Reducing the interest rate on loans. How to lower the interest rate on a loan? Reducing interest on a loan by legal means. Provide an extended package of documents

Borrowers who receive wages on the card of the bank to which they applied for a loan can count on preferential lending terms. Why it happens? The level of credit risk for payroll clients is lower than for street borrowers. The bank without information knows the size of their income, can analyze how the salary changes, and, consequently, solvency.

If the client's payroll bank does not offer preferential lending terms, then you can easily change the credit organization to the one that offers. At the end of 2014, amendments to the Labor Code of the Russian Federation came into force, abolishing "wage slavery". Russians can choose the bank themselves to transfer the monthly fee for their work. We already wrote. But it is more expedient to use this method of lowering the rate with large loan amounts for a long period.

Discounts for payroll clients in the largest banks by volume of retail loans

2. Borrow more money than you need

The cost of a loan depends to a greater extent on the amount of the loan and to a lesser extent on the income level of the client, that is, his solvency. “In our bank, only the amount affects the rate, in fact, the regulator obliges us to do this, so this situation develops in the market as a whole,” says Oksana Chernenko, director of the non-targeted lending and credit cards department. - Income doesn't matter. Although an indirect relationship is still traceable, because income affects the loan amount, which in turn affects the rate level.

Therefore, according to the expert, in order to get a low rate, it is better to draw up a large amount for a longer period. The lower these parameters, the more risky the loan is considered and the rate will be higher.

If you look at the first quarter of 2016, the most profitable loans are in the amount of 300 thousand rubles, the most unprofitable - up to 30 thousand rubles.

Suppose that the borrower needs 30 thousand rubles, he will be able to return them in six months. The rate for him will be about 34.6%, the amount of overpayment is 3,118 rubles. And if he borrowed 100 thousand rubles from the bank for one year, he could count on a rate of 24.4%. "Unnecessary" 70 thousand rubles is easy along with the first payment on the loan. In this case, the cost of the loan will already be 2,889 rubles (the term will be reduced to 4 months).

3. Bring a guarantor with you

The presence of a person who can vouch for the solvency of the borrower can also affect the cost of the loan. Indeed, for the bank, this means that if the client stops paying, then his obligations can be transferred to the guarantor, that is, to make him pay for the debtor. It is very risky, it is no wonder that the lines of guarantors never line up for the borrower. The easiest way is to involve your spouse for these purposes.

Rates on unsecured loans by 1-2 p.p. higher than for non-purpose loans with a guarantor.

4. Contact the bank where the loan was previously issued

A client who has already borrowed from a bank and returned the money without delay is an ideal candidate for a loan. For a proven borrower, banks are ready to reduce the rate by a couple of points from the standard one. They may even have pre-approved loans on special terms. As a rule, information about a personal offer is received by SMS or e-mail.

5. Buy insurance

The conclusion of a life and disability insurance contract for the borrower is a voluntary service. The bank does not have the right to refuse to issue a loan to a client because he is not insured. But borrowers who have agreed to the insurance program inspire more confidence in the bank, so they are given loans, the cost of which is 2-3 percentage points lower.

On the one hand, insurance reduces the cost of the loan, on the other hand, you will also have to pay for it. And then the question arises, which is cheaper? The policy costs an average of 0.2-0.4% per month of the loan amount.

Imagine that one loan in the amount of 200 thousand rubles is issued for 2 years at a rate of 19.9% ​​per annum, insurance costs 0.2% of the payment amount monthly. The overpayment in such a situation will be 44,065 rubles, and the annual insurance fee will be 9,600 rubles. In total, the borrower will pay 53,665 rubles.

Now imagine that a similar loan, but without buying a policy, is issued at a rate of 23.9%, which is 4 p.p. higher than with insurance. The amount of the overpayment will be 53,542 rubles, savings in the absence of a policy - 123 rubles. If the interest discount is less than 4 percentage points, then the savings on the absence of a policy will be even more significant.

But this rule will cease to apply if the difference in rates for borrowers with and without insurance coverage exceeds 5 percentage points, then it will still be more profitable to take out insurance. So, if the loan rate is 24.9% instead of 23.9%, then the overpayment will increase to 55,943 rubles.

Insurance should not be used as a way to save on a loan rate, but if you get a large loan, it will be useful as a defense mechanism in case of financial problems.

At the same time, the borrower will not be able to use all five methods at a time, that is, to get a discount for each item completed. We advise you to choose from 1 to 3 options that are most convenient for you. For example, come to a payroll bank with a guarantor or ask for a large amount from a bank where you have already borrowed and save up to 10 percentage points on this.

There are two options for resolving this situation without damaging your credit history. This is restructuring and refinancing. But it should be borne in mind that not all financial institutions offer such loan repayment schemes. Formation of the interest rate Interest is a security for the bank. In case of non-repayment of the loan, the organization will be able to cover at least part of the costs. The Bank reserves the right to change the rate during the maturity of the debt. So, if the payment scheme is violated, then an increase in the rate is possible. At the same time, initially the rate is formed on the basis of such indicators: Is the loan targeted? Such loans oblige the bank's client to provide a report on the funds spent. This lowers the rate and gives a certain guarantee of the return of funds to the bank.

