Mortgage refinancing in the year Sberbank. Improving payment terms

Mortgage refinancing at Sberbank in 2018 under a renewed and updated program. What has changed in this program in 2018? What are the bank's requirements?

New mortgage refinancing program at Sberbank: step-by-step refinancing procedure in 2018

Today we will talk about the renewed and updated program refinancing at Sberbank. You will find out what has changed in this program in 2018, the essential conditions and requirements of the bank, as well as how step by step is happening mortgage refinancing at Sberbank.

Mortgage refinancing - this is the application and receipt of a loan with a more favorable interest rate in order to repay a loan from a financial institution with higher interest rates. In essence, this is refinancing, which makes it much easier and faster to repay a previously issued loan. It is worth understanding that refinancing can be profitable if the difference between the established interest rates is 2-3%.

In Russia, quite a few banks offer mortgage refinancing, including Sberbank, one of the country’s popular and trusted banks. If you manage to refinance with this institution, you can get serious benefits. The most important thing is to meet certain requirements and fulfill the conditions established by the bank.

Mortgage refinancing at Sberbank allows:

Combine a mortgage with other types of lending, including a credit card, into one large loan and transfer them all to Sberbank;
The debt burden on the family is reduced by reducing the monthly payment;
The convenience of servicing loans is increased - everything is paid at Sberbank in a single payment on one date and to one account;
You can get another 1 million rubles for personal purposes, repairs, for example, at a mortgage rate, which is much more profitable than a consumer loan;
Refinancing can be carried out without the consent of the primary lender and without interim collateral;
There is no need to provide a certificate of outstanding loan balance;
Accept a finished house with land as collateral;
It is permissible to change the currency, which allows you to convert a foreign currency loan into a ruble loan.

Important! It is advisable to refinance the mortgage after a full refund of the personal income tax on the property deduction for the apartment and after you have made a refund of interest on the mortgage. Otherwise, problems may arise with the tax authorities. Especially if you are not only refinancing your mortgage, but also other loans or taking out the amount for personal purposes.

What loans can be refinanced

At the moment, Sberbank provides the opportunity to consolidate in one loan not only a mortgage, but also other loans previously received from different financial institutions.

Using a lending program such as “Refinancing secured by real estate”, you can refinance:

One mortgage loan;
Up to five other different loans. These include:

Consumer loan;
Credit card;
Car loan;
Card with overdraft.

Important! Having a mortgage loan is a prerequisite here.

Sberbank provides an opportunity to conduct mortgage refinancing both secured by an apartment, a country house with a plot, a townhouse or a room.

Terms and requirements

This financial institution has special conditions under which mortgage refinancing at Sberbank. Only if they are strictly followed can you count on a profitable loan transfer.

Collateral requirement

The apartment or house must be built. If you don’t yet have a certificate in hand, then refinancing your mortgage is impossible. The bank does not accept claims as collateral.
The property under the refinanced mortgage must be mortgaged to another bank. After repaying the debt, an obligation arises within 2 months to issue a mortgage on this housing in favor of Sberbank.
If you own another home without encumbrances, you can also pledge it to the bank and refinance the mortgage. This is especially true for those whose facility has not yet been commissioned or built.

Loan requirements

No current arrears or arrears for the past 12 months (allowed 1 to 30 days or no more than 3 to 5 days);
Issued more than 6 months before the date of application;
There are more than three months left until the end of the loan;
If a Sberbank loan is refinanced, then the application must be made at the same territorial bank where this loan was issued.

Requirement for the borrower

Russian citizenship;
Age 21 – 75 years at the time of graduation;
Work experience – 6 months in the last position and at least one year in the last five years;
The second spouse must be a co-borrower, unless otherwise stated in the marriage contract.

1% should be added to the rate:

For the period of closing a mortgage in another bank before registering the mortgage;
Before confirmation of other refinanced loans;
In case of refusal of life and health insurance.

The minimum amount for refinancing at Sberbank is 500,000 rubles. The maximum amount depends on a number of parameters, but should not exceed 80% of the collateral price:

5 million rubles to pay off a third-party mortgage;
1.5 million to pay off other loans and cards;
1 million for personal purposes.

Mortgage refinancing is possible for up to 30 years.

Step-by-step refinancing procedure in 2018

Refinancing a mortgage loan at Sberbank can be divided into two stages:

Approval of the application and pledge;
Issuance of a loan from Sberbank.

Both of these stages have certain nuances. Next we will analyze them in more detail.

