Which banks are engaged in loan refinancing?
A lot of time has passed since the appearance and registration of the first loan, and now it is no longer a way to get money for your needs if absolutely necessary. A large number of loan offers led to an abundance of loans issued. Many Russians pay several at a time. This situation is not reliable from a financial point of view, because in the event of unforeseen circumstances, it will be hopelessly ruined. However, the situation can be remedied by refinancing the loan. Banks pool and reissue loans taken from other organizations at a lower interest rate.
Of course, not all banks provide this service and not every client. And some financial organizations offer conditions even less favorable than the borrower had before. The most profitable and convenient way is to arrange refinancing at the bank where the original loan (or several) was taken. In addition, there is no point in refinancing if the rate differs by 1-1.5%, since the borrower will not benefit from this.
List of banks that are engaged in loan refinancing
In fact, almost all banks are engaged in refinancing. Another thing is that the programs with which they work and the conditions for refinancing are very different.
- ... It can rightfully be called the main player in the refinancing market. Works with the main types of loans: consumer loans, mortgages, car loans. Refinancing conditions are determined individually, depending on which of the 10 categories of clients you belong to, so almost any borrower can choose a suitable program.
- ... A much simpler system - only 2 programs: mortgage (12.5%) and consumer loan (17%), but the annual rate will depend on various factors and is also determined individually for each applicant. It is not so easy to arrange refinancing at Sberbank - they take credit histories of potential customers very seriously and do not issue refinancing with delays and bad credit history.
- ... Offers refinancing only to employees of partner organizations, with the interest rate determined by the group to which the client belongs. There are three of them: A, B, C.
- ... Focused specifically on refinancing. The bank's specialists carefully develop these programs, making them as beneficial as possible for applicants. Unlike the previous organization, VTB does not refinance loans taken from any of the VTB Group banks. A person who wants to refinance a loan in this bank should not have arrears on payments in other banks, and the remaining time for payments should be more than 3 months.
This is not a complete list of banks that refinance loans. Only the most popular and largest ones. Since free cheese is only in a mousetrap, you need to understand that the bank still wants to benefit for itself, so it is recommended to carefully study the conditions of each program. Despite the fact that most banks require an ideal credit history, you can find offers for refinancing with a bad credit history, then on less favorable terms.