Refinancing a loan, Alfa-Bank: conditions, reviews

The loan agreement implies a long-term cooperation of the client with the bank. However, at some point the financial position of the borrower may change, because of which the payment of debt becomes more complicated. Many people lose their jobs, but they can not agree with the bank on the deferred payment. But there is a way out - refinancing of the loan in "Alfa-Bank", the conditions of which are presented in the article.

The concept of

Refinancing a loan in Alfa-Bank or on-lending is an opportunity to solve a problem with a bank whose loan is difficult to repay. This is a new loan with smaller payments and a longer period of the contract.

The essence of the procedure is that another bank will pay for the customer's credit. He concludes a new agreement with the borrower, which will be followed by a favorable interest. Not all credit institutions offer such a service. Do not delay with the solution of the problem. We must act as quickly as possible.

The difference from the restructuring

Refinancing is different from the restructuring of the loan. Last service assumes change of the size of the credit, term, the rate and other conditions of the contract. It turns out that the client needs to visit the bank, write a statement, for example, about increasing the crediting period. The application will be considered by the bank, after which a decision will be made on the restructuring of the loan. As a result, a new payment schedule will be issued, a new amount, but the contract will be the same.

When refinancing a new contract is concluded. Subjects of the agreement also change. This is due to the fact that the procedure can be performed in the same bank or in another. But banks do not practically refinance their own loans, as it is unprofitable for them. Therefore, clients should apply to credit organizations that work under special programs. Alfa-Bank provides such services. These programs have different conditions and requirements for borrowers. Therefore, you first need to familiarize yourself with them before choosing any service.

Conditions

With material difficulties, refinancing of the loan in Alfa-Bank will help. Its terms are as follows:

1. The loan is issued in rubles.
2. The contract can be executed for up to 25 years.
3. Sometimes you need a deposit. Everything depends on the amount of debt.
4. Clients can be residents of the Russian Federation from 21 years.

The decision on the application is made by the bank solely. The client may receive a refusal if the requirements are not met.

Online application

There is an opportunity to apply in online mode, which will save time. In the questionnaire you must specify name, phone number, address, amount. After considering the application with the client, the bank specialist will contact. If the decision is positive, then you will be asked to visit the bank to arrange a loan.

Decor

Solve the problem with the loan right away, until the creditor was not given information about delinquencies in the bureau of credit histories. Then refinancing of the loan in "Alfa-Bank" is unlikely to work out. For example, you should apply for on-lending with loss of employment or income reduction, when it will be difficult to pay large amounts.

For detailed advice on your situation, you should contact the bank, where you can fill out a questionnaire. If this option is not available, then you need to use the Internet. The application can be left on the bank's website. Its consideration is carried out quickly.

How is the procedure performed?

Refinancing a loan in Alfa-Bank for individuals has some special features. First you need to apply to the institution where the loan was obtained. The bank must provide the borrower with a written response. Even if it is negative, it must be given to a new creditor. Then you should send an application for refinancing a loan to Alfa-Bank.

With a positive decision, the borrower and the new creditor sign the contract. The funds are transferred not to the client, but to the bank where the debt operates. The borrower will be a client of Alfa-Bank. He will be given a new contract with his payment schedule.

Requirements

In case of difficulties, please contact Alfa-Bank. Refinancing of consumer credit and mortgages will be carried out after acquaintance with the situation of the borrower. The bank presents stringent requirements to borrowers. It is important to have a positive credit history. In this case, the following requirements to the client should be taken into account:

• Absence of prepaid loans in other organizations;
• Age from 21 years;
• No debts to other banks;
• Presence of permanent work;
• The existence of property that can be made collateral;
• Availability of Russian citizenship and registration in the region of treatment.

The same requirements apply to other banks.

Terms and rate

On different terms, refinancing of loans in Alfa-Bank is carried out. The interest rate, the maximum amount depends on various factors. For example, to pay a consumer loan issued up to 1.5 million rubles at 12.2%. Such conditions apply to salary customers.

Alfa-Bank provides refinancing of a mortgage loan. The minimum loan amount is 600,000 rubles. At registration of the service the balance on debt should not be above 85% from the price of the real estate. The maximum amount that the bank can provide is 60 million rubles.

The rate is determined by the term of the loan, the amount of the loan, the value of the real estate. For salary customers, the rate is 11.25%, and for the rest - more than 0.25%. The smaller the loan amount, the more the estimated value of the object and the shorter the crediting period, and also the lower the rate. The maximum is 19%. In order to receive refinancing of a loan from Alfa-Bank, it is necessary to arrange life, health and collateral insurance.

Documentation

It is necessary to prepare the documents before contacting Alfa-Bank. Refinancing of the loan in cash and other loans will then be fulfilled. Customers must provide:

• passport;
• Certificate of ownership;
• INN;
• Certificate of income;
• Work record book;
• Credit agreement;
• Refusal of another bank to refinance;
• Certificate of the balance of debt.

Documents must be submitted to the bank when the application is submitted. After their consideration, a decision is made, that is, the rate and term of the loan is set.

If the decision is positive, refinancing is carried out. "Alfa-Bank" pays the debt in the previous bank. And the client remains to take a certificate of account closure, termination of the contract. The new lender must pay on the drawn up schedule in any convenient and accessible way. Customers have the same opportunities as ordinary borrowers, so they are available for credit holidays.

Term

The crediting period is determined by various factors:

• Purpose of the loan;
• Financial soundness;
• The balance of the loan;
• Age.

Now in "Alfa-Bank" there is an opportunity to issue refinancing for a period of up to 25 years. The minimum period is 5 years, while individuals can fulfill their financial obligations ahead of schedule.

Loan reception and servicing

After the transfer of funds in the old bank, the borrower must take a certificate of debt closure. After registration of the service from the new lender, you can expect:

• Increase rates after a few years;
• Opening a loan holiday, which can last several months;
• Extension of the term of the loan with financial difficulties.

Payment Methods

After registration of refinancing, it is necessary to make payments each month, established by the contract. Individuals receive payment schedules, in which amounts and terms of payment are indicated. Clients of Alfa-Bank can increase the amount of payments, which will make it possible to repay the debt ahead of schedule.

To perform financial settlements with a financial institution, you can choose any convenient method of payment:

• Card (you can install auto payment);
• Terminals;
• Electronic payment systems;
• Cash offices of financial institutions.

Features of the transaction

Refinancing attracts people with favorable conditions. This is indeed true, but it is necessary to know some of the nuances in order to successfully conduct a transaction. The service is convenient if less than half of the debt amount is paid. The reason for this is that many banks offer annuity payment schemes: equal payments consist of most of the interest at the beginning of the period with the increase in the share of the principal debt to completion. Many borrowers do not pay attention to this, since it is convenient for payment. But here the credit part is not greatly reduced, and interest is charged on it. Sometimes it is more profitable to leave a loan in a former bank.

Before refinancing, you need to know what the interest will be recalculated. Also it is necessary to specify, whether there will be penalties for early payment. It is desirable to make a transaction before the payment period. It should be borne in mind that it will be necessary to arrange insurance, and this leads to additional costs.

Refinancing is really beneficial, because it helps to solve many problems. But only with a careful analysis and calculation of benefits will get the right decision, as well as save money.

Reviews about the service: pros and cons

Refinancing is a profitable proposition, especially for customers who have not been able to borrow from another bank. The main advantage of the service, according to numerous reviews, is a short period of application review, prompt resolution of the issue, release of the borrower from excessive contributions. Clients of Alfa-Bank receive low rates. The organization works with borrowers of retirement age, offering acceptable conditions for them.

The disadvantages are that the bank does not work with customers who have overdue debts. If loan payments have not been made for several months, on-lending will not be possible. "Alfa-Bank" does not work with customers who repaid loans ahead of schedule. This information comes from the credit history.

Thus, refinancing will be an excellent help to borrowers who have loans in other banks. With the service, you can reduce interest or reduce payments. The main thing is to apply for help in a timely manner.