To date, microcredit has become the most widespread among all programs for which you can get a loan. And a lot of people are constantly participating in such programs. This is due to the constantly arising everyday difficulties that need to be solved with the help of financial resources. But in life, a variety of unforeseen situations can arise. Therefore, often the borrower may be on the list of unreliable taxpayers, due to the fact that he repaid the debt with delays.
It is the delay in payment that creates a negative image for the client and spoils the credit history. Refinancing was created specifically to circumvent such situations.
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Percent: 1% |
Sum 100000 |
Term: 365 days |
OK 95 %. |
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Sum 1000000 |
Term: 1825 days |
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Sum 60000 |
Term: 90 days |
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Sum 50000 |
Term: 168 days |
OK 93 %. |
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Term: 365 days |
OK 93 %. |
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Term: 365 days |
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Term: 45 days |
OK 95 %. |
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Term: 365 days |
OK 97 %. |
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Term: 90 days |
OK 96 %. |
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Sum 90000 |
Term: 1095 days |
OK 96 %. |
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Delays in payments can occur with any client. But not everyone knows that such a problem can be solved using loan refinancing. Such loans are somewhat reminiscent of banking consumer lending programs. But the difference is that here you borrow a small amount for a short period of time.
But in some cases, a service such as refinancing bad loans credit history, can also be offered by banks that want to acquire a new clientele. In this case, you can even count on more favorable conditions than in MFIs. For example, a bank will give you a fairly large amount of money for a long time. Thus, you will be able to deal with the previous loan, and your overpayments will be insignificant.
But you should know that with such a loan you will definitely need to confirm your solvency. To do this, you will need a certificate from permanent place work. This is due to the fact that when refinancing microloans in Moscow and other regions of Russia, lenders must be completely sure that they will receive their money back.
The possibility of refinancing a microloan is now offered by many organizations. But, before you decide on such an action, you need to think carefully. To do this, you can use the information on our website, which will detail which banks or microfinance institutions will agree to refinance your microcredit, even if you are a borrower with delinquency.
Today it is quite difficult to meet a person who would not use credit programs. But due to the fact that economic situation in the country is in an unstable state, many people lose the opportunity to receive their regular income. For some, it goes down to the extreme minimum. Therefore, debts are no longer as easy to repay as before. And then a lot of people start looking legal way which will help reduce the financial burden on own budget. And since microloans have now become available to everyone, in such a difficult financial situation there were a lot of people. To solve this problem, you should contact the MFI, which can issue loan refinancing. But you should know that such an operation is not available to everyone.
The word refinancing itself means that you, having already had one loan, draw up new loan, but only on more favorable terms. And you send the received money to pay off debts in other financial structures.
But you should know that in a situation of refinancing a microloan, no one will give you cash in cash. The received money will be redirected to the account of the financial institution in which you want to repay the debt. Now you will only need to pay off the new debt to the bank.
But it is not uncommon for banks to refuse such a service. Therefore, to refinance a microloan, many turn to micro financial institutions. It is also very convenient to contact such structures if you have any difficulties with, or if you urgently need to repay a debt. In the MFI, no one will be interested in your past problems and delays, so you can easily get money in debt.
Refinancing microloans with a bad credit history at a bank is a rather complicated procedure, in most cases they refuse such borrowers, because:
In the event that you decide to apply for refinancing under a special loan program, then you need to present the agreement under which the previous loan was issued, and all documents related to it.
If you want to get help from the bank, then in this case you should rely only on a consumer loan. Therefore, the answer to the question: "Refinancing microloans - which banks can approve?" most likely to be negative. But still it is worth looking for banks that offer loan refinancing programs.
Do not be upset if the bank rejected your application for refinancing microloans, because you are a client of a microfinance organization. To solve this problem, you need to contact any similar structure that issues small loans to the population.
In the MFI, you will be presented with the following requirements:
You can't save money on refinancing a loan. But it will give you the opportunity to gain strength and adjust your budget.
