A microloan is a presentation of a small amount of money for a short period of time, based on their urgency, repayment and payment. If there is an urgent need to reduce interest, the borrower can always apply to other banks or MFIs with a request to refinance existing loans.

The main condition is the absence of delays under the current program, but even if they exist, the use of collateral can solve the problem even for obtaining a loan from a bank. Consider further where it is possible to refinance microloans and loans.

Refinancing is one of the ways to alleviate the financial situation of the borrower in order to prevent a situation of delay and deterioration of the financial situation. In case of late payment, penalties are charged for delay, which significantly increase the amount of debt.

In addition to refinancing, relief of the credit burden can be carried out in the following ways:

• – update the loan agreement with new conditions, for example, with an increase in the loan term, with a decrease in current payments;
• borrow money from friends;
• Appeal to private investors, etc.

Refinancing today remains the most acceptable way, which allows not only to solve financial problems, but also to avoid. The whole point of the procedure is that a new loan is taken to pay off an existing one. Usually, this implies a situation where the new creditor knows about the ultimate goal of obtaining funds to pay off another debt, which is why there are refinancing programs.

Most often, such a need arises if the MFI prohibits extending the term of the contract, or in case of delay, rather large fines begin to accrue.

Is it possible to refinance if there is an overdue loan?

IFC, like any other credit institution, when working with a borrower, transmits information to a credit bureau. Data from the BCI can be requested by any participant in the credit sector who is going to issue a loan to the borrower, but only with his consent. For this reason, there are some restrictions on refinancing if the borrower had delays. But there is one peculiarity: in the Russian market, where credit institutions apply for information about clients and the clients themselves. In this case, the lender transfers the dossier to any one specific BKI (including the delay), but the new lender may request information elsewhere. Sometimes it makes sense to request an extract from the BCI about yourself.
It is usually unrealistic to refinance a loan with a delay in a bank. MFIs offer such a service, but a high interest rate can make refinancing impractical - some companies initially offer programs to refinance overdue loans at the highest possible interest rates. There are also restrictions on the terms of the refinanced loan. It is also sometimes possible to agree with the old MFI on debt restructuring, but it is necessary to make three current payments and only after that apply for a new loan.

It is also worth first looking for a microfinance company that issues an interest-free loan and apply there. Or pick up an application to a "younger" bank, which is aimed at increasing the client base. If the application is refused, then you should contact the company with higher rates.

To reduce the overpayment, you can. In this case, you can find an MFI with a rate of 0.2-0.5% per day, or even a bank. This is much less than with a standard loan, but the terms here are longer. In any case, organizations allow you to repay the loan ahead of schedule with recalculation of interest.

When applying for a loan with a pledge, it is worth remembering that the property drawn up under the agreement, in case of non-payment of the debt, will become the property of the financial company. But if you carefully follow the payment schedule, you can really solve the problem with debts with minimal financial losses.

Before you take a loan to pay off microloans, you need to clarify all the nuances of a future transaction. So, many borrowers simply take out a new loan to pay off the old ones, and as a result, both the loan amount and interest on it increase. To prevent this from happening, you need to look for such a loan so that the interest on it is lower than on the current loan. Among the options:

• You need to try to get a loan from a bank, and only then turn to a standard microfinance company, where the rates are much higher.
• An interest-free program is perfect for refinancing (a start-up loan for a small amount in a number of MFIs is issued at 0), as well as a loan from a private investor. Such investors, as a rule, lend money on more loyal terms than MFIs.
• If the loan is denied, and if the debt is overdue, then you can take a loan secured. Today, many banks, including Sberbank of Russia and VTB-24, offer programs secured by property. Such loans are approved by almost everyone who applies, because in case of late payment, the property of the borrower . The collateral must be in the sole ownership of the client. If the debt is paid on time, then nothing threatens the property, it will be released from collateral on time as soon as the loan agreement is closed.
• It is possible to agree on a partial payment of the debt, since microfinance companies are well aware of modern legislation and will indeed stop charging fines.
• Can . This procedure allows you to get rid of debts altogether, since it implies that the borrower becomes completely insolvent. In this case, the court seizes from the debtor the property belonging directly to him, to pay off the debt to creditors. This is most advantageous for clients who do not own property.

The activity of a financial institution when working with a borrower and collateral is regulated by the norms of two legislative acts:

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, cash No one will give you 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.

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. Once I paid 2 tr., 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 understand my difficult situation and if I pay 40 thousand by the end of the week, the rest of the debt will 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 MFIs collect debts much more aggressively 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 the best ways to do this is by refinancing.

