How to apply for loan refinancing

With the help of refinancing at Sberbank, you can “collect” up to 5 loans into one. The bank offers individuals favorable conditions for refinancing debts issued both in other banks and in Sberbank itself.

Key terms

As a result of refinancing, the client will receive a lower monthly payment and a low interest rate. So, the rate for amounts:

• up to 500 thousand rubles will be 13.5%;
• over 500 thousand rubles – 12.5% ​​per annum.

For a new loan, the amount of borrowed funds can reach 3 million rubles at maturity 60 months.

The loan refinancing program for individuals will help solve several problems at once: reduce the size of the payment, receive an additional amount and increase the convenience of servicing, since you will have to pay off your debts once a month.

In this case, confirmation of loan repayment is not required. In addition, you don't need:

• provide collateral;
• attract guarantors;
• pay a commission for issuing credit funds.

Borrowers who have mortgage and consumer loans from other banks are given the opportunity to refinance under a separate program “Refinancing Mortgages and Other Loans.” As a result, the amount of debt will also be formalized in one agreement, and a mortgage or other housing will be used as collateral.

To take advantage of refinancing, you should contact the bank branch at your place of registration. If the borrower is served under a salary project, then documents can be submitted to any branch, regardless of the place of registration.

The bank's decision is valid for 30 days. The loan is issued in one amount. Credited funds are used non-cash to repay refinanced loans.

Who can refinance what debts?

Sberbank refinances both its loans and debts from other banks. The borrower can pay off almost any debt: cash loans, car loans, credit and overdraft cards from third-party lenders.

At the same time, consumer loans subject to refinancing must meet certain requirements:

• timely repayment over the past year;
• the loan was issued more than six months ago;
• 3 or more months before the end of the contract;
• There was no debt restructuring.

How to refinance: 4 steps

The sequence of steps if you need to refinance does not differ from the steps to apply for a regular loan. Therefore, having decided to get more favorable conditions, the borrower needs to take 4 simple steps.

1. Visit a bank branch or office for consultation.
2. Fill out the refinancing application form yourself or with the help of a manager. Provide the documents required by the bank (a sample application and a list of documents are given below).
3. After a positive decision, sign a loan agreement.
4. Receive the amount and close previous credit obligations.

Loan documents are reviewed within two days. If additional data is needed, the decision period may be extended.

What documents are needed

To take advantage of the Sberbank refinancing program, you must submit:

• application form;
• passport, with a registration mark at the place of residence;
• documents on previously received loans, including certificates or statements about the amount of debt;
• confirmation of income in the form required by the bank. If the amount is requested only for on-lending, then you do not need to provide documents on your financial condition.

The content of the questionnaire represents an application for refinancing. The form consists of 7 sheets and contains information about the borrower, his property and income, as well as data on loan obligations.

Sample application for loan refinancing at Sberbank (can be downloaded from the link):

1 2 3
4 5 6
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There is no online application for this product. But when contacting the office, a bank specialist can fill out the form independently according to the borrower.

After issuing a loan, Sberbank does not request certificates from other banks about debt closure. However, this does not mean that you can not pay off your debts. If Sberbank finds out that the loan funds were spent for other purposes, it has the right to demand full early repayment, and the borrower will not be in the best situation.

Pros and cons of the program

Refinancing has its positive and negative sides.

The advantages of the Sberbank program include:

• the interest rate is reduced, the result is a smaller monthly payment and an overpayment;
• a longer period of use of funds will also reduce payments;
• minimum period for making a decision;
• There are absolutely no commissions;
• convenience of repayment - paying for one loan instead of several.

Disadvantages include strict requirements for the absence of arrears in the last 12 months, as well as the inability to submit an application online on the bank’s website.

