Everyone has difficult moments in life, including financial ones, no one is immune from this.

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If at the time of solving difficulties, money was urgently needed, but there is a valid loan, you can always arrange to refinance the loan for a while.

Refinancing loans is widespread throughout the country. Practiced in all banks and microfinance companies.

But not all of them admit it and few people make contact. Therefore, here you must either be persistent, or look for someone who wants to help.

Main Aspects

In a situation where the client is faced with difficulties in paying off an existing loan, you should not panic.

Basic concepts

Re-lending an existing loan from a client, for which, for some reason, debts have arisen, implies the issuance of a new loan to pay off the overdue one.

The interest rate, as a rule, decreases, the amount of payments decreases, for a more comfortable further repayment to the client, the term of the contract increases.

Thus, the financial burden on the client is reduced. These loans can be repaid ahead of schedule, which minimizes the overpayment of the commission.

For refinancing, a special one is drawn up, which indicates the purpose of the loan, the deadline for processing and the payment schedule until the final date of repayment of the full amount of the debt.

In addition, they may be asked to provide either one of their relatives or friends.

Importance of the deal

To legally settle the existing relations between the parties to the loan agreement is called the importance of the transaction. The degree of importance is based on the subject of the contract specified in its content.

The contract is considered from several sides, depending on the degree of importance:

• subject of the contract;
• duties of the parties
• term of the contract;
• contract extension;
• availability of commissions.

The legislative framework

Refinancing - refinancing of existing loans from a client by borrowing funds directly from the Central Bank of Russia.

The purpose of refinancing is to maintain the liquidity of credit institutions for their further implementation of sustainability in the field of lending to the population.

The procedure for refinancing is determined in three main legal documents of the Bank of Russia:

• BR regulation dated 04.08.2003 No. 236-P (as amended).
• regulation of the BR dated July 14, 2005 No. 273-P.
• regulation of the BR dated 12.11.2007. No. 312-P".

There are also a number of supporting documents to support the operation of the refinancing mechanism.

Features of lending

As well as banks of the Russian Federation, and MFIs are engaged in refinancing loans to citizens. Their conditions are relatively the same.

First of all, it is worth meeting the standard requirements, namely:

Conditions for providing MFIs online

As a rule, in order to refinance microloans and loans, you need to visit a branch of the company, but recently this procedure has become available remotely.

This is a plus for temporarily unemployed persons when there is no need to present a certificate of income. The client can apply online through the website.

When applying to a bank or MFI, you will need to present:

After that, the company itself makes transfers to the details of another bank to pay off the debt. Money is not handed out.

Each financial company has its own conditions, referring to the internal policy of the company. Where can you try:

Company name	Refinancing rate, % per day	Limit, rub.	Loan terms
Viva	0,54%	80 thousand rubles	12 months
Money Man	0,59%	50 thousand rubles	126 days
Loan Center	0,73%	50 thousand rubles	12 months
	0,54%	80 thousand rubles	455 days

On display is far from full list MFIs engaged in refinancing. It is possible to apply online in almost any bank and MFI.

As a rule, a preliminary answer will be over the phone, after which you still need to go to the department and bring a package of documents.

After checking them, the company will be able to offer the client specific conditions for reissuing a loan.

You can do without visiting the branch, but in this case, when applying online, you indicate a request for a regular loan, and not refinancing.

The money will go to the card or account, depending on what the client indicates, and then he will independently produce it.

How is refinancing with delinquency

Unfortunately, it cannot be said with certainty that MFIs and banks take on such loans that are in arrears. Rather, on the contrary, they practically do not deal with them.

They offer to first pay off the percentage of the debt and only then agree to accept the application for consideration. However, there is no guarantee that the decision will be positive.

You can try your luck in Russian banks, but only if you have a good credit history and the delay is only a few days. Otherwise, only microfinance companies remain.

Banks categorically refuse to work with very problematic loans. They won't even accept an application from a client. So don't waste your time and energy.

What documents will be needed

When refinancing, you may need different documents. It depends on what type of on-lending the client wants to issue and where. Banks are very strict and scrupulous about this.

There, only a passport will not be enough, you will also need to present:

• the second identity document (SNILS, TIN, passport, driver's license, etc.);
• from the place of work;
• work book and its copies;
• You may need to provide collateral or a guarantor.

