Get the opportunity to reduce the amount of monthly payments on your loans with a new product from Sberbank*.

In the modern world, credit has become one of the ways to solve financial issues. He can help out in almost any situation. Often, you can apply for a loan immediately in the store and within half an hour you will become the owner of a car, household appliances, goods for repairs, or even a trip to distant countries.

According to the National Bureau of Credit Histories as of July 2013, the volume of household loans has doubled over the past two years. We take out loans for everything that seems necessary to us right now, and it happens that the number of loans in a family grows disproportionately to income. The most impulsive loans are often those issued directly in the store. Undoubtedly, it is convenient when you can immediately pick up the product you like, but the rates on such loans can reach 60 percent or higher. Imagine, if a family has not one, but two, three or five such loans, at some point the monthly payments can greatly affect the budget.

In addition to purchases on credit, which can be arranged “here and now,” so-called “urgent loans” can cause a lot of trouble. Usually they are issued if a small amount of money is needed as soon as possible. Often such loans are available in the metro, shopping centers, and even on the Internet. Their registration requires a minimum of documents and time, but the interest for use is impressive - sometimes it can reach 900 percent per annum.

It also happens when, for other reasons, paying off several loans begins to cause discomfort - their repayment places are located in different places, plus different amounts and dates of payments, which you always need to keep in mind so as not to go into arrears.

A way out of the situation may be to refinance existing loans into one general loan, for example, from Sberbank with an attractive interest rate . This will reduce both monthly payments and the total amount of debt obligations*.

When should you think about refinancing?

If the loan you took turned out to be uncomfortable for you.

If you take out one loan so you have something to pay off another, and this cycle seems impossible to stop.

If you have several loans with different interest rates from different banks (which means several dates and payment amounts that you need to remember).

If you bought a car on credit, by refinancing the car loan, you will remove the encumbrance from the car and will be able to dispose of it at your own discretion. This will help to avoid additional expenses, for example, purchasing CASCO insurance when buying a car on credit.

30-year-old Anna moved into her own apartment, which her parents helped her buy and renovate. True, Anna wanted to take care of the interior furnishings herself. Therefore, she decided to buy a kitchen set worth 85,000 rubles on credit - saving such a sum of money with her not very high salary required a long time, but she wanted to live in a new apartment now. And the payment on a monthly loan issued for 5 years was only 4,174 rubles. Not much for the kitchen of your dreams!

True, the total amount of payment that Anna would have paid to the bank over these 5 years would have been comparable to several other kitchens, which is not surprising given the interest rate of 54.9 percent at which Anna received a loan from a furniture store. Having heard about Anya’s situation, friends advised her to think about refinancing at a more acceptable rate. Six months later, Anna reissued a loan with Sberbank. Her total payment was reduced by as much as 34 percent. Moreover, her monthly payment was also reduced - now Anna paid only 2,577 rubles per month.

How is everything going?

The process itself is standard: no security or guarantee from third parties is needed, there is no commission for issuing a loan, you only need a standard package of documents (application, passport, personal income tax certificate-2 or in the bank form and a document confirming employment, as well as a certificate/extract with information about the refinanced loan). For Sberbank clients who receive their salary on a bank card, they only need a passport and a certificate/loan statement. The maximum loan amount is 1 million rubles, the term is from 3 to 60 months.

You can repay up to five loans from third-party banks with the money you receive, and this happens automatically - by cashless transfer and without commission, so there is no need to even transfer “real” money from one bank to another. A valuable opportunity if you imagine how long it would take to pay off these loans “manually”.

In this way, you can refinance a consumer loan, car loan, credit card, overdraft received in rubles.

No extra effort

The advantages are obvious: without wasting time, you can get one general loan at an attractive interest rate instead of several different ones and, possibly, a reduced monthly payment. Refinancing with Sberbank will most likely reduce your overall debt. But the most important thing: you will be able to spend most of the family budget on what you and your loved ones need.

* Reducing the monthly payment is possible by increasing the loan term for a new loan provided by the Bank, as well as in cases where the interest rate on the new loan is less than the rate of the refinanced loan.

The interest rate for refinancing is set individually and ranges from 17 percent to 25.5 percent, depending on the category of the borrower, the amount and term of the loan.

You can find out more about refinancing loans at Sberbank on the bank’s website www.sberbank.ru and by calling the contact center at 8 800 555 5550.

OJSC "Sberbank of Russia". General license of the Bank of Russia No. 1481 dated 08.08.2012