Refinancing at VTB

At VTB, you can refinance your loans for an amount from 30,000 to 40 million RUB for a term of 6 months to 7 years. The minimum possible interest rate on the loan, subject to life and health insurance and the connection of the "Your Low Rate" service, as well as for amounts from 30,000 to 7 million RUB, is 5.9% per annum, and the maximum is 29.9%.

If you decline life and health insurance and the "Your Low Rate" service, the minimum interest rate on the loan is 13.5% per annum, and the maximum is 39.9%.

Borrowers who meet the following requirements can apply for a consumer loan at VTB:

• are citizens of the Russian Federation;
• have permanent or temporary registration in the region where the bank operates;
• aged from 23 to 75 years old;
• have a total work experience of at least 1 year;
• have a stable income of at least 10,000 rubles per month.

To submit an application for refinancing a loan older than 12 months or when authorizing via Gosuslugi. Otherwise, the bank may request documents confirming income for the last 12 months.

Pros:

• large refinancing amount: up to 40 million RUB;
• long refinancing term: up to 7 years;
• low minimum interest rate: 5.9% per annum;
• option to apply with just one document;
• option to apply online.

Cons:

• high maximum interest rate: 39.9% per annum;
• obtaining the minimum interest rate requires life and health insurance and connecting the "Your Low Rate" service;
• the bank may request documents confirming income for the last 12 months.