Which bank has the lowest interest on loans, mortgages, refinancing?

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

Currently, consumer lending is one of the most popular banking services for the Russian population. In order to reduce their own costs, a number of borrowers are looking for bank programs that can offer the lowest loan interest.

Any client's request is considered by the bank on an individual basis. At the same time, the lender evaluates everything: a person’s age, employment, marital status, income, whether he owns transport or real estate, existing debts, etc. All this is called scoring.

Let's figure out which bank has the lowest interest.

What determines the loan interest?

Credit interest is determined by the influence of many conditions, for the most part it depends on the amount requested by the client and the time of return, on the presence of a guarantor or collateral. If the latter are available, then the rate will decrease, and the first two points directly increase it.

How to choose a bank with the best interest rates? First you need to understand exactly what amount is required and for what time period. If a client needs a small loan, from one hundred to one hundred and fifty thousand rubles, then almost every bank can issue it without any problems. You will only need to confirm your income using a certificate in the form 2-personal income tax.

Which bank gives the smallest percentage is of interest to many.

Additional documents

If an amount in the region of five hundred thousand rubles is required, then the client will need a copy of his work book and a number of additional documentation: these can be SNILS, passport, TIN, PTS, etc.

When a person counts on a large loan of five hundred thousand rubles or more, he must provide the bank with security in the form of a pledge of a car or real estate, or by attracting a guarantor. If such conditions are not met, then the organization will immediately refuse the client.

It is important to find out in advance which bank has the lowest interest.

Offers from banks

As soon as a person is determined with the amount of money he needs, he must study all the banking companies available in the city. This is done quite simply, you just need to drive in the search bar of any browser a request for loans in banks of a particular city. Already from the first links it will become clear which companies are nearby, as well as what conditions they offer.

Also, you can try to applyapplications to the following banks:

- "Renaissance Credit" - from 18.9% per annum;

- "Eastern" - from 15;

- Tinkoff - for fifty-five days - 0%;

- Alfa-Bank - also 0%, but for sixty days;

- "OTP Bank" - from 14, 9;

- "UBRD" - from 15;

- "SKB-Bank" - from 19, 9;

- Sevcombank – from 12.

Consumer loans are best taken from the following organizations.

Orient Express Bank

It is worth contacting here for those clients who want to receive a large amount by providing a property they own as collateral. The maximum loan amount can be up to fifteen million, the beginning of the interest rate is from ten per year. You can sign a contract for up to twenty years. In this case, you need to confirm your income without taking into account commissions.

Sovcombank

Has a rate of twelve percent per annum, the most advantageous offer is "Money", intended for pensioners. No more than one hundred thousand rubles can be approved here. Refunds must be made within one year. Determining which bank has the lowest interest can be difficult.

For proposals with a guarantee in Sberbank of Russia, the rate starts from 12.9 percent per annum. The client can borrow funds in the amount of up to three million rubles, while the maximum loan period is not more than five years.

Forcertain categories of clients, including state employees, are offered interest rates from the Bank of Moscow, starting from 15.9 per year. Large amounts up to one and a half million are approved up to sixty months.

VTB 24 has the possibility of obtaining a loan called "Quick", fifteen percent per year, the maximum amount is up to one million rubles. Lending is carried out for a period of six months to three years, the smallest amount is one hundred thousand. Which bank has the smallest loan percentage is not an idle question.

Loan without collateral and guarantee

Without guarantors and collateral, a loan is possible:

- at Renaissance Credit;

- in Russian Standard;

- at Alfa Bank;

- to UBRD;

- at OTP-Bank;

- at Oriental Express Bank.

Credit cards are the most profitable to take in the following banks:

- Sberbank - from 25.9 percent per year;

- VTB 24 - from 28 percent;

- "Russian Standard" - from thirty-six percent.

If the client has a damaged credit history or he does not have official employment, which can be confirmed with the help of certificates, then you should choose options for obtaining loans in such companies that work remotely via the Internet. Such organizations include "Touch Bank", "Tinkoff Bank", "Interactive Bank", etc., sending credit cards by mail.

In addition, there is also the possibilityapplying for help to microfinance organizations.

Next, find out which bank has the smallest mortgage percentage.

Favorable mortgage

The most profitable mortgages are offered in banks such as:

- Sberbank of Russia;

- VTB 24;

- MKB;

- Absolut Bank;

- Loko-Bank.

Other organizations offer higher interest rates. However, this does not mean at all that it is unprofitable to take a mortgage in them. The fact is that there are a large number of important factors. So, interest can act as a bait, and after signing the agreement, you will need to pay additional fees and commissions.

Which bank has the smallest loan interest, we have determined. What's next?

Ways to reduce interest on a loan

There are a number of conditions through which customers can get better deals:

- availability of property secured;

- salary or other card of the bank where the loan is issued;

- good credit history;

- certificate of income with the receipt of large amounts over time.

Banking websites are constantly updating information, including also loan interest. If today they are low, then tomorrow they can grow, so you need to constantly monitor the relevance of information on the websites of the banks of interest to the client.

Not everyone knows which bank has the lowest mortgage interest.

Refinancing

Recently, many borrowers have become interested in the issue of refinancing loans. This is due to the fact that either the loan was taken on not the most favorable terms, or the borrower's financial situation has now changed. In this case, it is possible to refinance the loan.

Here are the five best banks where you can carry out on-lending:

1. VTB Bank of Moscow. It is a state-owned bank, and therefore has very favorable credit rates. In addition, it offers the best conditions and low interest rates not only to representatives of the public sector, but also to clients of other organizations that work in various fields. Which bank has the smallest percentage of refinancing is often asked.
2. One of the best conditions for refinancing is noted in Alfa-Bank. This credit institution is developing rapidly, and it seeks to get more customers, and therefore offers good conditions for refinancing. It is worth noting that the minimum rate here starts from 11.99 percent per annum.
3. A profitable on-lending program for Muscovites is available at Interprombank. Residents of Moscow aged from eighteen to seventy-five years old can leave an application. Thus, the program also applies to pensioners.
4. Tinkoff Bank currently has a unique program that no other Russian bank has. Its essence lies inthe fact that when you draw up a card here and approve the necessary limit, you can absolutely free of charge repay this amount of debt in another organization (microloan, loan or credit card). The undoubted advantage is that no interest will be charged on the repayment of the debt to another bank for four months.
5. "SKB Bank" provides refinancing for all customers with a positive credit history, including pensioners. The advantage is the ability to attract a co-borrower, which increases the lending limit.

We found out which bank has the lowest interest.