Programs for refinancing microloans in Moscow are offered at different conditions. But the most profitable loan can be obtained from the following companies:
A microloan is a great way to quickly solve a sudden financial problem. You can find many organizations both online and offline. The repayment period of such a loan is relatively short, and the money is issued quickly enough, without a close examination of the identity of the borrower. In addition, they can be issued even to individuals with a bad credit history.
Such facilitated conditions are pushing some citizens to re-loans. Thus, the debt burden is growing, and it is becoming increasingly difficult to repay the debt. Refinancing loans of microfinance organizations in other institutions can come to the rescue. This relatively new service- a real salvation for those who have ceased to cope with the suddenly piled on credit burden.
About the service loan refinancing many have heard in another bank. This is a refinancing procedure in which the lender repays old debt a citizen in another bank, in order to get himself a new client in this way. Of course, such an operation is carried out on more favorable terms with a reduced interest rate.
Something similar can be done for microloans. The only difference is that it is not banks that are mainly involved in this, but some MFIs or a special agency for refinancing microloans - this is where you should seek help in the first place.
In addition, this procedure has several other advantages:
Delays on ordinary bank loans are fraught with a series of penalties, litigation and proceedings with collectors. However, even in this case total amount of all possible penalties and fines cannot be compared with the amount that can “run in” in MFIs. So, even a relatively small debt of a couple of thousand rubles in a few months can turn into a completely “unbearable” amount. At the same time, a series of endless calls and even visits by collectors, along with bailiffs and litigation also unavoidable.
Of course, you can try to resolve the current situation with a particular credit institution, perhaps it will meet you halfway and agree, for example, to extend the debt repayment period. However, if you have several such loans on hand, you should resort to the refinancing procedure as soon as possible.
When a borrower plans to restructure microloans, he must clarify the basic conditions for this procedure. In particular, financial institutions generally put forward the following requirements for the recipient of such a loan:
Funds allocated for on-lending are not issued to the borrower in cash and are not transferred to his personal bank card. The refinancing company thus insures a new loan against dishonest actions of the client. The tranche itself goes directly to the account of those organizations from which the loan is to be refinanced. The size of the loan in this case is limited to 500,000 rubles, the repayment period is up to 5 years.
If the refinancing of microcredits requires an amount that exceeds the client’s financial capabilities (for example, it does not correspond to the level of his monthly official income), the credit institution may require that a surety agreement be drawn up, provide property as collateral or sign a documentary assurance not to issue other loans during the offer period.
The refinancing service can cover both one and several loans at once. It is possible to combine all available debentures whether it be bank loans or microloans. However, this rule does not apply to all debt obligations.
The following categories of debt cannot be refinanced:
In addition, bank consumer loans can be refinanced in MFIs only along with microloans.
The program of refinancing loans of microfinance organizations can be implemented different ways. We present to your attention the most relevant and most effective of them.
When there is nothing to repay the loan and a delay occurs, some borrowers turn to banks in order to get a better loan offer in order to close the existing debt in the MFI with these funds. However, in practice, everything may look completely different, and some category of borrowers will have to face a number of unpleasant “surprises”:
Thus, banks do not have special programs for restructuring such debt. In order to refinance there, you need to get a new consumer loan at a lower interest rate and for a longer period. An additional advantage will be the opportunity to receive the allocated funds to a personal bank account or in cash (when refinancing loans in an MFI, a new loan goes directly to the account of the primary lending organization).
Another way to repay an existing loan is a bank credit card, the limit on which exceeds the debt. Banks are willing to issue such cards even to people with a bad credit history. At the same time, its design takes a minimum of time.
Many financial institutions offer their customers to receive a credit card by mail or courier service after registering and submitting an application on the bank's website. In addition, if you choose banking program co grace period repayment, the issue of repayment of the debt may be delayed.