In microfinance companies, this issue is approached more loyally. There you need the least amount of papers, as a rule, a passport is enough.

In some situations, a second document may be requested. Refinance loans here without proof of income. The set of documents varies depending on the institution and conditions of the company.

If refinancing occurs for products special for this case, then in order to attach other loan agreements for other loans or loans, checks on the last payments to the application.

Micro Loan Refinancing Agency

The Agency for Refinancing Microloans is a microcredit company whose activities are aimed at the implementation of the financial side of refinancing microloans of individuals.

All activities of the company in accordance with the law Russian Federation. Applications from citizens are accepted at the company's branches throughout the country, also remotely via telephone.

The company is based on mutual understanding and trust, adheres to openness and honesty, and is responsible in fulfilling obligations under contracts.

Comments are accepted via the customer hotline 78007755284.
Company address: 123100 Russia, Moscow, Presnenskaya nab., 12.15, Federation Tower.

Correct completion of the online application

When making an application remotely, you must clearly indicate the purpose of the loan request. If you want to refinance, then indicate so.

The procedure is standard, carefully enter passport data indicating registration, full name, date and place of birth, by whom and when the passport was issued.

On the website of the bank or MFI that you have chosen, go through registration, then you need to visit the client’s personal account and fill out the application form there.

You can download the questionnaire in the same office. Some MFIs ask you to attach scanned copies of your passport or other documents.

Therefore, if there are none, choose a company that suits your conditions. After sending the application, a response can be expected from an hour to a day.

The decision will be communicated by first calling you on the contact phone number, which is also indicated in the questionnaire, or by SMS.

Loan restructuring with bad credit history

The restructuring service can be used and conveniently if the client has a delay or damaged credit history.

MFIs are well aware of the complexity of the current financial situation of the majority of the country's population, so every third has debts on loans, etc.

Therefore, refinancing of microloans in Moscow is also provided with a bad CI. If there is a fairly profitable option to refinance an overdue loan, then you should use it.

But if the loan was issued for a short period, for example, for 1-3 months, then it is not worth the effort and time. As such, it will not benefit.

It’s better to tighten your belts and do your best to pay off the debt. It is better to apply for such types of services in MFIs, in banks, most likely, it will be almost impossible to refinance a loan.

In addition, banks aim for rather large amounts, while MFIs do not have such assets. MFs also provide a refinancing service for the unemployed.

Which banks carry out

Consider the most popular banks in Russia involved in refinancing microloans in Moscow.

Sberbank

Sberbank allows a client to apply for a loan to repay loans with the following conditions:

• the rate varies from 20.5 to 24.5% for up to 1-2 years;
• from 21.5 to 25.5% for a period of 2-5 years;
• from 17% per annum for up to a year without collateral;

Also, several products aimed at refinancing other loans for entrepreneurs and legal entities. persons with an annual revenue of no more than 400 million rubles.

There are no additional fees at Sberbank.

Tinkoff bank

The program at Tinkoff Bank involves the issuance of a Balance Transfer credit card, funds are transferred to another financial institution to a Platinum Tinkoff card.

The credit card has reduced interest rates from 24.9 to 45.9% per annum, with a grace period of up to 55 days.

The service is absolutely free. Within 90 days, no commissions or interest are charged on the card, provided that the client regularly makes minimum payments in the amount of 5% of the debt amount.

Russian standard

In Russian Standard you can refinance:

• credit cards;
• consumer loans;
• problem loans.

Having received a loan from a bank, it is not always possible to repay it in full on time. And since microcredit is characterized by high interest rates and heavy penalties, delinquency is literally expensive. In this case, refinancing of microloans comes to the rescue - debt repayment by another credit institution.

Dear readers! The article talks about typical ways to solve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.

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Briefly about microloans

A microloan is a non-purpose loan that has several features:

• a small amount available to receive;
• high interest;
• short loan term;
• the possibility of obtaining without references.

A microloan is issued for a period of 10 days to 1 month, some organizations are ready to offer a long-term loan for a period of 6 to 60 months. The interest rate is, on average, 1-2% per day. The maximum amount is 300,000 rubles, the minimum is 1,000 rubles. If the borrower is unable to repay the debt, then he can repay the accumulated interest by postponing the loan closing date for 2 weeks.