How to refinance a microloan

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 MFO 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 your 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 get not the most 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 a more favorable percentage 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.

Three ways to refinance a microloan

There are three ways to get out of an impending or deepening debt hole.

Method #1: Refinancing a microloan at a bank

The most successful holders of MFI loans are refinanced in banks. More often we are talking not about refinancing in the full sense of the word, but about a new consumer loan, with which the bank client independently repays the 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 getting a loan from these financial institutions will be easier than others.

Factors that increase the likelihood of refinancing a microloan in a bank:

• Absence of delinquencies on any loans in the credit history
• High official income
• Having liquid property (cars, real estate)
• Permanent residence in the region where the bank operates

Factors that reduce the likelihood of refinancing a microloan in a bank:

• Delays on any type of loan
• Lack of a permanent job and official income

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 semi-annual consumer credit 30,000 rubles from Renaissance Credit at a maximum interest rate of 26.5% per annum.

Method #2: Refinancing a microloan in another MFI

If banks refuse a loan, and the debt grows dangerously, 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 for on-lending: 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:

The loan broker NKB Group, operating in St. Petersburg and the Leningrad Region, has less clear refinancing conditions: the company declares an interest rate of 0.21% per day for an amount of 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! I signed an agreement with Refinanceruy.rf for a year, a monthly payment of about 4 thousand rubles - compared to 8 thousand in Quick 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 the mandatory provision of a certificate of income, 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 website 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 for many MFIs 720% per annum, 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.

Method # 3: On-lending a microloan in the same MFI

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 unable 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.

How to refinance a microloan

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.

Refinancing microcredits: requirements for borrowers and necessary documents

Unlike the issuance of microloans, on-lending at a lower interest rate in large MFIs is impossible without providing a package of documents, sometimes quite voluminous. Requirements for clients are also quite stringent.

• The age of the borrower is from 21 years (up to 25 years - a guarantor older than this age is required) to 70 years (NKB allows up to 75 years). CPC "Promoting the Development of Mutual Lending" is ready to refinance loans to clients from 18 to 67 years old.
• Some MFIs require work experience of at least 3 months (from the borrower or guarantor).
• Citizenship of the Russian Federation and permanent registration on the territory of the Russian Federation are required (not in all MFIs. In Analytic Finance, for example, they also lend with a temporary residence permit).
• Confirmation of income and employment (not required in Refinance.rf and some other MFIs).
• At least one payment must be made on the loan to be refinanced.

The best banks for refinancing microloans

Since banks do not carry out classic 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

Bank's name	Interest rate and amount	Documents and conditions
Sberbank, unsecured consumer loan	From 30,000 to 3,000,000 rubles.	Passport, certificate 2-NDFL, minimum work experience of 3 months, permanent or temporary registration in the Russian Federation. For owners of a salary account with Sberbank, documents confirming employment and income are not required.
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, registered 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	Passport, . With a loan amount over 200 tr. copy of labor + certificate 2-personal income tax.
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 a credit limit of 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.

How to refinance a loan with bad credit

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 great importance will not have a credit history, 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, do not believe those who promise to help you get a loan with a bad credit history. 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!"

Is it possible to refinance a microloan with a delay?

Information about late payments on a loan or microloan is transmitted by different organizations 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	Conditions
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 Cashback program. For new clients, the first loan is at 0%.
Honestly	3000 - 30,000 rubles. From 1% to 2.1% per day from 5 to 30 days	You'll get a quick loan even if you're part-time and don't have a perfect credit history.

FAQ

What loans can be refinanced?

In MFIs and brokerage houses engaged in on-lending, up to five microloans can be refinanced, for each of which at least one payment has been made. This includes loans taken for the first time and microcredits of regular clients of MFIs.

On-lending of overdue loans is carried out in the format of obtaining new microcredits. At the same time, conditions do not significantly improve, but you get rid of overdue debt - this is good for your credit history.

Why refinance microloans at all?

Until March 2016, the accrual of interest on microcredit, including in case of delay, was not limited to anything, therefore, such cases as in Saratov, where in August 2015 collectors bricked up the debtor’s door with building foam, and at the same time the entrance were considered almost the norm into the elevator at her site. The woman has accumulated a microloan debt of 50 thousand rubles (the initial microloan was 12 thousand).

