Loans at Sberbank are in demand among customers. But interest rates do not always suit borrowers. Especially for such payers, the bank regularly holds shares, reducing rates on loan agreements. Those who want to improve loan conditions should pay attention to re-accreditation at Sberbank.
What does the term mean?
A decrease in the interest rate on a loan by replacing one loan agreement with another at a financial institution is called re-accreditation. At Sberbank, customers can improve their contracts for almost all types of loans, including mortgage lending.
The concept is often compared with refinancing. But, unlike him, re-accreditation is not a separate banking product. It is simply a new loan agreement, which allows the client to repay previous obligations at the expense of a better offer.
Benefits for customers and the bank
The main thing that attracts borrowers is a loan refinancing at a lower interest rate at Sberbank. The service allows you to get one or more loans to reduce interest rates on existing contracts.
The offer is most often valid due to a seasonal reduction in interest rates. Bank employees actively notify all customers in the office about the launch of a new promotion.
The bank is interested in retaining credit funds within the company, as other lenders are always ready to offer refinancing at a lower percentage. In order not to lose its borrowers, the company is ready to lower rates, offering regular customers more favorable conditions.
Terms of registration
Since re-accreditation at Sberbank represents the receipt of a new loan to repay loans with high interest rates, the conditions correspond to the processing of a consumer loan.
At Sberbank, loans are issued to customers:
- at the age of 18 if they receive a salary in a bank account. For other categories of borrowers, the age limit is from 21 years. The upper limit is 65 years at the time of repayment of the loan;
- having a steady income. Those receiving a salary in a bank account have the right to apply for a loan after 3 months of work. The remaining borrowers are required to provide information on at least 12 months of experience over the past 5 years and six months in their current position;
- who have a Sberbank card, as a loan is issued to her account. The card must be valid with the current date. Credit cards are not suitable for issuing a loan.
Documents for obtaining a loan on favorable terms
To re-accredit at Sberbank, a client must provide:
- bank card if salary comes to the account of Sberbank;
- certificate 2-personal income tax and a copy of the work book;
- passport. It should not be past due.
The lender does not present other requirements for a loan. Certificate 2-NDFL is valid for a whole month and must comply with the form of the bank, with the seal of the organization and the signature of the authorized person. Otherwise, the client will be refused to apply for a lower loan rate.
How to find out about the service?
Before re-accrediting at Sberbank, you need to know about the planned reduction in interest rates on consumer contracts. There are several ways to do this.
- To reduce the interest rate on loans, bank employees who can notify borrowers about profitable promotions can invite them to the office.
- Card and account holders at Sberbank periodically receive advertising notifications of new offers, including loans.
- One way to find out about lower interest rates is to get information on the bank’s website. Data is updated immediately after the special offer.
- Internet banking is a proven guide to company stocks. Information about new services is located on the main page, at the top of the screen.
- Advertising in the media. Television or the press reports on the possibility of lowering the interest on the loan faster than you might imagine.
- Information from acquaintances is a way that many trust. Reviews of re-accreditation in Sberbank brought to the office more than 1/3 of new customers.
How to use the offer: instruction
It’s easy to get a loan at a low interest rate to pay off an existing loan. To do this, carefully monitor the stock.
How to make re-accreditation at Sberbank?
- Come to the bank office with a passport and other documents.
- Take a coupon in the electronic line "Get a loan".
- Wait for a call to the manager.
- Provide documents for identification.
- Clarify what interests the proposal to reduce the interest rate on existing loans. If there are documents on previous loans, it is recommended to take them with you.
- View the preliminary calculation. The re-accreditation calculator at Sberbank is on the company's website, but the loan officer will tell you more precisely on the amount of the principal debt and interest.
- If you are satisfied with the terms of the loan, agree to submit an application.
- Wait for a loan decision. Sberbank applications are considered from 2 minutes. The client’s decision is notified by SMS from the number "900". The loan officer also calls his borrowers about the application.
- If the decision is positive, you need to contact the service managers with a passport to close the old contracts. If this is not done, the payer will be required to pay installments for another loan.
Loan interest rates
In 2018, you can apply for a loan to repay previous loans at Sberbank under new conditions.
- The minimum interest on a loan when applying at the bank’s office is 12.9%. The maximum border is no more than 19.9%. Customers of payroll projects can expect to receive a loan with a rate of no more than 15.9%. Higher interest for those who do not receive wages in the account with Sberbank.
- If the borrower decides to get a loan through Sberbank Online, then loans from 11.7% per annum are available to him. The conditions for receiving, providing information and accompanying an application when submitting online are the same as in the bank office.
