How to reduce old debts: an overview of loans for refinancing. Was the page helpful to you? What it is
Nowadays, it is quite difficult to meet a person who has never taken a loan. And why refuse when almost everything is provided on credit - household appliances, clothes, housing, cars, various services. But when applying for a loan, few people think about its true value.
Understanding comes with the first payments. And sometimes it turns out that the interest is too high, the repayment period is too short, the payment schedule is inconvenient and, in general, the loan becomes quite a burden. In such a situation, the best solution is to refinance the loan.
What it is
The main purpose of refinancing loans is to reduce the amount of overpayment or to acquire more favorable loan terms. In fact, refinancing is the issuance of a new loan to pay off an old loan, but on more favorable terms.
Benefits, however, do not only mean lower interest rates. When refinancing, the loan term, payment schedule, and payment procedure may change.
Who can refinance a loan? As a rule, the requirements for the borrower when refinancing are standard:
- compliance with age standards (depending on the bank);
- the presence of a permanent place of work with official employment;
- a stable level of income;
- sufficient work experience;
- positive credit history.
But in addition to the main parameters, a number of additional nuances are taken into account when refinancing. In particular:
- recently received loans are not refinanced, the absence of several consecutive payments does not allow drawing conclusions about the responsibility and solvency of the borrower;
- there should be no delinquencies or current debts on the refinanced loan;
- there should be no prohibition on early repayment of the current loan or there should be the consent of the bank;
- the amount of the new loan usually does not exceed the amount of the total debt on the refinanced loan, although exceptions are possible.
The usual refinancing scheme looks like this:
- A potential borrower applies to a bank offering loan refinancing and provides documentary evidence of his solvency. At the same time, data on the refinanced loan is provided.
- The bank considers the appeal and makes its decision.
- If approved, the borrower provides the necessary documents, the consent of the creditor bank for early repayment, if necessary, collateral is provided or guarantors are involved.
- After the execution of a new loan agreement, the funds are transferred to pay off the old loan or are issued to the borrower.
It is noteworthy that some banks can refinance their own loans, while others refinance only third-party loans. When refinancing is offered by "their" bank, then such an offer should be considered first.
So, when refinancing at another bank with the provision of collateral, the borrower incurs additional costs for property valuation, in addition, an increased rate applies before the collateral is issued. In "your" bank, you will not need to re-register the previously submitted collateral, which will significantly reduce costs.
Another plus of refinancing is that individual banks will offer on-lending to up to five loans from third-party banking institutions. Holders of several problem loans can put them together and pay off without fear of delays due to confusion over payment dates.
Most often, refinancing is used to pay off a mortgage. This type of loan is long-term and the interest rate can change significantly over the years.
For example, having issued a mortgage at 20%, the borrower finds out that another bank offers a rate of 15%. Since a mortgage loan can be paid up to 20-25 years, the overpayment is more than significant. But ordinary consumer loans can also be refinanced.
Which banks do
The services of banks offering loan refinancing vary depending on the purpose of the on-lending. Someone offers lower interest rates, someone specializes in mortgage refinancing, etc.
Banks offering to refinance third-party loans at a lower interest rate include:
If you need to refinance consumer loans, you can contact:
The desire to refinance a car loan is unlikely to succeed. If earlier some banks offered similar programs, now refinancing car loans is almost impossible.
But to profitably refinance a mortgage, you should contact:
Basically, banks do not refinance loans with delinquency and in the presence of a negative credit history of the borrower.