How can I reduce the interest rate on a loan in Sberbank in 2018

• Is it possible to reduce
• How can I change the interest rate on a loan
• Refinancing
• Restructuring
• On-lending
• How to lower your mortgage or loan rate

Is it possible to reduce Yes, it is possible. However, this applies to the execution of new loans, because a specific interest rate will apply under the current loan agreement. But do not be upset, because it is possible to issue another loan or change the current loan agreement.

After the changes, it will already operate under new, more pleasant conditions. Plus, do not forget that in addition to the general rules that apply to all banks, it is Sberbank that has temporary promotions. They can be carried out both for existing clients and offered to people who have not yet taken loans from Sberbank.

Reducing the interest rate on a loan in Sberbank

Important

All these features are well known to almost everyone, because they are:

• Provision of a guarantor or guarantors;
• Pledge of certain property, real estate;
• Confirmation of the right to participate in social programs.

That is, with standard lending, you can use all of the listed methods in order to get a loan with a reduced interest rate. With a mortgage, it is somewhat more complicated, because a guarantor and a pledge are necessary conditions for drawing up a mortgage agreement. You may need legal advice to get a reduced rate.

Is it possible to lower the interest rate in Sberbank

Here the main feature of the loan is indicated - its compensation. This refers to the interest that the borrower pays to the lender for the use of money. A unique phenomenon for the Russian banking system is the issuance of cards to 14-year-old citizens.

This possibility corresponds to the Civil Code of the Russian Federation. Namely - paragraph 2 of article 26. It says that starting from the age of 14, all citizens have the right to issue a bank card, open an account and make credit transactions without the consent of their parents. Despite the legality of such a service, very few banking organizations offer the issuance of cards to minors.

How to reduce payments on existing loans It happens that the borrower overestimated his strength and cannot pay interest in full. Then the question arises before him of whether there are chances to reduce the percentage or amount of payment on the debt.

Sberbank cut rates on new consumer loans by 0.5-2 p.p.

One of the most frustrating parts of any debt is having to pay it back. And if the debt is also a loan that you have issued for one reason or another, then it has a special feature. She is the interest that borrowers pay for the use of funds received from the bank.

Attention

If we talk about the loans themselves in a simpler language, then the borrower actually buys money from the bank. It is interest that is the bank's profit from credit products. The interest rate specified in the loan agreement directly depends on the key rate of the Central Bank, as well as the refinancing rate.

How to reduce the rate on loans in Sberbank?

All its rules and regulations are aimed at regulating the provision of credit services, deposit programs and other banking operations and offers. Therefore, the entire work of the bank depends on this law. Another regulatory document is the Federal Law “On the Central Bank of the Russian Federation”. After all, it is the Central Bank, from the legal side, that has the status of a lender of last resort.

Its rulings play a role in the banking sector. After all, it is the main bank of the country that sets the framework for interest rates. He is also responsible for granting licenses to all financial institutions operating in the country. Information about credit operations, relations between the bank and the client is also contained in the Civil Code of the Russian Federation.
For example, the second part of the code, Article 819, explains what a loan is, under what conditions it can be provided and how to return it.

Reducing interest rates on existing mortgages

For bank customers, the main indicator is the interest rate. This is what keeps many people from taking out loans. And few people know how to reduce the interest rate on a loan at Sberbank in 2018. Although this is not very difficult to do. Important Aspects Interest rate cuts can occur for a variety of reasons.
But it is worth remembering that the bank always adapts to the environment. If the percentage of competitors is falling, then the same thing will happen in this institution. At the same time, the rate is always tied to the value of money - the ruble, dollar or euro. Loans and deposits directly depend on this indicator. In case of changes in the interest on the loan, the deposit rates will also change. The loan agreement form can be downloaded here.

But it should be borne in mind that refinancing is possible only for loans with a period of at least 3 months and no more than 5 years. The balance of the debt also matters. The minimum size is 15 thousand, and the maximum is one million. How to reduce the interest rate on mortgages at Sberbank In 2018, the state program for the restructuring of mortgage loans came into force.

Sberbank was one of the first to join this agreement. To receive such assistance from the state, it is also necessary to meet the following criteria: The program is available to borrowers With minor children, the disabled Can count on restructuring Both combatants and the disabled As for income, there are restrictions Wages should be reduced by 30% by at least for 3 months. With regard to foreign currency loans, the payment should increase by 30%.

In May 2018, Sberbank lowered interest rates on unsecured consumer loans and improved the conditions for obtaining loans. Refinancing loan interest has also been reduced. Previously, the bank reduced interest on consumer loans for the duration of the shares, and now decided to reduce the base rate. “During the campaign period, we noticed that attention to loans in excess of 300 thousand rubles is growing. In response to customer needs, we decided to change the pricing for the standard product line. Now the interest rate will depend on the amount of the loan all the time, and not only during the promotion period. We also reduced the age of borrowers and increased the maximum loan amount for our payroll clients.