Terms and conditions of repayment with bad credit history

Most microfinance organizations are ready to offer a microloan to borrowers with a bad credit history. If the client has delays and debts in other banks, then the available amount will be minimal. At the same time, repayment periods are also reduced. The maximum duration of the loan is 1 month.

The conditions for obtaining a microloan for borrowers with a damaged credit history practically do not differ from the standard ones:

• amount - up to 10,000 rubles;
• rate - from 2%;
• you will need a passport and a second document (driver's license, SNILS, TIN, VHI policy, diploma of higher education).

Reliable information is an important condition for obtaining a loan with a bad credit history. It is required to specify the exact data: phone, address of the place of residence, work. The MFI may verify the information from the questionnaire. If fraud is detected, the organization will make a negative decision.

Which banks provide refinancing of microloans

The refinancing service is available in almost all banks in the country. But, despite the advertising and the widespread demand for on-lending, many organizations "close" this service temporarily. Consider where it is most profitable to refinance a microloan.

Name of the bank	Interest rate	Maximum amount, rub	income statement
Sberbank	16-24%	1 000 000	not required for cash withdrawal
VTB 24	17-30%	1 000 000	required
Home Credit	19,9%	500 000	not required
Rosbank	18-23%	600 000	required
Trust	20-33%	1 000 000	not required
Russian standard	24%	500 000	not required

Lending conditions are individual in each bank. For more information, please contact your chosen credit institution.

When is refinancing possible?

Refinancing a microloan is the repayment of a debt with a loan taken from another bank. That is, you will need to issue a new loan to close the existing one. The service is relevant only for long-term lending. If, for example, a borrower has issued a loan for 1 month, then it is much easier to find funds to pay off the debt or interest than to spend time on obtaining a new loan.

The on-lending service is available in almost all banks, including microfinance organizations. You do not need to have a positive credit history to apply for a loan. However, many banks only approve applications if there are no delinquencies within the last year or contract period.

Refinancing microloans is possible with a stable income, the amount of which allows you to get a loan (many banks require salary certificates).

Procedure

To refinance a microloan, you must perform a number of actions:

1. Choose a bank by considering the most favorable lending conditions for yourself
2. Calculate on a calculator full cost loan.
3. Submit your application.
4. With a positive decision, submit all the necessary documents and sign the contract.

When refinancing, funds are transferred to an account with an MFI, automatically paying off the debt. In many banks, in addition to refinancing, you can get money in cash. In this case, you will need to confirm your solvency with a certificate of income or a bank statement.

Please note that before refinancing, you must notify the MFI of your intentions. Some organizations do not provide for early repayment of the loan, or take a fine for this operation. In the second case, if the refinancing remains relevant, then the transfer amount should be increased taking into account the fine. If you do not pay the penalty, then it will increase over time.

Required documents

Refinancing does not require many documents. Enough passport and any second document to choose from (VHI policy, driver's license, SNILS). Many banks require a certificate of income and a copy of the work book, but this is only when refinancing several loans for a large amount, or when receiving additional cash.

If a positive decision comes from the bank, then you will need to take a certificate from the MFI containing the following information:

• information about the borrower;
• the full cost of the loan, the balance of the debt;
• crediting term full and residual;
• the presence or absence of delays, their time interval;
• bank account and personal account of the borrower.

The list of required documents must be clarified with the bank, providing information about the loan to be repaid.

The more documents the borrower submits, the higher the probability of obtaining a positive decision. Guaranteeing and securing a loan is an opportunity to refinance a loan on favorable terms.

Nuances of refinancing

• If it is not possible to refinance a microloan in banks, you can contact the MFI. But you should not take another microloan with a short term. On-lending is possible in MFIs for a period of 6 to 36 months. The interest rate will be about 0.5% per day.
• Many banks do not issue refinancing, but a regular consumer credit handing out funds. In this case, the main task is to bring funds to the MFI in order to pay off the debt, and not to take on another debt obligation.
• If the borrower receives a salary on the card of a certain bank, then for refinancing it is worth contacting, first of all, this organization.
• Credit history does not matter only in MFIs. Ordinary banks rarely agree to refinance loans from unscrupulous borrowers.
• You can refinance several loans taken from several organizations at once.

