An increasing number of people in Russia usecredits. This can be consumer loans, credit cards, car loans and mortgages. On the one hand, it is an excellent help in order to buy a thing and start using it. On the other hand, interest rates on loans are quite high. Therefore, by the end of payments, the purchase price is about three times higher.
Life is such that sometimes there are situations,which do not depend on a person. Due to events, he loses the opportunity to repay the loan in good faith. What can we do not to lose not only our good name, but also our hard-earned property? In this case, refinancing loans from other banks can help. The number of organizations that offer services for on-lending is becoming larger.
Some banks offer refinancingloans from other banks. Not all citizens know what it is and how it can help them in this situation. After all, experts are already sounding the alarm: the population of Russia is over-credited. For every second family, the monthly payments are much higher than the incomes. In this regard, there are numerous delinquencies in loans.
Refinancing a loan is getting a loanin another bank on more optimal conditions, which provide the possibility of payments. In other words, it is on-lending to repay an existing debt to another institution. In this case, often a person takes a loan at a lower interest, which significantly reduces the monthly payment for it. Or the term of payments increases. It is also convenient if there are several loans in different banks. Thus, they are united into one.
This is the best way for those in theforce of circumstances can not pay the existing debt in the previous amount. Refinancing is pleased to take advantage of bona fide borrowers, for whom reputation is important.
To date, some borrowers haveevaluate the merits of refinancing. After all, people are given the opportunity to repay the old loan with a new one, which is concluded in the light of his requests. This includes refinancing mortgage loans of other banks. In this case, what are the positive aspects?
1. There is a choice of an institution that offers this service in the financial market. It can be not only a banking institution that issued a loan earlier, but also any other.
2. There is a chance to conclude a contract with a low interest rate on the loan.
3. The size of the monthly payment decreases due to the extension of the term of the contract.
4. You can get an amount sufficient to pay off the existing debt, against the security of any property.
5. There is an opportunity to combine smaller loans of different banks into one. At the same time, it saves time to repay all loans.
An increasing number of institutions are ready to offerits assistance in refinancing loans. The growing popularity of this service is due to the fact that people are looking for the most optimal conditions, and banks, in turn, offer their products to attract customers. In addition, the economic situation in the country affected the active growth, as the number of delinquencies in loans in various banks increased sharply.
In most cases, for the processOn-lending does not require the collection of all certificates and documents. However, there are some subtleties here. What should a borrower do to receive refinancing of consumer loans from other banks?
Of course, on an equal basis with the merits of any credit product has its shortcomings, which must be known to customers. After all, in any case it is necessary to take decisions thoughtfully and carefully.
Disadvantages:
Assistance in refinancing loans re-acquirespopularity and covers not only consumer loans, but also credit cards, and mortgages. In this case, according to experts, long-term loans can be refinanced several times.
To provide the service, it is necessary that the termthe credit was at least six months old. It is also desirable that during this time there is no delay on it. The greatest attraction for on-lending is a mortgage, which makes it possible to obtain income for a long time. Also no less interesting is a car loan.
Credit cards are beneficial for the borrower, sinceafter refinancing, the monthly payment is fixed. The card is then locked or closed. That is, by closing the credit card with the help of refinancing, the borrower loses the right to use the limit. Some banks can provide refinancing loans with delinquencies. True, they should not be long.
Do not confuse VTB24 with VTB Bank.Refinancing of the loan is provided in the first bank. For registration it is necessary to provide a minimum package of documents. We only need a passport and all the documentation for the loan: a contract, a payment schedule, a certificate of the balance. For credit cards, you must provide a statement of the amount of the loan balance.
The term of the loan agreement is notless than six months. In this case, delay is not welcome. It is worth noting that you can also apply by phone. The Bank provides an opportunity to consolidate several loans from different institutions into one. This in the future will save time for a trip to the banks. In addition, the size of the monthly payment is significantly reduced.
The maximum amount of the balance on loans should not exceed 750 thousand rubles. The term of on-lending is from six months to five years. The interest rate is considered for each client individually.
More and more people pay attention torefinancing loans of other banks. Sberbank offers more favorable terms for this product. Previously, the institution was engaged in on-lending only mortgages and construction. Now the product line has expanded, all major loans used by the population have been included. The minimum amount of debt is not less than 45 thousand rubles.
When drawing up a borrower, it is necessary to providea certificate from the bank about the amount of the balance of the debt. In addition, in this reference must be specified bank details, rate, term of the contract. Also not superfluous are inquiries about incomes from work place, passport.
The maximum amount of debt - no more than 1million rubles. The loan term is the same as the one in VTB24. However, the rate is much lower. It is worth noting that the existing deposit in Sberbank will not play a role in reducing the rate. Benefits will be granted only to the owners of salary cards. The client's age is 21-65 years. After approval, the entire amount is transferred to the account of the loan agreement.
Alfa-Bank mainly takes only large loans,such as a mortgage. They are more profitable. It is worth remembering that the refinancing of the loan of other banks, when half the time has already passed, is unprofitable for the borrower. After all, the bulk of interest is charged precisely at the beginning of the term. The second half is used to repay the principal debt.
In this bank, the rate is the lowest.That is, it is at an average level in relation to mortgage lending. Refinancing of own loans by the bank can not be called full-fledged on-lending. Against the backdrop of current events, this service should be viewed as a restructuring. But the borrower must confirm that the amount of his income has declined.
For those who have delinquencies, it should be noted thatRefinancing of overdue loans from other banks requires that a full package of documents be submitted in order to confirm its payment capacity. Without this, no bank will agree to take the borrower's debt.
On-lending is advantageous in cases whereit is necessary to withdraw property from the mortgage. That is, it is actively used to close the loan, where the property is secured. When lending is not required. Therefore, the collateral becomes the property of the borrower.
Refinancing loans from other banks is beneficialnot only for the population, but also for financial institutions that have begun to actively lure customers from competitors. All this is due to the revocation of banking licenses. Each of them tries to remain on the market thanks to profitable customers with loans. In this case, preference is given to borrowers with large loans.
Everyone answers this question himself.If the borrower is sure that the interest on the loan, to put it mildly, "draconian", or the size of the monthly payment has not been able to withstand life's circumstances, it is worth looking at the proposals of other banks.
However, the client must have a good credithistory that can recommend him as a responsible payer. It is important to remember that the monthly payment should not exceed half of all borrower's income. The presence of dependents should also be taken into account. Employees of the bank will calculate the monthly payment in such a way that the normal life of the client is not affected.
Modern Internet resources enableindependently calculate all the costs and choose a loan, which will be on hand. In many cases, the size of the monthly payment is significantly reduced when the contract period is reviewed.
Many took advantage of the proposal"Refinancing of a loan". The testimonials of the banks' clients speak about advantageous terms. Many borrowers got a chance to breathe more freely after the force majeure situations in life. In particular, this concerns the reduction of family income.
According to experts, refinancing is beneficialaffects the economy. The number of unprofitable loans that prevent people from living more freely is reduced. Thus, they are able to close the current loan with large rates and pay less.
