Which bank provides a loan for refinancing? Are banks required to refinance their own loans? Sberbank reduces rates on consumer loans

Included in the list of services offered by most banks. Through this program, you can improve loan conditions and reduce financial burdens.

But is it really that simple? Before applying for a refinance, you need to consider all the pros and cons.

In this article we will reveal the whole truth about refinancing loans: is it profitable to do it and is it worth it, what is the benefit for you and what is it for the bank, we will find out the catch of the proposed service.

Is it worth refinancing?

Refinancing involves taking out a new loan to pay off the old one.

For example, the client already has a current loan agreement with a banking institution. He has the opportunity to contact another bank, where he will be offered a loan at a lower price. interest rate.

When applying for a refinancing, the borrower repays the first loan and pays it to another, new credit institution. New loan funds are transferred for repayment old debt. We wrote about refinancing loans from other banking institutions.

On-lending is usually divided into external and internal.

Domestic is offered within one bank. That is, the borrower is given a specific amount that can cover the old loan, but on more favorable terms.

The contract is re-signed with the client, indicating the changed interest rate and term. Typically, banks rarely agree to such a service unless there is a real need.

So, if the client has serious financial difficulties, then refinancing can be carried out, since for the creditor such a prospect is better than dealing with the courts when the debtor does not pay at all.

The latter receives a revision of the conditions in his favor, which also eases his burden. And sometimes renegotiation of loan terms becomes a bonus for conscientious borrowers.

External on-lending is an application to another organization to cover debt. Sometimes it's the only thing Possible Solution, helping to improve the conditions for using borrowed funds.

The client has every right he can refinance the debt himself. This option is much more common, and in many cases it becomes very profitable.

The program allows the borrower to receive the following benefits:

This program, however, is beneficial and not always appropriate.. To understand whether the profit will be sufficient, you need to consider the following points:

• Interest rate. To significantly reduce overpayments, the difference between the two figures must be at least 5%.
• Monthly payment amount. Please note that as the loan period decreases, regular payments increase.
• Commission. The service involves the payment of a commission fee, and if it is too high, then the opportunity to save for the borrower is significantly reduced.
• Early repayment. When paying in advance, the profit of a banking institution decreases, so many of them, in order to level out losses, introduce fines and penalties.

In the first case, payments each month will be equal, and will include the amount of interest repayment (at first it will be large) and a small part towards the payment of the principal debt.

The latter will increase at the same time as the interest rate decreases.

With differentiated payment, the payment is always equal, and interest is charged only on the balance, and over time the total amount decreases. For the bank, the second option is not very profitable, since interest income decreases.

Offer pitfalls

Regardless of which bank the refinancing is processed in, The pitfalls of this service are almost identical everywhere:

You also need to consider the presence of hidden fees and charges.. This may concern the assessment of collateral (and paying an appraiser is not yet a guarantee of a positive decision credit institution), as well as fees for processing a loan application.

An additional pitfall is the need to collect a large number of various papers and certify them.

This only makes sense if the benefits of refinancing are sufficient - otherwise you will simply be wasting your time.

Benefit for the bank

For banks, the main benefit of providing the service is in attracting new reliable clients. That's why they check your credit history. You can read about how to refinance a loan with bad credit.

In addition, offering clients loans for more favorable conditions, banking institutions benefit from the difference in interest paid to the old lender and established for the borrower.

The commission, consisting of interest on the new conditions, is the benefit for the financial organization.

In addition, by frequently re-registering the debt, the client also pays interest to the old creditor for repayment ahead of schedule.

As you can see, this solution really has a lot of advantages., and it appears to be beneficial for both the lender and the borrower. But it's not that simple.

The fact is that there are also disadvantages and pitfalls, so you first need to study them all.

It is convenient to use special calculators for calculations. And also evaluate the offers of different banks and try to choose the best one.

In contact with

Hello, dear readers of the online magazine “site”! Today we’ll talk about what loan refinancing (refinancing) is, how to do it correctly, and which banks refinance loans from other banks ( best deals 2019 are given in the corresponding section).

After reading the article from beginning to end, you will also learn:

• What loans can be refinanced;
• Is refinancing profitable? consumer loan;
• For what reasons may banks refuse to refinance?

At the end of the article, we traditionally answer frequently asked questions on the topic under consideration.

This publication is worth studying not only for those who plan to refinance their loan in the near future. The information contained in the article will be useful to everyone who strives to improve their level financial literacy . So don’t waste time, start reading right now!

What is loan refinancing (on-lending) and how to apply for it, as well as where you can refinance a loan from another bank - in our new issue

1. What is loan refinancing - an overview of the concept in simple words

Term « refinancing" formed from 2 -x words: re – repeated, financing – provision of funds on a paid or gratuitous basis.

What does loan refinancing mean?

Loan refinancing – this is the registration of a new loan in order to repay the existing one on more favorable terms for the borrower.

This procedure is also called refinancing. Simply put, refinancing is taking out a new loan to pay off an old one.

From a legal point of view, a loan issued during on-lending is a targeted loan. This is due to the fact that the agreement must indicate that the funds provided are used to repay the debt owed by another creditor.

In most cases for the purpose of refinancing is a reduction ↓ interest rate. Most often, such measures are resorted to by those who took out a loan quite a long time ago.

Let's give an example : Borrower in 2013 took out a loan for a large amount at the rate 25 % per annum. IN 2019 year, another bank offered him a loan against 12 % . At the same time, there is still about 6 years.

The borrower decides to refinance. This allows him to significantly reduce ⇓ monthly payment amount and correspondingly, overpayment on a loan.

2. For which loans is it possible to refinance?

Competition in the lending market today is very intense high level. As a result, banks are forced to fight with each other for each client. This inevitably leads to improved refinancing conditions.

For today for banking sector The following changes are typical:

• reduction↓ interest rates;
• simplification of the procedure for repaying a refinanced loan (the bank independently transfers funds to pay for it);
• increasing the terms for which on-lending is provided;
• easing the requirements of banks towards clients.