If we talk about the refinancing of microloans in which banks is most likely to be carried out, then, of course, we will talk about major players on the market, ready to consider different categories of citizens. These usually offer optimal conditions for obtaining consumer loans or credit cards used to pay off previous debt to microfinance organizations. Some lenders can meet special refinancing programs, the terms of which it is advisable to apply to pay off debt on microloans. However, before contacting the bank, you should clarify how it "belongs" to a bad credit history.
very relevant and profitable proposition entered the market from the Tinkoff online bank. This credit organization allows you to get a card in the amount of up to 300 thousand rubles.
The advantages of its design:
Renaissance Credit is a financial institution that is ready to provide funds for any needs of borrowers, the same is true for microcredits. To get approval, it is enough to provide only 2 documents, one of which is a passport, the second can be: driver's license, SNILS, TIN, even PTS.
In addition, a pension certificate is also suitable if the potential borrower is a pensioner. The chances of approval for this category of citizens in this bank are also very high, since the institution is ready to consider persons up to 70 years old.
The amount you can count on can reach 700 thousand rubles, and the loan term is 5 years.
Another offer from a major European player in Russian financial market. This bank does not have offices or branches as such and offers an online card application that can be used either as a "credit card" or as a consumer loan.
At the same time, to consider the application, it is enough to indicate only passport data and find out the decision in a couple of minutes. Additional certificates and guarantees are not required.
In addition, after the loan is repaid, the funds can be reused without waiting for approval. The maximum amount that can be received reaches 1 million rubles.
This can be either an organization that directly issued an existing loan, or another financial institution that provides such services. If there is a need to refinance microloans (and in this case, restructure) with delays in a microfinance organization, it is first necessary to discuss more benign requirements with its representative.
The revision of the conditions is welcomed by creditors who are not eager to return debts through the courts. If the borrower provides documented explanations for the delay, he will certainly be met.
These circumstances include:
In this case, debt restructuring takes place against the security of existing real estate or title. In addition, the MFI may require the involvement of guarantors and the conclusion of an appropriate agreement. At the same time, the interest rate is significantly reduced.
Many financial institutions that issue microloans claim that it will not be difficult to refinance their debt obligations from them. In fact, this is not always the case. Refinancing of microloans with delays is one of the most complex and risky procedures, which almost no one undertakes.
However, even for such "neglected" cases, there is a solution. It is offered by LLC MCC "Agency for Refinancing Microloans", which has been operating in this service market since 2015. The company's website is www.refinance.rf.
The principles of operation of this financial institution in the field of on-lending are similar to those of other MFIs:
You can contact the agency remotely by leaving the appropriate application on the website of the organization. Documents can also be processed through an intermediary online or by phone. However, the contract is signed by the borrower personally and manually.
The procedure for refinancing a microloan consists of several stages:
The interest rate depends on the amount of the loan issued and can range from 0.2% to 0.7% per day. When lending in excess of 300,000 rubles, it may be necessary to attract two individuals as guarantors or collateral.
The borrower can make payments remotely: using online wallets, transfers from a personal bank card or depositing funds to the funds specified in the agreement Bank details organizations. Debt repayment occurs monthly, early payment is welcome.
When the question arises: “how to refinance a microloan if it is not possible to repay it on time”, you must first contact the lender. Microfinance organizations are willing to meet halfway and offer special conditions for distressed borrowers. Refinancing a loan can also be done in banks by obtaining a special loan or credit card and thus postponing the final date of repayment of the debt. The main thing is not to panic and carefully evaluate the proposed conditions in order to choose the most profitable ones for yourself.
The total debt of Russians on microcredits now exceeds 100 billion rubles and is growing rapidly. Unlike a bank loan, microloans in case of delay have an unpleasant property to grow like a snowball. In this regard, the popularity of their refinancing is growing.
