Refinancing at Russian Agricultural Bank

To apply for refinancing, you must meet the following criteria:

• Amount – from 30,000 to 3,000,000 RUB. Rosselkhozbank determines the maximum permissible amount based on the borrower's creditworthiness.
• Term – from 1 year to 5 years. Choosing the optimal term affects the amount of the monthly payment and the total overpayment on the loan.
• Interest rate — from 27% per annum. The exact rate depends on the customer category and the presence of insurance (which helps reduce the rate).
• Purpose — consolidation of up to three active loans in other banks. At the same time, the borrower is entitled to receive additional funds for personal needs, if their creditworthiness allows it.
• Borrower's age — from 23 to 75 years at the time of full loan repayment. The minimum age is set for borrowers who are just starting their employment, and the maximum age is for retirees.
• Income verification — a 2-NDFL income certificate, a bank-form certificate, or confirmation via the Gosuslugi portal is provided.

No co-signers or collateral are required to apply for refinancing. An important factor is a good credit history. The absence of current overdue payments is a mandatory condition. Payment delays or a high level of current debt reduce the likelihood of approval.

Full or partial early repayment is available without penalties. To do this, it is sufficient to notify the bank 5 business days before the expected repayment date. Partial early repayment allows you to reduce the monthly payment amount or shorten the loan term at the borrower's discretion. Full early repayment closes the loan completely and reduces the total overpayment amount. It is important to notify the bank before early repayment to recalculate the payment schedule and clarify the amount for full debt closure.

Rosselkhozbank applies penalties in case of payment delays, as stipulated by the loan agreement. For each missed day, a penalty of 20% per annum of the overdue payment amount is charged, as well as a fine of 0.1% of the amount not repaid on time for each day.

To apply for refinancing, it is necessary to meet certain requirements:

• Russian citizenship — the refinancing program is aimed at citizens of the country.
• Permanent registration on the territory of the Russian Federation.
• Age — from 23 to 75 years. Age limits help ensure the borrower's creditworthiness at the time of full loan repayment.
• Work experience — at least 3 months at the current place of work and at least 6 months of total experience over the last 5 years.

It is also important to demonstrate sufficient income to service the loan and confirm this with official documents.

Rosselkhozbank requires a minimum set of documents to simplify the refinancing procedure:

• Russian passport — the main document for identity identification.
• Income certificate (2-NDFL, bank-form certificate, or confirmation via Gosuslugi) confirming the borrower's solvency.
• Loan agreements and debt certificates for the refinanced loans.

Documents on current loans are necessary for the accurate calculation of the refinancing amount.

After the application is approved, the loan funds are credited to the borrower's account at Rosselkhozbank. The bank also provides a free card through which it is convenient to manage funds and make payments. The funds in the account can be used to pay off obligations to other banks.

You can repay the debt with monthly payments using methods convenient for the borrower:

• Bank transfer from a card or account at Rosselkhozbank — a fast way to avoid additional fees.
• Transfer from a card of another bank. It is important to check the fees for interbank transfers.
• Cash deposit via ATMs or cash desks of Rosselkhozbank.

It is recommended to make payments in advance, taking into account processing time.