Modern banks allow the borrower to refinance the following types credits:

• debts on debit cards in the form of overdraft;
• consumer loans;

The possibility of refinancing a particular type of loan is determined by each bank individually. Therefore, before submitting an application, you should familiarize yourself with the proposed conditions.

The period during which a loan taken for refinancing can be repaid is determined primarily by the type of debt repaid with its help.

📝 For example, if carried out, you can count on a period within 30 years. If refinancing occurs consumer loan or car loan - the repayment period usually does not exceed 5 -10 years.

Refinancing in most cases allows the borrower to receive a number of benefits:

1. improvement of credit conditions – reduction↓ of the rate, reduction↓ of the monthly payment and increase in the payment term.
2. change in loan currency;
3. combining several loans into one loan to simplify payments;
4. release of property from collateral – if a car loan or mortgage can be refinanced without providing collateral.

❗ But it should be kept in mind that on-lending is impossible if current agreement there is a link to prohibition of early repayment.

If you plan to hold refinancing , it is important to consider how much time has passed since the last refinancing. Some banks refuse to draw up a new agreement if the loan has already been refinanced previously.

Lenders may also set limits on the time elapsed from the date of refinancing. In most cases you have to wait no less 12 months.

3. Is it profitable to refinance a consumer loan?

IN Lately is becoming more and more in demand. The reasons for this lie in the ability to perform various purposes without the need to save, For example, purchase a car or real estate, satisfy household needs.

In a highly competitive environment, banks develop lending parameters that are very different from each other. Alone lenders attract clients with more favorable offers, other– simplicity of design. And often, after receiving a loan, borrowers realize that it turned out to be unprofitable. In such a situation, the question arises about conducting refinancing .

✍ Take note!

Before agreeing to refinance, it's important to make sure that this procedure will really be beneficial. To do this, it is enough to calculate amount of overpayment for a new loan and for an existing one and compare them. It is important to take into account not only interest rate , but also different commissions And insurance payments (if they are).

If during the calculations it becomes clear that refinancing will lead to savings, you should estimate its size. If the amount turns out to be significant, there is no need to waste time; it is best to start the procedure as soon as possible.

Main stages of loan refinancing

4. How to refinance a loan at a lower interest rate - 5 main stages of refinancing

So, if you decide to refinance an existing loan, then it is important to do it quickly, clearly and with greater benefit. To do this, experts recommend using instructions With detailed description each stage of the procedure.

Stage 1. Communication with an existing lender

On the one side, The legislation does not oblige the borrower to notify the lender of its intention to refinance. However, professionals recommend doing this anyway.

Banks usually do not want to let bona fide borrowers go. In order to retain them if they intend to refinance with another bank, they may offer to change the terms of service. At the same time, the borrower Not only will pay the loan on more favorable terms, but will also carry out the procedure much easier and faster.

Stage 2. Selecting a bank

If, nevertheless, the bank in which the current loan was issued does not agree to a meeting, you will have to refinance with another credit institution. Experts recommend approaching your choice as responsibly as possible.

First of all, you will have to compare the offers of several banks you like. You should study the information on their websites, reviews on the Internet on specialized sites and forums. If you don’t have the time or desire to select a lender yourself, they will come to your aid specialized comparison services , and ratings, regularly compiled by specialists.

When a bank for refinancing is selected, it is important to carefully study all the documentation regarding refinancing posted on its website, including:

• rates;
• presence of limiting conditions;
• list of required documents.

If you have any questions, you should definitely get answers to them by contacting bank employees by phone call center or via online chat. Only when all the features of the procedure are clear can you begin to process refinancing.

Stage 3. Completing and submitting an application for loan refinancing

To apply for refinancing, in addition to statements You must provide a package of documents to the bank. Each lender independently develops this list, but there are a number of documents that are almost always required.

What documents are needed to refinance a loan?

The main documents for loan refinancing include:

• passport of a citizen of the Russian Federation;
• certificate of wages (2 -NDFL or according to the bank form);
• a copy of the work book certified by the employer;
• documents on the current loan - agreement and schedule for making monthly payments;
• certificate of debt balance;
• details for transferring funds to pay for an existing loan.

In some cases, additional documents may be required, For example, receipts for payment of an existing loan.

Stage 4. Review of the application

After the application and package of documents are submitted, the bank reviews them. Since refinancing is essentially taking out a new loan, the period for consideration in most cases does not differ from that established for other types of loans.

On average, it takes 5 -10 days . But taking into account the recent decline↓ average interest rate for loans, the number of requests for refinancing has increased sharply⇑. This may lead to longer processing times at popular banks.

Stage 5. Conclusion of an agreement

If, at the end of the review procedure, the bank makes a positive decision, the final and most important stage begins - conclusion of an agreement .

☝ Surely everyone knows, but it wouldn’t hurt to repeat it again - You should not sign an agreement without carefully studying it.

When reading the contract, first of all pay attention to the following parameters:

• interest rate;
• the total cost of the loan received;
• the procedure for applying and the amount of penalties;
• conditions for early repayment;
• Is it possible to change the terms of the loan agreement unilaterally?

When studying the contract, it is important to remain vigilant from beginning to end and carefully study absolutely all sections. If problems arise and either party goes to court, the decision will be made solely within the framework of the signed agreement.

Thus, Applying for loan refinancing is not as complicated a procedure as many people think. If you strictly follow the instructions presented, you will be able to avoid many difficulties and successfully refinance with another bank at a lower interest rate .

5. Where can you refinance loans from other banks - the best offers this year

Many people offer refinancing services. Russian banks. However, terms and conditions vary greatly from lender to lender. Choose best option possible by analyzing and comparing the conditions of several banks. Below we will consider the best banks that refinance personal loans. persons .

🏦 Which banks refinance loans for individuals - review of the TOP 3 banks

To simplify the task of choosing a lender, we provide a description 3 banks with the most favorable refinancing conditions.