The Agency for Refinancing Microloans notes that in the first half of 2017 alone, the demand for this service increased by more than a third, and the average amount of on-lending increased from 100,000 to 120,000 rubles. Let's talk about what refinancing of microloans is and how to use it.
History from life
“Foolishly, in July 2016, I took a microloan of 3,000 rubles for 14 days. I paid 2 tr once, and then I lost my job, and the loan stuck. On November 30, I received a call from the MFI and offered to talk.
At the meeting, they showed a paper with a debt of 66 thousand. I almost fell off my chair, and they explained: every day of delay there were interest (2%), fines of 0.25%, and some other penalties.I said that I'm unemployed and I don't have that kind of money.
They answered that they understood my difficult situation and if I paid 40 thousand by the end of the week, the rest of the debt would be forgiven. With knowledge of the matter, they told where you can quickly get money (sell jewelry, beg from friends and acquaintances, take a loan for relatives, and so on). They threatened, of course. I didn’t think that because of the unreturned thousand they would disperse like that. ”
The drama of the situation is added by the fact that debts are being collected MFI where more aggressive than banks. Therefore, if your reputation is dear to you, as well as the peace of mind of your family, try by any means to get rid of the debt, or better, the microloan itself. One of better ways to do so is refinancing.
Since microloans are issued, as a rule, without a serious check of the credit history and solvency of the borrower, financial institutions a priori consider MFI clients as a factor of increased risk. Hence certain restrictions on refinancing.
The easiest way to refinance a microloan is at an early stage, when you regularly pay off the debt. In this case (and if there were no delays before), you are the owner of a good credit history, and the products of many banks are available to you.
Yes, most often you can not get the best profitable loan, besides burdened with insurance, but compared to hundreds of percent per annum from MFIs, such conditions will seem like manna from heaven.
Another thing is if you have already made a delay, which is reflected in your credit history. In this case, the range of opportunities for you quickly narrows. Refinancing in another microfinance organization or a new loan in your own - that's all the options.
However, there is room for significant improvement. In most MFIs, each subsequent microloan is given at more favorable interest than the previous one. Even with a large debt, the likelihood of refinancing remains, especially if you do not have property.
It is more logical for a microfinance organization to get at least something from you than to futilely shake the borrower with help or sue him.
There are three ways to get out of an impending or deepening debt hole.
The most successful holders of MFI loans are refinanced in banks. Most often, we are not talking about refinancing in the full sense of the word, but about a new consumer loan, with which the bank client independently extinguishes a microloan.
As a rule, this happens at an early stage of debt formation. And since the average amount of a microloan in the Russian Federation does not exceed 30 thousand rubles, it is not so difficult to take a similar or slightly larger loan with a good credit history.
The most realistic option would be to apply for a credit card or get a loan without proof of income. There is an opinion that there are banks where they do not look at credit history at all, but this is not so. CIs may not be checked at MFIs (and there are fewer such organizations), and the bank always analyzes the client's credit history.
Another thing is that Tinkoff, Renaissance Credit or Home Credit Bank are much more loyal to the ratio of the borrower's income and the loan amount than, for example, Raiffeisenbank or VTB24, so get a loan in these financial institutions will be easier than others.
Factors that increase the likelihood of refinancing a microloan in a bank:
Factors that reduce the likelihood of on-lending a microloan in a bank:
As an example, let's take on-lending an amount of 30,000 rubles received in Zaimer under the most loyal program (0.63% per day) for a six-month consumer loan of 30,000 rubles from Renaissance Credit at a maximum interest rate of 26.5% per annum.
If banks refuse a loan, and the debt grows ominously, you can try to get money from another microfinance organization - on bail.
Refinancing of microloans is carried out by specialized services. In particular, this is the Rusmicrofinance group with its portal Refinance.rf (Agency for the Refinancing of Microloans). There is a real scheme of on-lending here: they are sent not to the borrower, but to the previous lender.