If there were delays, but have already been repaid, then you can try contacting:
Which banks give loans for refinancing
The list of banks that provide loans for refinancing loans in other banks can be given in the form of a table indicating standard lending conditions:
| Name of the bank offering refinancing services | Maximum loan amount for refinancing, rubles | Maximum loan term, years | Minimum interest rate, % per annum |
| AgroSoyuz | 835 000 | 5 | 21 |
| SGB | 500 000 | 1 | 17 |
| VTB 24 | 1 000 000 | 5 | 19 |
| Vyatka-bank | 150 000 | 3 | 19,9 |
| Deal bank | 1 000 000 | 5 | 18 |
| DNB Bank | 300 000 | 5 | 22,5 |
| Cedar | 400 000 (from) | 3 | 19,5 |
| MDM Bank | 2 500 000 | 1 | 17 |
| Neiva | 2 000 000 | 5 | 16 |
| Petrocommerce | 1 000 000 | 0.5 (6 months) | 15 |
| Primsotsbank | 1 000 000 | 4 | 23,4 |
| Rosbank | 1 500 000 | 1 | 16,5 |
| Rosselkhozbank | individually | 5 | 15 |
| Sberbank | 1 000 000 | 1 | 17 |
| Sbercredbank | 1 000 000 | 5 | 24 |
| Svyazbank | 1 000 000 | 5 | 20 |
| Sotsinvestbank | 200 000 | 2 | 16 |
| Spetssetstroybank | 500 000 | 3 | 19,9 |
| Tatfondbank | 2 000 000 | 7 | 19 |
| Tomskpromstroybank | 500 000 (from) | 5 | 16 |
| Transcapitalbank | 300 000 | 5 | 22 |
| Ussuri | 5 000 000 | 5 | 17,95 |
| Khanty-Mansiysk Bank | 300 000 | 1 | 18,5 |
| UniCredit Bank | 700 000 | 5 | 19,9 |
Is it possible without proof of income
The bulk of banks refinance loans subject to sufficient solvency of borrowers. In this case, documentary evidence of income is required, in particular, the provision of:
- certificates of income in the form or certificates in the form of a bank;
- certificates from the employer on official employment;
- copies of the work book or employment contract;
- third party guarantees.
But some banks are loyal to customers in terms of proof of solvency and offer loan refinancing without income statements.
These institutions include:
| "Credit Bank of Moscow" | offers refinancing under one passport. The provision of additional documents affects the reduction of the interest rate. In general, the conditions for on-lending are reduced to the issuance of a loan in the amount of 50,000 to 1,500,000 rubles, for a period of 6 months to 15 years, at a rate of 16% |
| "Sberbank of Russia" | when applying for a loan equal to the balance of the debt on the previous loan, you will not have to confirm income and employment. The maximum amount of a new loan is 1,000,000 rubles, the loan term lasts up to 5 years, and the rate starts from 17.5% |
| "Ussuri" | without a certificate of income, you can get a loan for refinancing up to 750,000 rubles, for up to 5 years, with a rate of 24.95% |
| "Tatfondbank" | a loan for refinancing other loans without confirmation of income is issued in the amount of up to 1,000,000 rubles, for a period of up to 7 years, at a rate of 26.99% |
| "Summer Bank" | without additional documents, the bank refinances loans up to 500,000 rubles, the loan period can last up to 5 years, at a rate of 29.9% |
How is it different from restructuring?
Often borrowers confuse loan refinancing with restructuring. These concepts are not at all the same. Refinancing involves the borrower entering into a new loan agreement.
In most cases, the subjects of the agreement change, that is, another bank is engaged in refinancing the previous loan.
In exceptional cases, refinancing can be carried out in the same bank. In this case, the result of the procedure is the repayment of the previously issued loan and the registration of a new loan.
The restructuring of a loan does not imply the termination of the current loan agreement. Such a procedure is carried out in order to change the essential conditions under a previously concluded agreement.
May change:
- payment schedule;
- crediting period;
- amount of monthly payments.
As a result, the borrower continues to repay the old loan, but on new terms. As a rule, restructuring is carried out when the client's income level decreases, when the previous payments turned out to be unbearable.
A loan can also be restructured if the date of receipt of wages changes and does not coincide with the payment schedule.
The client can apply for loan restructuring on their own. Sometimes banks themselves offer to restructure an existing loan if, for some reason, a “positive” client has delays in payments.
When is refinancing beneficial? Before applying for a new loan, you need to compare the costs of obtaining it with the benefits of lowering the rate.