1) VTB Bank of Moscow

VTB Bank of Moscow is part of the VTB financial group and is engaged in providing retail services. The basis of the department's work is service individuals.

In connection with the growing demand for on-lending, the bank developed an appropriate loan refinancing program . The use of this loan product at VTB Bank of Moscow allows you to reduce↓ the loan burden by reducing↓ the rate.

Under the refinancing program, the percentage here is set individually and can be in the range from 11% to 17% per annum . At the same time, special conditions are provided for workers in the field of medicine or education, government employees, as well as salary clients.

2) Interprombank

Interprombank is a Moscow financial organization that was founded in 1995 year. The presented bank is a universal company and offers its clients full list banking services.

Lending to individuals is of great importance in the bank. That is why serious attention was paid to the development of a refinancing program at a credit institution.

On-lending The bank allows customers to combine an unlimited number of loans. Important condition at the same time, the total amount for refinanced agreements must be no more than 1,000,000 rubles . The rate is set from 12% per annum , and there are no additional commissions or insurance.

You can submit an application for preliminary consideration under the refinancing program on the bank’s website. It also provides the opportunity to calculate the main parameters of the loan being issued.

3) Sovcombank

Today in Sovcombank a large number of credit programs. They allow you to get a loan in the amount from 5 000 before 30 000 000 rubles. The bet then begins from 12 % per annum.

At the time of writing, there is no special program for refinancing existing loans at Sovcombank. However, there is another interesting proposal for citizens who find themselves in a difficult situation, called "Credit Doctor" . This loan is designed to improve your credit history.

To make it easier to compare the described offers, we have combined the main conditions for them in the table below.

Table: “TOP 3 banks with the best conditions for on-lending to individuals”

*For current information on refinancing loans received from other banks, see the official websites of credit institutions.

6. What you need to consider before refinancing with another bank - 5 important points

Many people think that by choosing a bank and carefully studying the conditions for refinancing, refinancing ends. But experts We recommend not to rush into registration. To make refinancing as profitable as possible, you should once again pay attention to several important points.

Total overpayment

Information about interest rates is not clear to many people. Therefore, experts recommend first of all calculation of overpayment amounts in rubles. You don't need to have financial knowledge to do this. It is enough to use special calculator .

Today, there are many programs for performing calculations on the Internet. The essence of their action is approximately the same. It is enough to indicate amount, term And bet for the loan being processed to find out what the overpayment And monthly payment .

If the results of calculations between the bank and the calculator differ significantly, it is worth asking specialists what is causing this. Such actions help to understand whether any hidden fees.

Terms of accrual and amount of fines

When applying for a loan, borrowers are usually confident in their abilities and think that they will never have any delays. Unfortunately, no one is immune from financial difficulties or unforeseen situations.

‼ In order not to be shocked in case of unexpected delays, it is important to carefully study the section of the contract regarding fines, even before it was signed .

On the one side, Only penalties for violation are provided by law credit obligations. On the other side, there is a universal clause - unless otherwise provided by the contract.

Taking advantage of this fact, banks often additionally set fixed amount of fine . Moreover, some creditors for persistent defaulters increase ⇑ penalty amount with each missed payment.

To avoid having to overpay additionally, you should first of all fulfill your obligations in a timely manner and in full.

If a violation was nevertheless committed, you can try to return the fixed fine. To do this, you should submit a corresponding application directly to the bank. If the creditor refuses to recalculate, you must go to the Rospotrebnadzor .

Interest rate

Most borrowers, when choosing a refinancing program, first of all pay attention to the offered rate. We have already explained why this characteristic is not entirely indicative. However, for an initial comparison, the interest rate is quite suitable.

Today in the market, rates for refinancing programs differ significantly in different banks– they vary from 9 to 23% per annum . But it should be understood that a loan at a lower interest rate is not always the most profitable.

When making comparisons, it is important to use not only the annual, but also effective interest rate . It is this indicator that allows us to calculate full cost loan for refinancing and correctly assess the profitability of the program.

Effective interest rate represents the real cost of the loan, which takes into account all commissions and payments applicable under the agreement.

Many banks lure clients with supposedly profitable offers. Only with a detailed study of the effective interest rate does it become clear whether a particular program is truly beneficial.

Availability and amount of additional commissions

When choosing a refinancing program, you should also pay attention to the presence in the agreement of information about various additional commissions . Most often, such payments mean loan processing fee, opening And maintaining a credit account, consideration of the application and others.

It is important to understand that such commissions are prohibited . Moreover, serious judicial practice has already accumulated on this issue. However, some banks still mislead borrowers.

Basically, clients have every right disagree with certain clauses of the contract relating, for example, to illegal commissions. However, in this case, there is a high risk that refinancing will be refused or the loan will be issued at a higher rate.

☝ Experts recommend those who are faced with a requirement to pay various commissions must sign an agreement on the creditor’s terms. When the deal is concluded and the money is received, you need to write to the bank claim . In such a document, it is necessary to set out the facts of violation of the law and make a demand for the return of funds that were used to pay for the services imposed by the creditor.

It is important to remember that loan servicing is not a service that clients need. On the contrary, it is the responsibility of the creditor. Practice shows that upon receiving a claim, banks usually return funds without problems. Lenders do not want to take the matter to court, since they know well that in this matter the law is on the borrower’s side.

Possibility and conditions of early repayment

It’s not just loan refinancing that helps reduce overpayments. Of great importance in any loan agreement is the ability to make complete or partial early repayment .

🔔 When studying the contract, it is important to pay attention to the algorithm for early repayment.

All conditions for the implementation of the procedure in question must be clearly stated in the agreement. This concerns, first of all, how many days in advance and with what document the borrower must notify the bank of his intention to make repayment.

It should be remembered that the lender does not have the right to impose penalties and fees for early repayment. However, in some cases, temporary restrictions may be provided - a moratorium for several months.

