VTB 24, refinancing loans from other banks: conditions and reviews

Before purchasing goods and services, a person analyzes price offers on the market, trying to find the best option. Consumer loans are no exception. Only the search for alternatives is due to other reasons, such as problems with debt repayment or the desire to reduce maintenance costs. This can be done by transferring the debt to another institution. Let's take a closer look at how to apply for VTB 24

For whom

For a bank, refinancing is a way to attract new customers. According to statistics, for every second Russian there is one consumer loan. Among them there will definitely be those who want to improve the conditions of service. The refinancing service has been developed precisely for such clients. In essence, we are talking about taking out a new loan to repay an existing loan. In practice, the registration procedure is the same as in standard cases. Only in addition the client needs to provide a certificate from the bank where the loan has already been taken out, indicating the terms of the loan and the current debt.

Loan requirements

VBT 24 Bank is engaged in on-lending of consumer, mortgage, car loans and card debt. But old loans must meet certain requirements:

• remaining validity period is more than 3 months;
• monthly debt repayment;
• credit card currency - rubles;
• regular debt repayment for the last 6 months;
• no recent loan arrears.

Requirements for borrowers

Regardless of the service program, the bank puts forward the same requirements for all borrowers:

• Russian citizenship;
• availability of permanent registration;
• official employment for more than 1 year;
• minimum regular income of 20 thousand rubles. (for residents of the capital - 30 thousand rubles);
• good credit history.

Documentation

To apply for refinancing of loans from other banks at VTB 24 Bank, you need to provide:

• internal passport;
• certificate 2-NDFL;
• SNILS certificate;
• package of documents for the first mortgage loan.

Owners of salary cards just need to provide a passport and SNILS.

Programs

VTB Bank does not directly provide services to 24 other banks. The product line includes only programs for financing mortgage loans. In all other cases, you can apply for cash loans from other banks. But the name of the program itself will not include the keyword “refinancing”. The interest rates, terms and size of the loan under such programs are inflated. Customers can choose from one of three products. No guarantee, surety or deposit is required.

Mortgage refinancing conditions

Let's take a closer look at how the financial institution VTB 24 refinances loans from other banks. The terms of service are not very different from standard mortgage loans. But it has its own characteristics.

In addition to VTB 24 Bank, the VTB Group also includes the following institutions: Leto Bank, Bank of Moscow and Transcreditbank. Therefore, loans received from these banks cannot be refinanced.

All citizens of the Russian Federation who have a stable source of income and official employment can receive a loan. Age restrictions are set as standard. Persons aged 21 to 70 can receive a new loan.

The mortgage is refinanced provided that the client changes the loan currency to rubles or the rate changes from floating (combined) to fixed. The object of the transaction can be an apartment both in new buildings and on the secondary market.

Previous violations of debt repayment schedules are not welcome. Although one-time delays that occurred more than 6 months before submitting the application are allowed.

You can re-issue a mortgage at VTB 24 Bank under the following conditions:

• interest rate - 15.95%, subject to signing a property, life and health insurance contract;
• interest rate - 16.95%, subject to obtaining only property insurance.

Decor

VTB 24 accepts applications for refinancing a loan from another bank electronically. To do this, you need to provide data for initial scoring on the bank’s website in a special form: full name, information about the employer, income level, contact information and passport information.

You can also submit an application by calling the hotline. The employee will help you choose a loan product, tell you about all the terms of cooperation and ask the client for all the information for the application. After processing the data, a preliminary decision is made. Next, you need to provide the originals of all documents to any bank branch and wait for the final decision. You can reduce the time and immediately visit a bank branch by providing a complete package of documents.

Rates

The financial institution VTB 24 refinances loans from other banks according to the following tariff plans:

• “Large” - intended for clients who need a large amount for a long period of time. The loan is provided for 36-60 months at 18.5% per annum. The maximum amount is limited to three million rubles.
• “Fast” - the lower threshold of the rate is limited to 18.5% per annum. The loan amount varies from 100 thousand rubles. up to 3 million rubles The loan term ranges from six months to 3 years.
• A “convenient” loan is provided for a period of six months to 3 years in the amount of 100-600 thousand rubles. The loan is serviced at 22% per annum.

On these conditions, VTB 24 Bank refinances loans from other banks. User reviews confirm that the conditions of the third program are the most attractive for re-issuing consumer loans. The client can independently choose the amount of payment.

If applications for re-issuance of consumer loans are considered on an individual basis, then all others are serviced on general terms. The bank will not check the intended use of funds. The client can receive cash from the bank and spend it for personal purposes.

Stages

Let's take a closer look at how the financial institution VTB 24 refinances loans from other banks. If we are talking about a mortgage, then first the transfer of the debt to VTB 24 is formalized, and the agreements on the pledge of property are re-signed. Only after this the bank transfers the funds to the first creditor. The maximum loan amount will not exceed the market value of the property, adjusted for current coefficients. At the same time, the bank has its own limit. It amounts to 30 million rubles. The contract can be drawn up for a maximum period of 30 years.

You can pay off your debt:

• in cash at the branch cash desk;
• transfer of funds using the specified details;
• in terminals with a cash acceptance function;
• at post offices of Russian Post.

Conclusion

The procedure for refinancing loans at VTB 24 Bank is characterized by a minimum package of documents and an attractive interest rate. At the same time, the institution does not indicate clear requirements for the re-issuance of consumer loans. In order not to waste time, it is better to first submit an application online, and after receiving preliminary consent, collect documents. In this case, the object of the transaction must meet certain requirements. It will not be possible to re-issue a loan with overdue debt at VTB 24.