This requires taking into account all commissions and costs for obtaining a new loan and the presence / absence of a penalty for early repayment. It is important to take into account the difference in rates, with an indicator of less than 2%, on-lending is considered unprofitable.
Video: Refinancing loans. What it is? Federal Borrower Support Service
Many people want to meet the new year without debt or reduce it as much as possible. In some cases, a refinancing loan can help. FINANCE.TUT.BY found out whether it is worth paying off the old debt with a new loan now.
At its core, refinancing loans are a “repurchase” of old debt at a new rate and for a new term. The bank refinances the current balance of the existing loan, and the client is already repaying the debt on the loan on different terms. In order to understand whether it is profitable to pay off an old loan with a new one, it is very important to compare not only the monthly payment, but also the final overpayment.
Previously, we have already analyzed several options for repaying old debts with a new loan and came to the conclusion that refinancing loans is really a good way to reduce the loan burden by reducing payments and by reducing interest payments. Additionally, such a loan can be useful for those who want to combine several existing contracts into one.
Let's take a closer look at the current conditions for refinancing loans:
|
bank, credit |
Rate (changes for 3 months in brackets), max. the amount of the balance to be refinanced, the refinancing period |
Security |
|---|---|---|
| Belarusian People's Bank, "Orange Dream - Re Fresh" |
13,9% (-2,1%) and 14,9% (-5,1%) |
Or collateral (there may be combined types of collateral) |
|
Priorbank, |
with insurance: 14 (-1%) or 16% (-1%) depending on the amount 12% up to 10,000 euros equivalent, up to 60 months |
|
|
Priorbank, |
with insurance: 14 (-1%) or 16% (-1%) depending on the amount 12% for payroll clients, without insurance 17%, up to 5,000 euros equivalent (up to 7,000 euros equivalent for payroll clients), up to 60 months |
|
|
Technobank, |
14% , up to 50,000 rubles, up to 48 months (up to 84 months with a guarantor) |
over 5000 rubles - a guarantee |
|
ABSOLUT BANK, |
15,5% (-1,4%) , up to 30,000 rubles, up to 24 months |
over 15,000 rubles - a guarantee |
|
Idea Bank, |
16,8% (-2,8% ), up to 23,000 rubles, up to 48 months |
|
|
paritetbank, |
14% or 15,5% , depending on the term, up to 30,000 rubles, up to 84 months |
|
|
Alfa Bank, |
35% , up to 7000 rubles |
|
|
Alfa Bank, |
first month 0,1% , then 24,9% , up to 30,000 rubles, up to 72 months |
|
|
Bank BelVEB, |
16,5% , up to 40,000 rubles, up to 84 months |
over 10,000 rubles - forfeit and guarantee of one individual, over 20,000 rubles - forfeit and guarantee of two individuals |
|
Bank Moscow - Minsk, |
16,8% (-0,2%) (16,3% (-0,2%) for payroll clients), up to 30,000 rubles, up to 60 months |
over 15,000 rubles - a guarantee |
|
Belagroprombank, |
First year 11% , then 14% (-1%) |
over 7500 - surety |
|
Belagroprombank, |
first two years 11% (-1%) , then 14% (-1%) , within creditworthiness, up to 180 months |
guarantee |
|
Belarusbank, |
14% (-1%) , within creditworthiness, up to 84 months (up to 120 months when refinancing real estate loans received from another bank) |
over 6900 rubles any method provided for by the legislation of Belarus (except for a penalty and insurance of the risk of non-repayment of a loan) |
|
Belinvestbank, |
13,92% (-1,2%) (14,52% (-1,3%) for real estate loans), within creditworthiness, up to 60 months (up to 120 months for real estate loans) |
over 10,000 rubles - a guarantee |
|
Belinvestbank, |
13,56−15,06% (0,06%) , within creditworthiness, up to 60 months |
over 10,000 rubles - a guarantee or a pledge, or a security deposit |
|
BPS-Sberbank, |
16,3% or 16,8% (depending on insurance and type of client), within creditworthiness, up to 84 months |
over 10,000 rubles - the guarantee of one individual; over 15,000 rubles - a guarantee of two individuals |