If you take into account all the points described above, the refinancing procedure will be the most profitable.

Refinancing denied: main reasons

7. Why banks may refuse to refinance a loan - 3 main reasons for refusal

Experts warn those who have decided to refinance loans: in this area the probability of failure is quite high . Banks usually do not notify borrowers why they are making a particular decision. However, there are several main points that most often lead to refusal.

⛔ Reason 1. There are arrears on any loans

No lender wants to deal with unreliable clients. That is why, if you apply for refinancing if there are existing arrears, your application will be rejected.

If a borrower who has missed payment deadlines still wants to refinance, he will first have to pay off all outstanding payments. After this, for several months ( usually no less 3 -X) Payment should be made on time. This approach helps increase chance of approval of the submitted application .

By the way, the likelihood of approval increases if the borrower provides the bank additional security . It could be liquid property as collateral or solvent co-borrowers or guarantors.

Another way to resolve an issue in a difficult situation is to seek help from credit brokers . At the same time, it is important to carefully choose a partner company so as not to fall for scammers.

⛔ Reason 2. Damaged credit history

Most banks in mandatory When considering the possibility of executing a refinancing agreement, pay attention to the reputation of the borrower.

At its core credit history represents information about how an individual fulfills his/her loan obligations.

It accumulates in BKI (Credit Bureau). The storage period for this information is 15 years.

To quickly find which of the many BKIs is located financial history borrower, you need to know your . We described in detail how to recognize it in the previous article.

With the consent of the potential borrower who submitted the loan application, the bank has the right to request information from the BKI. Having studied them, the lender makes a decision to issue funds or refuse ( both for a traditional loan and for refinancing).

It is quite natural that if there is negative information in the BKI, the bank will most likely make a negative decision on the submitted application. To avoid this, experts recommend that borrowers find out what information is contained in their credit history, in advance.

You can obtain credit history information using several methods:

1. contact the bank with a corresponding request;
2. independently send a request to the Credit History Bureau;
3. request relevant information on the website of the Central Bank of Russia;
4. use the services of a specialized website.

⛔ Reason 3. The term of the refinanced loan is too short

It takes a certain amount of time for the bank to be convinced of the client’s responsibility and solvency. That is why, when considering an application for refinancing, lenders enter restrictions regarding the term of the loan being refinanced.

In most cases, you will have to pay it on time at least 3 months . Some banks require even more minimum term – from six months .

Knowing the main reasons for refusal to refinance, borrowers can independently decide whether it is advisable for them to apply at the current time.

8. Frequently asked questions (FAQ) on refinancing

The growing popularity of loan refinancing has led to many borrowers having questions about the specifics of this procedure. So you don't waste time searching additional information, we answer the most popular ones.

Question 1. Is it possible to refinance a loan without a certificate of income (without proof of income)?

The list of documents for refinancing a loan issued by another credit institution contains in most banks income certificate . At the discretion of the lender, it can be drawn up in the traditional form - 2 -NDFL, so according to bank form.

However, some banks offer individuals to refinance without verifying their income.

It's important to keep in mind what in this case conditions may be less favorable. This primarily concerns a higher interest rate.

Moreover, you won’t be able to refinance a loan without informing the bank of your income at all. The application for refinancing must include information about the amount of income, as well as the employer and position held. Although there is no need to document this information, it is used when considering the application.

Question 2: What is home equity loan refinancing?

Refinancing secured by real estate is essentially a regular refinancing, subject to the participation of collateral in the transaction.

This scheme can be used to remove from encumbrance an object purchased with a mortgage and replace it with another. This may be needed when collateral real estate needs to be sold.

Refinancing secured by real estate

Refinancing against real estate has the following advantages:

• allows the borrower to count on a much larger loan amount. You can combine several consumer loans comparable in size to a mortgage;
• allows you to significantly increase the likelihood of your application being approved.

At the same time, it often does not matter to the bank where the funds received will be sent - to repay current loans or for other purposes. The collateral acts as a kind of guarantor. If the borrower refuses to pay, the bank will sell the property received as security and return its money.

P.S. In one of the articles in our magazine you can read an article about how to do this without proof of income.

Question 3. Is it possible to refinance a loan with arrears (overdue debt)?

📣 Experts warn: receive a positive decision on an application for refinancing if there is overdue debt almost impossible . This is due to the high risk of lending to such borrowers.

However, in some cases bank where the overdue loan was issued, goes to meet the borrower. If in product line The lender has a refinancing offer, he may agree to provide it to his client. But you should be prepared for the fact that the bank may require additional collateral - guarantor or pledge .

In fact, refinancing is not primarily intended to solve problems with overdue debt, but to improve payment terms. If you have nothing to pay the loan, you should pay attention to other possibilities - restructuring or declaration of bankruptcy .

Question 4. How to apply for loan refinancing?

You can complete and submit an application for refinancing, by contacting the bank office, where the procedure is planned to be performed, or, by visiting his website.

For preliminary consideration, it is enough to provide basic information:

• last name, first name and patronymic;
• passport details;
• registration and residence addresses;
• contact details - phone numbers;
• the requested loan amount.

In case of filing online applications for loan refinancing the solution obtained from it will be preliminary . That is, approval does not guarantee the execution of a loan agreement.

For further consideration it is necessary to submit to the bank Required documents. Only after their analysis will a decision be made final decision .

Question 5. How to calculate loan refinancing?

To make sure that refinancing will be truly profitable, it is important before signing the contract calculate the main parameters of the procedure. It is almost impossible to do this manually.

However, anyone can do the calculations in just a few minutes. To do this, it is enough to use any a specialized calculator .

Today their choice on the Internet is quite extensive. But the operating principle is almost the same: just enter the basic parameters of the loan in the fields - bet, size And term, to literally find out in a minute what the payment amounts and overpayment will be.

