Raiffeisenbank: Refinancing Raiffeisenbank: Feedback

Mortgage is drawn up for a long period. Not all borrowers manage to pay their debts in a timely manner, which causes many problems. If this is the case, then you can refinance in Raiffeisenbank. This procedure involves paying for an open loan on favorable terms. The money is taken to pay the current loan in another bank. This organization offers acceptable conditions for borrowers.

"Raiffeisenbank" is considered one of the most popular now. With its help, the population draws up various types of loans. Favorable conditions are offered for existing and new customers. One of the services is refinancing, ideally suited to mortgage borrowers, who have worsened their financial situation.

What should I do if my financial situation worsens?

Not all borrowers manage to accurately calculate financial opportunities. For example, with loss of work or in case of illness it is difficult to pay the obligations taken. If you do not pay in time, then:

• Fines are charged;
• Early termination of the contract takes place;
• Companies are engaged to repay the debt;
• There are legal proceedings.

Raiffeisenbank allows to solve short-term difficulties with payment of a debt. If the client has temporary difficulties, then you need to tell the bank about the likely date of payment. This should be done if the debt is not more than 90 days.

Features of the service

If the difficulties are long, then you need to apply to the bank with a request for refinancing. The decision is made after studying the information about the client, the credit program, the difficulties. With the help of refinancing you will get:

• Increase the loan period;
• Reduce monthly payments;
• To issue a loan at an advantageous interest.

The service can be used by existing clients of the bank, as well as borrowers from other financial institutions.

Conditions

More often make out in "Raiffeisenbank" refinancing of the mortgage. Under the new agreement, the conditions will be more acceptable. The conditions include:

• The maximum crediting period is 25 years, if the pledge is provided by the property, and 15 years with the non-purpose mortgage;
• The minimum period is one year;
• A loan is granted in rubles;
• There are no commissions for consideration and decision-making;
• Collateral serves as collateral;
• The funds are transferred to the account that was opened to the client for these purposes.

Betting

Refinancing in Raiffeisenbank is carried out at a rate the amount of which depends on the purpose for which the previous amount was issued. The percentage may differ for all borrowers - everything is determined by whether they are regular customers.

In Raiffeisenbank, mortgage refinancing is carried out from 11.9% until the loan is registered with the bank. Then the rate drops to 10.9%. If the loan was not targeted, then the rate will be from 17.25% per annum. If the agreement was signed 45 days after the approval of the bank, the client pays a 0.25% interest. Therefore, it is better not to delay this.

Amount

The maximum and minimum for the amount is established on the basis of the balance of the debt that was granted. Raiffeisenbank offers to take up to 26 million rubles. The minimum amount depends on the balance to pay the mortgage.

Calculator

Should I refinance my mortgage in Raiffeisenbank in 2017? It all depends on the type of loan, but first you need to settle with an online calculator, which is on the official website of the bank.

It is necessary to fill in the data on the amount, interest and timing. Using the calculator, you will be able to calculate the amount of payment. This will determine how much the amount will be less if you use the help of the bank. Also it will be possible to establish the size of overpayments.

Design Features

When borrowers are not satisfied with the terms of the current loan, there is a way out: refinancing in Raiffeisenbank. You can consult personally or by phone. The specialist will answer all questions, with the help of e-mail you can send copies of documents. Or deliver them personally to the nearest office.

When considering an application, bank employees can contact the client to clarify the information they are interested in. Sometimes, the borrower is required to submit additional documents, increase the first payment, close the existing loans. There may be requests for acceptance of other terms and amounts of credit. The client should not hurry with the answer, as you can think about this, and then make a decision.

The application is considered 2-5 working days. At this time, the borrower's solvency is assessed, additional information is specified, documents are checked. If the answer is positive, the bank employee notifies the client about it, and also tells what documents are required. If the refusal is notified of the reasons for disapproval.

What will happen next?

Then the date of signing the document is agreed. The day before, the manager contacts the borrower. Then you need to pay for the notary's work to certify the documentation.

When the contract is signed, the amount is transferred to a personal account with the bank and the lender. Registration of collateral is carried out for about 60 days, when the property passes under the security of the bank. The client pays for registration and state duty, insurance.

Documentation

To refinance in Raiffeisenbank, you need to collect the following documents:

• Statement denoting the purpose of refinancing.
• Copy of the pages of the client's passport and co-borrowers.
• Income statement.
• Copy of work book.
• Property rights.
• Copy of the mortgage agreement.
• Copy of the charter.

Requirements

Loan refinancing in Raiffeisenbank will be possible if the requirements are met. The client's income must be at least 15 thousand rubles, and for some regions - 20 thousand rubles. And the co-borrowers this figure is reduced to 10 thousand rubles. Co-borrowers can be spouses, relatives, if their property serves as a loan security.

The requirements include:

• Age from 21 years, and at the time of payment - no more than 5 years;
• Citizenship of the Russian Federation or another state;
• Residence and work in the region where the bank is located;
• Registration in the region;
• Work experience of 6 months in the last job, and a total of 1 year;
• Presence of telephone;
• Positive credit history and no more than 2 unpaid loans in Raiffeisenbank or other organizations.

Requirements for security

It is necessary to have a pledge before applying for refinancing a mortgage in Raiffeisenbank. The testimonies indicate that there are requirements to the property that serves as collateral. The Bank has determined the list of regions where real estate can be located.

The pledge must meet the following requirements:

• Provision is real estate, as under the previous agreement;
• The property must not be encumbered except for the creditor bank;
• Legal registration of the property right;
• Payment of previous obligations is carried out after registration of transfer on the security of the object;
• Property should not be used by third parties.

Only if the above rules are met will it turn out to refinance in Raiffeisenbank. The testimonies testify that there are still requirements to the size of the living space, the location of the apartment, the house, their condition, liquidity.

Payment

If the service is issued, the loan is paid in equal installments. Their amount is determined by the amount of funds issued, the term, interest. Therefore, for each client, it will be different. You can make money through the bank, ATMs, plastic cards. The same rules apply as for a normal loan.

Early payment is carried out without additional commissions, you just need to apply with the application after making the necessary amount. After this, it is necessary to remove the encumbrance from the pledge.

You can make payments in the same way as with a normal loan. There are options for transferring funds without commission, for example through ATMs. Through them, payment is quick.

Consumer credit

Loan refinancing in Raiffeisenbank for individuals is possible if a consumer loan has been issued. The service is issued for 1-15 years. Such an offer is valid for different purposes, except for business purposes. The money is issued on the security of real estate, issued in the ownership of an individual.

There is an opportunity to apply for a loan at 17.25 percent if the client is a salary. Such a rate is approved after registration of the pledge. Prior to this, the minimum indicator is 18.25 percent.

Car loans

Raiffeisenbank performs refinancing of loans from other banks also in the event that a loan was issued for the purchase of a car. The service is available to individuals. Information about it is on the official website of the bank. Depending on the type of car, the rate will be 17-18 percent. The service will be available only when the vehicle is registered as collateral for the transaction.

Currency Mortgage

Although many loans are issued in rubles, refinancing a loan in Raiffeisenbank for individuals can be performed to pay off the debt in foreign currency. It is only necessary to comply with the requirements that apply when making a regular transaction.

Overpayment for currency mortgages may differ. The rate will be 10.5-12 percent. It must be remembered that the service is processed in the event that the principal loan was registered with Raiffeisenbank. For loans issued in other organizations, the option is not provided. Its purpose is to change the loan currency within the bank.

Customer opinion

Among the majority of the bank's customers, you can find many positive reviews about the service. It really helps at a difficult moment, you just have to act decisively. It is advisable to apply for refinancing when a difficult financial situation occurs, and not when there are many delinquencies. After all, then fines will be charged, besides, there can be a refusal.

A lot of borrowers make out a service to reduce the amount of payments in order to have enough money to live. People are happy with the possibility of calculating payments. But the specific conditions can be found in the bank when applying.

On the websites there is a lot of feedback about the fact that customers of banks make unfavorable loans. They receive large overpayments. Then the way out is refinancing.

Advantages and disadvantages of refinancing

Refinancing assumes that the client receives more favorable conditions than those on which he received a loan earlier.

The advantages of the service include:

• Quick examination of the application;
• Consultations with the manager by phone;
• High probability of approval;
• Assistance at all stages;
• profitable terms;
• Reduction of payments and increase in the period;
• Change of foreign currency to national currency.

The minuses include:

• Collection of borrower's documents, guarantors, as well as real estate;
• Expenses for the evaluation, work of a notary, registration;
• At early repayment in the previous bank can be fine.

According to the reviews, it is evident that many liked the refinancing service, because it allows improving the financial situation. With him, there is an opportunity to reduce the payment or increase the period. This will be a great help to people with a difficult financial situation. Employees of Raiffeisenbank advise borrowers on all issues, so there should not be any difficulties with registration.