|
BPS-Sberbank, |
16,3% or 16,8% (depending on insurance and type of client), within creditworthiness, up to 240 months |
suretyship, pledge, guarantee deposit of money |
|
BTA Bank, |
13,49% (-1,5%) (15,49% (-1,5%) 12,99% and 14,99% |
over 10,000 rubles - a guarantee, over 15,000 - a guarantee of two individuals |
|
BTA Bank, |
13,49% (-1,5%) (15,49% (-1,5%) when refinancing loans from BTA Bank), for payroll employees 12,99% and 14,99% , up to 20,000 rubles, up to 60 months |
more than 10,000 rubles - a guarantee, more than 15,000 rubles - a pledge of a car |
|
RRB-Bank, Refinancing |
13,99% (depending on the loan), up to 15,000 rubles, up to 36 months |
|
|
francabank, |
13,99% (16,5% (-1.5%) when refinancing Fransabank loans), up to 25,000 rubles, up to 72 months |
over 10,000 rubles - a guarantee of an individual |
|
Zepter Bank, |
15,99% , up to 50,000 rubles, up to 36 months |
up to 5,000 rubles - a penalty, up to 10,000 rubles - a guarantee of two persons, over 10,000 rubles - a deposit |
View the table of loans for refinancing:
|
bank, credit |
Rate (changes for 3 months in brackets), max. amount of the balance to be refinanced, refinancing period, collateral |
|
| Belarusian People's Bank, "Orange Dream - Re Fresh" |
13,9% (-2,1%)
and 14,9% (-5,1%)
when refinancing loans from BNB-Bank, up to 30,000 rubles, up to 60 months |
|
|
Priorbank, |
with insurance: 14 (-1%)
or 16% (-1%)
depending on the amount 12%
for payroll clients, without insurance 17%, |
|
|
Priorbank, |
with insurance: 14 (-1%)
or 16% (-1%)
depending on the amount 12%
for payroll clients, without insurance 17%, |
|
|
Technobank, |
14%
, up to 50,000 rubles, up to 48 months (up to 84 months with a guarantor), |
|
|
ABSOLUT BANK, |
15,5% (-1,4%)
, up to 30,000 rubles, up to 24 months, |
|
|
Idea Bank, |
16,8%
(-2,8%
), up to 23,000 rubles, up to 48 months, |
|
|
paritetbank, |
14%
or 15,5%
, depending on the term, up to 30,000 rubles, up to 84 months, |
|
|
Alfa Bank, |
35%
, up to 7000 rubles, |
|
|
Alfa Bank, |
first month 0,1%
, then 24,9%
, up to 30,000 rubles, up to 72 months, |
|
|
Bank BelVEB, |
16,5%
, up to 40,000 rubles, up to 84 months, |
|
|
Bank Moscow - Minsk, |
16,8% (-0,2%)
(16,3% (-0,2%)
for payroll clients), up to 30,000 rubles, up to 60 months, |
|
|
Belagroprombank, |
First year 11%
, then 14% (-1%)
|
|
|
Belagroprombank, |
first two years 11% (-1%)
, then 14% (-1%)
, within creditworthiness, up to 180 months, |
|
|
Belarusbank, |
14% (-1%)
, within the limits of creditworthiness, up to 84 months (up to 120 months when refinancing real estate loans received from another bank), |
|
|
Belinvestbank, |
13,92% (-1,2%)
(14,52% (-1,3%)
for real estate loans), within creditworthiness, up to 60 months (up to 120 months for real estate loans), |
|
|
Belinvestbank, |
13,56−15,06% (0,06%)
, within creditworthiness, up to 60 months, |
|
|
BPS-Sberbank, |
16,3%
or 16,8%
(depending on insurance and type of client), within creditworthiness, up to 84 months, |
|
|
BPS-Sberbank, |
16,3%
or 16,8%
(depending on insurance and type of client), within creditworthiness, up to 240 months, |
|
|
BTA Bank, |
13,49% (-1,5%)
(15,49% (-1,5%)
when refinancing loans from BTA Bank), for payroll employees 12,99%
and 14,99%
|
|
|
BTA Bank, |
13,49% (-1,5%)
(15,49% (-1,5%)
when refinancing loans from BTA Bank), for payroll employees 12,99%
and 14,99%
, up to 20,000 rubles, up to 60 months, |
|
|
RRB-Bank, Refinancing |
13,99%
(depending on the loan), up to 15,000 rubles, up to 36 months, |
|
|
francabank, |
13,99%
(16,5%
(-1.5%) when refinancing Fransabank loans), up to 25,000 rubles, up to 72 months, |
|
|
Zepter Bank, |
15,99%
, up to 50,000 rubles, up to 36 months, |
|
Main conclusions:
- This year, interest rates on consumer loans have been steadily declining. If at the beginning of the year the rate for new contracts was mostly 30%, then in December it is 11.5-18%, and the bulk of proposals with a rate of up to 16%.
