"VTB", refinancing of loans of other banks to individuals: conditions, calculations

Recently, refinancing of loans is in demand. The service is used to transfer a loan from one financial institution to another. This will save on interest or take advantage of other attractive conditions. More information on refinancing loans to other banks to individuals at VTB is described in the article.

Benefits

Refinancing at VTB 24 allows you to combine several loans from other banks. This is much more convenient and economical than paying for a few. It does not take a lot of time to pay monthly fees. After re-issuance, you should only send funds to VTB.

Other benefits include:

1. Saving. If the interest rate is still high for the loan, then after refinancing it will be possible to reduce the overpayment, since the interest in VTB is lower.
2. Reduced monthly payments. After combining loans for a longer period, payments are reduced. This is convenient when the financial condition worsens.

Currently, the refinancing service is very beneficial, since many people have not one, but several open loans. Everyone can apply for its design, the main thing is to comply with the requirements of the bank.

Refinancing

Each client wants to take advantage of the favorable loan conditions. It is in this area that VTB Bank is developing. Refinancing loans from other banks draws a lot of people. This program is valid only for mortgages.

If a consumer loan is issued, then customers can choose one of the options for receiving money to choose from. In this case, guarantors are not needed, leaving the property as a pledge. Drawn funds may be spent on paying for a consumer loan in another bank. Compliance is important in order to refinance loans at VTB. The Bank of Moscow has other conditions.

Types of services

There are 3 tariffs on consumer loans that can be used to pay loans at other banks:

1. "Large". It is ideal when the client needs a significant amount of funds for a long time. The validity period of the contract can be 36-60 months, and the rate starts from 18.5% and is determined by the terms and sizes of the loan. You can get from 600 thousand to 3 million rubles.
2. "Fast". The minimum rate is 18.5%, and the amount may be 100 thousand - 3 million rubles. The duration of the contract is reduced and may be 6-36 months.
3. "Convenient". A loan is issued for 36-60 months, and the term is 100-600 thousand rubles. The rate starts from 22%. The client can choose the amount of the monthly fee.

Each tariff presented has its own advantages. Before you apply for refinancing, you should familiarize yourself with each tariff in more detail. A suitable program will be beneficial and convenient for the client.

Conditions

Before you make a service, you should familiarize yourself with the terms of refinancing loans to other banks to individuals at VTB. Loans not in every bank are refinanced. The reason for this is that “Summer Bank”, “TransCreditBank” and “Bank of Moscow” are in the group. In all other situations in a mortgage it is necessary to observe the conditions for refinancing loans of other banks to individuals at VTB:

1. Transfer from currency to rubles.
2. Switch fixed rate instead of floating.
3. Other situations when there is an organized approach to the applicant.

The objects of the transaction include not only new housing, but also objects of the secondary market. All that matters is that the mortgage debt repayment schedule is followed earlier.Due to a violation of this requirement, the client’s application may be rejected.

Documents

To perform the refinancing procedure, you need:

1. Passport.
2. Certificate of Income.
3. Loan agreement in an old bank.
4. Paper on the amount of debt in another bank.
5. A work book if the transaction amount is more than 500 thousand rubles.

Only with a complete list of documents is the application considered. Subject to eligibility, it is more likely that the application will be approved.

Bets

When refinancing loans to other banks to individuals at VTB, the established rates should be taken into account:

1. When applying for comprehensive insurance of various risks (insurance payment reaches up to 3 million rubles), the rate will be in the range of 13.9-14.9%. Everything is determined by the category of client.
2. Age in the range of 21-70 years.
3. Citizenship of the Russian Federation.
4. Accommodation in the region where the branch is located.
5. Permanent work for 1 year.

All other consumer loans provide the opportunity to spend money for various purposes, including repayment of amounts in other banks. The rate is 14.9%. The maximum may be 3 million rubles, if the appeal is carried out directly to the representative office of the bank. When contacting online, the limit is limited to 500 thousand rubles.

The time for providing financial resources is up to 60 months, but not less than six months. Slightly different sizes are specified for a mortgage. A loan cannot be greater than the market value of real estate based on adjustments for ratios. But the bank cannot provide over 30 million rubles. This amount is issued to the client for a period of 30 years.

Rules of Procedure

Refinancing of loans to individuals in VTB 24 is carried out according to the following instructions:

1. Need to leave a request. A preliminary decision will be sent to the phone as a message. It is important that the person fits the requirements, as well as the necessary documents.
2. If the application is approved, you should visit the office with a list of documents. Papers 1-3 days are considered. Then a final SMS decision is provided.
3. It is necessary to conclude an agreement with the bank, so you need to visit the branch. The funds go to the account of the institution where the loan was issued.

It should be borne in mind that VTB 24 Bank can arrange refinancing with additional funds. In this situation, the balance goes to the customer’s card, which is issued for use. If you get a consumer loan, then the amount does not go to the account of another institution, but is issued to the client for disposal. The program is valid for 1 month. During this period, you need to use the amount.

Calculator

Each client can make a preliminary calculation. The VTB Bank loan refinancing calculator for other banks to individuals will let you know the monthly payment, overpayment. To do this, you need the amount, rate and term.

For example, when issuing 5 million rubles at 15% for 10 years, the monthly payment will be 81 thousand rubles. The calculator is on the official website of the bank. It provides approximate information, more accurate information can only be obtained from an employee of the institution.

Payment

There are several ways to deposit funds:

1. Cash at checkout.
2. Bank transfers by details.
3. Through ATMs and terminals.
4. Post Office of Russia.
5. Payment systems.

Is it profitable?

The question of whether the service is beneficial is difficult, because a new loan is being issued. According to it, you also need to make payments on schedule. It turns out that she does not exempt from credit obligations. But after refinancing, you will only need to pay a loan to one bank, which is much more profitable and convenient.

With the service you can reduce the payment. Refinancing is also beneficial because the rate is lower compared to the previous loan. The client can choose the amount of payment, which is also beneficial for the client. With the service, it will be possible to reduce the size of the overpayment. Its execution is advantageous in the presence of difficulties with payment, and in some cases it is impractical to conclude a deal.

Thus, to improve their financial condition, you can contact VTB. Refinancing is very convenient and profitable because of the benefits for customers.