The interest rate is always calculated individually for each client. Its size is affected by the availability of a salary project, credit history, customer reliability, and salary.
If the interest proposed by the bank did not suit the borrower, you can wait for the next offer to reduce rates. Shares in Sberbank are held every 2-3 months.
What documents are issued upon re-accreditation?
As with all loans, in Sberbank, when applying for re-accreditation, the client receives:
- copy of the loan agreement.
- payment schedule.
- reminder about making funds.
- credit card account statement.
If the borrower has agreed to voluntary insurance under the contract, then after paying the insurance premium, he will be issued checks and data on protection.
What to do after crediting?
Upon approval of the application, money is credited to the card account. They can immediately be used to close old obligations. With full early repayment, funds are credited to the loan account instantly, which allows you to immediately receive a certificate of lack of debt.
Early repayment is recommended immediately after the issuance of a new loan. It is more profitable to do this on the first day, since interest is credited for each day of using credit funds.
After making the repayment, you need to ask the operator to issue a certificate of lack of debt and a check on writing off funds from the card (or account statement).In the certificate in the column "Balance of the main debt" should be zeros, the same thing - in percentage on the loan.
After the loan is re-accredited, the client pays the obligations already under the new agreement, following the payment schedule or repaying the loan ahead of schedule.
When can they refuse to issue a new loan?
Re-accreditation conditions at Sberbank are not always satisfied with customers. But more often, the reason for not using the opportunity is the refusal to issue a loan.
A negative decision on the application may be associated with:
- bad credit history. Not all payers are reliable. Those who regularly miss payments or make funds with a delay of more than 3 days run the risk of not getting loan approval;
- insufficient solvency. To apply for a new loan, the client’s salary should be sufficient to repay both the old and the new loan if the borrower does not repay the existing obligations;
- lack of documents or expired certificates. Without a complete set, you cannot submit an application for consideration - an automatic refusal will come;
- non-compliance with bank requirements. Failure to comply with age restrictions or insufficient length of service - all this can lead to non-receipt of a loan.
Can I credit a credit card?
Often, borrowers are interested in chances to lower interest on a credit card. There is no technical possibility to reduce the interest rate on the credit limit, but customers can get a new loan to pay off their debt.
In 90% of cases, this is more profitable, since interest on credit cards at Sberbank is higher than on a regular loan. In 2018, the maximum interest on a credit card is 27.9%, and on a consumer loan - 19.9%.
Car loan rate cuts
In contrast to consumer lending, a car loan in Sberbank is a targeted loan. It can only be used to purchase a vehicle. A prerequisite is also the execution of CASCO.
A car loan at Sberbank can be re-credited, but only by applying for a consumer loan. A rate cut by issuing a car loan with more favorable conditions is not currently provided.
Mortgage agreement: how to reduce interest in Sberbank?
In 2017, there was no on-lending of mortgages at Sberbank, but customers could reduce interest in a different way. Under the terms of the lender, the bank lowered the rate for reliable borrowers when submitting an application.
An application for a reduction in the interest rate on a mortgage can be made immediately at the center of mortgage lending. Bank employees will help to fill out the sample correctly so that there is no refusal to provide more favorable conditions.
If you want to quickly take ownership of housing, some borrowers use consumer loans to get rid of collateral under a mortgage agreement. In 89% of cases, from the point of view of overpayment, this is unprofitable, but for many it is more important to have your own apartment without obligations.
With a mortgage, housing is collateral until the loan is repaid. By issuing a consumer loan and paying off a mortgage loan with it, customers acquire all rights to property.
But interest on loans is much higher than on a mortgage. In 2018, a stock can issue a mortgage loan from 7.4% per annum, and a consumer loan from 11.7%.
Under the terms of the contract, a reduction in interest due to re-accreditation of a mortgage is not possible.
Interest Rate Reduction Terms
Mortgages are not re-accredited at Sberbank, but interest rates are available for borrowers who:
- did not allow delinquency and have no debt at the time of application;
- have a principal amount of at least 500 thousand rubles. If you have to pay less, you will not be able to reduce mortgage interest;
- pay a mortgage for at least six months. Sberbank does not reduce interest to new borrowers: in order to receive a discount, it is necessary to confirm reliability;
- repay a loan at a rate of 11.4% per annum or more.
The application will be accepted subject to all conditions of the bank. Only a title borrower (if there are several) can apply for a decrease in interest. If the main payer does not have the opportunity to arrange the service, you can provide a power of attorney certified by a notary.
In 2017, Sberbank reduced the mortgage interest rate by at least 0.5% per annum. The minimum rate for reduction is 11.4%. If borrowers pay a mortgage at a lower interest rate, they will not be able to take advantage of the reduced rate.