The life of a modern person is hard to imagine without borrowed money. Bank proposals for lending to the population give rise to huge demand: the very possibility of spontaneous acquisition cannot be not interesting. Almost everyone uses the “get it now - pay later” shopping model.
Looking optimistically into the future, the borrower seems to be on the shoulder long-term loan. But sometimes unforeseen circumstances arise, because of which it is not possible to pay off the debt. The solution to this problem is re-lending. VTB 24, like other banks, has a loan refinancing program. The article will consider in detail its conditions.
The essence of refinancing
Re-lending is the execution of a new loan in order to partially or fully repay liabilities to the bank (s). The organization tries to create the most comfortable conditions for repayment: the amount of the monthly payment, the loan term, and the installment date are changing. The client gets the opportunity to repay previous obligations without problems, avoiding penalties and without spoiling the credit history.
Is it so profitable? It all depends on the situation. For some categories of persons, on-lending to VTB 24 will reduce not only the monthly payment, but also the annual rate. It should also be understood that a decrease in installments will increase the term of the loan agreement. Overpayment on a refinanced loan will be higher.
Bank requirements
Not every borrower will be able to refinance. VTB 24 has some requirements for potential customers. Refinancing a loan will be available to the borrower if it meets the following conditions:
- Age from 21 to 70 years.
- Citizenship of the Russian Federation and local registration.
- The presence of stable earnings.
- Positive experience in repaying previous loans (no delinquency, penalties).
- Work experience in this position for at least 12 months.
- The presence of guarantors (co-borrowers).
- Availability of necessary documents.
Re-lending to VTB 24 is only possible if the lender is a third-party bank. In other words, the procedure is not feasible for debtors of VTB 24, Post Bank, Bank of Moscow and TransCreditBank.
Package of documents
If all conditions for refinancing are met, the applicant must provide the bank with the necessary papers. In general, you will need:
- Passport and its copy.
- Permanent registration in any region of the Russian Federation where there is a bank branch.
- Certificate 2-NDFL issued 30 days before applying to VTB 24.
- SNILS.
- A copy of the guarantor's passport and a statement on his behalf.
- Documents on property and ownership (in the case of refinancing a mortgage and car loan).
- A copy of the employment contract or work book (if the loan amount exceeds 500 thousand rubles).
- Loan agreement to be repaid.
An application form is enclosed with the package of documents, which can be filled in at a branch of VTB 24 Bank. Re-lending is carried out only after the organization’s employees examine the submitted papers and invite the client to conclude an agreement. VTB 24 salary clients have the opportunity to reissue a loan by providing a minimum amount of securities: passport, SNILS and loan documents.
Online refinancing application
You can fill out the questionnaire and send it for consideration to the bank manager using the Internet, without leaving your home or workplace. To do this, visit the official site of VTB 24 and select the appropriate line in the main menu. Having opened the application form for refinancing, you will need to indicate:
- Information on current debts: type of loan, term, interest rate, balance of the main debt, BIC of a financial institution and bank account details.
- Contacts for communication.
- Personal data.
- Place of work and seniority.
The completed questionnaire is sent for consideration, which usually takes place during the day. A bank employee will contact the applicant using the contact phone number and inform about the decision on the refinancing issue.
Refinancing Programs
VTB 24 on favorable terms proposes to solve the problem of excessive monthly payments on loans of various types. The Bank carries out refinancing under the programs of consumer, mortgage and car loans, as well as credit cards. The requirements for them are minimal:
- Debt in rubles.
- The loan agreement expires in at least 3 months.
- Lack of arrears and debt.
To use the service, you must provide an application and a package of documents to VTB 24. Re-lending is carried out with a fixed interest rate of 15%. There is no commission for transferring funds. The procedure is carried out in a short time: within 1-3 days after submitting the application. For salary clients, the contract can be concluded on the same day.
Refinancing a consumer loan or credit card
The bank guarantees 100% approval of consumer loans and credit card debt re-issuance programs. It is possible to combine in one agreement up to 9 loans issued by other financial institutions that are not part of the VTB 24 group. Re-crediting of a consumer loan or payments by plastic cards is possible with the principal amount from 100 thousand to 3 million rubles for a period of 6 months to 5 years . Fixed rate - 15%. Refinancing credit card debt or consumer loans is one of the simplest banking transactions with a high percentage of approval.
Mortgage refinancing
In VTB 24, you can reissue a loan for real estate. The chances of a positive response from the bank are slightly less than when refinancing consumer loans. Upon approval of the application, the operation is performed in two actions:
- Drawing up a new loan agreement on the security of property or purchase of housing.
- Repayment of obligations and transfer of real estate as collateral to VTB 24.
Re-lending is carried out for a loan amount from 500 thousand to 90 million rubles for a period of 5 to 50 years. The annual rate will be 12.95-17.4%. Its size depends on the type of loan program: a mortgage for the purchase of housing in the primary or secondary market, inappropriate loans secured by real estate. The service is provided to salary clients in a simplified manner using a minimum interest rate.
Car loan renewal
On-lending to VTB 24 is also possible for owners of cars purchased with borrowed funds. The requirements for applicants do not change, but the conditions for refinancing are somewhat different:
- Loan amount - from 30 thousand to 1 million rubles.
- The annual rate is from 13.95%.
- The contract is valid for up to 5 years.
At the same time, the car becomes collateralized property of the bank, which must be insured without fail under the CASCO program. Regardless of the re-lending program, loan repayments are made by annuity payments. The monthly amount of contributions remains constant throughout the entire period of the contract.
To reduce the debt burden allows re-lending. VTB 24 offers favorable refinancing conditions that will help not only to repay obligations without problems before the law on time, but also to increase the benefits of using borrowed funds.