After the next amendments to the federal law on microfinance activities (No. 151-FZ) came into force on January 1, 2017, the maximum amount of interest, penalties and fines in case of delay is limited to twice the loan amount. That is, if you took 30 thousand rubles from the MFI, then without even paying a penny and if you are late in payments for a year, you will not owe more than 60,000 rubles. And yet the amounts remain very tangible - as in this example, where 90 thousand rubles are required to be returned.

You can avoid a significant overpayment if you stop the occurrence of debt in the bud - preferably even before the stage of the formation of a delay. Then you will save tens of thousands of rubles on interest, save the purity of your credit history and save your nerves, which is also important.

Real life example

“I worked in a cool company, in a modest position, but I was pleased with everything. Circumstances developed in such a way that I had to take three loans from MFIs in a row, on the third one I could not repay 30 thousand in time, then re-borrowed, then another - and off we go. The total debt turned out to be 50 thousand. The collectors called me once and that's it, I thought they were lagging behind. And they, it turns out, began to work on my superiors.

They told me later that they called all the bosses three times a day and dripped on their ears - why are you keeping a scammer at your place. And in the end, the head of the department came and said: either solve your debt problems tomorrow, or the door is over there. I had to quit."

Is it true that MFIs approve almost all applications for microloans, but much less for refinancing?

In the statistics presented on the websites of microfinance organizations, the percentage of approval of applications ranges from 93 to 99%. It is difficult to vouch for the accuracy of these figures, but judging by the reviews, they are not too far from the truth. But the same cannot be said about re-crediting.

History from life

“My parents needed urgent repairs in their house, they issued several microloans in different MFIs, but they didn’t manage to repay them on time - both pensions and my salary went to buy a boiler for heating. Fines began to accumulate - every month they paid only them and interest (about 17 thousand), the loans themselves had only to be extended.

I applied to Refinance.rf, twice asked for a loan in my name to combine all the loans of my parents - they have such a service. I have a credit history with one delay of 5 days, a salary of 40 thousand. They didn’t give it – without explanation.”

Why don't banks offer to refinance microloans?

There are two factors behind the reluctance of banks to engage in on-lending to MFIs. First, the reason is the small amount of debt. Borrowers who are able to fulfill the conditions of banks (permanent income, length of service, registration, good credit history, and so on) cannot physically accumulate large debts in time. And a rare bank will give 20-30 thousand rubles - more often it starts with 50,000 rubles.

Debtors with large amounts of loans and fines are of no interest to banks, since they are problem customers. Keep in mind: if your credit history has a record of a microloan, even repaid on time, banks will analyze your solvency with more attention.

Read more about refinancing:

Video for dessert: When life is good!

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 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.

It's fast and FOR FREE!

Conditions

A potential client can refinance his microloan or several loans only if he submits to the lender identification documents showing his 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.

How to apply?

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:

• submit an application in the way that the lender offers (remotely, in the office);
• provide the prospective lender with copies of existing loans;
• familiarize yourself with the proposed lending conditions (term, minimum payment, interest rate, etc.);
• to sign documents.

Most lenders providing refinancing services directly transfer funds to MFOs, banks to pay off debts, and do not give money to the borrower.

Online application

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.

Line of offers

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 to close a large number of bad loans by offering a more forgiving rate, reduced minimum payment:

Refinancing of loans with delinquencies

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 that do not refuse customers with delays, for example: VTB, Raiffeisen Bank, Renaissance Credit.

With bad credit history

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.

In Moscow

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:

Without a guarantor

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:

Urgently

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 the client's loan agreements for existing obligations.

Often it takes 1-3 working days and only after that the lender is ready to make his decision.

On the map

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.

Requirements for borrowers

In order to receive refinancing of their bad loans, the client must comply with several formal requirements:

• citizenship of the Russian Federation;
• age - from 21-25 years;
• permanent registration;
• permanent source of income;
• submission of necessary personal documents, as well as agreements on existing loans.

Perhaps the lender will indicate additional requirements that must be met, otherwise the loan will be denied.

Required documents

To obtain refinancing, the client must submit the following documents to the lender:

• passport;
• documents on existing loans;
• additional proof of identity.

Sometimes income statements or proof of employment are required.

Interest

Interest on refinancing depends on the credit company to which the borrower applies, as well as on 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.

Timing

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.

How to repay?

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:

• through the cash desk of a credit company;
• through any Russian bank;
• in terminals;
• from a plastic card, etc.

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.

Advantages and disadvantages

You should not look for the benefits of refinancing for a long time, they are all obvious:

• refinancing allows you to combine all existing, outstanding loans into one loan;