9. Conclusion + video on the topic

Recently, the popularity of refinancing in Russia has been continuously growing. Many citizens took out loans during the crisis at very high stakes. Today, against the backdrop of a reduction Central Bank key rate there is a decrease↓ in interest rates on loans.

In such a situation, it is quite natural for citizens to want to make the conditions for servicing their obligations more profitable. For this purpose you can use refinancing loans .

Refinancing helps not only reduce ↓ bet , but also reduce ↓ amount of payments And overpayment . The result is improved financial well-being.

In conclusion, watch a video about why the bank needs loan refinancing and what its benefits are:

That's all for us, but the team of the RichPro.ru website does not say goodbye to you!

Looking for data on which bank is more profitable to carry out reforms current loan? We have tried to collect up-to-date information on this issue, and we invite you to read it in our article.

Loan rates are constantly falling, which means that many borrowers are thinking about refinancing. For example, it happens that existing loan was taken under high percent or financial position the borrower's situation has deteriorated significantly. In any case, refinancing will help cope with a difficult situation.

Why refinance a loan?

• Rate reduction.
• Reduced monthly payment.
• Consolidation of many loans into one.
• Release of collateral.

Unfortunately, it is impossible to clearly answer the question about the profitability of one or another banking offer It is impossible for the reason that for each borrower it will consist in different aspects. Important for someone minimum bid, others need a large amount, and still others want to extend the credit period.

In fact, the most favorable conditions for any banking service will be in the bank where you receive your salary. It is for their payroll clients that financial organizations offer the best conditions, thereby seeking to attract and expand their base.

If you are a payroll client of a small company that does not offer such a service, then you should focus on the type of loan you have. Depending on the purpose of the loan, its conditions will vary.

Where is it profitable to refinance a consumer loan?

If we talk about consumer, product and car loans, then you can re-issue debt in the following companies:

1. — this organization offers government employees an amount from 50 thousand to 3 million rubles for a period of up to 84 months. The percentage ranges from 10.9% to 17.9% per year, without insurance + 2.7-4 percentage points. to the base rate. Without collateral, you can combine POS loans and cards;
2. Moscow Credit Bank offers its clients a large sum of up to 2 million rubles, which can be repaid over 15 years. In this case, the rate will start at 10.9%. An additional advantage is that there is no need to confirm income.
3. — offers for the purpose of on-lending an amount ranging from 90 thousand to 2 million rubles. The contract period is from 1 to 5 years, the percentage is 10.99% per year, but if you refuse personal insurance, then an increase of + 5 percentage points applies;
4. — in this company, the borrower can count on receiving a loan of up to 1.5 million rubles for 12-60 months. The interest rate varies from 10.99% to 19.99%, without compulsory insurance, consolidation of up to 5 debts is possible;
5. Rosselkhozbank - here you can get up to 1 million for a period of up to 60 months, the interest rate is at least 11% per annum. There are special programs for owners of private household plots;
6. Sberbank of Russia is ready to offer its clients a rate of 11.5%. At the same time, it will be possible to combine up to 5 different debts at once total amount no more than 3 million rubles. Maximum term return - up to 5 years. There is a product for re-registration of problem debt;
7. VTB 24 Bank has a similar program - up to 3 million are allocated for on-lending purposes. minimum percentage from 12.5% ​​per year, the contract can be concluded for a maximum of 7l..

You can use our advanced calculator with the ability to build a payment schedule and calculate early repayment on this page.

Where is it profitable to refinance a mortgage?

It is worth noting that now the most attractive terms for on-lending are housing loan are offered for families where a second or third child was born since January 1, 2018. If they previously took out a mortgage for primary market, then they can renew their contract at a subsidized rate of .

Which companies work under the Family Mortgage program with state support:

• DOM.RF,
• Globex,
• Primsotsbank,
• Russian Capital,
• Bank Finservice,
• Moscow Mortgage Agency,
• UniCredit Bank,
• Plus Bank,
• Moscow Industrial Bank.

If you need refinancing on a general basis, then it’s worth considering these suggestions:

1. - here you can get an amount from 500 thousand to 9.5 million rubles. The repayment period is from 1 to 25 years, the minimum interest rate is from 7.7% per annum,
2. Interprogressbank, Fora-Bank - refinance according to DOM.RF standards (former) at a rate of 8.25% per year. Allocated from 500,000 rubles, the period can be up to 25 years for return;
3. The rate varies from 8.5 to 9.5% per year. The minimum is 300 thousand, the maximum is 30 million rubles. Valid a long period return - up to 25 years;
4. - this company will be able to offer you a percentage of 8.7 to 9.45%. You can receive an amount ranging from 500 thousand to 30 million rubles, they must be returned within 30 years;
5. In Moscow Mortgage Agency you will also be able to refinance for up to 30 years, with the range of amounts ranging from 500,000 to 20,000,000 rubles. The initial rate will be 8.75%;
6. You can get a debt re-registration service secured by existing real estate. In this case, you will be offered from 1 million with a contract term of up to 30 years. In this case, the interest starts from 9.5% per annum.

What should you remember? You need to ask the employee in advance to calculate your final overpayment when transferring a mortgage to another bank, because In addition to the main costs of repaying the loan, you will have to incur additional costs for revaluation and insurance of your property.

It often happens that these costs turn out to be so high that they significantly reduce the attractiveness of refinancing. At the last terms of the contract, it is definitely not profitable to go to another bank, but at the beginning (after making at least 6 payments), you can find an option.

There are several reasons for refinancing. The client may suddenly lose his current job, or the company may go bankrupt (which, by the way, the borrower must notify the lender about). In this case, the obligations will become unbearable. Cash (accumulated and from other sources of income) may become insufficient for a normal standard of living and payment of the monthly premium.

You can contact the bank with a proposal to increase the term of the agreement. At the same time, the monthly burden will be significantly reduced. But refinancing programs are actually rarely used. The fact is that most financial organizations carry out “anti-crisis” projects. As part of the program, the client receives credit holidays or deferment of payment. In this case, the loan agreement is not terminated.

