What is loan refinancing and in what cases it is necessary to

Credit - this is perhaps the most obvious way of making financial difficulties. Learn how to make it more humane for your budget and lower your monthly payments.

How does refinancing

Suppose you have a loan, designed several years ago. All these years you regularly make monthly payments, not really thinking much you overpay bank. The point is that now the conditions for granting loans have become much nicer than just a year ago. Interest rates on loans are gradually declining, the reasons for that - the slowdown in inflation and the reduction of the key rate of the Central Bank.

According to the CBR, only for the third quarter of 2016 to reduce the interest rates on consumer loans reported 58% of the banks, came down rates, and 90% of banks that specialize in car loans. According to preliminary estimates, this trend is relevant in 2017. Already in the first quarter of this year, banks have significantly eased credit policy conditions in relation to the population, especially noticeable in the case of mortgage lending.

Now do the same, but it's easier: the last time interest rates are lower. So, every year you overpay more and more, because the decorations for the loan you are still under the old rate, which was higher than it is now.

The logical question is: can we do something to pay the balance of the loan, taking into account the changed situation on the market? Of course. Refinancing It allows you to renew the current loan on more favorable terms. In very simplified form, it looks like this: you borrow money from a new bank to pay off the existing debt in the old. The interest rate will be lower, respectively, and reduced monthly payment.

Which loans can be refinanced

«Rosbank"Offers to refinance any loans that can benefit the average person. This special-purpose loans, such as mortgages or credit for, and non-target - consumer loans, credit cards and overdrafts.

It is not necessary that the entire amount that you borrow from the bank, went to the repayment of the loan. You can take a little longer, and spend the rest on your own. You never know, suddenly you have expenses that do not fit into the budget, and to make out for the sake of a single loan is not desirable.

In the "Rosbank" can take credit for a period of 12 to 60 months in increments of one month. The interest rate depends on the amount that you need. For loans of less than 500 000. It will be from 13% per annum, for the sum of 500, 000 and above - 12% per annum. The upper rate threshold - only 17%, and the amount of credit available - from 50 000 to 1 000 000 rubles. "Rosbank" will not take from you a fee for the issuance, registration and loan servicing. You can choose the date of repayment or even to repay the debt ahead of schedule.

Refinancing works and if you have multiple loans, decorated in different banks. More profitable to give them "Rosbank" and return the debt to it already - in this case, the loan is made at a flat rate. Another plus: no need to keep track of the date and amount of payments for each loan, as all payments are now combined into one.

What you need

The first and most important rule: you must be a citizen of the Russian Federation and be registered in a region where there is an office, "Rosbank". To start, you need a passport, and after confirmation of a positive decision - the credit contract (or contracts, if you You want to combine several loans into one) and a schedule of payments on an existing loan or loans that you want refinance.

To apply for a refinance loan "Rosbank", you can call the contact center by number 8-800-200-54-34, contact the office of the bank with a package of required documents and fill out a short profile on the site.

Refinancing the loan - a good way to lower your monthly payments and put in order their schedule. If one bank to pay the debt, rather than several at a time, much lower probability of overdue payment or make a mistake with its amount. For those who aspire to the ideal order in personal finances, it is a very convenient option.

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