- In September, interest rates on loans for refinancing were 15-19%. Now they are 12.99-16.8%.
- To refinance loans for the purchase or construction of real estate, you can contact Belagroprombank, Belarusbank, Belinvestbank and BPS-Sberbank. These banks have special conditions with a loan term of 10 to 20 years.
- Idea Bank offers to issue up to 23,000 rubles without additional collateral. Absolutbank, Belarusian People's Bank and Bank Moscow-Minsk can issue up to 15,000 rubles without guarantors or collateral.
- Belarusbank, Belagroprombank, Belinvestbank, BPS-Sberbank, Zepter Bank limit the maximum possible amount only to the creditworthiness of the client. These options may require collateral for a large amount of the new loan.
- Not all banks refinance loans issued in their own bank, but Alfa-Bank, BelVEB Bank, Belinvestbank, Belarusian People's Bank, BPS-Sberbank, Idea Bank, Paritetbank, Technobank, Priorbank provide their customers with such an opportunity.
To understand how much a renewed loan can cost, let's calculate the possible monthly payment and overpayment for 1000 rubles for 12 months using the example of BTA Bank (the lowest interest rate). The maximum payment will be 89.55 rubles, and the total overpayment will be 74.60 rubles.
Choose a suitable loan in Belarusian banks:
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How to apply for a loan in Sberbank Online?
To apply for a loan at Sberbank Online, go to the "Loans" section in the top menu.
Click "Take a loan from Sberbank." A form for selecting loan parameters will open. Choose the options that suit you, including the amount and term of the loan. Please note: the interest rate and monthly payment are calculated automatically. Next to the amount of the monthly payment, the loan repayment schedule is indicated. Choose a service office convenient for you and click the "Apply a loan" button. Confirm the application for a loan with an SMS password and fill in all the fields of the questionnaire. After filling out the form, the "Submit Application" button will become active. You can submit your application for review immediately or save it to submit later. A pending application will be in the "Draft" status - you can find it in the "Credits" section.
How long does it take to consider an application for a loan at Sberbank?
The maximum processing time for an application is 2 business days.
How to get money for an approved application?
You can receive money within 30 days from the date of approval. The deadline for enrollment is 1 business day after the approval and signing of the documents.
If you receive a salary or pension to accounts opened with Sberbank, you can receive money in Sberbank Online in the Loans section. On the screen with an approved application, click "Apply for a loan". If this button is not available, go to Sberbank Online again or contact the Sberbank office indicated in the application.
If you do not receive a salary or pension to your Sberbank accounts, contact the Sberbank office to receive a loan.
When applying for a loan in Sberbank Online, you can:
Choose insurance for the loan;
View the preliminary payment schedule;
Choose a convenient repayment date;
View individual loan conditions;
Select a card for crediting a loan (here you can also refuse a loan, for example, if you need to make a new application).
Important: the loan is credited to the account of a debit card opened in the region where the loan is issued.
Card requirements:
The overdraft has been repaid or not being used;
The card is active and there are more than 2 months left before the expiration date;
Card currency - rubles;
The card account has not been seized.