The duration of the preferential payment regime depends on the bank’s conditions, as well as supporting information provided by the client.

2 best offers for today

Reputable banks are distinguished by loyal interest rates, minimum requirements, and the possibility of remote servicing.

VTB Bank of Moscow

Valid special conditions refinancing for salary clients, employees of corporate clients, as well as workers in the education, healthcare, law enforcement and government sectors.

The annual rate is set individually depending on the category of the applicant. Combining several transactions is allowed.

The on-lending scheme offered by this financial institution will help you effectively reduce the rate and one-time payment by receiving additional funds for personal needs or combining several different agreements into one agreement. A new loan can be issued in the amount of up to 3 million rubles for a period of up to 5 years. The rate varies depending on the category of clients within 12.9-17%. The main groups of clients who are offered participation in the program:

• employees of enterprises participating in the salary project from VTB Bank of Moscow;
• employees of corporate clients who are parties to the agreement with the bank;
• persons employed in budgetary sphere go to the law enforcement agencies.

For getting better conditions lending, for example, to reduce the rate to 12.9%, ordinary clients are recommended to switch to receiving salaries through cards of this bank.

According to the terms of refinancing, new borrower has the right to early payment of debt. At the same time, he is given an international debit card as a gift without commission for the first year. Failure to repay the debt on time may result in a penalty being charged at the rate of 20% per annum for the period of delay. It is also possible to connect additional services:

• “Credit holidays” with a deferment of 2 payments according to the schedule;
• voluntary insurance according to three available tariff plans;
• one-time change of payment date.

Citizens of the Russian Federation aged 21-75 who have a current work experience of more than 3 months can count on debt refinancing. and do not participate in the personal bankruptcy process. For salary clients, it is enough to provide a passport, SNILS, information about existing debt on old loans. For other categories of clients, the package of documents will be broader. You will have to provide an additional certified copy of the work book and income document. Also, VTB Bank of Moscow will require that under refinanced agreements:

• The service lasted more than 6 months. on the date of application;
• there were no current delays or violations of deadlines for more than 30 days for the entire period of using the money.

Bank Pervomaisky

To refinance loans from third-party organizations, a loan is issued in the amount of 100 thousand to 1 million rubles for a period of up to 60 months. The base interest rate is 19%, but it can be reduced upon confirmation of the intended use of the loan:

1. For bona fide clients of the financial institution itself, up to 12.5%.
2. For persons receiving a salary or pension on a card or account at Pervomaisky Bank up to 14.5%.
3. For state employees and pensioners up to 16.5%.
4. For other categories of borrowers up to 17.5%.

An application for participation in the program from a financial institution can be submitted by a citizen of the Russian Federation aged 21-75 who is officially employed. You must also have official registration with residence in locality, where the bank's offices operate. Persons who submit a request for refinancing receive the following benefits:

• no restrictions on the number of debt agreements that must be covered with a new loan;
• funds are issued for early repayment of any consumer loans, both requiring collateral and without it, as well as mortgages, car loans, credit cards and overdrafts;
• the opportunity to reduce the monthly premium and the amount of total overpayment;
• provision, upon request, of an additional amount to cover needs not related to on-lending;
• issuing a gift for borrowers – a convenient debit card.

However, there is also a limitation - the loan amount cannot be more than 25% more than the refinanced debt. For example, if your debt is 300 thousand rubles, then you can count on an agreement with a set amount of no more than 375 thousand rubles. When submitting an application for 500 thousand rubles or more, the bank reserves the right to request a pledge of a car or real estate. In addition, the financial institution imposes the following requirements for loans repaid under the refinancing scheme:

• no debt that is currently overdue;
• loan activity for more than 6 months;
• the time remaining until full payment is made is over 6 months.

To receive a loan from the Pervomaisky Bank, along with the application, you must provide a passport, a document on income received, as well as a certificate of current debt for each covered loan. After paying off the initial debts, it is recommended to confirm this fact with a certificate.

Offers from other banks

Let's consider the most profitable offers for refinancing loans from the country's top banks.

Conditions for refinancing at Sberbank of Russia

In the largest bank Russian Federation There is an available refinancing program. The client can conclude a transaction on favorable terms:

1. The annual rate is from 15.9%.
2. The contract is valid for three months.
3. The loan amount depends on the territorial location of the bank division. For example, in Chelyabinsk region the client can receive up to one and a half million rubles.
4. Benefits have been developed for employees of budgetary institutions, as well as civil servants.
5. Consolidation of no more than five loans in third-party organizations is allowed. In addition to consumer loans, Sberbank of Russia also repays secured car loans.

According to the terms of the program, the client is not required to bring a certificate of income, as well as a certified copy of the work record book. The registration procedure is quite simplified. The client will need to contact the nearest bank branch. The employee will provide an application form.

The completed document with all additional papers must be submitted to the relevant credit department. The decision is made within two working days. The Bank reserves the right to extend the period for consideration of the application if the submitted information requires more thorough verification.

Features of refinancing for domestic clients

As a rule, bank clients who have overdue payments for three months end up receiving financial support from friends or relatives. Therefore, refinancing is often simply unprofitable for borrowers. The final overpayment increases significantly.

Sberbank of Russia has special conditions for participants in the salary project. For example, if the client likes the terms of the new contract, he can apply for refinancing. Lowering the rate allows the borrower to save up to three hundred thousand rubles.

If the client recently got a job new job, and now receives a salary from Sberbank of Russia, he needs to work in a new place for at least six months. If the applicant has not changed employer, you need to agree with the company’s accountant to transfer the salary to the bank.

The current legislation does not regulate the issue of service. The decision is often made by the manager, as well as Chief Accountant organizations. Unlike others financial structures, even if one client submits an application, Sberbank of Russia will create salary project. But you will need a formal agreement with the management of the company. Regular enrollment debit card does not give the client the right to take advantage of the discount.