Alternatives: the best offers of 2018 for refinancing loans from other banks

As an alternative, the borrower should consider offers from other financial institutions:

• Rosselkhozbank: borrowers are provided with funds up to 1 million rubles, the rate is 18.5% per annum in rubles and 12% in foreign currency, for a period of no more than 5 years.
• RaiffeisenBank has its own offers similar to Sberbank: the opportunity to refinance 5 loans in the amount of up to 2 million rubles, at a rate of 11.99%. Additional funds may be available. Refinancing does not require the consent of the current lender.
• Alfa-Bank offers up to 7 years at a similar rate - 11.99%. The amount has been increased to 3 million rubles. You can also combine up to five loans and receive additional funds on your card, cash or account.
• VTB 24 has introduced slightly different conditions. It is possible to combine up to 6 loans, credit cards, with a standard term of six months to 5 years. However, the rate depends on the amount of refinancing. Up to 599 thousand rubles - 14-17% per annum, for amounts over 600 thousand - 13.5%.
• Gazprombank offered refinancing of only one loan for a seven-year period for clients of other banks. The amount that the borrower can receive reaches 3.5 million rubles. at a rate of 12.25 to 15.75% per annum. Its size depends on the length of the loan term, the availability of collateral, salary receipt from the bank, and insurance.
• Pochta Bank offers refinancing on general terms and separately for pensioners. The annual percentage depends on the amount of refinancing and ranges from 14.9 to 19.9%.

An analysis of banking services in the refinancing market shows that the most acceptable conditions are offered by Sberbank, RaiffeisenBank and Alfa-Bank. They provide the opportunity to combine up to 5 loans into one and a low interest rate.

Gazprombank offers a low interest rate and a long refinancing period, however, this opportunity can only be applied to one loan - combining five loans into one is not provided.

The VTB 24 offer will be of interest, first of all, to the bank’s salary clients. Pochta Bank may interest borrowers in quickly reviewing the application.

You can use a universal financial saving tool if you apply for loan refinancing. Bank loans have long and firmly become an integral part of our lives. Almost everyone uses them. Every year more and more new offers appear with reduced rates and convenient conditions for servicing debts. Refinancing (or refinancing) allows you to reduce the rate on existing debts, combine several obligations into one with more comfortable repayment conditions. How to do this and where to go - below.

In what cases should refinancing be used?

There may be several reasons for refinancing; as a rule, they complement each other in symbiosis:

• Availability of several loans from different banks, for different periods and not always with favorable interest rates;
• Long-term lending(mortgage, car loans, business), the interest rate on which has become unprofitable due to global economic changes in the state or changes in the total monthly income of the borrower;
• Difficult circumstances in life, which led to a failure in the loan repayment schedule and the need to urgently close it.

Let us dwell in more detail on each of the reasons and possibilities for refinancing existing obligations under it.

Where to start the refinancing procedure

Everyone, as a rule, has several credit products, this is a card, a consumer or trade loan, and a loan taken for specific purposes, each has its own. Times, the state of the economy and the level of income of the borrower change, and there is a completely justified desire to pay less and once a month. In this case, the debtor decides to refinance with another bank. The process algorithm is as follows:

♦ Applying to the bank(s) creditor(s) with a request to calculate the final payment amount due on a certain date. At the same time, it is necessary to clarify the conditions for early repayment, since many financial institutions apply penalties in this case;

♦ Contacting a bank to apply for loan refinancing (usually this is your main bank, i.e. the one where you receive a salary and have a good financial and credit history);

If your bank’s response is positive, you will only be required to submit an application according to the standard of a financial institution; then banks usually take care of the entire re-registration procedure and the documentary part.

Submission details

The second option for the reason for applying for a new loan is in many ways similar to the first, but it has its own nuances and pitfalls that must be taken into account when starting the refinancing procedure.

When calculating the profitability of the interest rate in a new bank, be sure to take into account such factors as:

• Penalties for early loan repayment;
• If this is a long-term loan secured by property (a car), keep in mind that while the collateral is being transferred to the refinancing bank, you will pay a high interest rate. Because during re-issuance the loan is not backed up by anything.

Taking these nuances into account, before submitting an application to a lender, you should carefully reconsider the economic benefit and feasibility. In most cases, with the right approach, filing an application online will save money and gain time.

How does refinancing work?

The refinancing procedure itself is a process similar to obtaining a loan, in other words, you will be required to confirm solvency, total income, collateral; at the request of the banking institution, the presence of guarantors may also be required.

