Rating of the best banks for refinancing loans for 2022

Many banking organizations offer loans that are beneficial to the client. Attractive terms can be a low interest rate or a repayment term. But some life circumstances may develop so that the repayment of the loan becomes more difficult. In this case, you can resort to a special procedure called refinancing or on-lending.

We will study this banking concept in more detail, and also consider which credit institutions offer the best conditions for this operation.

What does the concept of "refinancing" include?

The refinancing process involves taking out a new loan to pay off the current one. On the one hand, this offer for the user sounds strange and not entirely profitable. But there are situations in life when the procedure in question may be quite acceptable. Perhaps the bank's client has family circumstances that make it much more difficult for him to pay the current loan. These may include temporary loss of employment, costly medical treatment for close family members, or similar situations that involve financial difficulties.

In such cases, the amount of the monthly payment becomes less, but the term of the loan increases.

The second, simpler option for on-lending is that the conditions have changed at the bank: the interest rate has become significantly lower or the loan term has increased, so repaying the old loan with a new one becomes more profitable for the client.

You can refinance completely different types of loans: be it consumer, credit cards, car or mortgage. If the user has several loans, they can be combined into one and repaid ahead of schedule: in part or in full.

But before applying for a service, it is necessary to weigh all the pros and cons. For example, refinancing a mortgage includes additional costs, such as notary services, home revaluation, necessary certificates, and insurance. Sometimes the total cost of these costs is more than the bank's interest rate offer. Each case is considered with all pluses and minuses.

This procedure can be carried out not only in the same bank in which the original contract was drawn up, but in other organizations. The client chooses the conditions that he considers the best for himself from several options offered by different banks.

Required documents

In order to carry out on-lending, the same package of documents is usually required that was needed for the initial registration. The list includes a passport, income statement, as well as all existing agreements and payments on previous loans, personal accounts for their payment. Some organizations may request SNILS.

How can I arrange

Refinancing service can be done in several ways. One of them is to contact the nearest branch of a pre-selected bank. An employee of a credit institution is obliged to tell in detail about the on-lending process, their conditions, check the documents and fill out an application.

You can also leave an online application and make an appointment with a consultant at a pre-selected and convenient time for the user. To do this, go to the official website of the bank and leave an application. It contains the details of the borrower, confirming the identity and his official income. Depending on the loan amount, the bank may require additional documents.

After consideration of the application and if it is approved, the client can contact the branch of the banking organization and officially conclude a new refinancing agreement, having previously collected the entire package of documents.

Some banks provide the service of an employee visiting the borrower's house and concluding an agreement. Such points are specified on the website when making an online application.

After the procedure is completed, the user receives a debit card with funds, the repayment of which occurs according to the period specified in the contract and a monthly payment in a certain amount.

When can you refuse to refinance a loan?

The main reason when the bank does not agree to refinance is the presence of a not very good credit history of the client. Perhaps he had overdue mandatory payments on current or previous loans, or the user's regular income has become significantly lower.

A negative answer may also be influenced by the lack of permanent registration of the borrower's place of residence. In case of refusal, the banking organization always informs the user why refinancing is not possible at the moment. If the client was able to fix this problem, he can re-apply for a change in credit conditions.

Rating of the best offers of banks for refinancing with an interest rate of up to 6%

Raiffeisenbank

This banking organization offers the following conditions for on-lending, which are quite favorable for the borrower: the interest rate is only 4.99%, the possibility of combining into one to five loans, the repayment period can reach up to 7 years.

Additionally, the client should familiarize himself with all the offers from the bank in question. If the loan amount does not exceed 600,000 rubles, only a passport is required from the documents to apply for it, a certificate of income is not provided. The maximum loan amount can reach 7,000,000 rubles.

Refinancing is possible not only for a consumer loan, but also for a car loan or credit cards. The number of banks in which other loans are issued can be no more than 5.

In addition to the amount required to pay off all debts, the user can issue a larger amount of money for personal needs - this is also included in the offer from Raiffeisenbank.

To complete the application, you must enter the following data: full name, phone number and e-mail. After specifying the listed information, the borrower enters the data necessary directly for obtaining a loan.

The response to the sent application comes quickly. After that, the user can receive funds either at the nearest bank branch, or arrange delivery to their home address.

• Low interest rate;
• Long term for repayment;
• It is possible to combine up to 5 loans into one;
• Various types of loans are refinanced.

• Not detected.

MTS Bank

The organization provides quite comfortable conditions for receiving funds. The interest rate is from 5.9%, the maximum allowable amount that can be issued reaches 5,000,0000 rubles, and the minimum is 20,000 rubles.

For a positive answer, only documents confirming Russian citizenship, age over 20 years and a permanent source of income are required.

By combining several loans into one, the borrower not only reduces the interest rate and monthly payment, but also changes the repayment date and can take an additional amount and dispose of it at his discretion.

There is also an online calculator on the site. With it, the borrower can easily calculate the amount of the monthly payment on their own, taking into account interest. To do this, you just need to enter the following data: the required amount of funds and the desired repayment period (from 12 to 60 months).

To send an online application for consideration, the official website has fields to fill out: last name, first name and patronymic of the user, phone number and email address.

After some time, bank specialists contact the borrower and tell them what to do if the loan is confirmed.

• Loyal conditions for issuing a loan;
• Online calculator on the site;
• You can order an additional amount for personal needs;
• Fast communication with clients.

• Not detected.

VTB Bank

The minimum interest rate is from 5.9%. The repayment period is up to 7 years, the maximum amount is up to 5,000,000 rubles. Consideration of the application occurs in 2 minutes.

The site also has an online calculator that allows you to calculate the monthly payment. You can take out insurance in case of unforeseen circumstances that do not allow you to pay the loan on time.

