Bank "Opening" - refinancing of consumer and mortgage loans: conditions, reviews

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

Very often, after applying for a loan, many borrowers have difficulty with the timely repayment of debts. In this case, banks have developed a special refinancing program. Thanks to this service, you can take a loan from another financial institution and pay off your previous debt.

One of the most popular credit companies for on-lending today is Otkritie Bank PJSC. Although this service has appeared in it relatively recently, today it is very popular among borrowers. Thanks to this program, citizens can reduce the interest rate, or significantly reduce the monthly payment, increasing the term of the loan itself. It is worth considering all the nuances of this offer.

Are there opportunities for internal on-lending at Otkritie Bank PJSC?

It is quite reasonable that customers do not want to run to several banks at once to apply for a loan. Of course, it is much more profitable to apply to the same financial institution in which it was already possible to apply for a loan before. If we talk about Otkritie Bank, mortgage refinancing orconsumer loans in this organization is possible in the same branch where the previous loan was taken. It all depends on individual conditions.

In some situations, the bank is really ready to make certain concessions for its customers. This means that the borrower has the right to receive another type of loan to pay off the previous loan.

However, there is a high probability that refinancing at the branch of Otkritie Bank will be denied. This, first of all, concerns those cases when borrowers do not adhere to the payment schedule or have not made a single payment on account of the debt at all. You can also get rejected for a number of other reasons.

In order to clarify whether it is possible to obtain this type of loan, you need to contact the Otkritie Bank branch and talk with the manager. You can also contact a specialist by phone. He will provide all the necessary information on the possibility of obtaining funds.

Refinancing a mortgage at Otkritie Bank

In this case, citizens can count on loans that are provided for a period of 5 to 30 years. The payment amount can range from 500 thousand rubles to the maximum possible amount, depending on the specific region. In Moscow and St. Petersburg, borrowers can count on the largest loans in the amount of up to 30 million rubles. If a citizen of the Russian Federation lives in another region, then the maximum possible limit for refinancing the mortgage of other banks to individuals in Otkritie Bank is 15 million rubles.

It is most profitable to issueloan, if the down payment was up to 70% of the final cost of the object. However, this issue also has many nuances, since it all depends on the location of the chosen living space. It is also worth considering that the amount of the second loan should not exceed the balance of the debt on the previous loan.

The housing itself is indicated as collateral for refinancing in Otkritie Bank. If we talk about the interest rate, then today it is 12%. It is also worth considering that citizens aged 18 to 65 can apply for such a service. At the same time, it is necessary to provide documents confirming that a person has been working at the same workplace for the last 3 months.

Conditions for refinancing a consumer loan

If we talk about a loan of this type, which is provided to individuals for the purchase of smaller products, then it is worth highlighting some conditions.

The amount of a loan that customers can receive by refinancing loans from other banks at Otkritie Bank ranges from 50 thousand rubles to 1.5 million. At the same time, the borrower can repay the debt within a period of 6 to 5 years.

The main advantage of this program is that it is not necessary to involve guarantors or co-borrowers. However, if the client wants third parties to take part in receiving funds, then he can execute such a deal.

An important condition for obtaining a loan refinancing at Otkritie Bank is the fact thatthat the previous loan agreement must contain a line stating that this type of loan involves early repayment without any fees.

Also an important requirement is that the money is issued exclusively in the national currency. If we talk about the interest rate, then it ranges from 14.5% to 24.5%. To clarify a more accurate amount of the overpayment, you need to contact one of the offices of Otkritie Bank. The interest rate is calculated individually for each client. In addition, the amount of the overpayment directly depends on the period for which the loan was issued, as well as on the amount of debt under the previous agreement and many other factors.

Refinance Application

In order for customers not to have to spend a lot of time visiting the office of Otkritie Bank, a very convenient system was developed. To apply, just go to the official website of the financial institution and fill out the appropriate form.

Thanks to a clear interface, the entire procedure takes a minimum of time. After that, the client just needs to wait a few days until the bank makes a decision on his issue. After this time, the manager calls him back and informs him whether the client can receive refinancing.

Benefits

Borrowers who have already applied for refinancing at Otkritie Bank drew attention to the many advantages provided to customers of this bank. First of all, they noted that citizens of the Russian Federation can significantly reduce the amountoverpayments on the previous loan, if a commission of 2.5% of the total loan amount is paid in a lump sum. However, the minimum payment should be from 20 thousand rubles.

Also, the bank has the opportunity to confirm your income. And in this case, the client can provide a certificate in the form of 2 personal income tax or on the letterhead of the bank itself. In this case, there is also a high probability that the interest rate will also be reduced. In addition, many paid attention to the loy alty of the program, since citizens of the Russian Federation over the age of 18 can get a loan.

Flaws

However, the refinancing of Otkritie Bank was not without its drawbacks, which was noticed by borrowers who issued loans. First of all, they noted that the interest rate fluctuated too much depending on whether the client confirmed his income or not. If he decides to provide a document on his financial condition in the form of a bank, then in this case the overpayment increases by 0.25%.

In addition, many noted that the bank may refuse a reduced overpayment without explanation. Also, private entrepreneurs drew attention to rather unfavorable conditions, since for them, according to this program, the percentage of overpayment increases by 1%.

How to get refinancing?

This procedure is maximally simplified. The process of applying for refinancing at Otkritie Bank takes only a few minutes if a person applies directly to a branch of a financial institution. At least that's what it saysadvertising. However, in reality, it usually takes at least 2 days for a loan to be approved. On the other hand, in similar organizations, such a procedure can take from 1 week to 10 days.

If we talk about documents, it is enough to provide an internal passport of a citizen of the Russian Federation and any document that can additionally confirm the identity of the borrower. As already mentioned, previously confirming your employment for employment is not at all necessary, but it is recommended in order to lower the interest rate.

Refinancing cost

If we compare Otkritie Bank with its main competitors, this financial institution wins due to a fairly wide range of interest rates. The minimum cost of refinancing can be up to 17.9%, and the maximum is up to 33% per annum. It is worth noting that it is impossible to clarify in advance the exact amount of the overpayment using only the tools of the bank's website. All applications are considered exclusively on an individual basis. Therefore, you will have to visit a bank branch and personally talk with the manager of a financial institution.

Features of refinancing

Since this program appeared in the bank relatively recently, today it is not available in some regions of Russia or it works in test mode. In order to apply for an on-lending, you can go in 2 ways: lower the interest rate or reduce the amount of the monthly payment, due to an increase in the loan repayment period. The interest rate willknown to the borrower only after consideration of the application. However, this does not obligate him to anything. The funds are transferred to the borrower only after the signing of the relevant loan agreement.

Why can they refuse to refinance?

This practice, though not common, but still takes place. If we talk about the most common reasons for refusal in a bank, then it is worth highlighting a few of the most common mistakes that borrowers make.

Some provide an incomplete list of documents, which makes the bank suspicious that a potential client wants to hide something.

Also, loans are rarely given to those who have a too low level of solvency or there are delays in previous payments. Also, you should not count on refinancing for those who have too little time to repay a loan on a previous loan. Of course, the owner of a bad credit history also does not make sense to apply to this financial institution.

In all other cases, this service at Otkritie Bank is distinguished by favorable conditions.