credit institution with ambitious plans to squeeze Sberbank across the country. The conditions it offers are not particularly attractive, but it is worth considering, since in the regions it may become the only alternative. The maximum loan amount on refinancing terms does not exceed 500,000 rubles, but the minimum is only 50,000 rubles. It includes no more than 2 debt loans. The rate is 19.9%, but if you guarantee that you will pay on time, then the rate will be reduced to 16.9%. The loan term reaches 72 months.
3. BinBank
The most Better conditions offers to those who receive it wages- from 16.5% per annum for an amount from 300,000 to 1 million rubles. The rest of the clients will pay 20.5% on the same terms. If the loan amount is from 100,000 to 299,999 rubles, the interest rate rises to 24.5%. The term starts from 24 months and ends 84. The maximum amount of refinanced loans is not more than 1 million rubles.
4. MKB (Moscow Credit Bank)
Draws up loans to repay loans in other banks to persons over 18 years old. The rate is calculated individually for each client and starts from 16% per annum. Possible amount from 50,000 to 2 million rubles. Term from 6 to 180 months (15 years). The term for consideration of the application is from 3 hours to 3 days. A positive decision will be valid for 1 month. Loan issuance fees and early repayment absent.
5. Citibank
This financial institution, although it is an international one, provides Russian citizens with favorable conditions for refinancing loans taken from other banks. The minimum amount is 100,000, the maximum is 2 million rubles. The term is from 2 to 5 years. The interest rate is very attractive - 15% per annum. But there is one condition. If, within 3 months, you do not repay the loans for which you took funds or, upon request from the Credit Bureau, Citibank sees that the loans have not been closed, the rate will immediately increase to 25%. One of mandatory conditions is that the borrower must have an official income of at least 30,000 rubles (net) and he must document it.
To choose Best offer on refinancing, let's see the summary table.
Analysis of proposals
It should be said that the market for refinancing services has significantly decreased in last years... This is most likely due to the general financial crisis and the unwillingness of banks to take on additional risks. Only 20% financial institutions from the TOP30 can boast of a similar offer. Even Sberbank refinances only loans with real estate collateral.
All the banks presented give their clients the opportunity to reduce payments without issuing pledges and guarantees, which is very convenient. There are no fees for issuance, maintenance and early repayment, but there are additional options for which a certain percentage can be taken. Here it is worth mentioning at once about the Post-Bank. 19.9% is claimed, but with a guarantee of a timely return, the client will pay only 16.9%. However, his service "Guaranteed Payment", when activated, the loan rate is reduced, costs 3% of the borrowed amount. That is, the client wins nothing.
BinBank offers a favorable rate - 16.9%, but not to all, but only to “salary” clients. MKB also pleases with its offer - from 16%, long lending terms and the ability to issue a loan even at 18 years old. Citibank and VTB24 remain the main favorites. Their rate is record low - from 15%. If you look more closely, you can see that VTB24 wins due to:
- quick decision-making on a client's request;
- large maximum amount (up to 3 million rubles);
- minimum loan term (6 months);
- consolidation of up to 9 debt obligations.
Summarizing
If you are tired of paying huge amounts for a loan or you are tired of remembering numerous debts every month, consider refinancing.
1 + 1 = 1? It turns out that it happens!
Do you have several bank loans and their repayment is a heavy burden for the whole family? You have a chance to lower your monthly payment and reduce your overpayment. Don't believe me? If so, read this article.
What is on-lending?
Each institution has its own rules for registration. But all banks adhere to one requirement: refinancing of consumer loans is possible only if there were no solid debts on them and not.
Banks need solvent clients who fulfill their obligations in good faith. In return, they will be offered favorable lending terms and minimum interest rates.
How beneficial is it and when should you agree to this program?
Of course, the registration of any loan, no matter how profitable it is, should be a well-thought-out deal. It is necessary to evaluate all the advantages and disadvantages so as not to exchange "awl for soap".
First of all, you need to determine the amount of costs and benefits that you will receive after refinancing. Will they cover all your costs associated with a new loan?
But you must understand that the longer you repay the loan, the more percent pay the bank.
So which banks are refinancing loans in 2016?
TOP-3 profitable programs
The list of banks that refinance loans is headed by Gazprombank. The terms it offers are the best on the market.
The maximum loan amount is 1 million rubles. The contract is concluded for a period of up to five years. The interest rate is from 14 to 15.5% per annum. If the client refuses to issue a policy personal insurance, then the base rate is increased by 1%.
This consumer loan has several disadvantages:
- long term for making a decision on the application - up to 5 days;
- increase in interest in the absence of insurance.
Of the advantages, it can be noted: low interest rates and no collateral.
Clients are offered a high credit limit- up to 3 million rubles. In this case, no surety or pledge is required.
The loan is issued for 60 months. With the funds received, it is possible to repay up to nine loans, but they do not have to be issued in banks belonging to the VTB Group.
There are no commissions and additional payments.
The only drawback of this program is the lengthy process of loan approval, which takes 5-7 days.
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The decision on the application is made within two hours. Only a few can boast of such efficiency.
So, having studied the proposals from Russian banks, we made the following conclusion. Refinancing conditions are indeed favorable compared to standard consumer loans.
But this program can only be used by borrowers with an impeccable credit history and a stable financial condition.