If managers or business owners are against the transfer, the client can still receive a discount of 0.25 percent.

Rosbank

The institution reissues all types of debt (including mortgages, car loans, overdrafts and credit cards). In addition to repayment, the client can spend cash for personal needs. Borrowers with a positive credit history and no arrears on current obligations are eligible to participate in the program.

More than ten categories of clients have been developed. The annual rate, as well as the terms of the contract, are considered on an individual basis. Transaction processing is available in all Rosbank divisions.

VTB 24

The bank operates special program refinancing. Repayment of current debt is made at a reduced rate - only fifteen percent per annum. VTB 24 guarantees the approval of transactions to reliable payers. It is possible to combine up to six loan obligations. The bank also pays off credit card debt.

You can apply for a reduction in your monthly payment and reduce your total overpayment. But there is one limitation. The Bank does not refinance debt on loans issued from VTB Group partners.

VTB 24 offer.

Salary clients are served on special conditions. The annual rate has been reduced to 15.5%. For other clients, the bank fee has been increased by two points. The amount of the loan agreement ranges from one hundred thousand to one million rubles. For clients with a debt of less than five hundred thousand rubles, an application can be submitted on the official website.

Alfa Bank

Designed by credit product to repay previously issued obligations. The bank allocates funds only to close the contract for the purchase or construction of an apartment, as well as a share of real estate.

Conditions for consumer loans are limited. Refinancing is valid for clients with targeted loans for repairs. But in return, the bank will require the object of the agreement to be pledged.

Unlike standard refinancing programs, Alfa-Bank lends regardless of citizenship. At the time of execution of the transaction, the client must be over twenty years of age. You will need to pay off the debt in full by age 64.

Refinancing at the bank is available to employees, founders, co-founders, and individual entrepreneurs.

Rosselkhozbank

Clients who have taken out a consumer loan have the right to take advantage of refinancing. The maximum possible amount of repayment of obligations is one million rubles. But the funds should only be used to cover the principal debt.

The duration of the contract is set from thirty days to sixty months. The amount of bank interest depends on the loan period. If the client’s debt is reissued for up to two years, annual rate will be 18.5%. In other cases, the borrower needs to pay at least nineteen percent per annum.

As a guarantee, the bank will require the participation of additional parties. For an agreement up to three hundred thousand rubles, one guarantor will be required. More large sums agreed upon only after taking into account the total income of two or more guarantors.

Eastern Express Bank

One of the largest and actively developing banks in the country has developed profitable offers for retail business. Consumer loans are issued to individuals at a low rate - only fifteen percent per annum. The cash can be used to pay off the remaining outstanding debt or cover obligations during temporary financial difficulties.

The bank will require a minimum package of documents. Lending to citizens up to 76 years of age. Confirmation required official employment. The client must have been employed at his current place of employment for at least three months.

Renaissance Credit

The leading consumer lending bank provides loans, credit and payment cards, deposits and other types of products.

For existing clients there is profitable proposition. A loan is provided for any needs up to five hundred thousand rubles. In this case, the annual rate is set at 13.9%. The contract is concluded from one year to sixty months.

Tinkoff Bank

Offers cash loans up to fifteen million rubles. It is possible not to visit a bank representative office. Convenient remote maintenance is provided. Money is issued at the client’s request - in a single amount or in several tranches.

The funds can be used to pay off current debt. The client has the right to use the remaining portion at his own discretion. Proof of expenses will not be required.

Citibank

Offers profitable refinancing of debt from other financial institutions. Consolidated balance(combining several obligations) will help simplify the repayment of existing loans.

Citibank offers a profitable program for refinancing existing obligations.

As part of the program, you can receive money for favorable rate- fifteen percent per annum.

Bank "Revival"

Loan funds are allocated for any purpose. Proof of intended use is not required. To complete the transaction, you need to attract a guarantor (only an individual). The borrower can use the unused portion of the funds to purchase land plot, real estate, car and the like.

The loan is issued in full at a time after the conclusion of the agreement. The bank can also transfer the transaction amount to the details provided by the client.

Obligations must be repaid in equal monthly payments. Maximum size the transaction amounts to two million rubles.

BinBank

Provides refinancing on favorable terms. The first six months the interest rate will be 14.99%. During the subsequent contract period, the client must pay a fee 2 points below the current obligations. The effective annual rate is calculated from 16.5 to 24.5 percent.

For staff budget industry and salary clients, the maximum possible loan amount is one million rubles. New clients will be approved for up to five hundred thousand rubles.

Gazprombank

The offer is valid for customers with a consumer loan issued by another bank. The transaction will be agreed upon under an agreement valid for at least six months. The maximum period for concluding a contract is seven years. The loan is issued up to three and a half million rubles at 12.25% per annum.

RaiffeisenBank

Several programs have been developed for borrowers. Preferential conditions are provided salary clients bank, employees of partner companies, as well as Premium clients.

Within the Personal Loan program, the annual rate is calculated individually from 14.9 to 19.99%. The duration of the agreement is set to five years. Maximum amount the transaction amounts to one and a half million rubles. There will be no need for the participation of third parties, as well as registration of collateral.

Home Credit Bank

The terms of the contract depend on the category of the applicant. Existing clients have the opportunity to receive from ten to eight hundred and fifty thousand rubles. The application is reviewed within two hours. The maximum period for fulfilling obligations is seven years. The funds can be used to pay off current debt or spent on personal needs. The client must have a positive credit history.

Refinancing a bad loan provides a lot of opportunities for the borrower. But before you sign, carefully study all the conditions. If you are late, the bank may not only charge a fine, but also write off funds from open accounts.

Refinancing loans from other banks: the best offers

Refinancing of non-targeted loans is a fairly popular service of commercial banks, because it provides borrowers with the opportunity to reduce financial burden to the borrower's budget. In addition, banks are actively promoting a financial product because with it you can close several loans at once, plus get cash for consumer needs, and your monthly payments will be lower. But in fact, is refinancing a consumer loan profitable, and if so, which one? commercial Bank offers the best conditions.