How can I find out what my monthly loan payment consists of?
Information on your payment can be viewed in Sberbank Online in the Loans section. Select the loan you are interested in - on the loan page you will see all the information on the monthly payment.
How to find out the debt on the loan?
Information on your debt can be viewed in Sberbank Online in the Loans section. Select the loan you are interested in - on the loan page you will see all the information on the debt.
How do I find out if I have debt on loans at Sberbank?
You can view all debts in Sberbank Online in the Loans section.
How do I know if I have outstanding loans at Sberbank?
You can view information on loans outstanding at Sberbank in Sberbank Online in the Loans section.
How can I get an early repayment on a loan?
How can I find out what penalties were charged to me if I did not repay the loan on time?
You can find out information on accrued penalties in Sberbank Online in the Loans section.
Priorbank is one of the most popular banks in the Republic of Belarus. In the branch of this financial institution, citizens have the opportunity to apply for loans on very favorable terms, without overpaying a lot of money.
In Priorbank, loans are issued both for consumer needs and for the purchase of housing, both in national currency and in foreign.
The greatest demand among Belarusians is for a loan for consumer needs in Priorbank, it can be obtained within the framework of a special program developed for individuals. It is also possible to purchase your own housing at the expense of borrowed funds, the main thing is to comply with the range of requirements of the lender.
For consumer needs
Among the list of lending programs currently operating in Priorbank, the most popular is considered to be the "Just Purchases" tariff.
The conditions and interest rates that are characteristic of this program are more than acceptable, the main thing is to take a responsible approach to the process of obtaining a loan, including filling out an application.
- annual interest rate (the rate can be either increased or decreased, which directly depends on the loan amount and the borrower's consent to issue a personal insurance policy):
- the minimum mark is 15%;
- the maximum mark is 19%.
- period of use of funds:
- 1 year, not less;
- 5 years, no more.
- consumer loan amount in cash:
- from 500 euros;
- up to 10 thousand euros.
The peculiarity of this lending program is that in case of a positive response to the application, loans will be issued in a foreign currency - the euro.
To buy a home
It should be noted that it is possible to obtain a loan for the purchase of housing in Priorbank within the framework of several loan programs. After analyzing the conditions of each of the tariffs, taking into account the reviews of satisfied borrowers, we can safely conclude that the “Purchase on bail” tariff will be the most beneficial program for citizens.
Its use does not require clients to obtain insurance or guarantees from third parties:
- annual interest rate:
- from 11.5%;
- up to 14%%.
- term of use of borrowed funds:
- the minimum period is 5 years;
- the maximum period is 15 years.
- the amount of the mortgage loan for the purchase of housing:
- 4.5 thousand euros, not less;
- 108 thousand euros, no more.
In this case, the loan is issued in foreign currency. Also, in this context, it is worth focusing the attention of readers that in the absence of valuable property, you can buy housing within the framework of the “Friendly Family” tariff. True, borrowers will be required to issue an insurance policy, and also have one more guarantor for the loan, in addition to the spouse.
Refinancing
In Priorbank, you can refinance a loan - this, by the way, is another very popular loan product that can be issued without certificates and guarantors even to pensioners.
- interest rate:
- for Priorbank clients receiving wages on the card of a financial institution - from 14% to 19%;
- for all other borrowers - from 15% to 19%.
- loan period:
- 1 year, not less;
- 5 years, no more.
- the maximum amount of a refinanced loan at Priorbank is 10,000 euros.
Requirements for individuals
In order for the process of obtaining a much-needed loan to succeed, a potential borrower will have to meet a certain number of requirements of the lender:
- age - 18 years, at least;
- citizenship - the Republic of Belarus;
- employment - to have a permanent place of work.
From the above, it can be understood that Priorbank issues loans to individuals on quite acceptable terms, the requirements cannot be called tougher, as, in fact, the list of required documents, because it is minimal.