With the development of the banking sector, electronic platforms and the information field, it has become possible to coordinate on-lending without leaving home, with a computer connected to the Internet and a mobile phone at hand. However, to obtain a positive result, a visit to the bank will be required. The issuance of a new loan to close existing ones is provided mainly by banks that have a stable financial status and, as a rule, have a state share of capital to one degree or another.

Which bank should I apply for loan refinancing?

A prominent representative of reliable and stable financial institutions where it is possible to issue on-lending on terms favorable to the Client is VTB Bank of Moscow. Registration here is possible in all of the above cases, while having the guarantee that the interest rate provided by the bank is the most favorable in the banking services market.

Basic requirements for the client:

1. Citizen of the Russian Federation (residing in the territory where the lender operates, for example, in Moscow).
2. Age from 21 years.
3. Work experience of at least 3 months at the last place of employment.
4. You are not subject to bankruptcy proceedings.

The initial loan can be in euros, dollars, Russian rubles. At the same time, all types of obligations can be refinanced at VTB Moscow - mortgages, credit cards, car and consumer loans.

It is important not to have overdue debt for more than 30 days during the entire period of servicing the obligation that you want to refinance.

Depending on whether you are a client of VTB Moscow (you have a salary card) or are applying for services for the first time, the bank has set different documentary requirements. To apply for loan refinancing, the following documents are required.

There is no need to contact the financial institution yourself. You currently have the option to submit your application online. If you meet the bank's criteria, you can calculate the benefit of getting a new loan on the bank's website. Then leave a request and wait for preliminary confirmation via SMS. Next, you need to prepare the specified documents and contact the bank office. The verification takes 1-3 days. If the answer is positive, a loan agreement is concluded with you, and the loan refinancing comes into force.

What are the benefits for the client if he decides to apply to VTB Bank of Moscow

Submitting an application will allow the borrower to:

1. Reduce interest rate to 13.9%
2. Change payment date
3. Extend the loan term to 5 years
4. Get a “credit holiday”, which will allow you not to repay the loan without penalties
5. Combine all loans into one for an amount of up to 3,000,000 rubles.

Do not aggravate your financial situation; seek help from credit institutions in a timely manner. If you are thinking about reducing your credit load because you are tired of paying exorbitant interest rates on inopportune days, refinancing will help solve this issue. *Apply for refinancing online at VTB Moscow.

Video on the topic: Refinancing in simple words

Do you want to know how to submit an online application for loan refinancing at Sberbank? This article will help you understand the terms of the refinancing service, as well as decide on the necessary program

Description of service

If you have debts in several companies, then they can be combined into one, but no more than 5 different debts (for trade, consumer or car loans, you can also reissue credit card debt). At the same time, you can reissue debt both from Sberbank and from third-party financial organizations.

Please note that only those clients with a positive credit history will be able to use this service. If you have previously or currently have unclosed loans, delays and fines in CI, then access to refinancing will be denied to you.

You will be offered two types of refinancing:

1. Consumer loan refinancing. Carried out at a fixed 13.5% per annum. The client will be able to receive an amount from 30 thousand to 3 million rubles, but not more than the amount of the balance of your principal debt. The contract period is from 3 to 60 months. Important note - your loan must be valid for at least 6 months;
2. Refinancing. In other words, you can reissue an existing mortgage, mortgage + consumer loan, and also receive cash in excess of the amount of debt for personal purposes. No fees, no consent from the original lender required. You can consolidate (merge) up to 5 different debts both from Sberbank itself and from third-party organizations. The collateral can be an apartment, a house, a townhouse, a country house with a plot of land, a room, or part of an apartment. It is important that if there is an encumbrance, it will be removed upon repayment of the original contract, after which the collateral will be transferred to Sberbank. You will be provided with an amount of no less than 1 million rubles and no more than 7 million (up to a maximum of 80% of the assessed value of the property) for a period of up to 30 years. The following interest rates apply from 9.5%, surcharges are possible:

There are a number of requirements for borrowers:

• age from 21 years, you need to pay off the loan before 65 years of age (if there is collateral in the form of housing - up to 85 years at the time of repayment of the debt);
• having at least 6 months of work experience in your last position;
• Fixed salary;
• no credit load;
• it is possible to attract co-borrowers;
• availability of officially confirmed income certificate 2-NDFL.

What documents will be required:

1. Passport of a citizen of the Russian Federation - for the main borrower and co-borrowers/guarantors, if any,
2. If there is no mark indicating the presence of permanent registration, a document confirming the presence of temporary registration,
3. A copy of the employment contract,
4. A valid loan agreement
5. Certificate from the original loan about the amount of current debt,
6. If a pledge is provided in the form of a real estate property, a separate package of papers must also be provided for it, but after the application is approved (within 90 days).

How to get a?

But as for re-issuing a mortgage, there is a form for sending an online application from the bank’s official website. To do this, do the following:

• Go to the section: Private clients - Loans - Refinancing of mortgages and other loans,
• Please read the proposed terms and conditions carefully.
• If you are satisfied with them, click on the “Submit Application” button
• You will automatically be redirected to the bank's subsidiary website Dom.click,
• Fill in all empty fields and make a preliminary calculation,
• Submit your application for review.

All questions should be asked directly in the office or by phone at 8-800-555-55-50.

Refinancing is a program under which a borrower can change the terms of a primary loan to more favorable ones by applying for a loan to repay an old loan from a new bank.

Features of refinancing are: low interest rate and extended loan payment period. Before refinancing a loan, you need to collect a package of documents and write the application correctly. The nuances of writing an application are presented in the material below.

Conditions for applying for loan refinancing

To refinance a loan from a bank, you must meet the requirements. In most banking organizations, the borrower must:

• Be over 21 years of age. Some banks raise the bar to 23 years;
• Have official employment;
• Have a regular monthly income;
• Be a citizen of the Russian Federation;
• Have permanent or temporary registration.

A banking institution that provides services for processing refinancing (on-lending from another lender) and loan restructuring (changing the terms of the agreement in the same bank) is:

• Sberbank;
• Gazprombank;
• Rosselkhozbank;
• BinBank;
• Alfa Bank and others.

It is necessary to obtain approval for loan refinancing both from the bank where the primary loan was previously issued and from a third-party banking institution. First, you need to study the agreement, since if it indicates the impossibility of early repayment of the loan, it will be impossible to reissue the loan. If this clause contains an agreement, you must choose a bank with favorable terms for refinancing the loan. (List of offers)

Required documents

In order for the application to be approved by the new creditor, it is necessary not only to complete it correctly, but also to provide a complete package of documents and meet the requirements.

• Borrower's passport;
• Certificate in form 2-NDFL;
• To confirm employment and regular earnings: a copy of the work book or a copy
• employment contract;
• Credit agreement;
• No late payments for the last six months;
• Statement of the balance of debt as of the current date;
• In some cases: an application for early repayment of the loan.

The purpose of refinancing is to obtain a new loan to pay off the debt on the old loan.

Refinancing at a bank implies: a reduction in loan payments, a favorable and relatively low interest rate.

Application for loan refinancing

To apply for an on-lending loan from a bank, you need to collect a package of documents and write an application according to the established template. Next you should expect a decision. The processing time for an application for loan refinancing takes several days.

You can apply for loan refinancing at a bank branch or online.

At the bank, potential clients will be given a form to fill out, but to submit an online application, you need to go to the official website and fill out the form. You can download a sample of a completed application form for loan refinancing at Sberbank

Sberbank sample

Sberbank provides assistance in solving financial problems such as refinancing a loan or a mortgage loan.

Sberbank provides the following conditions:

• Providing a loan only in rubles;
• Repayment period: from three months to five years;
• The minimum amount is 15,000 rubles;
• The maximum loan size is 3 million;
• No commission for the service;
• For clients of a salary or pension project, the interest rate will be from 14.9 to 19.9% ​​per annum;
• For individuals: 20.9% up to 12 months, 15.9% after a year.

Sberbank allows the combination of up to five loans from other banks. The main thing is to have a positive credit history and a suitable level of solvency.

A sample application for refinancing can be downloaded