About the service

The essence of this program is that the borrower takes new loan to pay off his existing obligations in another bank. That is, the bank that carries out on-lending allocates funds for a specific purpose - repaying loans. And the main advantage of the product is that the monthly payment on a refinancing loan is smaller due to an increase in the loan term and a lower interest rate.

Banks provide on-lending under certain conditions. For example, if you have several loans from different banks, then you can combine them into one and will pay only one bank. At the same time, the bank has a number of requirements both for the loan and for the borrower himself. In particular, the requirements may relate to the term of the refinanced loan, for example, the payer must have already repaid part of the debt at the time of refinancing.

Please note that most banks have a single requirement for all borrowers - the absence of overdue debt on current obligations.

Process of applying for a refinancing loan

As for the lending process itself, it is quite lengthy and troublesome. The process should begin with the preparation of documents. Insofar as the borrower is applying for a bank loan, he needs to prepare the maximum package of documents, including a certificate of income and a document confirming employment.

There is one more significant nuance: if the borrower refinances a consumer loan with collateral, the bank may require collateral for the refinancing loan. That is, the pledge and guarantee of individuals will again act as a guarantee for a new bank loan, and, accordingly, the relevant documents must again be prepared for the object of the pledge and the guarantors.

In general, the refinancing process will look like this: first, you select a bank that provides the service, then collect documents and submit an application. If the decision is positive, you will need to contact the lender in order to apply for early repayment of your loan; you will definitely need to find out the exact amount to repay the debt and interest; you will need this information to apply for a refinancing loan.

In the future, you will need to sign a loan agreement with another bank and pay off your existing debts. Here things can develop different ways or borrowed funds the new creditor will transfer it himself to pay off the debt, or the borrower himself will close the existing obligations after receiving the cash, and then provide a document confirming the intended use of the funds.

Important! If the funds allocated under the refinancing program were not used for their intended purpose, the new lender will increase the rate.

Profitable or not

If we talk about whether refinancing a consumer loan is profitable, the question is ambiguous. To be more precise, the benefit will depend on several factors:

• interest rate of the loan for refinancing and the total cost of the loan;
• loan term;
• the amount of the monthly payment;
• insurance conditions.

That is, when choosing an offer that is profitable for yourself, you must first of all pay attention to the interest rate that the bank offers as part of the consumer loan refinancing program. Among other things, it is worth considering that the interest rate does not determine the full cost of the loan, because the lender charges additional fee for their services, including opening and maintaining a credit account. Therefore, first of all, ask loan specialist, what is included in the full cost of the loan, and what annual interest will work in the end.

Next, you should pay attention to the loan terms, because the longer the loan term, the more you will overpay the bank. Before applying for a new loan, ask your loan specialist to draw up a preliminary payment schedule for you and compare the amount of overpayment on current obligations and on the refinancing loan. The fact is that refinancing is unlikely to be profitable if you overpay on it more than on your existing loans.

Equally important for the borrower will be the amount of the monthly payment. As a rule, if you use a loan to refinance, you must pay a smaller amount each month, otherwise it will not be practical to refinance. By the way, do not forget that all banks insistently offer to take out personal risk insurance from an accredited company or subsidiary. You can refuse insurance policy, but the bank may increase the annual interest. And if you agree, you will have to pay for the policy at a time for the entire loan period.

Advice for borrowers! If you repay a bank loan ahead of schedule through on-lending, you have the opportunity to return part of the insurance premium for the period during which you did not actually use the borrowed funds.

Program selection

Many commercial banks provide this service on different conditions. To understand which bank is more profitable for refinancing a loan, it is worth comparing several offers. Namely, to review offers, rates and requirements for borrowers.

Rosselkhozbank

Here you can refinance a consumer loan. Loans from other banks are subject to refinancing for a total amount of up to 750 thousand rubles without collateral and up to 1 million rubles with collateral or guarantee. The maximum period is up to 60 months. As for other conditions, the client has the opportunity to choose a debt repayment scheme: annuity or differentiated payments. At the time of submitting the application, the loan repayment period from another bank must be at least 1 year from the date of the first payment without delays.

As for interest on the loan, then minimum value 12.9%, which increases depending on the term of the contract and the category of the borrower. Employees can receive favorable conditions government agencies

. The base rate increases by 6 points if you refuse insurance.

VTB 24

The bank can refinance up to six loans opened in other financial institutions. The interest rate is from 13.5% per year for debt amounts above 600,000 rubles and from 14 to 17 percent for amounts less than 600 thousand rubles. The maximum loan size is up to 3 million rubles, term up to 60 months.

The nuance of the service is that with this program you can choose two options: reducing monthly payments by increasing the loan term, or reducing the total overpayment by reducing the contract term. In addition, you can borrow additional funds for personal needs.

The bank does not refinance loans from banks included in the VTB financial group.

Interkomerzbank Here, loan refinancing is carried out at following conditions

As you can see, different commercial banks offer similar refinancing conditions. That is, interest rates are not much different from ordinary consumer loans. The most profitable refinancing of a consumer loan will be if some of the conditions listed above are met. But in addition, the borrower can make refinancing even more profitable for himself:

1. Contact the bank where you are already repaying the loan; many lenders accommodate respectable borrowers and may continue another loan with a lower interest rate, or increase the term of the agreement to reduce the financial burden.
2. Before refinancing your loans, calculate the difference in payments and interest rates; perhaps there is no point in refinancing.
3. Carefully study the terms of refinancing; banks may include commissions and various types of payments in the cost of the loan, which makes refinancing unprofitable for the borrower.

Thus, to summarize, the refinancing service is not always profitable and expedient for the borrower. If you are already paying off a loan on favorable terms with an acceptable interest rate, then changing the loan is pointless. Refinancing will be truly profitable only if the rate on the existing loan exceeds 25% or more.