A package of necessary documents
The issuance of a loan to an individual will not be possible if a client who wants to take a consumer loan or a mortgage loan cannot provide the lender with a number of the following documents:
If an individual entrepreneur acts as a borrower, he will need to prepare a more detailed and wide range of documents. The name of the required documents can be found by calling the Priorbank hotline number - +375 17 289 90 90.
Priorbank is one of the largest financial structures in Belarus. It offers favorable conditions for processing consumer loans, mortgages, car loans, deposits and programs for businessmen.
Priorbank loans are processed quickly and are easy to repay. But the main advantage is lower interest rates compared to offers from other financial institutions in the country.
Under what conditions does Priorbank issue loans to individuals?
Individuals can apply for any of the following loan products at Priorbank:Consumer cash loan for any purpose;
Credit cards;
Non-cash credit for payment of goods;
A loan to pay off current debts to other banks (refinancing).
Non-purpose consumer credit is issued for a period of 1 to 4 years. The maximum loan amount is 5,000 euros in Belarusian currency. For borrowers receiving a salary on a Priorbank card, the limit is increased to 7,000 euros.
The interest rate is fixed at 25% per year. The loan is issued to citizens aged 22 to 58 years, at the time of debt repayment, the borrower should be no more than 63 years old.
A credit with a transfer to a card is issued for 1-4 years. The limit is also 5,000 or 7,000 euros, depending on the client's status. Interest rate - 23% per annum for amounts up to 5,000 euros, 20% per annum if the limit exceeds 5,000 euros.
A non-cash loan for the purchase of a particular product is issued at a bank branch or at a point of sale. The maximum loan amount is 10,000 euros. The term is set individually - from 6 months to 4 years. The interest rate depends on the place of registration, the group of purchased goods and ranges from 20 to 30% per year.
Priorbank also offers loan refinancing. The product is called "Loan to repay loans from other banks." It is issued at 20 or 23% per annum, depending on the amount, which can reach a maximum of 10,000 euros. The duration of credit obligations varies from 1 to 4 years.
How to apply for a consumer loan at Priorbank?
Priorbank became the first bank to offer residents of Belarus to apply for loans online. In general, you can apply for any of the loans:at a bank branch;
on the organization's website;
In telephone mode.
Whichever option is chosen, the final completion of the transaction will be held at the office of the institution. To do this, the borrower will need to prepare a package of documents. The date and time of the meeting will be announced by the manager as soon as the decision on the application is known. Usually it is considered 1-2 days.
Not only the online application simplifies the lending procedure, but also the Priorbank loan calculator. The service allows you to quickly calculate the total cost of the loan, the amount of the monthly payment and the overpayment. So you can compare several loans and choose the most suitable one.
Basic requirements for the client:
Priorbank cooperates only with officially working borrowers who:Have at least 6 months of experience;
Can present a certificate of average earnings;
Suitable for age - from 22 to 58 years;
Have no delinquencies on loans (both current and already repaid).
Another nuance is that in order to receive the maximum loan amount, the borrower must receive a salary of about 80 euros per month. A client who meets these requirements can apply for a loan in any convenient way.
Loan repayment methods:
There are many options for making monthly payments on loans at Priorbank:Through the Internet Bank system;
With the help of SMS-Bank;
In the branches of "BelPochta";
In payment terminals of Priorbank;
Through a card in Internet banking;
Withdrawal from an account in another bank;
Through the "Calculation" system;
At the cash desk of the Priorbank branch.
What are the attractive terms of lending at Priorbank?
There are a lot of advantages of obtaining a consumer loan in the largest Belarusian bank:Large amounts of loans;
Long terms of crediting;
Low interest rates;
Automatic life and disability insurance of the borrower;
Possibility of early repayment without penalties and commissions;
Pre-calculation service using the Priorbank loan calculator;
Several convenient ways to repay a loan;
Possibility of making a request remotely (via the Internet or by phone).
Priorbank is a fairly strong financial institution that enjoys the trust of hundreds of thousands of customers.
Convenient methods of registration and repayment, quick verification of information, loyalty to borrowers - all this makes the bank one of the most popular among Belarusians.