In the article, we consider what the refinancing of loans of other banks at Tinkoff Bank implies. This is a very profitable service. According to the basic conditions, a person without special problems (subject to certain requirements) can pay off the debts of other banks in Tinkoff. Credit refinancing in this bank is just beginning to gain well-deserved popularity. At the same time, the conditions offered are quite acceptable (Tinkoff is considered one of the most loyal financial institutions in relation to its customers).
What is the refinancing of loans from other banks at Tinkoff Bank, who and how can use this service, what conditions will need to be met, and what important nuances should be known.
What is loan refinancing?
Refinancing or refinancing is the ability to repay a loan taken at another financial institution by obtaining another loan (both collateral type and consumer). In other words, credit refinancing acts as a process of “transferring” funds from one credit account to another.
For example, if an individual wants to refinance loans of other banks with Tinkoff Bank, the debt will be transferred to the Platinum card.
What do individuals need to know?
Tinkoff banking institution does not charge interest for using a current account if funds are sent from another financial institution. Thus, the institution does everything so that customers with the greatest comfort can repay the debts of other banks.
If this financial institution offers a lower interest rate than it was before, then you can save significantly, especially given the annual return. You can apply for refinancing at Tinkoff Bank online and at the following branches:
- VTB Bank;
- Sberbank;
- Russian Agricultural Bank;
- Alfa Bank.
The main plus of credit refinancing of other banks at Tinkoff is a significant significant reduction in the amount of interest on outstanding debts. In addition, all new customers are granted some privileges similar to those available to Tinkoff Bank's regular customers.
Refinancing of loans of other banks - conditions
The conditions for re-lending in this financial institution are as follows:
- the initial amount of money should be at least 300 thousand rubles;
- You can send money to a bank account either online or through numerous payment terminals;
- the grace period is 55 days;
- within 30 days, the customer must make a purchase at least once (using a card);
- to repay the loan, an interest rate of 6-8% is established;
- the interest rate per year is approximately 19.9-34.9%.
At Tinkoff Bank, an individual interest rate on loans can be set for each client. Its size is considered taking into account previous lending conditions, credit history and other important factors.
Features and Benefits
If a person decided to refinance a car, consumer, mortgage or other loan at Tinkoff Bank, then such a decision has the following benefits for him:
- a significant reduction in interest rates;
- an opportunity for individuals to apply for loan refinancing in the amount of up to 3 million rubles;
- if there is a surety with a decent income, then they can give even more money in the refinancing process - up to 5 million rubles;
- a loan is issued without conditions of property security;
- in the event that a mortgage loan is refinanced, this banking institution may reduce the interest rate to 9.5%;
- there is no additional waste of time for submitting documents - everything is done as quickly as possible;
- credit funds are sent to a plastic card.
If a citizen receives any payments from the state, participates in any bank programs or has certain privileges, they may be offered other, most favorable refinancing conditions.
However, all these benefits may disappear if the client delays the obligatory payment: the bank has prepared serious penalties for such cases. In this situation, it is recommended to think about such problems in advance, for example, by insuring a loan. How is the payment of another bank loan at Tinkoff bank?
Refinancing Details
After the client draws up a card from Tinkoff Bank, he needs to call the support service of this institution and indicate that he wants to refinance the loan received at another bank. In this case, the consultant will give all the necessary recommendations regarding further actions.
Also, an application for refinancing a mortgage at Tinkoff Bank can be filed on the Internet site. However, at the same time, it still makes sense to first speak with representatives of a banking institution to find out how much money can be transferred.
In addition to all of the above, the client is required to provide personal data: F. I. O., card account number. As soon as this information is verified, the process of repayment by Tinkoff Bank of a loan in another bank will start. You will not have to pay any fees for such a service. After that, the client receives approval for re-lending - the opportunity to get a new loan at Tinkoff Bank.
Refinancing Limitations
Re-lending is approved only in the following cases:
- age from 20 to 65 years;
- disbursement of money for a minimum of 90 days, and for 5 years - a maximum;
- the absence of any delinquencies in previous loans;
- availability of income certificate, as well as the necessary information about the salary for 6 months. from the last place of work;
- in general, over the past 5 years, the minimum work experience should be at least 1 year.
A certificate that a person has a permanent job may not be required at all. Moreover, if a person at the time of re-lending is already a client of this financial institution, he is entitled not to provide some documents.
Feedback on refinancing loans from other banks at Tinkoff
Many people who received loans from banks and were dissatisfied with the service or with high interest received refinancing at Tinkoff. According to them, this institution differs from others in the most favorable credit and on-lending terms, which helps a lot in difficult situations. Most of the clients were satisfied - many of them managed to repay the loan or mortgage ahead of schedule, get rid of large debts and stabilize their financial situation. We examined what refinancing loans to other banks at Tinkoff Bank consist of.