Quite often, people who have issued a loan and can not pay it any notice the emergence of new, more profitable programs, interested in the question: where to get a loan to pay off other loans?In the category of interest this fall at the same time the owners of several credit loans executed at different times and on different needs.Optimization of the loan burden and unloading of the budget were made possible thanks to the unique banking service, known as refinancing.The proposal is based on the repayment of old debts by means of a new loan, which provides more favorable conditions for partnership.
What are the benefits of refinancing banks get?
Due to the fact that the number of people interested in the question of where to get a loan to pay off other loans rising, refinancing is available in a growing number of banks.
It offers not only the giants of the financial sector, such as the "Savings Bank", "VTB 24" or "Gazprombank", but their smaller counterparts.In the fight for customers involved even microfinance institutions.The activity of financial institutions associated with different factors.It:
- slowdown in lending to the retail market.
- credit deterioration of quality borrowers.
- increase in the number of defaults and late payments.
Attracting customers
Refinancing allows you to bring to the partnership customers who pay on time and in time, but previously issued little benefit credit.Refusing opportunity to turn someone else into a good customer does not want any one financial institution.For borrowers positive factor can be considered that when a financial institution becomes aware of the search for ways to refinance your loan is, it is itself trying to keep the customer offers to restructure debt.Customer design is available for debt repayment of the loan within the same bank.
New perspectives
bank refinancing loan to pay off other loans made available among the services of the bank in 2011, immediately after in the Civil Code was amended.The ability to refinance its debt cancellation complemented penalties for premature payment thereof.Enough for a few days to warn financial institution.This time is necessary to recalculate the debt in accordance with the law, which will take into account the type of payments: annuity or differentiated.
What gives refinance?
by refinancing bank customer is able to solve at the same time a number of important issues for themselves.If it is impossible to reduce the interest rate, which would allow to reduce the total amount of debt, there is a chance to change the size of monthly payments downward.Alternatively, instead of multiple loans to pay much more profitable one.Getting a loan to repay another is available with a parallel increase in the size of the loan.Additional funds are often very helpful.Demand for the service is formed due to the volatility of currencies, when the change of the course leads to the formation of overpayments.Replacement of one currency for another loan can be beneficial.
Banks are reluctant to partnership because it does not wish to replenish its arsenal of non-performing debts.The urgency of the issue and the services, where to get a loan to pay off other loans, to determine the change in interest rates of the Central Bank.A few years ago the real interest rate exceeds by 5-7 points.If we talk about mortgages, the overpayment at the end of the loan agreement will be essential.
When should refer to the on-lending?
Refinancing provides certain advantages not always, but only in strictly defined circumstances.Use of the service will be relevant in the following conditions:
- If you have a long-term loan program (5 years).
- difference between the primary and the new rate should be at least 2-3%.No commissions, fees, insurance and other additional cost is necessary.
- size of the debt is not less than 1 million rubles.Alternatively, the scrip debt should be less than 30% of the total debt.
- If on the date of the initial contract passed at least 6 months.
- Before the end of the credit agreement remains more than 6 months.
Before you consider where you can take a loan to pay off other loans, you need to remember the basic rule: the more time that has elapsed since the initial signing of the loan agreement, the greater must be the difference between the rates.
What banks offer the most favorable refinancing conditions, or where to take a loan to pay off other loans?
Service refinancing loans are very common in the banking sector.Among the huge number of proposals should pay attention to the program the following financial institutions:
- «RosEvroBank."Carries out refinance loans, prior to the expiry of which there are more than 3 months.Date of registration of the loan should not be older than 9 months.For loans with collateral, the Bank offers a rate of 17% for up to 5 years.The maximum allowable amount of the loan is equal to one and a half million.Consideration of the application shall be made within two days.Customers who have a positive credit history of at least 2 years, the rate on the loan used to repay another loan will be reduced by one point, but subject to the provision of collateral.
- «SibRegionKreit."Offers refinance loans, designed for at least 8 months ago at time of application.The agreement on the loan shall end no earlier than 90 days.Interest rates can vary from 16 to 18%, depending on the conditions of partnership.The amount of the loan can range from 90 thousand to 1.5 million rubles.The duration of the partnership may be from 1 to 5. proof of income are required.Consideration of the application is carried out no longer than 5 days, and a positive decision is valid for 1 month.
favorable offer from "Sberbank»
studying the question of how and where to get a loan to pay off another loan, you need to carefully study the proposal of the largest financial institutions - Sberbank.As part of the bank offers two formats of partnership.This provision of funds for repayment of loans, drawn up in another bank for the purchase or construction of housing in Russia.Term Loan may be 30 years.The interest rate on the loan, depending on the conditions of the partnership is between 15.25% and above.Sberbank offers specific programs to repay not only mortgages but also consumer loans to other banks.Refinancing can cover at least 5 other loans.The term, which may be provided by means of not more than 5 years.The rate of 18.5% and above.
How to choose a bank to refinance?
studying the question of how to take out a loan to repay the loan with another bank, you need to pay attention to their own benefit.Before you enter into a cooperation agreement, it is necessary to check whether the financial institution to provide one or more conditions:
- increase or reduction of the period of credit.
- reducing monthly payment.
- Availability Program, under which the first can pay only the interest on the loan, and then proceed to the repayment of the principal debt.
- substitution of one currency for another loan.
- availability upon provision of collateral on the loan to obtain more favorable terms of partnership or in such a way to increase the amount of the deposit.
What to look for?
know which bank gives a loan to pay off other loans, you need to soberly assess their ability to pay, to choose the most favorable credit scheme.Prerequisite partnership with the Bank under the scheme - is a permanent source of income, in particular, work in the same place for at least 3-6 months.The term will depend on the amount of the loan.If a bank customer has a low income, it must provide a co-signer with a good income, but not less than that of the client.
figure out where you can take a loan to pay off other loans, advance should prepare a package of documents, which practically does not differ from that which was necessary for the registration of the primary loan.Job banks in this direction is underway with problem customers, but on the more stringent conditions.