If credit organizations refuse to refinance, you can try to get a credit card. Card products are issued more readily than other types of loans.

You should not expect that when applying for refinancing, a decision will come within a day. As a rule, banks allocate at least three days to check the borrower. They check the correspondence of the data indicated in the questionnaire with reality, including interviewing friends, relatives, employers about the borrower.

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.

	Percent: 0.032%	Sum 1000000	Term: 1825 days	OK 99 %.	Design
	Percent: 1.84%	Sum 100000	Term: 365 days	OK 95 %.	Design
	Percent: 0.032%	Sum 1000000	Term: 1080 days	OK 96 %.	Design
	Percent: 0%	Sum 60000	Term: 126 days	OK 96 %.	Design
	Percent: 0.089%	Sum 80000	Term: 365 days	OK 99 %.	Design
	Percent: 0%	Sum 30000	Term: 21 days	OK 99 %.	Design
	Percent: 1%	Sum 50000	Term: 365 days	OK 99 %.	Design
	Percent: 1%	Sum 80000	Term: 365 days	OK 95 %.	Design
	Percent: 0%	Sum 30000	Term: 30 days	OK 97 %.	Design
	Percent: 0.055%	Sum 150000	Term: 1095 days	OK 94 %.	Design

Refinancing microloans - help from IFIs

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, banks that want to acquire a new clientele can also offer a service such as refinancing loans with a bad credit history. 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 be required to provide a certificate from a permanent place of 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 structures 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 the economic situation in the country is in an unstable state, many people lose the opportunity to receive their permanent income. For some, it goes down to the extreme minimum. Therefore, debts are no longer as easy to repay as before. And then many people begin to look for a legal way that will help reduce the financial burden on their own budget. And since microloans have now become available to everyone, so many people have found themselves in such a difficult financial situation. 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.

Microloan refinancing – which banks can approve?

The word refinancing itself implies that you, having already had one loan, apply for a 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 microfinance organizations. 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:

• A fairly small loan is issued.
• Those who apply to the bank on such an issue most likely have a negative credit history.
• There are difficulties with confirmation of official employment.

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.

• Interprombank - such an organization issues money for a maximum of sixty months and the maximum loan amount is one million rubles at 15 percent per year.
• Citibank - here you can get up to one million rubles, while the money is issued for up to five years.
• SOVCOMBANK - such an organization is ready to borrow up to four hundred thousand rubles, but at 12% per year. The loan term is 60 months.
• RENAISSANCE CREDIT – here the loan term is also sixty months. At the same time, you can get up to half a million rubles at 15.9% per annum.

Do microfinance organizations have special offers?

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:

• Money is issued to the borrower, who at the time of the application has already turned. The maximum age for a loan is seventy years.
• The client must be registered in the same place where the microfinance organization is located.
• Money will be issued to you only if you have a deposit or a document confirming your ability to pay.

You will not be able to 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 on different terms. But the most profitable loan can be obtained in the following companies:

• MigCredit - such an organization issues money for a maximum of forty weeks at 0.755% every day. The maximum loan amount in this case is one hundred thousand rubles.
• MoneyMan - here the term of the loan is only one hundred and twenty-six days. At the same time, you can get up to sixty thousand rubles at 0.59% per day.
• Loan Center - such an organization is ready to borrow up to one hundred thousand rubles, but at 0.73% per day. The loan term is one year.
• Home Money - here you can get up to fifty thousand rubles at 0.54% per day. In this case, the money is issued for up to 364 days.

(4 ratings, average: 3,75 out of 5)

At present, there are more and more cases in Russia when debtors are unable to repay their existing debt to the creditor on time. The main problem with the delay in paying a microloan is that the debtor begins to accrue penalty interest on a large scale. In this case, only the refinancing of a microloan can help the debtor, what this service is, as well as how to arrange it, will be discussed in this article.

Loan refinancing process

In most banking organizations, the presented procedure is as follows:

1. First you need to fill out the form and submit an application.
2. After that, the bank reviews the application and makes a decision. If the decision is positive, the bank will independently select the terms of the loan.
3. After that, the terms of the loan will be presented to the client. If he is satisfied with the conditions of the bank, then he can only sign the contract.
4. After signing the agreement, the bank repays the debt to the microfinance organization. From this moment, the client begins to repay the loan to the bank in accordance with the accepted payment scheme.