A banking organization allows you not to pay for the issued funds for the first three months after registration. If the borrower missed one payment in 6 months, he will not be charged additional late fees.

The requirements for receiving funds are as follows:

• passport of a citizen of the Russian Federation;
• permanent registration;
• the minimum age is 17 years, the maximum is 70 years;
• the presence of work experience of more than 1 year or three months, if the client's age is from 18 to 22 years;
• official income must be at least 10,000 rubles.

To carry out the refinancing procedure, the term of the previous loan must be more than 3 months, the client did not violate the terms of repayment and had no delay in payments.

If the user is already a client of this bank, he only needs to provide a passport, SNILS and details for paying the current loan.In the case of an initial application to a banking organization, you need to bring a certificate of income for the last 12 months. If the loan amount exceeds 500,000 rubles, confirmation from the official place of work is added to the above list of documents.

Pensioners can also receive funds to pay off another loan. Then, to all the documents discussed above, a certificate of the amount of the pension and a pension certificate are added.

In addition to refinancing consumer loans, VTB Bank offers its clients mortgage on-lending services at a very favorable interest rate.

• Can be issued to pensioners;
• The minimum age of the client is 17 years;
• Large repayment period.

• Not detected.

TOP 3 best banks with an interest rate of more than 6%

Sberbank

The interest rate depends on the amount of money, the monthly payment and the repayment period. The minimum rate can be 8.9% if the contract is concluded for a period of 3 to 12 months and the loan amount is more than 1,000,000 rubles. For the same amount, but for a period of 13 to 60 months, the interest will be already 11.9%. The maximum amount of financial resources that Sberbank can refinance is 5,000,000 rubles for up to 5 years.

If you need a loan up to 300,000 rubles, the rate is from 10.9% to 16.9%, depending on the repayment period. For each user of banking services, this percentage will be calculated individually after submitting an online application. Her review lasts about two minutes.

An approximate calculation of the monthly contribution can be found if you use the online calculator on the Sberbank website.

In addition to funds for refinancing, the user can order an amount over, up to 300,000 rubles, for necessary personal purposes.

Sberbank allows you to refinance both your own loans and loans from other banks. From their services, you can refinance a consumer, mortgage or car loan. As for other banks, in addition to the listed loans, credit or debit cards can be added here.

To obtain approval, the following requirements must be met: no delinquency for the last year and no debt at the time of application, the loan debt exceeds 30,000 rubles. The age of the borrower is at least 21 years old, the official work experience is more than 6 months.

In total, with the help of on-lending, you can close up to 5 loans.

• You can refinance different types of loans;
• You can issue an amount greater than the total repayment amount.

• Not detected.

Bank opening"

The lender allows you to refinance for a consumer, car loan or the purchase of goods for personal use. The minimum amount is 50,000 rubles, the maximum is 5,000,000 rubles.

In addition to on-lending, the intended use of funds may be individual insurance or urgent needs of the borrower.

In order to obtain bank approval to receive funds, the borrower must be a citizen of the Russian Federation with permanent registration and residence in the region where there is a branch of Otkritie Bank, his age is 21 years or older. The loan is issued only to individuals. The monthly income of the borrower after deducting all taxes should not be less than 15,000 rubles. The last three loan repayments must be paid on time.

Failure to refinance is the presence of delinquencies on previous loans for the last year. Pensioners without official employment also cannot count on refinancing from Otkritie Bank.

Depending on the loan amount and its repayment period, the bank offers the following conditions: the interest rate for a minimum amount of 50,000 rubles for a period of 12 months will be 8.9% per annum (with an insurance policy), 15.9% for amounts up to 300,000 rubles without insurance and 11.9% for amounts over RUB 300,000.

The maximum loan amount is 5,000,000 rubles for a period of 60 to 240 months, the interest rate upon conclusion of an insurance contract is 16%, in its absence 19% and 23%.

The lender provides the possibility of early repayment without paying a penalty.

On the official website of the banking organization, the user can get acquainted in detail with all the requirements and conditions for concluding a loan agreement.

• No penalty in case of early repayment.

• Only for individuals;
• The bank may request an additional package of documents;
• Non-working pensioners are not eligible for refinancing.

Tinkoff

You can pay off mortgage loans, consumer or credit cards issued in other credit institutions ahead of schedule. The amount is from 50,000 to 2,000,000 rubles, the term is from 1 to 3 years. Refinancing applies only to loans to individuals. The interest rate ranges from 8.9 to 24.9% depending on the term and amount of funds.

There is no need for guarantors or collateral to draw up a contract. The age of the borrower is from 18 to 70 years, from the documents - a passport of a citizen of the Russian Federation with a permanent or temporary Russian residence permit.Tinkoff does not require any additional documents; the bank collects all the certificates on its own with the help of the Credit History Bureau.

In case of early repayment, the user does not pay a penalty or a fine. Debt repayment occurs due to the transfer of funds from the card. You can apply for a refinancing service without leaving your home - a bank employee will deliver the agreement and debit card to the specified address at a convenient time for the client.

The official website has an online calculator that will help you calculate the monthly payment for the specified amount of funds and the desired repayment period. But it should be borne in mind that each application is considered individually, so the final result may differ significantly from those calculated on the site's calculator.

• The possibility of registration without leaving home;
• You do not need to collect all the documents yourself.

• Not issued to legal entities.

The review shows which banking organizations provide the refinancing service, and what requirements must be met for its implementation. In fact, other banks also carry out on-lending. But we have reviewed the most popular and reliable offers that you should pay attention to.

The conditions of different banks differ in many respects from each other. In addition to different interest rates, minimum and maximum amounts of funds, there are differences in the list of required documents and the age of the potential client.

Each user chooses the most comfortable conditions for himself to close old loans and open a new loan.