In return, a loan is provided on more favorable terms. If most MFIs issue short-term loans at 1.5-2% per day (up to 730% per annum), then the rates in the refinancing agency are as follows:
With a credit broker NKB Group, operating in St. Petersburg and Leningrad region, less clear refinancing conditions: the company declares an interest rate of 0.21% per day for amounts from 100,000 to 500,000 rubles with a loan term of up to 5 years.
History from life
“I didn’t believe until the last moment, but they really helped! Signed an agreement with Refinance.rf for a year, monthly payment about 4 thousand rubles - compared to 8 thousand in Fast Money, this is just happiness. They transferred the required amount directly to the "DB" the next day after the conclusion of the contract, now I pay like a bank"
Of the minuses of this method of on-lending, we note mandatory provision income statements, as well as many other documents. With an amount of more than 300,000 rubles, a guarantor is required, or even two.
It is more profitable to refinance microloans secured by real estate. For example, in Moscow and in the Crimea, there is a credit consumer cooperative "Promoting the development of mutual lending." This organization is also engaged in on-lending, and replenishes its ranks.
For example, by joining this CPC and paying from 600 to 2,000 rubles as a membership fee, you get the opportunity to refinance your loans in an MFI in the amount of up to 100,000 rubles at a rate of 48% per annum for up to 13 months.
A prerequisite for such an offer is a deposit. The calculator on the site shows: if you take 33 thousand rubles, in a year you will give back almost 45 thousand, the monthly fee will be 3460 rubles, the one-time payment will be 660 rubles.
History from life
“When the “wheel of interest” from three MFIs drove me to despair (I paid 20 thousand rubles of one percent, and they grew all the time), I decided to take a chance and get a big loan on normal terms, pledging an apartment. I read about banks that everything is reliable and conditions are normal with a pledge.
It turned out that this is not the case with MFIs. I called several companies, sent documents to five of them. Approval for the amount of 100 thousand received in two MFIs. But they refused to provide bail forms. They said that as soon as I come to sign, I will see it. It turned out that they offer sale and purchase agreements with a repurchase. That is, arrange an apartment for them and get money. The apartment costs 3 million, and for the sake of 100 thousand, I was not ready to do so.
Friends suggested a company that works with microloans secured by a pledge agreement. The rate turned out to be 5% per month, and it took three days to complete the entire process (including the registration of the pledge).
The third approach to refinancing microloans can be assessed on the example of the St. Petersburg company "Analytic Finance". There are two types of conditions here. If you combine credit cards, commodity or expensive ones in one package with microloans, then the interest rate will be from 25 to 27.5%, and the maximum term is 5 years.
But if you take money to refinance another loan, then the interest rate increases to 80% or more for a period of a week to a year. But your application will be approved even if you have a bad credit history. But the benefits will still be significant.
So, when refinancing a monthly and overdue for another month microloan of 30,000 rubles, taken under the standard 720% per annum for many MFIs, new conditions (80% per annum for 6 months) will overlap the original ones by almost 45,000 rubles:
It is clear that we did not take into account the insurance and commissions that the bank can take from the borrower, but even with them the difference will be approximately twofold.
The on-lending service in the same MFI where the initial microloan was taken is, by and large, a clever way to capitalize on the difficulties of the borrower. This program is called "": if the payer is not able to make the next installment, he is allowed to pay the required minimum, and the return period is extended for a certain number of days (from 7 to 45 in different MFIs) depending on the rules of a particular microfinance organization and the type of client. For each day of “prolongation”, the borrower pays the usual interest for a microcredit.
Interestingly, for many MFIs, this service is turned on automatically if the client has not paid on time. This makes it possible to receive from the borrower much more of those marginal fines that will go when the “prolongation period” ends.
Let's say Turbo Loan has a daily commission of 2.17%. If a person took a microcredit of 10,000 rubles for a week, he will have to return 11,519 rubles. And with the “prolongation” service, after 21 days he will return 14,557 rubles already.