The meaning of the procedure is that the debtor takes a new loan to pay off the existing debt. In this case, he manages to avoid accruing penalty interest to the microfinance organization for delay. In addition, refinancing allows you to solve the following problems:

1. Consolidation of several loans into one. This allows the debtor to simplify the process of paying off debts, since after the consolidation of loans, he will need to give money to only one creditor.
2. Reducing the interest rate. Often, banking organizations offer their customers refinancing loans at more favorable rates. This can save you money that is paid to the lender.
3. Reducing the amount of the monthly payment. Thanks to the reduced interest rate, it is possible to reduce the monthly payment. In addition, the lender can extend the repayment period of the debt, which will also affect the reduction in the amount of the monthly payment.

Some banks offer refinancing of microloans with delays.

What loans can be refinanced

Not all microloans can be easily provided with softer conditions. The main reason for refusing to refinance is that the bank does not want to risk its money and secures itself from losses.

In addition, there are such microloans that are simply not subject to the refinancing procedure. Such microloans primarily include credit card debt, debt to a pawnshop or a private investor. However, even in these cases, you can find an organization that will agree to refinance debt to MFIs.

The main requirements for the client when refinancing a microcredit:

1. The amount of the debt. In most cases, banking organizations are ready to agree to refinance debt of from 30 to 500 thousand rubles.
2. Debt maturity. Basically, the loan period is set from one to five years (however, some banks may provide longer loan repayment periods).
3. Age requirements. Banks mainly issue loans to citizens in aged 20 to 70 years.
4. Availability of work. The client must have a permanent source of income.
5. Making one payment on a microloan.

Refinancing of MFI loans is a way out of a difficult situation when the loan grows and, along with it, interest due to delinquency.

Who refinances microloans

Services for refinancing microloans are currently offered by both banks and microfinance organizations. You can also get help from private investors or other credit institutions.

Banks

Cash loan from Renaissance Credit Bank

In the presented bank, you can easily get cash on credit for any purpose. Lending terms:

• loan amount - from 30 to 700 thousand rubles;
• repayment period - from two to five years;
• loan interest rate - from 11.3% to 24.7% per annum;
• client age - from 20 to 70 years.

On-lending of microloans in UBRIR

The Ural Bank for Reconstruction and Development also offers its clients a cash loan for any purpose without the provision of certificates and the presence of guarantors. Lending terms:

• loan amount - from 30 thousand to one million;
• Maturity - from 2 to 7 years;
• Loan rate - from 13% per annum.

Credit in OTP bank

OTP Bank also offers its customers loans for any purpose. Lending terms:

• sum Money, issued on credit - from 15 thousand to one million;
• debt repayment period from one year to 5 years;
• loan rate - from 11.5% per annum.

Online MFI refinancing is possible in personal accounts financial organizations.

MFI

Rusmicrofinance

The presented microfinance organization makes it possible to provide refinancing of microcredits on the following conditions:

• maturity - from 6 months to 5 years;
• loan amount - from 30 to 300 thousand rubles;
• loan rate - from 0.2% to 0.25% per day.

Blitz

Refinancing in this organization is carried out on the following conditions:

• issued only to customers with a good credit history;
• minimum age of the client 21 years old;
• refinancing amount - from 3 to 100 thousand rubles;
• interest rate - 0.5% per day.

money man

This organization provides its customers with the opportunity to extend the existing loan for a period of a week to a month. If extending the repayment period does not solve the problem, the client will be able to refinance under the following conditions:

• loan amount - from 1.5 to 70 thousand;
• maturity - up to 18 weeks;
• interest rate - 0.5% per day.

Refinancing procedure remotely and online

You can apply for refinancing in the same way as a loan without visiting a bank branch. You can do this directly on the website of the credit organization to which you are going to apply for help. The order of the remote procedure is as follows:

Refinancing microcredit should be done carefully so as not to aggravate the financial situation.

Evgeny Malyar

# Refinancing

Features of MFI refinancing

It should be remembered that the maximum amount of accrued interest on a microloan cannot exceed 200% (FZ-151). If you reach this figure, refinancing loses economic benefit.

