How to refinance a mortgage at VTB24

Refinancing is a form of debt restructuring. The essence of the operation is that the borrower is given a new loan in order to repay the old one. Refinancing a mortgage at VTB24 is one of the most effective ways to improve the terms of loan repayment. With its help, you can reduce the monthly loan payment and thus reduce the burden on your budget.

The interest in the refinancing operation on the part of banks is understandable - in this way they attract solvent clients. For example, if the borrower is not satisfied with the interest rate, the amount of the monthly payment, and another financial institution promises him to make the monthly repayment more comfortable, of course, the debtor will want to change the lender. As a result, one of the banks will lose interest income, while the other, on the contrary, will increase its profit.

Based on this, there are two types of debt refinancing:

within one bank;
in different banks.

The first option provides that, for example, VTB24 mortgage refinancing at VTB24 is taking place. That is, the client takes a loan secured by real estate in the same bank in which he previously took out a mortgage. This operation is easier for the client and the lender, because the parties already know each other.

However, it should be noted that at the moment there is no refinancing of loans among the banks of the VTB Group.

That is, between PJSC "VTB Bank", PJSC "VTB24", PJSC "Post Bank", PJSC "BM-Bank" loans for debt repayment are not issued.

The second option is that VTB24 refinances mortgages from other banks. Some difficulties here may arise because the new bank does not have complete information about the borrower, as well as the need to obtain consent from the current lender to fully repay the loan.

Note that 6 loans issued under any program can be refinanced at VTB24 at once:

consumer loans;
credit cards;
mortgage;
car loan.

Refinancing conditions are as follows:

The rate is 12.1% per annum. If there is no comprehensive insurance contract, the rate will be raised by 1%. You can also add another 0.5% if the borrower does not receive salary on the VTB24 card.
The minimum loan amount is 100,000 rubles, the maximum is 30,000,000 rubles. In addition, it is worth considering that the loan amount cannot exceed 80% of the price of real estate transferred to the mortgage (50% if the decision on lending is made according to two documents).
the term of the new agreement is up to 30 years.

If the borrower's income allows, he can take under a new loan agreement an amount greater than the balance of the debt that he is going to repay.

Who can claim

To be able to refinance a mortgage at VTB in 2017, you must meet the bank's requirements:

the borrower is a bona fide payer, that is, during the period of servicing the contract, he did not admit a single delay;
the debt, which is planned to be refinanced, arose more than 12 months ago;
over the past six months, not a single new loan agreement has been concluded;
lack of enforcement proceedings;
the debtor is not at the stage of bankruptcy;
until the end of the loan agreement must not be less than 3 months;
the borrower has a stable income in an amount sufficient to service the debt, while the work experience must be at least 1 year.

In addition, the borrower must have Russian citizenship and be registered in the region of presence of the bank's division. The borrower's age at the time of the final repayment of the mortgage must not exceed 75 years.

What you need to refinance a loan

In order for the refinancing application to be considered, the borrower must also submit a package of documents, which includes:

document confirming income for the last six months (certificate issued by the employer). According to the requirements of the bank, this paper is valid for 30 days from the date of issue;
a certificate indicating the balance of the loan debt and the quality of its service;
(if the borrower at the time of submission of documents is less than 27 years old).

If the borrower's salary is transferred to the VTB24 card, there is no need to document income - the bank has all the information.

In addition, VTB24 has a refinancing program under two documents. The first is definitely a passport, and the second could be:

military ID;
SNILS;

However, in this case, the maximum loan term is limited to 20 years.

How to do it

Refinancing a mortgage at VTB24 in 2017 can be done in the following ways:

personally bring the full package of documents to the bank branch;
submit an application using the hotline - 8 800 100 24 24. Bank managers will contact a potential client;

If the first two methods provide for the help of a loan manager, then the client will have to fill out an online application on his own. Therefore, it is better to consider this method of refinancing in more detail.

Online application

VTB24 provides an opportunity for its potential clients to get a refinancing decision without leaving home. To do this, you must fill out a special application, which is located at the link.

Personal information is entered in the appropriate fields: full name, date of birth, contact phone number, information about work, a valid loan is described, passport data is indicated. The adoption of a positive decision on debt refinancing depends on the correctness of filling. Therefore, when filling out, you need to be extremely careful.

About the procedure

Actually, the refinancing process is not as complicated as it might seem at first glance. The bank makes a decision on the basis of the submitted documents within 4-5 days. If it is positive, the loan manager contacts the borrower and agrees on the date of signing the agreement.

After the conclusion of the agreement, the new loan is transferred to the previous bank to repay the existing one. On the same day, the first lender must calculate the remaining interest on the mortgage. The borrower pays them in cash or non-cash, but at their own expense. After completing the calculations, the debtor needs to take a certificate stating that the debt has been fully repaid and the bank has no claims to the client.