It makes sense to use such a “restructuring” of the loan if you are firmly confident in the receipt of personal funds during the microcredit extension period. Otherwise, the debt will only grow, and fines will be charged already on it.
The refinancing scheme is standard. All MFIs that refinance microcredits have an online application form, according to which a decision is made within 1 hour to 1 day. If everything is in order, you send scans of refinanced loan agreements to the new lender.
Then the MFI offers to choose the amount of the monthly payment (not arbitrarily, of course, but within the limits of existing programs). An agreement is signed, which indicates the target nature of the loan, the amount, conditions and details of the recipient of the money. Funds are transferred to the account of the previous creditor.
However, this does not happen everywhere: for example, in Analytic Finance you will receive money in your hands, after payment you will need confirmation of closing loans in other MFIs, otherwise the rate may increase from 80% per annum to 360%. Then the payment begins according to a new schedule - usually monthly or twice a month, not more often.
When refinancing a microloan at a bank, the procedure is similar to obtaining a new loan (yes, it is such in reality). You submit an application and documents, wait for approval, receive money, and repay the existing microloan yourself.
Unlike the issuance of microloans, on-lending under more low interest in large MFIs it is impossible without providing a package of documents, sometimes quite voluminous. Requirements for customers are also quite stringent.
Since banks do not carry out classical refinancing of microloans, those that lend money without collateral and with a minimum of references, as well as banks where they look through their fingers at not the best credit history, will be most suitable for on-lending.
banking products with a minimum package of documents for replacing microloans
| Name of the bank | Interest rate and amount | Documents and conditions |
| Tinkoff, Platinum credit card | Up to 300,000 rubles. | Passport scans, TIN. Income documents in electronic form can be provided to reduce the interest on the loan. |
| Renaissance Credit, a loan for urgent purposes | From 30,000 to 700,000 rubles. | Passport + second document of your choice (VU, international passport, nominal bank card etc.). To reduce the rate - confirmation of income, solvency (document for a car, real estate, etc.). |
| OTP Bank, cash loan | From 15 thousand rubles. up to 1 million rubles | The passport, . With a loan amount over 200 tr. copy of labor + s. |
| Alfa-bank, cash loan | From 50 thousand rubles. up to 1 million rubles 15,99% – 25,99% | Passport, the second document to choose from (VU, passport, TIN). For a lower rate: a 2-personal income tax certificate + a document confirming the income of your choice (copy of labor, document on a car, etc.) |
| Vostochny Bank, cash loan | from 30 thousand rubles up to 500 thousand rubles From 14.9% to 29.9% | Passport + a second document confirming your stable employment and income level (certificate 2-NDFL, or a certificate in the form of a bank). |
History from life
“In the past, there was a 2-month delay on a loan, and although the loan was closed a long time ago, banks constantly refused to apply. I needed 50 thousand rubles - I had to take microloans in three MFIs. Just in case, three days later I applied to Tinkoff for credit limit at 30 thousand - I thought I would close 2 microloans. An employee called, we had a good talk, rewrote the application and approved the card limit of 60 thousand! Closed all loans. But, of course, they have a service ... A week before the next payment, they start to gouge with SMS, so I try to pay early.
Interest rates on short-term loans are so high because this MFI insures itself against delays on the part of the clientele. Hence the announcements like “We give money even to the homeless”, found on the Web. Maybe they don’t give homeless people, but it’s not so difficult for a person with a damaged credit history to get money to refinance a microloan. If the delay is single, try applying for a Tinkoff card. Even if you are charged a rate of 40% per annum, it will be much better than the available 2% per day.
If the banks refuse - a direct road to MFIs that refinance microloans. Here, not a credit history will be of great importance, but the presence of a steady income and a place of work. If you have it, the chances of refinancing interest at 75-80 per annum increase.
Be wary of loan brokers who promise loans with any credit history. Especially with those who ask for money in advance.
