Is refinancing carried out at Sovcombank?

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

Thanks to the development of the credit market, the service of refinancing loans is becoming more and more popular. Bank customers use it for various reasons. Some want to get a low rate, while others want to pay one loan instead of several. Refinancing in "Sovcombank" allows to solve these problems. Read more about the service in the article.

Features

The service is different from a regular consumer loan. To apply for refinancing, the borrower, in addition to the standard list of documents, must submit to the selected bank:

• Copies of contracts.
• Information about debts.
• Paper about the absence of violations of the loan agreement.
• Bank details.

A new financial institution evaluates the borrower according to the data provided. They calculate the amount of debt, determine the possibility of payment by the client of funds on changed terms. FROMWith a positive result, the client can apply for refinancing. But no money is paid to him. Under special conditions, the loan is being refinanced at Sovcombank.

The new bank independently transfers the amount needed to close the contract to the former creditor. The borrower only needs to obtain consent from the old institution to close the debt, and also submit it to the refinancing bank. Is it possible to refinance a loan at Sovcombank? The service is provided only if there is an existing debt in this institution.

Financial Institution Offers

Sovcombank does not refinance loans from other banks. Officially, there is no such program in this institution. But regular customers can get a regular loan by choosing a suitable program, and then transfer funds to pay for open loans. The service is profitable:

• For pensioners who receive income from this bank.
• Working people who get paid.
• Wishing to combine loans into one at a small percentage.

Customers receiving payroll and pension funds can achieve a reduced rate of up to 5% on the original terms. It is beneficial to apply to Sovcombank for those who have a loan issued there. They can conclude a contract on favorable terms, while paying off the old money debt.

Requirements

The bank has the same requirements for all customers:

• Citizenship of the Russian Federation.
• Age -20-85 years old.
• Minimum 4 months of work experience.
• Official registration in the city of registration.
• Availability of a landline phone.

For official work, clients must provide the manager's number. Pensioners can give a home phone. Most loan products do not have additional requirements, but with a loan of 150 thousand rubles, additional insurance coverage may be required.

Design difficulties

Since Sovcombank does not refinance loans from other banks, only clients of the institution can apply for such a service. This service will look like the execution of another loan. This means that at the time of application, the borrower must show income that will be enough to pay for the issued and new loan.

When refinancing in Sovcombank, the amount of income is compared with debts. In this case, it is important to confirm solvency. To do this, you must provide a certificate of 2-NDFL. The terms of refinancing at Sovcombank do not imply the presence of guarantors. It turns out that only the income of the borrower will be assessed.

How to avoid complications?

To increase the chances of transferring a loan to Sovcombank, it is advisable not to apply through the institution's website, but to contact the office. It is necessary to prepare documentation about loans that you want to refinance. You will need loan agreements and statements of debt. You need to explain to the manager whyneed to take out a loan. It should be clarified that your income is not enough to pay the existing debt.

If you have already had to cooperate with Sovcombank or receive a pension or salary through it, then an acceptable decision will probably be made. If it is impossible to resolve such issues through the manager, you should contact the head of the department.

Payment Methods

Payment of the issued loan can be carried out in several ways:

• Cashier. Transfer is carried out in each branch of the bank, and no commission is charged for this.
• ATM. Funds are credited in a few minutes without commission.
• Checkouts and ATMs of partner institutions. A commission of 0.8% of the total payment amount is charged.
• Bank card. With the provision of a loan at Sovcombank, a client can get a card. Funds are credited without commission in a few minutes. But for annual maintenance, it is charged from 700 rubles.
• Payment terminals. Money is credited quickly, but the commission can be up to 2% of the amount.

The above payment methods are the most common. Each customer can decide which one to use.

Mortgage refinancing

Refinancing in Sovcombank is carried out with conventional loans. You can't do this with a mortgage. Sovcombank issues funds for new buildings, but it does not work with the secondary market. In addition, officially this service is not there.

A feature of a mortgage is the pledge of the borrower's apartment. With refinancing, the institution transfers the mortgage to the new organization along with the debt. It is important that the new bank works with the same real estate as the object of the transaction. With a mortgage loan, it will not be possible to issue a new mortgage on the same object in order to pay off the old one. It works with consumer loans.

Thus, refinancing in Sovcombank is carried out according to special rules. If desired, you can reissue the loan to a more profitable one. Then it will be possible to pay it faster and with a smaller overpayment.