Which banks do consumer loan refinancing

Debt is always unpleasant, but the promises of credit institutions about the immediate receipt of the necessary amount to buy a dream rarely leave people indifferent. The client submits an application and then receives a long-awaited loan. However, even if the borrower is completely confident in his solvency, unforeseen circumstances can always arise. In such a situation, one has to look for a way to pay off the debt on the most acceptable and favorable terms. Once in a similar position, the first step is to find out which banks are refinancing a consumer loan.

Why do you need to refinance a loan

Many people take a variety of loans from banking institutions. Refinancing allows you to combine all debts on loans taken from different banks in one credit institution, while the amount of debt is redistributed on favorable terms for the client.

Naturally, this service is not provided to everyone. The bank puts forward a certain number of requirements that the client must meet. For example, a good credit history of the borrower is of particular importance. If the client paid off the debt with delays, then he will not be able to count on the redistribution of the loan. Also, important criteria for obtaining refinancing are the person's age, citizenship, work experience, and the currency in which the loan was taken.

There are several reasons why clients apply for refinancing:

For the sake of lowering the interest rate;
To slow down the process of paying off the remaining debt;
For the sake of convenience - all loan debts can be paid in one banking organization, without wasting time on trips to different institutions.

Credit institutions engaged in refinancing

Banking organizations that are engaged in on-lending offer clients a variety of programs. The borrower can submit documents to several institutions at the same time, thanks to which he has the opportunity to choose the most suitable offer for himself.

When choosing a bank, the client should definitely take into account the type of refinancing that suits him. For example, not all organizations consider mortgages. Most of them specialize in consumer loans, as this type of loans is more often than others.

So which banks do consumer loan refinancing? First of all, you should pay attention to:

Sberbank;
B&N Bank;
Alfa Bank;
Rosselkhozbank;
VTB 24.

Each of these organizations sets its own interest rate, determines the timing of payments, and also imposes certain requirements on the potential borrower.

Sberbank

It is especially easy to get refinancing at Sberbank if a person is already a client of the bank: his salary comes to the card of this credit institution, he has already paid or is still paying the loan to the institution.

An individual can apply for refinancing a loan from Sberbank if:

Client's age - from 21 years old and more (but not older than 75 years old);
The borrower is solvent (has a stable income every month);
The potential client has solvent guarantors (3 people);
The length of service of the borrower for the last 5 years must be equal to one year. At the same time, work experience at the current workplace is at least 6 months;
The amount of income is sufficient to pay off all debts.

These requirements are basic, but an employee of the institution can report additional conditions.

This bank does not reduce the amount of debt that must be repaid, but it does reduce the amount of payment per month.

The service is not provided:

Persons with informal income;
People whose wages are insufficient to pay off their monthly debt.

B&N Bank

When wondering which bank refinances a loan, you should pay attention to B&N Bank. For state employees, as well as citizens who are already clients of this organization, registration is carried out even for substantial loan amounts (up to a million). Clients who are just starting cooperation with B&N Bank can cover debts, the sum of which ranges from 100 thousand to 500 thousand rubles.

Basic conditions:

Getting a cash loan is possible only in rubles;
Loan terms - from 2 to 7 years;
In the first 3 months after receiving a loan, the interest rate is 13.3% per annum, after this period the rate increases - it can range from 15% to 24.5%;
The credit institution makes a decision on the issue of finance within three days. The validity period of such a decision is a month. If the client does not confirm his application within 15 days from the moment of a positive response from the bank, then the organization revises the terms of refinancing.
The client is not obliged to post a deposit, he does not have to look for guarantors;
You can pay off the debt every month. There is an opportunity to pay off the debt ahead of schedule.

Alfa Bank

There are many factors influencing Alfa-Bank's refinancing decision. The terms of the agreement in this organization are quite simple and similar to the conditions put forward by other credit institutions:

For citizens who receive a salary from a bank, the lowest interest rate is 11.25% per annum, for potential clients - 11.5%;
The largest amount of financial aid is 60 million rubles, the smallest is 600 thousand rubles.

The advantage of this bank: it can refinance both consumer loans and mortgages.

Rosselkhozbank

Many clients are interested in which banks refinance overdue loans. Rosselkhozbank is one of these banks. In this case, the delay in this case must be minimal. A good credit history is very important for an organization, and with a large delay it cannot be positive in any way.

Refinancing is processed according to the following scheme: the client submits an application, provides all the necessary papers, the bank considers the application within 3 days and reports the result.

The main requirements of the bank:

The currency in which the loan is issued is rubles;
The maximum loan amount is 750 thousand rubles, for people who receive wages on the Rosselkhozbank card - a million rubles;
The potential borrower must be solvent;
Loan terms - up to 5 years;
There is a possibility of both partial and full repayment of the debt;
The bank deals exclusively with consumer loans;
Insurance is required.

VTB 24

Refinancing is carried out on attractive terms if a potential client is registered in an area monitored by VTB 24. A person can personally come to the nearest branch of the bank and submit an application. It is also possible to use an online service.

Loan on-lending conditions:

Variable interest rate - 13.9-15%;
The largest loan amount is 3 million rubles, the smallest is 100 thousand rubles;
Loan terms - from 0.5 to 5 years;
The largest number of cards or credits that can be combined is 6;
Overpayments and monthly payments are minimized;
There is a possibility of obtaining an additional amount of money.

Having considered which banks offer refinancing of loans from other banks, we can conclude that many credit institutions in Russia are ready to meet their customers halfway. Relending is a widespread practice all over the world, so you shouldn't be wary of this service. However, in order not to be mistaken, you should initially carefully study the conditions of all organizations, and only then make a choice in favor of one of them.