History from life
“For God's sake, don't believe anyone who promises to help you get a bad credit loan. I have already run into outright scammers twice. The scheme is as follows: you submit an application on the Internet, they call you back supposedly from the bank and say: the application is approved, drive up.
I’m flying with joy, on the way the “consultant” calls me three times, all the time from different numbers. It does not allow you to concentrate and think. When I approached the bank, he called back again and said that he had "convinced" the bank's administration, it was only necessary to "grease" the head of the security service. He, like, agrees for a modest amount, but he will only take money outside the bank.
I run to borrow 10 thousand from acquaintances, again I go to the bank. Some bearded man is waiting in front of the door, he introduces himself as the boss. Takes the money, goes into the building. I'm trying to call the "consultant" - the numbers are not active. At the bank, of course, no one had ever heard of a bearded head of security. With me, they also divorced a woman with a small child. Don't give any money up front!"
Information about late payments on a loan or microloan different organizations are transferred to credit bureaus (one or several at once) with varying degrees of efficiency. There are banks and MFIs that report to the BKI about late payment in a day, there are those that wait 3-4 days to avoid taking into account “technical” delays - when the borrower, for good reason, did not pay the same day.
Accordingly, many other credit institutions quickly become aware of non-payment on a microloan. Hiding the fact of delay is pointless and even harmful. On the other hand, it is useful to know what criteria for delaying payment are considered significant for banks and MFIs. The "barrier" in front of hopes to get a loan on at least some decent conditions is closed with a one-time delay of 30 days.
Even some MFIs will be afraid to contact a person who has delayed payment of a loan for 90 days. The most severe case is open arrears on the date of filing a new application.
The list of MFIs that can be re-borrowed if the current overdue debt is pressing is not too long, but it is available.
5 MFIs with the most loyal attitude to credit history and delinquencies
| MFI | Interest rate and amount | Terms |
| Credit24 | 9000 - 30000 rubles. From 1.9% per day for 7-30 days. | A very bad credit history may be offered to be corrected first by taking and returning successively several minimal loans. |
| Seimer | 1000 - 30000 rubles. From 0.63% to 2.2% per day for 7-30 days | For regular customers, the interest rate is 3 times lower than for first time customers. The service "Improvement of credit history" costs 1700 rubles. |
| eCabbage | 100 - 30,000 rubles. From 1.7 to 2.1% per day for 7-30 days | If you have not used this service before, then the first loan will cost you 0%, subject to timely repayment. |
| CreditPlus (Credit Plus) | 500 - 15000 rubles. 0.5 to 2.5% per day up to 30 days | There is an option “Loan Extension” during which you can extend the term of the loan if you do not have time to repay on time. You can also use bonuses under the program. For new clients, the first loan is at 0%. |
| MigCredit | 3000 - 98 000 rubles. from 97.655% to 358.404% per annum, up to 48 weeks | A variety of credit programs, long credit terms. High percent approvals, including for borrowers with bad credit and informal jobs. |
The borrower resorts to refinancing microloans when it is necessary to combine several loans into one and / or improve lending conditions, namely: to reduce the interest rate and the minimum monthly payment, to increase the period. Usually, the closing of old debts is made by a new creditor by direct transfer of funds; loans for such purposes are not provided on hand. Where and how to get such a service will be described below.
Dear readers! The article talks about typical solutions legal issues but each case is individual. If you want to know how solve exactly your problem- contact a consultant:
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A potential client can refinance his microloan or several loans only if he submits to the lender identification documents showing him real income, as well as agreements on existing obligations.
Applications for refinancing are considered only from citizens of the Russian Federation who have reached the age of 21-25, have a job and are registered in the territory of the Russian Federation.
The rate for this type of lending is set at 25-75% per year. The amount is equal to the amount of debt on all obligations. The period can reach 1-5 years.
The conclusion of a refinancing agreement is slightly different from the execution of a standard microloan.