Approval of application and pledge

Preparation of the initial package of documents for approval of the application.
Filing an application. Review will take 2-3 business days.
Preparation of documents for the property. The approval process will take no more than 5 business days.
Setting a transaction date.

Be sure to check it out.

Loan issuance and rate

Signing a loan agreement and issuing the first tranche to pay off the mortgage in a third-party bank - the rate is 11.5%.
Paying off a mortgage from another bank and obtaining a certificate of full repayment of the debt - the rate is 10.5%.
Signing a mortgage agreement and registering a pledge in favor of Sberbank - rate 9.5%.
Issuance of the second tranche to repay a consumer loan/card, etc. and obtaining a certificate for Sberbank on termination of obligations - rate of 10%.
Issuing the next tranche to repay the next loan and providing a certificate of closure, and so on until all applications for the loan are repaid - the rate is 10%.

Benefits of loan refinancing and calculation example

Before carrying out the process of refinancing or refinancing, it is worth making certain calculation manipulations in order to understand in which cases it will be profitable to refinance and in which it will not.

In our article “” we examined in detail all the pros and cons of this procedure. We recommend that you familiarize yourself with them before going to the bank.

Now we will show in numbers the benefits of refinancing with a fairly large credit load.

For example, let’s take a situation where there is a mortgage in Rosselkhozbank with a debt balance of 2 million rubles at 13% per annum and a payment of 23431.51. Consumer loan with a balance of 80,000 and payment of 2119.51. Credit card at 16% per annum and a debt of 100,000 rubles and a mandatory payment of 5,000 rubles per month.

According to this example, the monthly payment for all obligations will be approximately 30,550 rubles. If you refinance at Sberbank, then for 20 years after registration of the collateral and repayment of the loan and card, the payment will be approximately 22,724 rubles, which is almost 8,000 less.

It should be understood that the overpayment will be approximately 3.27 million rubles. This is 400,000 more if everything had remained as it was before the refinancing.
You also need to understand that the loan and card will close in no more than 2-5 years, and if you include them in a mortgage, then you will have to pay for them for the entire 20 years, albeit at a lower rate.
When calculating the total economic benefit from the refinancing, you will need to take into account all the necessary additional expenses that may arise during the registration process. These are expenses such as payment for services for the assessment of the collateral in possession, as well as state duty, which is paid after the removal of the encumbrance and after the secondary registration of the collateral.
It is mandatory to renew the insurance contract, for which some banks charge 1% of the amount of the previously issued loan.
Let us remind you that you will lose the right to a refund of interest and a property deduction, and these are also significant amounts if you have already used them on a refinanced mortgage.

Possible refusal to refinance

Although financial institutions are willing to accommodate clients who seek refinancing as a method of luring away clients, in some cases this process may be denied. This is possible for the following reasons:

The refinancing process is not possible due to a person’s negative credit history or previous criminal record.
Refinancing is not carried out even if a person has just started repaying the loan, then you will have to wait a little for about six months.
Refinancing should not be carried out if the borrower’s income has decreased or additional dependents have appeared.
Change of job and insufficient experience.
In some cases, the subject of collateral raises doubts. Even if it completely satisfied the previous creditor, it is not a fact that Sberbank will be satisfied with it.

Summing up

Based on the results, several important conclusions can be drawn:

Proper lending helps solve many different problems. By increasing the loan term, you can significantly reduce the monthly fees.
The popularity of the refinancing process is also based on the fact that borrowers are given the opportunity to change not only the level of the interest rate, but even the currency.
For people who have experienced a decrease in their level of material income, if a person has several loans at the time of renewal, this service is the best option.
Refinancing is carried out by many modern financial institutions, but it is Sberbank that offers the most favorable interest rates, as well as fairly favorable conditions and maximum efficiency in the process of processing refinancing.

Question answer

Question: I have a mortgage with Sberbank, can I refinance my mortgage with Sberbank?

Answer: Sberbank refinances only other people's loans; they do not refinance their own mortgage.
But you can apply for an interest rate reduction at Sberbank once a year.
Sberbank reduces mortgages for its clients.

Question: What documents are needed for refinancing and is a bank certificate suitable?

Answer: Depends on the bank. If he accepts certificates, then it’s possible.

In unstable economic conditions, more and more young families are faced with the inability to make timely payments on housing loans; one of the solutions may be to refinance the mortgage with Sberbank in 2019.

Since housing loans are long-term, it is quite difficult to avoid mortgage risks and not everyone succeeds. During the payment process, there is a possibility of an imbalance between income and expenses, which leads to a violation of the borrower’s solvency. Refinancing mortgage loans will help solve this problem.

