Filling out an application for refinancing a loan

Refinancing of troubled debts is often the only way out for a borrower who cannot cope with payments. The essence of the service is to arrange a new loan to repay the current one.

12 September 2020

Refinancing of troubled debts is often the only way out for a borrower who cannot cope with payments. The essence of the service is to arrange a new loan to repay the current one.

Important! Refinancing should be viewed as a good opportunity to avoid delays, penalties and fines. Thanks to him, the borrower maintains his credit rating.

How to use the service

The procedure is usually initiated by the borrower, although in some cases the bank can offer refinancing to avoid delinquencies. Experts recommend filling out an application in advance, even before violating the terms of the transaction. Otherwise, the bank may reject a customer’s questionnaire with a damaged credit rating.

Step-by-step process of actions:

  1. Choosing a suitable bank and submitting a questionnaire.
  2. Collection and preparation of the necessary documents.
  3. Consideration of the application.
  4. If the decision is positive, the borrower is invited to discuss the conditions and sign documents.

The basic requirements are put forward for the applicant: a good credit rating, the presence of Russian citizenship and permanent registration in its territory, as well as compliance with the age (on average 21-65 years old).

Note! The key difference between refinancing and restructuring is that the client has the right to apply not only to the bank where he previously issued a loan. Submission of an application to any other organization is allowed. The main thing is to study the offers available on the market.

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How to choose a bank

Before choosing a refinancing program and submitting an application, you should familiarize yourself with the conditions and find out if there will be additional, mandatory paid services.

Russian banks offer to fill out an application in person at the office or send a questionnaire for verification remotely. The online procedure saves time, but in the process of filling in personal information, it is recommended to carefully check everything and avoid mistakes. Even seemingly insignificant inaccuracies can cause a refusal.

A loan refinancing application is the first step towards more favorable conditions. For your convenience, all offers of large banks are collected on the financial portal Vyberu.ru. Available loan programs are easy to compare and easy to sort according to specified criteria. After choosing the appropriate one, click on the “Apply” button and fill out the proposed form online, no matter what city you are in.



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