Article navigation

• The essence and scheme of refinancing an MFO loan
• Features of the procedure in the presence of delays
• Methods for on-lending microloans
• Bank refinancing of a microloan
• On-lending of a microloan in an MFI, one's own and someone else's
• Refinancing of microloans in CPC and specialized companies
• Which banks refinance microloans
• Brief useful conclusions

There is a reasonable opinion about microfinance organizations: they can quickly and without any problems get money at an extortionate rate. If the debt is not repaid on time, interest accrues so quickly that it turns into a real disaster. There is only one way out - to re-borrow the required amount somewhere and pay off with a demanding creditor.

An article about how to refinance microloans with delinquencies and who refinances MFI loans.

The essence and scheme of refinancing an MFO loan

The motivation for applying to one of the microfinance organizations is most often the extreme need for funds, combined with the inability to get them in some other place. The borrower usually plans to pay off quickly and overpay a little. In MFIs, the loan rate is so high that it is indicated on a daily basis (for example, 2% per day) - the annual value can terrify with its very appearance.

The fact that refinancing is necessary is suspected by borrowers whose plans for quick debt repayment were not destined to come true. They begin to urgently look for ways to refinance and face major problems.

Initially, many factors interfered with taking a loan from a bank at an acceptable percentage, including lack of time, not the best credit history, the need to provide a voluminous package of documents, guarantees, guarantees, collateral. To receive money in an MFI, as a rule, all this is not needed - one passport is enough.

Now, with debt growing daily, it is becoming clear to MFI borrowers that there is no other way. It is necessary to look for a bank or other financial institution that is ready to pay off a rapidly increasing debt. At the same time, the obligations taken on a new loan may provide for the payment of high interest - in any case, they will not be calculated at a three-digit figure, which means that refinancing is obviously beneficial.

Is it possible in such conditions to find the most profitable option? Yes, if you correctly assess the situation and choose the best way to refinance.

Features of the procedure in the presence of delays

When applying to a bank for help, an MFI borrower faces the same problems as when obtaining any other loan. Its solvency is assessed according to standard criteria. A debtor with a bad credit history applying for a microloan refinancing should be prepared to be rejected without explanation. Nevertheless, they are.

If the amount of debt is small (up to 50 thousand), bank representatives simply do not want to contact her and start a complicated registration process. Too large debt with arrears, burdened with fines, is also not interesting: no one needs problem customers.

For borrowers whose credit history contains occasional microloans, the attitude of banks is always wary - they are checked very carefully. Such facts indicate periods of financial instability. It is logical to assume that extremely constrained or hopeless circumstances force a person to apply to an MFI.

There is nothing surprising in the fact that the refinancing service is provided in compliance with all possible measures to ensure repayment. These are understood as: the provision of liquid collateral, a guarantee, officially confirmed income (adequate to the amount of debt) and an age corresponding to the established range.

Based on the combination of signs that make it possible to judge the applicant's ability to successfully repay a new loan, a decision is made on approval or rejection.

When applying for a loan to refinance debt to an MFI, the applicant is most often able to independently assess his chances. If they are small, other options may be considered.

Methods for on-lending microloans

Objectively, there are only three ways to refinance debt to microfinance organizations. A loan can be obtained from a bank, an MFI (the same or a different one) and by joining a credit consumer cooperative (CPC). Each of these methods, along with advantages, has disadvantages.

It should be remembered that immediately after the repayment of the microloan, it is necessary to take a certificate of absence of debt from the MFI.

Bank refinancing of a microloan

This method is considered optimal. It is theoretically possible to get rid of financial bondage by transferring the debt into the category of an ordinary bank loan with a moderate rate. To do this, you should take a regular consumer loan, and “plug the hole” with them. It is better to do this immediately after the even larger problem that caused the appeal to the MFI is closed. In the initial period, it is possible to refinance even several loans. With a delay (it is best not to bring it to it: it always spoils the credit history), bank refinancing becomes more complicated.

According to statistics, in Russia microloans are taken for relatively small amounts (up to 30 thousand rubles on average) and it is not at all necessary to wait for their multiple increase. Tinkoff Bank willingly issues to its customers overdraft credit card. “Having put out the fire”, you can more easily pay off the debt that has arisen, already taken at a much lower percentage.

It seems that this almost ideal way out of a difficult situation is good for everyone. It has, however, also disadvantages.

First, it is available only to those who most closely match the image of the ideal borrower from the bank's point of view. This implies a good credit history, solvency, availability of collateral, guarantors, etc. A natural question arises as to what wind brought such a respectable gentleman to a microfinance organization.

Secondly, obtaining a loan from a bank (with the exception of an overdraft and available funds on a card account) takes time, and in this situation it is more expensive than money.

And finally, thirdly, the interest on loans issued by credit cards is quite high. Of course, compared to the daily rates of MFIs, they look quite acceptable, but still ...

However, with all the shortcomings, it is best to issue a Tinkoff card, pay off the MFI, and only then think about how to further pay off the debt. This is the best option, and implementing it, the main thing is not to waste precious time.

Get a Tinkoff credit card

On-lending of a microloan in an MFI, one's own and someone else's

The main disadvantage of bank refinancing of MFO loans is the limited access to this service. But it can be quite easily obtained from the lender itself or from another microfinance organization. The reason for complaisance lies in the Federal Law FZ-151, which prohibits the accrual of interest that exceeds more than twice the borrowed amount. In other words, the MFI cannot require the debtor to repay more than three amounts of the initial loan in total.

The operation of the law FZ-151 can be explained by an example. Someone took 10 thousand rubles from the MFI. Every day, 200 rubles (2%) were accrued on this amount. After 100 days, the creditor's remuneration reached 20 thousand rubles, and the total debt amounted to 30 thousand rubles. From this moment on, the accrual of interest should be terminated.

In practice, seeing the difficulties that the borrower has, MFIs helpfully offer to issue a new microloan, and even at a more gentle percentage (sometimes symbolic). In addition, the client must make some minimum payment to confirm his good faith. In fact, this is also a refinancing.

The logic is simple - it is better to get a tripled amount (and preferably something else in addition) than to bring a borrower who does not know his rights to complete despair. Bringing a microfinance organization to trial with a vague prospect is not easy.

The interest of third-party MFIs offering refinancing is just as mercantile. They simply attract a client who can earn money on the usual scheme for issuing a microloan at a high rate.

List of reliable MFIs with the possibility of refinancing

	Term and amount	Percent	Link
GreenMoney	30 days, 15000 rub.	2.1% per day	Get a loan
money man	15 days, 10000 rub.	0% (new clients)	Get a loan
credit plus	30 days, 15000 rub.	0% (new clients)	Get a loan
Seimer	30 days, 30000 rub.	0.63 to 2.17% per day	Get a loan
eCabbage	21 days, 30,000 rubles	From 0%	Get a loan

Refinancing of microloans in CPC and specialized companies

Credit consumer cooperatives are not yet very common, but have already proven their effectiveness. The principle of their work is that the members of the organization get access to borrowed funds, including for the purpose of on-lending debts against the security of their real estate. The amount of money borrowed may be small and the interest high, but these conditions are still better than in MFIs. Joining the CPC is paid. Membership involves the payment of regular contributions (small amounts).

The disadvantage of this method of solving the problem is that participation in the cooperative should be taken care of in advance.

Refinancing of debts to MFIs is a rapidly developing segment of the financial market. The potential is huge - customers are willing to pay for on-lending microloans at a rate that exceeds the average level. Specialized companies engaged in this activity successfully promote their product. An example is Analytic Finance (St. Petersburg), which offers refinancing of microloans in conjunction with other debts at 25–27.5% for up to five years. The percentage depends on the degree of return guarantee and can be much higher (more than 80), but the probability of approval of the application is almost one hundred percent.

Which banks refinance microloans

Banks that refinance microloans in Moscow, St. Petersburg and in the regions are conditionally divided into categories more and less loyal to borrowers. First of all, the severity of the attitude towards credit history and the amount of confirmed income is implied. All banks perform the check, but their percentage of failures is different.

The “conservative wing” includes VTB and Sberbank, while Home Credit, Renaissance and Tinkoff, for example, are highly tolerant.

For convenience, a list of the most well-known banks that refinance debts to MFIs is given in the table.

Bank	Amount (rubles) and rate	additional information	Link
"Tinkoff", on the credit card "Platinum"	Up to 300 thousand, 12.9–49.9%	Electronic banking - all operations are carried out remotely, online without visiting branches (there are none)	Get