To pay off old debts and apply for a new loan, you must:
Most lenders providing refinancing services directly transfer funds to MFOs, banks to pay off debts, and do not give money to the borrower.
An application for refinancing a microloan can also be submitted remotely. As soon as it is analyzed, the potential client will receive a response.
With a positive decision, the future borrower still needs to contact the lender's office for further processing of the transaction.
It is impossible to conclude an agreement remotely for refinancing. The term for consideration of the application is from one day.
If you do not know which companies provide refinancing or are not sure about the loyalty of the conditions, then we recommend that you familiarize yourself with the lenders listed below.
Companies helped close a large number of bad loans by offering a more gentle rate, reduced minimum payment:
Of course, if there are delays, then it becomes more difficult to get refinancing. The first thing experts recommend is to contact the bank, the MFI that issued the loan and try to resolve the issue without delay or by issuing on-lending.
If, nevertheless, this fails, then it is necessary to find a broker who will help, without income statements, guarantees and other additional conditions, to obtain refinancing. But brokers charge a considerable commission for such services - about 30% of the loan.
If the above options are not acceptable, try to find a lender on your own who will take on refinancing with delays, apply to all companies, as well as banking institutions who do not refuse customers with delays, for example: VTB, Raiffeisen Bank, Renaissance Credit.
If you want to get refinancing from a bank, you should remember that such a service is provided only to customers with an impeccable credit history. If the credit rating is damaged through your fault, that is, no mistake was made, then it will be more difficult to get refinancing.
Most likely, large banking institutions will refuse, but small ones, fighting for each client, may turn a blind eye to a negative rating. Additionally, the client can offer a pledge, surety.
A good argument can be proof of the borrower's current solvency.
But if the above methods have not led to success, there are still microfinance companies, lending centers and other similar organizations that do not pay attention to credit history.
But it is worth remembering that such structures do not always offer favorable lending conditions.
If you live in the capital, have a job and registration, we recommend that you contact banking institutions to receive refinancing.
In the table there is a list of banks that offer favorable lending conditions:
If you want to get refinancing without a guarantee, you can contact the banks listed above, but if they refuse, only microcredit companies remain.
Below are the basic conditions for each MFI:
Let's face it, it will not work in any credit structure to get refinancing in 1 hour.
In order for the company to make a decision, it needs not only to analyze the solvency of the borrower, but also to study loan agreements client under current obligations.
Often it takes 1-3 working days and only after that the lender is ready to make his decision.
If you apply to a credit company and ask to refinance your loans, then you should not count on getting a loan in cash or on a card.
Usually, lenders directly transfer money to MFIs, banks and thus repay the debt. Such loans are not issued on a card or on hand.
In order to receive refinancing of their bad loans, the client must comply with several formal requirements:
Perhaps the lender will indicate additional requirements that must be met, otherwise the loan will be denied.
To obtain refinancing, the client must submit the following documents to the lender:
Sometimes income statements or proof of employment are required.
Interest on refinancing depends on credit company to which the borrower applies, as well as the amount of debt. If the client contacts the bank, the rate can start from 15% per year, in MFIs - from 25-75% per year.
With the additional involvement of a credit broker, the service will become more expensive, since such an expert charges a commission for his services up to 30% of the cost of the loan.
An application for a decision is processed in about 1-3 days, the same amount of time is needed to prepare, sign an agreement and transfer funds to close loans.
When refinancing is issued, the client hopes for a reduction in the monthly payment.
In most cases, this is achieved by extending the loan term. Today, the refinancing period can reach 1-5 years.
Loan repayment is made according to the received payment schedule. Payments can be made once a month or more often. The payment scheme is annuity (in equal installments).
The client can pay the debt:
If the transfer of funds is made through a third-party company, then the commission charged by the intermediary for the transfer of money should be taken into account.
You should not look for the benefits of refinancing for a long time, they are all obvious:
