Refinancing at Post Bank for individuals

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Refinancing a loan is a good financial instrument. But only if you approach this process correctly, that is, calculate the options in advance, choose the best program and bank. An active marketing policy at Post Bank offers favorable conditions for individuals in Russia. The declared rate for on-lending here is from 14.9% per annum, with the possibility of recovering part of the interest paid. But is this offer as profitable as it seems at first glance? Let's try to figure it out.

Refinancing is a financial service that allows you to transfer loan obligations from one bank to another with the most favorable conditions.

On the first of August of this year, Post Bank reduced interest rates on refinancing programs for loans taken from other banks. Funds began to be provided to borrowers at rates ranging from 14.9 to 19.9% inyear. Clients have the opportunity to improve the terms of their loans in other banks, as well as receive additional cash if necessary. In "Post Bank" you can refinance various types of targeted and consumer loans.

More favorable interest on loans

Thanks to refinancing at Post Bank, you can transfer a loan to this organization to receive more favorable interest and conditions. This allows you to reduce the amount of the payment and thus reduce your credit burden.

Thanks to on-lending, it is possible to reduce the payment in the following ways:

• Reducing the rate. With the passage of time, in the presence of great competition in banks, interest decreases more and more. This allows you to currently find the most favorable rates, compared to those at which the loan was issued before.
• Increase the term. The payment can be reduced by taking out another loan for a longer period.

In accordance with the new agreement, money is being transferred from the account of the current creditor to the new account.

How many loans can be pooled?

As part of the refinancing of a loan at Post Bank, you can combine up to four loans issued by other banks, while the conditions will be more favorable. The maximum loan amount is one million rubles. In addition, special conditions are provided to pension banking customers. Atthey have the possibility of obtaining a loan at 14, 9, 16, 9 and 19.9% per year, while the loan amount increases from one hundred and fifty to two hundred thousand rubles.

The benefits of this on-lending program

Is it profitable to refinance at Post Bank? It happens that a loan issued earlier becomes unaffordable for the borrower, and he is forced to revise his agreement with the bank. In the case when the lender does not agree to meet him halfway and offer comfortable and favorable conditions for restructuring the loan, then the only way out is refinancing in another bank.

There are many advantages to refinancing loans from other banks at Post Bank. This service gives borrowers the following opportunities:

• reduce annual lending rate;
• change the monthly payment for the better, that is, reduce it;

• combine several types of loans at once into one loan (up to four are allowed), which are taken from different banks;
• get additional funds on credit in addition to the debt taken for personal needs.

Refinancing terms

Now refinancing at Post Bank is carried out on the following terms:

• The interest rate under this program for individuals is from 14.9 per year;
• loan can be from fifty thousand to one million rubles;
• on-lending can have a period of twelve to sixty months;
• there is the possibility of combining into one loan at oncefour loans taken from other banking institutions;
• the client has the right to terminate his loan early.

Regarding large amounts, the interest rate in 2017 is 16.9%. Mortgage refinancing at Post Bank is not carried out.

What are the requirements for a potential borrower?

To take part in the program, you must meet all the requirements that the bank imposes on the borrower. First of all, you need to comply with conditions such as:

• the borrower has Russian citizenship and permanent residence at a specific address;
• consumer age from eighteen;
• official employment;
• no defaults on previous payments by the borrower;
• work experience at one enterprise for at least six months;
• steady income.

Documents

In order to send an application for refinancing a loan at Post Bank for individuals, the client needs to collect the following documents:

• passport of a citizen of the Russian Federation;
• TIN of the employer, and in addition the SNILS number of the borrower.

After a positive decision is received on the application, it is required to provide documents containing information about the refinanced loan:

• time of agreement;
• contract number;
• name of banking organization;
• customer account number;
• Bank BIC;
• Amount of loan received at the time of conclusion of the agreement.

What requirements must the loan meet?

Not all types of loans are subject to refinancing at Post Bank. There are a number of specific requirements for a loan that will allow it to be reissued in the future:

• the loan must be consumer or provided for the purchase of vehicles, that is, a car loan;
• the client who draws up on-lending must not have debts and delinquencies on the current loan amount;
• checking the history of making payments; it is necessary that the borrower does not allow himself to repay the loan untimely for at least six months;
• must be over three months before loan agreement expires;

• mortgage or consumer credit should not be issued by financial companies owned by VTB Corporation;
• loans must be issued only in Russian currency, that is, in rubles.

If the consumer complies with all the requirements listed above, then he can confidently count on concluding an agreement with Post Bank on refinancing a consumer loan.

How do you apply for a refinance?

There are two ways to apply: at the office of the organization in person or via the Internet.

Filling out the online form, the user must provide the following data:

• amounton-lending;
• refinancing period;
• first name, middle name and last name;
• passport details;
• contact information (cell or home phone);
• income level and other requested information.

In closing

As soon as an individual sends an application for refinancing loans in the Post Bank of other banks by an individual, it remains only to wait for the decision the organization makes on it. Most often, online applications are processed quite quickly - within one business day, after which a bank employee contacts the client and reports the result. If the answer is positive, the client needs to come to the bank branch at the appointed time with all the necessary documentation and conclude a new contract, after which Post Bank becomes the creditor of the individual, and its task is to pay off the consumer's old debts. And the client's task is to follow the schedule and make payments under the refinancing agreement.