Credit refinancing is a good financial tool. But only if you approach this process correctly, that is, pre-calculate options, choose the best program and bank. An active marketing policy at Post Bank offers favorable conditions for individuals in Russia. The declared refinancing rate here is from 14.9% per annum, with the possibility of recovering part of the interest paid. But is this proposal so beneficial, as seen at first sight? Let's try to figure it out.
Refinancing is a financial service that allows you to transfer credit obligations from one bank to another with the most favorable conditions.
On August 1 of this year, Post Bank reduced interest rates on loan refinancing programs taken at other banks. Funds began to be provided to borrowers at rates ranging from 14.9 to 19.9% per year. Clients have the opportunity to improve the conditions of their loans in other banks, as well as receive additional cash if necessary. At Post Bank, you can re-lend various types of targeted and consumer loans.
Better interest on loans
Thanks to refinancing at Post Bank, you can transfer a loan to this organization to obtain more favorable interest and conditions. This allows you to reduce the size of the payment and thus reduce your credit load.
Thanks to the refinancing, it is possible to reduce the payment in the following ways:
- Rate reduction. Over time, in the presence of great competition in banks, interest decreases more and more. This allows you to currently find the most favorable rates, compared with those at which the loan was issued before.
- Extension of the term. Payment can be reduced by issuing another loan for a longer period.
In accordance with the new agreement, money is transferred from the current lender's account to a new account.
How many loans can be combined?
As part of the loan refinancing at the Post Bank, you can combine up to four loans issued by other banks, and the conditions will be more favorable. The maximum loan amount is equal to one million rubles. In addition, special conditions are provided to pension banking customers. They have the opportunity to get a loan at 14.9, 16.9 and 19.9% per year, while the loan amount increases from one hundred fifty to two hundred thousand rubles.
Benefits of this refinancing program
Is refinancing at Post Bank profitable? It happens that a loan issued earlier becomes unbearable for the borrower, and he is forced to revise his agreement with the bank. If the lender does not agree to meet him and offer comfortable and favorable conditions for the restructuring of the loan, then the only way out is refinancing in another bank.
There are many advantages to refinancing loans of other banks at Post Bank. Such a service gives borrowers the following opportunities:
- reduce the annual lending rate;
- Change the monthly payment for the better, that is, reduce;
- to combine several types of loans at once into one loan (up to four are allowed), which are taken in different banks;
- get additional funds on credit in addition to debt taken for personal needs.
Refinancing Terms
Now refinancing at Post Bank is carried out on the following conditions:
- the interest rate for this program for individuals is from 14.9 per year;
- a loan can be from fifty thousand to one million rubles;
- re-lending may last from twelve to sixty months;
- there is the possibility of combining four loans taken in other banking organizations into one loan at once;
- the client has the right to prematurely close his loan.
Relatively large amounts, the interest rate in 2017 is 16.9%. Mortgage refinancing is not carried out at Post Bank.
What are the requirements for a potential borrower?
To take part in the program, you must meet all the requirements that are presented to the borrower by the bank. First of all, it is necessary to observe conditions such as:
- the presence of citizenship of the Russian Federation by the borrower and permanent residence at a specific address;
- consumer age from eighteen years;
- official employment;
- the borrower has no delays in previous payments;
- work experience at one enterprise for at least six months;
- stable income.
Documents
In order to send an application for refinancing a loan at the Post Bank for individuals, the client must collect the following documents:
- passport of a citizen of the Russian Federation;
- TIN of the employer, as well as the SNILS number of the borrower.
After a positive decision is received on the application, it is required to provide documents that contain information about the refinanced loan:
- time of conclusion of the agreement;
- contract number;
- name of the banking organization;
- customer account number;
- BIC Bank;
- the amount of the loan received at the time of conclusion of the agreement.
What requirements should a loan meet?
Not all types of loans are subject to refinancing at Post Bank. There are a number of specific loan requirements that will allow you to re-arrange it in the future:
- the loan must be consumer or provided for the purchase of vehicles, that is, a car loan;
- the client who prepares the refinancing should not have debts and delays in the current loan amount;
- checking the payment history; it is necessary that the borrower does not allow himself to repay the loan out of time at least for six months;
- before the termination of the loan agreement, must remain more than three months;
- Mortgages or consumer loans should not be issued by financial companies owned by VTB Corporation;
- loans must be issued only in Russian currency, that is, in rubles.
If a consumer complies with all the requirements listed above, then he can confidently count on concluding an agreement with Post Bank on refinancing a consumer loan.
How to apply for refinancing?
There are two ways to apply: in the organization’s office in person or via the Internet.
Filling out the application form online, the user must specify the following data:
- amount of refinancing;
- refinancing period;
- first name, middle name and last name;
- passport data;
- contact information (cell or home phone);
- income level and other requested information.
Finally
As soon as an application for refinancing loans at the Post Bank of other banks by an individual is sent, it remains only to wait for what decision the organization will make on it. Most often, online applications are considered quite quickly - within one business day, after which a bank employee contacts the client and reports the result. If the answer is yes, the client needs to appear at the appointed time at the bank branch with all the necessary documentation and conclude a new contract, after which Pochta Bank becomes the lender of the individual, and his task is to pay off the old debts of the consumer. And the client’s task is following the schedule to make payments under the refinancing agreement.