A mortgage is issued for a long period. Not all borrowers manage to pay the debt on time, which causes a lot of problems. If this happened, then you can refinance at Raiffeisenbank. This procedure involves paying an open loan on favorable terms. Money is taken to pay for an existing loan at another bank. This organization offers acceptable conditions for borrowers.
Raiffeisenbank is considered one of the most sought after now. With its help, the population draws up different types of loans. Favorable conditions are offered for existing and new customers. One of the services is refinancing, ideal for mortgage borrowers whose financial situation worsened .
What to do when the financial situation worsens?
Not all borrowers manage to accurately calculate financial opportunities. For example, with the loss of work or illness, it is difficult to pay the obligations taken. If you do not pay loans on time, then:
- penalties are charged;
- early termination of the contract occurs;
- attracted companies to repay the debt;
- litigation is taking place.
Raiffeisenbank solves short-term difficulties in paying off debt. If the client has temporary difficulties, then you need to inform the bank about the probable date of payment. This should be done if the debt is not more than 90 days.
Service Features
If the difficulties are long-term, then you need to contact the bank with an application for refinancing. The decision is made after studying customer information, credit programs, difficulties. With the help of refinancing it will turn out:
- increase loan term;
- reduce monthly payments;
- get a loan at a favorable interest.
The service can be used by existing customers of the bank, as well as borrowers from other financial institutions.
Conditions
More often they fill out mortgage refinancing at Raiffeisenbank . Under the new agreement, the conditions will be more acceptable. The conditions include:
- the maximum lending period is 25 years, if the property is used as a pledge, and 15 years for inappropriate mortgages;
- minimum term is one year;
- a loan in rubles is granted;
- There are no commissions for consideration and decision making;
- security is a pledge;
- funds are transferred to the account that was opened to the client for these purposes.
Bets
Refinancing at Raiffeisenbank is carried out at a rate that depends on the purpose for which the previous amount was issued. The percentage may differ for all borrowers - everything is determined by whether they are regular customers.
At Raiffeisenbank, mortgage refinancing is carried out from 11.9% until the loan is registered with the bank. Then the rate is reduced to 10.9%. If the loan was inappropriate, then the rate will be from 17.25% per annum. If the contract was signed 45 days after the approval of the bank, the client pays a percentage of 0.25%. Therefore, it is better not to delay it.
Amount
The maximum and minimum amount is set based on the balance of the debt that was provided. Raiffeisenbank offers to take up to 26 million rubles. The minimum amount depends on the balance to pay the mortgage.
Calculator
Is it worth refinancing a mortgage at Raiffeisenbank in 2017? It all depends on the type of loan, but first you need to perform the calculation using the online calculator, which is on the official website of the bank.
It is necessary to fill in the data on the amount, interest and terms. Using the calculator, you can calculate the size of the payment. This will determine how much the amount will be, if you use the help of the bank. It will also be possible to set the size of overpayments.
Design Features
When borrowers are not satisfied with the conditions for the current loan, there is a solution: refinancing at Raiffeisenbank. You can consult in person or by phone. The specialist will answer all questions, using e-mail you can send copies of documents. Or deliver them in person to the nearest office.
When considering an application, bank employees can contact the client to clarify information of interest to him. Sometimes the borrower is required to submit additional documents, increase the first payment, close existing loans. There may be requests for the adoption of other terms and amounts of loans. The client should not rush to answer, as you can think about it and then make a decision.
The application is considered 2-5 business days. At this time, the borrower's solvency is assessed, additional information is specified, and documents are checked. If the answer is yes, the bank employee notifies the client about this, and also says what documents are required. If refused, the reasons for disapproval are notified.
What will happen next?
Then the date of signing the document is agreed. The day before this, the manager contacts the borrower. Then you need to pay for the work of a notary for certification of documents.
When the contract is signed, the amount is transferred to a personal account with the bank and the lender. Registration of collateral is carried out about 60 days, when the property passes on the security of the bank. The client pays for registration and state duty, insurance.
Documents
In order to refinance at Raiffeisenbank, the following documents must be collected:
- A statement indicating the purpose of refinancing.
- Copy of the pages of the passport of the client and co-borrowers.
- Certificate of Income.
- Copy of work book.
- Property rights.
- Copy of mortgage agreement.
- Copy of the charter.
Requirements
Refinancing a loan at Raiffeisenbank will be possible to fulfill subject to the requirements. Client income must be at least 15 thousand rubles, and for some regions - 20 thousand rubles. And among co-borrowers, this figure drops to 10 thousand rubles. The co-borrowers may be spouses, relatives, if their property serves as collateral for the loan.
The requirements include:
- age of 21 years, and at the time of payment - no more than 5 years;
- citizenship of the Russian Federation or another state;
- residence and work in the region where the bank is located;
- registration in the region;
- work experience of 6 months at the last job, and total - 1 year;
- phone availability;
- a positive credit history and not more than 2 unpaid loans at Raiffeisenbank or other organizations.
Collateral Requirements
A collateral is required before applying for a mortgage refinancing at Raiffeisenbank. Reviews indicate that there are requirements for property that serves as collateral. The Bank has determined a list of regions where real estate may be located.
The security must meet the following requirements:
- collateral is real estate, as in the previous contract;
- property should not be encumbered other than the creditor bank;
- legal registration of property rights;
- payment of previous obligations is carried out after registration of the transfer on the security of the object;
- Property must not be used by third parties.
Only if you comply with the above rules will it be possible to arrange refinancing at Raiffeisenbank. The reviews indicate that there are still requirements for the size of the living space, the location of the apartment, house, their condition, and liquidity.
Payment
If the service is executed, the loan is paid in equal installments. Their amount is determined by the amount of funds issued, term, interest. Therefore, each client will have a different one. You can deposit funds through a bank, ATMs, plastic cards. The same rules apply as with a regular loan.
Early payment is carried out without additional fees, you only need to apply with the application after making the required amount. After that, it is necessary to remove the burden from the deposit.
You can make payments in the same way as with a regular loan. There are options for transferring funds without a commission, for example through ATMs. Through them, payment is quick.
Consumer loan
Refinancing a loan at Raiffeisenbank for individuals is also possible if a consumer loan has been issued. The service is issued for 1-15 years. Such an offer is valid for a variety of purposes, except for business. Money is issued on the security of real estate registered in the ownership of an individual.
It is possible to get a loan at 17.25 percent if the client is paid. This rate is approved after registration of the pledge. Prior to this, the minimum figure is 18.25 percent.
Car loans
Raiffeisenbank carries out refinancing of loans of other banks even if a loan was issued to purchase a car. The service is available to individuals. Information about it is on the official website of the bank. Depending on the type of car, the rate will be 17-18 percent. The service will be available only upon registration of the car as a guarantee for the transaction.
Currency Mortgage
Although many loans are issued in rubles, refinancing a loan at Raiffeisenbank for individuals can be done to pay the debt in foreign currency. It is only necessary to comply with the requirements in force in the ordinary transaction.
Overpayments on foreign currency mortgages may vary. The rate will be 10.5-12 percent. It must be remembered that the service is issued if the main loan was issued at Raiffeisenbank. For loans issued in other organizations, the option is not available. Its purpose is to change the currency of the loan within the bank.
Customer Opinion
Among the majority of customers of the bank you can find many positive reviews about the service. It really helps in difficult times, you just need to act decisively. It is advisable to apply for refinancing in the event of a difficult financial situation, and not when there are many delays. After all, then fines will be charged, in addition, there may be a refusal.
Many borrowers draw up a service to reduce the size of payments, so that they have enough money for living. People are happy with the ability to calculate payments. But specific conditions can be found in the bank when applying.
On the sites there are many reviews about the fact that bank customers draw up bad loans. Large overpayments are obtained on them. Then, refinancing will be the way out.
Advantages and disadvantages of refinancing
Refinancing assumes that the client receives more favorable conditions than those on which he received a loan earlier.
The benefits of the service include:
- quick review of the application;
- consultations with the manager by phone;
- high probability of approval;
- help at all stages;
- profitable terms;
- decrease in payments and increase in term;
- change of foreign currency to national.
The minuses include:
- collection of documents of the borrower, guarantors, as well as real estate;
- expenses for evaluation, notary work, registration;
- with early repayment, the previous bank may be fined.
The reviews show that many liked the refinancing service, since it allows to improve the financial situation. With it there is an opportunity to reduce the payment or increase the period. This will be a great help to people with a difficult financial situation. Raiffeisenbank employees advise borrowers on all matters, so there should be no difficulties with registration.