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Home loan refinancing

Refinancing, or refinancing, is the repayment of an old loan by obtaining a new loan on more favorable terms at a lower interest rate. Sberbank of Russia is the latest major player in the Russian financial market to begin refinancing previously taken mortgage loans from other financial institutions.

Conditions for refinancing

Mortgage refinancing at Sberbank has a number of features.

The minimum requested amount must be at least one million rubles, the maximum amount no more than 7 million rubles. The loan size is calculated separately for each specific case and should not exceed the smaller of:

80 percent of the value of the property;
the outstanding amount of debt without taking into account the cost of the loan (interest is not included in the loan amount).

The interest rate for refinancing starts from 10.9 percent per annum. In addition, the fee for using the loan increases by 1 percent:

until the original loan is repaid;
before registering a mortgage transaction;
if the client refuses to insure his life and health.

That is, with a combination of three positions, your rate will be 13.9 percent per annum.

The loan can be taken out for a period of up to 30 years.

IMPORTANT! Sberbank provides the opportunity to refinance housing loans only from other banks; it is not possible to refinance a Sberbank mortgage.

Requirements for the borrower

For a positive decision from the bank, the borrower’s age must be in the range from 21 to 75 years, and by the time the last payment is repaid, the client must be no more than 75 years old.

To refinance a mortgage, your work experience at your last (current) place of work must be at least 6 months, and your total work experience over the last 5 years must be at least 1 year.

The client has the right to involve only his legal spouse as a co-borrower.

IMPORTANT! If the documents for the initial loan indicate a spouse as the main (title) co-borrower, then the loan must be reissued to this individual.

Required documents

Is it possible to minimize the time spent on re-registration? Of course, if you prepare all the required documents in advance. After all, refinancing is based on obtaining benefits due to the difference in interest. Therefore, the faster you collect and submit documents, the faster the bank will make a decision.

If you are determined to renew your mortgage with Sberbank, first of all you will need all the basic information on it:

number and date of conclusion of the loan agreement;
return period and amount;
currency and interest rate of the loan;
monthly payment amount;
payment details of the financial institution from which the loan was taken.

Sample certificate 2-NDFL

In addition, at the place of work you need to take a certified copy of the work book or other documents confirming employment, as well as a 2-NDFL certificate. If you have opened deposit, currency or other accounts in other banks, it would be a good idea to request statements from them indicating the amounts. Checks and receipts for loan repayments for the past period will also come in handy.

IMPORTANT! Loan information must be confirmed by a loan agreement or payment schedule.

After submitting a complete package of documents, a bank employee will contact you within a week and inform you of the result of the review.

Since the main principle of Sberbank is customer focus, after visiting a branch you will receive a message asking you to leave feedback about the work of the company in general and the employee in particular.

Refinancing against real estate

In addition to refinancing mortgage loans, Sberbank provides the opportunity to combine all loans into one using refinancing secured by real estate. Mortgage, car loan and consumer loan can become one loan, with a favorable interest rate and a single date for writing off the monthly payment.

The list of required documents and requirements for borrowers are similar to refinancing home loans, but there are also differences.

This service, in addition to mortgage loans and other loans, can include cash for consumer needs.

The interest rate depends on which bank loans are subject to refinancing:

if the mortgage and other loans from Sberbank the rate is 11.15 percent per annum;
if mortgages and loans obtained from other financial institutions, the rate will be 11.65 percent.

The 1 percent premium is similar to the mortgage refinance premium.

IMPORTANT! If, along with the mortgage, you decide to refinance other loans, then the right to a refund of the property tax deduction is lost.

Nuances of refinancing at Sberbank

Since the decision to pay off one debt and take out another loan at the same time is quite serious, it is necessary to carefully weigh all the advantages and disadvantages. A loan calculator from Sberbank will help with this. By entering data on the interest rate, term and loan amount into the appropriate cells, you can calculate the amount of the monthly payment.

In modern Russia, social support measures for young families are being implemented at the state level and at the level of constituent entities of the Russian Federation. In addition to maternity capital, issued for the birth of a second child, and support for young teachers, a number of regions provide subsidies for the purchase of housing for public sector employees.

Refinancing a mortgage loan at Sberbank can be issued taking into account all the benefits. The received amount is not issued in person, but is immediately transferred to the original financial institution to repay the debt.

Another important point is the possibility of early repayment of the loan without any additional fees. To do this, you need to come to a bank branch and write an application for early repayment.

"Pitfalls" of refinancing

In addition to the undeniable advantage of a lower loan cost, refinancing carries additional financial and time costs.

In fact, refinancing is also lending. Therefore, before making a decision, Sberbank re-assesses the client’s solvency and collateral. Additional expenses for the borrower will include costs associated with the assessment of the collateral - the services of an appraiser cost about 4 thousand rubles.

In addition, the burden of life and health insurance falls on the borrower, the rate increases by one percentage point.

Moreover, even with the difference in percentages, not every loan will benefit from refinancing. In 2019, you should think about refinancing your mortgage at Sberbank if you took out a loan at least two years ago, when rates were at their maximum. In 2015, the weighted average rate was 14.4 percent per annum, and in 2016 – 12.6 percent.

The timing of mortgage refinancing is also important. Sberbank is interested in refinancing in any case, but the client is only interested in it at the initial stage. The payment schedule is designed in such a way that the bulk of the interest is paid in the first half of the term. Therefore, it makes no sense to refinance housing loans in the second half of the term and pay interest again.

Conclusion

The advantages of Sberbank in terms of mortgage refinancing include:

a minimum interest rate of 10.9 percent, with all premiums less than 14 percent per year. VTB offers to refinance mortgage loans at a rate of 11.25 percent per annum;
long lending period;
wide age range;
if there are guarantors, collateral is not required;
You can partially repay ahead of schedule in any amount;
Full early repayment is possible without fees;
free processing and issuance of a loan.

Making a decision within no more than 6 days distinguishes Sberbank from other banks, where processing applications takes two weeks.

The disadvantages include the following:

expensive penalty for late payment - calculated on the amount not paid on time with 20 percent per annum;
in some cases, if you do not take out life and health insurance, the bank will refuse.

In addition, do not forget about fines and penalties for late monthly payments. In banks, late loan repayments are literally costly. Therefore, if financial difficulties arise, mortgage payments place an unbearable burden on the budget of a young family, but there is a desire to keep their home, you should think about refinancing.

As you know, today mortgages stand out among other offers from banks. This is primarily due to the fact that the housing issue is very acute today. Surely, you have already encountered the need for a mortgage, or at least heard about this phenomenon from friends. Of course, on the one hand, this option can perfectly solve the issue of an apartment. On the other hand, for many years, every month you must allocate a considerable amount to repay it. And this is not entirely convenient, you will agree.

Especially when the interest you pay on top of the principal is quite high. What can be done about this? How to save an apartment while minimizing expenses. Is there such a magical phenomenon that will help you get out of the state of bondage that is often associated with a mortgage in modern society? In fact, there is a way out. What is it and how to implement it? Let's figure it out.

The answer to all of the above questions is refinancing. What is this? How can this help you with your mortgage? It’s very simple, in order to understand this, it’s worth first defining this concept. So, refinancing is an opportunity to reissue a mortgage with another bank at a reduced rate or by shortening the loan term.

An excellent option for any borrower, isn’t it? Previously, one could only dream of such a service, but today this option is very popular in a wide variety of financial recommendations. The leader among them is Sberbank. This fact probably did not surprise anyone. In fact, it is in the housing lending category that Sberbank ranks first in the rating. Why does a huge number of residents of our country trust this particular bank?

First of all, it is worth noting that the organization has existed on the market for many years. The next point is preserving traditions. Our grandmothers, parents, uncles and aunts entrusted their money to deposits in Sberbank, which means that when you grow up, you will most likely go there. However, all these are side factors, but the main thing is still the best offers for their clients. Almost all citizens who are served by Sberbank note the most loyal programs compared to other financial organizations. But what about mortgages and refinancing? Let's discuss this further.

We are approaching the main question of our article. Almost all people who are going to take out a mortgage choose Sberbank. This is absolutely not surprising. However, how can you refinance a mortgage taken out from a savings bank? But really, how? Let's look again at the concept of refinancing. This is an opportunity to lower the rate only in another financial institution.

Surely, you would like to think that this is just official data, but in fact there is always the option of getting a mortgage refinancing from Sberbank at Sberbank. But this, unfortunately, is not the case.

The fact is that the Central Bank allows the very possibility of providing this type of service only for the clientele of third-party organizations. And Sberbank is no exception.

This is due to the fact that the use of this service is associated with attracting new customers, even at the cost of reducing interest rates on loans.

And no matter how much we would like to believe that loyal clients will be able to get refinancing of a Sberbank mortgage at a Sberbank, this is hardly feasible. But don’t immediately close this article and get upset. In fact, there is always a way out of this situation. Let's talk about the mortgage refinancing service from Sberbank in 2017. So, let's proceed to a detailed consideration.

Criteria for mortgage refinancing in Sberbank 2017

The first point we have is the need to list the criteria for this service. Mortgage refinancing in Sberbank 2017 conditions:

There should be no arrears on housing loans for the last year;
you received a home loan earlier than 6 months before submitting your application;
the remaining mortgage term is more than 3 months;
housing must already be built;
there should be no encumbrances on the apartment;
and the most important point that worries many is that a mortgage for refinancing at Sberbank must be issued only in a third-party bank.

As is clear from the previous paragraph, Sberbank cannot provide refinancing of Sberbank mortgages 2017. Any employee of this bank will tell you this. What do we suggest you do? This will take a little longer than usual.

The plan is to re-issue the mortgage with any other bank. And after a year, turning to Sberbank again to refinance a mortgage taken out at Sberbank will then become possible.

To do this, you need to wait a whole year and undergo several inspections by different organizations, but it is worth it. Why is it worth going to so much trouble for this service in a particular bank? We will tell you about this in more detail below. But first things first. So let's get started.

Mortgage refinancing at Sberbank in 2017 in the regions

Looking back at last year, we can clearly see what the conditions, advantages and options for this program were. We will also turn our attention not to the capital’s branches, but to branches in the regions, simultaneously answering the question about the difference in services by territorial basis. Is mortgage refinancing different in Novosibirsk (Sberbank) from the capital? What conditions have been developed for regional branches? And how to get a mortgage refinance, is it Yaroslavl (Sberbank) or another city? We will answer all these questions below.

Mortgage refinancing at Sberbank became especially popular in 2017. This was due to the fact that the bank offered a very tempting rate - 9.5% compared to inflated interest rates from other organizations.

Naturally, everyone wanted to reduce payments on housing loans. However, many did not succeed. We are talking about those who initially received a mortgage from Sberbank.

And now it is still not entirely clear whether those who were approved for a home loan from this bank immediately won, or those who were able to qualify for refinancing in 2017? The question is of course controversial. We have already listed above what the conditions are for refinancing a mortgage at Sberbank. Let's now list the criteria:

Age - 21-75 years;
Work experience at last place of work for at least six months;
Citizenship of the Russian Federation.

It is also worth noting that refinancing a loan and mortgage at Sberbank is possible both for the borrower himself and for a joint loan with his wife, but only if there is no prohibiting clause in the marriage contract. That is, married persons can act as co-borrowers. The exception is the presence of a marriage contract.

If we are talking about something like a mortgage: refinancing, 2017, Sberbank issued it if the following documents were available:

statement;
passport with a mark of permanent registration;
certificates confirming income;
documents confirming the pledge in another bank.

Sberbank mortgage refinancing in Novosibirsk provides the same documentation requirements as in the capital.

How are things in other cities of Siberia?

At Sberbank Kirov, mortgage refinancing is also possible according to the standard scheme. Moreover, if you have a salary card or a deposit with this bank, your application will be considered as soon as possible. Separately, it should be noted that the mortgage refinancing service of Sberbank Kirov is a leader in this market.

This is mainly due to the fact that in a given city, collateral can be not only an apartment or a house, but also a room, part of an apartment, or any residential premises with a plot of land.

Sberbank (Chelyabinsk) provides mortgage refinancing for clients of third-party banks on the same terms as we discussed earlier. Just like in Kirov, here you can apply for a loan of part of the real estate. But the documents for refinancing a mortgage at Sberbank remain the same.

But what advantages do the residents of this city have? If mortgage refinancing is necessary, Chelyabinsk (Sberbank) offers clients to reduce the loan rate in five days. After all, it is during this time that you can become the owner of a financed mortgage with low interest rates. And this, you see, is very convenient.

All we have left to talk about is refinancing a mortgage in Omsk at Sberbank. In this city, the process of submitting documents is very similar to the previous options. However, citizens prefer to arrange the mortgage refinancing service in Omsk (Sberbank) through the application. What is it? Let's figure it out together.

Online mortgage refinancing at Sberbank is possible using a special application on your gadgets. To do this, you don’t even have to leave your home or call the call center all day. You just install the program - Sberbank online mortgage refinancing becomes even easier. And that is not all. You can also go to the mortgage refinancing section of the official Sberbank website and get all the information you are interested in. There you will also have the opportunity to leave an application, after which the bank manager will contact you. With the help of Sberbank official website, mortgage refinancing becomes very simple. And you and I move on.

We have already looked at how to apply for mortgage refinancing online (Sberbank official website), and now let’s talk a little about additional opportunities. In fact, in addition to a mortgage, you can apply to Sberbank under this program for other loans. We are talking about the possibility of combining several banking products into one. That is, you can only apply for mortgage refinancing in Sberbank 2017 or add up to 5 different loan products to it.

These may include the following items:

consumer loans from other banks;
cards of other banks;
car loans from other banks;
debit cards with overdraft from third-party banks;
consumer and car loans from Sberbank itself.

As we can see from the list above, this option is great for those who have other loans in addition to a mortgage. Thus, refinancing a mortgage at Sberbank becomes especially attractive.

Refinancing mortgages from other banks by Sberbank: conditions and requirements

We have already considered many points regarding the previously announced banking service.

Now it’s time to answer the main question: how to refinance a mortgage at Sberbank? To do this, you must meet the borrower criteria that we mentioned earlier. But that is not all. There are a number of requirements under which Sberbank provides refinancing of mortgages from other banks. We will talk about them further.

Mortgage Sberbank mortgage refinancing is carried out subject to the following collateral requirements:

The property must be built and delivered. In the event that the construction phase is still in full swing, the possibility of refinancing is out of the question.
The property must be pledged to another bank. And also within 60 days it undertakes to be fully repaid using the proceeds from refinancing.
For those who have a mortgage on housing that has not yet been built, there is a favorable offer. You can pledge any other real estate that you own as collateral to the bank, then the service will become available to you.

How to refinance a mortgage at Sberbank

Requirements for your loans

You must always have your fees paid on time, that is, no late payments, at least for the last 12 months.
Your mortgage must have been issued at least six months ago.
Lending will continue for at least three more months.
The branch of Sberbank and the bank where the loan was issued must be located in the same locality.

When considering the service of refinancing a mortgage at Sberbank, the interest rate is one of the main criteria. This is primarily due to the fact that your benefit depends on it.

Mortgage refinancing (interest rates) at Sberbank do not depend on the region and are almost always stable. This can be seen from the statistics for last year. Thus, when Sberbank refinanced mortgages in 2017, the rate varied from 9.5 to 10%.

At least this information is provided by the official website of the organization. But why can she change? Let's figure it out.

If we are talking about a bank like Sberbank, the mortgage refinancing rate also depends on whether you use a joint program to combine several loans. After all, in this case the percentage will no longer be 9.5. If we talk about what the refinancing rate will be (mortgage: Sberbank), in this case it will be 10%. And these are not all the options.

Nuances

Waiver of insurance

The Sberbank mortgage refinancing rate increases by one percent if you decide to refuse insurance. However, it is worth recalling that in this case there is a risk of refusal to provide the service. Also, the mortgage refinancing rate at Sberbank today increases by 1% for the same period while you are closing a home loan with another bank.

Once this process is completed, the interest will return to the same. We have not yet mentioned that the mortgage refinancing rate at Sberbank today is indexed by 1% while the process of confirming other loans that you are refinancing along with the mortgage is underway. Thus, we get slightly different figures from those reported by bank employees. It turns out that Sberbank's mortgage refinancing rate today varies from 9.5 to 13 percent.

Amount for the mortgage refinancing service at your bank Sberbank

It’s probably no secret that the main information of any lending is the amount of money issued. So, Sberbank prepared the following criteria for mortgage refinancing for its clients:

Minimum amount - 500,000 rubles;
Maximum for a mortgage – r. Provided that this is no more than 80% of the cost of housing;
R. – to close other loans or cards.

Now you know that Sberbank 2017 mortgage refinancing conditions allow you to take out certain amounts. And, based on this information, you can calculate possible financing. Next, let's discuss the refinancing process itself. Well, let's get started.

A detailed guide to action when applying for mortgage refinancing

Many people wonder whether it is possible to refinance a mortgage at Sberbank? And if so, how? When implementing the mortgage refinancing service for its clients, Sberbank has developed step-by-step instructions. This is what we will look at below.

To begin with, it should be noted that the whole process can be divided into two important points, which reflect the refinancing of a mortgage at Sberbank in 2017. We are talking about the following:

review and approval of the application;
issuing a loan.

The first stage, or how to apply for mortgage refinancing at Sberbank

First of all, as with any transaction, documentation should be prepared.

At this stage, many people have difficulties. Refinancing a mortgage at Sberbank, what documents are needed? This is probably the most common of them. We have already written a detailed list that you can transfer to your diary so as not to forget anything.

Next comes the main stage of our list, from which the process of Sberbank refinancing the mortgages of other banks in 2017 always began. We are talking about submitting an application. Having prepared all the necessary documents, you go to your bank branch or leave an application online.

It should be noted that the process of reviewing your application takes on average 3-4 days.

The next stage is the preparation of all certificates and extracts for a given property. This is necessary to ensure that housing lending goes smoothly. You can learn more about all the nuances in the required category of Sberbank official website mortgage refinancing in Sberbank. The process itself, which consists of approving your application, takes place within 5-6 days.
After all the steps that have passed, the culmination of your refinancing is finally happening. We're talking about setting a date for your trade. After this, the first stage of Sberbank refinancing mortgages from other financial organizations ends, and we move on to the next one.

The process of issuing a home loan, as well as interest rates for refinancing a mortgage at Sberbank 2017

First, you should sign a loan agreement with the bank. Next, you are given funds to pay off your mortgage at another bank. The rate at the initial stage is 11.5 percent.
You go to a third party bank and go through the process of paying off your home loan. After this, you must be given all the necessary certificates, which you take to your bank branch. Then the Sberbank mortgage interest rate for 2017 refinancing will already be 10.5 percent.
Next is the process of signing the mortgage agreement, and also the registration of the pledge in favor of Sberbank. Due to this, your rate will be 9.5 percent.
Returning to the question of whether it is possible to refinance a mortgage at Sberbank along with another loan, we answer positively. If this is your option, then the next step is issuing financing to repay other loans. After this, your rate will increase again.

As we said earlier, the 2017 interest rate for refinancing a mortgage at Sberbank will be 10%.

So, we have reviewed the main points of the stated banking procedure. We found out when it is possible to refinance a mortgage if the mortgage was taken out from a savings bank? What is needed to refinance a Sberbank mortgage? And also, what documents are required for the transaction to refinance a mortgage at Sberbank? And now is the time to sum up and consider the main points of the benefits of this service.

In any case, with Sberbank’s mortgage refinancing rate, you will always remain in the financial plus. This depends on the fact that in any case the interest decreases. That is, even if the difference is only one or even half a percent, you will still remain in an advantageous position.
It is worth remembering that regardless of the obvious benefits in the case of a mortgage, the lending option looks a little different. The point is that the card will be closed in 5 years, and after refinancing it will stretch for 20 years. Although the rate will be clearly lower, the period will increase significantly. Some people consider this an advantage, others a disadvantage. Decide for yourself.
Sberbank refinancing a mortgage taken out from another bank requires the almost obligatory conclusion of an insurance agreement. This means that your rate increases automatically by one process.

Next, we proceed to possible options for a negative decision regarding the banking service stated in our article. We have already mentioned that the mortgage refinancing service at Sberbank is denied if the mortgage was taken out at Sberbank.

Now let's move on to listing the remaining options, with a negative result:

bad credit history, which for some reason was ignored by the previous bank;
the refinancing process will not be possible in the case when the borrower has just started paying off his mortgage;
refusal occurs when there is a sharp decline in official income;
sudden change of job;
There are situations when the property itself may raise questions among Sberbank employees.

Today we looked at the refinancing process from all sides. We have answered all possible questions. We learned that Sberbank cannot refinance a mortgage taken out from Sberbank in 2017. And also about all the documentation, the main stages of the transaction and the pitfalls of this service. We hope you, like us, will consider the refinancing process and be sure to follow our recommendations. And we wish you the lowest rates and positive results from the bank. Good luck!

What to do if you took out a mortgage, but then a more favorable offer from another bank came your way? Grief will not help the matter, but refinancing in 2019 in such a situation can be very useful. Everyone knows that Sberbank’s housing loan programs are quite attractive. However, many clients, especially those who took out a mortgage in 2014 and previously, leave negative feedback about the interest rate, etc.

In fact, you will borrow funds to pay off another debt, but due to the lower interest rate of the second or more extended payment, it will be more profitable.

It is worth considering, however, that since the process of re-issuing documents in Russia requires considerable material costs, it will be profitable to re-issue a mortgage with a difference in the interest rate of 2-3%. Detailed information on how to refinance a mortgage at Sberbank is contained on the official website in the tab with credit programs.

Conditions and rates for mortgage refinancing at Sberbank

Some conditions coincide with the requirements of the original lender, however, to ensure that there are no misunderstandings, you need to know that you can refinance your mortgage if:

if the loan amount does not exceed 80% of the cost of the housing for which this mortgage was taken;
if you have a document confirming ownership of this property;
if you have a clean credit history, or violations in it are not systematic.

Regarding the terms of refinancing:

the mortgage must be in Russian rubles;
the maximum mortgage payment period is 30 years;
the longer you repay the loan, the higher the interest rate;
for salary holders, the annual percentage is one unit lower than for ordinary clients.

In addition, certain requirements are imposed on the applicant:

age more than 21 years at the time of application and not more than 60 (for men) and 55 (for women) at the time of repayment;
at least one year of work experience over the last 5 years and at least six months in the organization where he is currently employed;
attracting no more than three co-borrowers.

How to apply for refinancing?

To refinance your mortgage, you need to visit the nearest branch, fill out an application for refinancing, and attach to it:

passport;
documents necessary for obtaining a mortgage (it is necessary to re-examine the property) - their exact list can be found by contacting for advice;
all documentation regarding the current mortgage (agreement with the bank, a certificate of the amount already paid and the balance, information about whether there were any delays or delays in payments).

A distinctive feature of Sberbank is the consideration of each application on an individual basis, therefore the maximum waiting period for a response is 10 days. If the application is approved, you will be invited to the bank to conclude a new

Refinancing a mortgage at Sberbank is a profitable deal that allows you to pay off old debts and get a new service on better terms. The financial institution issues mortgage loans to individuals at 9.5% per annum, for a period of up to 30 years and in an amount of up to one million rubles. To ensure the relevance of the transaction, you can use the online calculator on the official website of the credit institution. But more about everything.

What are the advantages of refinancing a mortgage at Sberbank in 2018?

The advantages of refinancing a mortgage loan at Sberbank are obvious:

Possibility to reduce loan payments to an optimal level.
Combining several loans in one service.
There is no need to collect certificates regarding the debt balance from other financial institutions.
Obtaining additional funds to solve other problems (except for repaying the old loan).
Reducing the overall amount of loan payments.
Personal approach to considering a loan application.
No need to provide permission from the primary lender to obtain a mortgage loan.
No commission payments.

How to refinance a mortgage at Sberbank?

To refinance a mortgage loan, the following steps are provided:

Client consultation.
Obtaining information on refinanced loans.
Acceptance of application.
Approval of the client's application (takes up to two to four days).
Collection of documents regarding the object of the transaction.
Acceptance of real estate papers. It is allowed to provide documents within two months from the moment the credit institution makes a decision to grant a loan.
Approval of the property (can take up to five days), after which a date is set for the transaction and a mortgage agreement is signed. The registration period is at least a month.
Registration of a mortgage agreement, a loan is issued, and the money received is transferred to pay off old debts. Certificates from financial institutions regarding loan repayment must be submitted to the new bank within 45 days from the date of loan provision.
Once repayment is documented, the bank reduces the interest rate.

Before refinancing a mortgage at Sberbank, it is advisable to check with the financial institution about the specifics of the procedure and the list of papers. Remember that until the fact of repayment of the old debt is confirmed and the collateral is transferred to Sberbank, the interest rate will be higher.

Is it possible to refinance a mortgage at Sberbank?

When asked whether it is possible to refinance a mortgage loan at Sberbank, experts answer in the affirmative. Moreover, many recommend using the service of a banking institution, because interest rates are lower than they were 3-5 years ago, and this is an opportunity to reduce the size of the monthly payment and overall savings.

The maximum loan amount depends on the purpose of receiving funds:

Payment of a mortgage in another credit institution - up to 7 million rubles.
Money for personal purposes - up to 1 million rubles.
Funds for repayment of other loans - up to 1.5 million rubles.

The loan is issued for a period of up to 30 years. At the same time, it is possible to refinance a loan for the purchase or major renovation of real estate, as well as to repay five different loans - consumer, car loans, credit card debts and others.

Insurance of the borrower's health and life is voluntary, but the interest rate depends on the availability of such an option. The following real estate can act as collateral - a room, a residential building, an apartment, a room with a plot of land (where it is located).

What to consider?

Before you apply for on-lending from Sberbank online or by contacting a bank branch, it is worth studying the credit institution’s requirements for borrowers. Thus, the client’s age must be in the range from 21 to 75 years, and the work experience must be at least 6 months at the last place of work. It is allowed to attract co-borrowers.

In order for the application to be considered, the following documents are required - a passport, an application, papers confirming the availability of work and financial condition, information on refinanced loans, as well as confirmation of registration. In this case, the bank may require additional information.

Now you know whether it is possible to refinance a mortgage at Sberbank, and what steps you need to go through for this.