A consumer loan is an amount of money that can be used for any needs. In Sberbank, such loans are mostly non-targeted. This means that the borrower does not have to provide the bank with a report on the funds spent.

In this financial institution, it is possible to issue a loan for private household plots. This abbreviation stands for "personal part-time farm". The Bank agrees to provide financial resources for the development of farming and agriculture.

What are its advantages The main advantage of Sberbank of Russia is that the Central Bank of the State owns half of the authorized capital and one voting share of the institution. This confirms the liquidity of the organization.

Today it is almost impossible to find a person who would not apply for a loan at a bank or any other financial institution. Regardless of the amount of money borrowed, many people dream of paying off the institution as quickly as possible, or at least getting a reduction in the interest rate on an existing mortgage loan or a loan for the purchase of cars, equipment and other things. Is it possible to make it official? Consider all the existing options in more detail.

Factors affecting overpayment

Before you figure out how to lower the interest rate on a loan, you should understand the principle of overpayments. This will help answer many questions.

For example, it should immediately be said that it will be quite difficult to significantly reduce the level of overpayment. The fact is that in each bank there is a minimum scale to which such a decrease is possible. Therefore, it is necessary to rationally understand that when issuing credit funds, a financial institution expects to make a profit. Based on this, not a single financial institution will work at a loss.

However, there are a number of certain exceptions. One of them is programs. These are the most significant reasons for lowering the interest rate on a loan. In this case, the overpayment is compensated by the state. Accordingly, the bank can significantly lower the interest rate without harming itself.

Also, not everyone knows that the percentage of overpayment is regulated by the Central Bank. Therefore, there is a certain minimum threshold. However, real data that is received from a financial institution is rarely disclosed to borrowers and bank customers.

Among other things, when talking about how to reduce the interest rate on a loan, you need to understand that when applying for a loan, the bank also takes into account the money that will need to be paid to branch employees for servicing equipment in the offices of a financial organization and so on.

Risk factors and desired profit are also taken into account. The last item is also called the greed factor. It turns out that the possibility of lowering the rate depends on how loyal the bank is to its customers. According to statistics, we can conclude that even with the most serious approach to this issue, it is possible to lower the loan rate by no more than 3-4 points. It all depends on the specific situation.

Any bank focuses on the economic situation in the country, as well as on its own welfare. It can be concluded that it is much easier to reduce the overpayment in a financial institution that is stable. We are talking about large organizations that have been operating in the country for a long time. There are also other ways to reduce the interest rate on an existing loan.

Early repayment of a loan

This is the easiest way to reduce your overpayment. However, this method makes sense to try to implement only if the borrower has an annuity payment and he has not yet reached the middle of the payment period. For repayment, not only personal, but also accumulative funds of customers, as well as other possible instruments, can be used. These include parent capital. In this case, it is not necessary to wait until the child is 3 years old, as funds can be contributed to the mortgage.

Refinancing

In this case, we are talking about another loan (in the same or a third-party bank) at a lower interest rate. This is especially true for those who signed the contract at a time when the rates were especially high. For example, in 2017 interest rates on consumer loans are much lower. Accordingly, in this situation, refinancing is a fairly effective way to reduce overpayments. In other words, the borrower simply issues a new loan in the amount of the current debt. The amount remains the same, but the overpayment decreases.

New loan with different conditions

In fact, this is another type of refinancing. In this case, not only the interest rate changes, but also other conditions under the loan contract. For example, a client can refuse compulsory insurance or change the currency of payments. However, it should be borne in mind that when you refuse insurance, interest rates, as a rule, on the contrary, increase.

Participation in special programs

In order to get a relatively cheap loan, you can consider the current social proposals from the state. For example, many banks have a Young Family campaign. In this case, interest rates may be reduced for couples in which the age of the spouses has not reached 35 years. In the event that the consumer already has an active loan, he can apply for a reduction in the interest rate on the loan in connection with joining this program.

Also today there is a military mortgage. This category of lending was specially designed for military personnel. In order to become a member of this program, you must serve on a contract basis for at least 3 years. Then the Ministry of Defense of the country is ready to offset interest rates ranging from 8 to 10%.

In addition, there are programs for young employees living in rural areas. In this case, clients of financial institutions are also waiting for quite favorable conditions for reducing the interest rate on loans. For example, Rosselkhozbank has special programs according to which clients can purchase houses outside the city, provided that the work activity will be carried out in rural areas.

By credit card

Everyone knows that credit cards usually charge the highest interest, which can reach up to 59% per annum. In this case, in order to reduce the overpayment, the appeal to the bank is not provided. It will also be impossible to refinance the loan. This is because credit cards are a typical personalized product of a financial institution. By and large, there are no effective methods on how to reduce the interest rate on a loan in this case. The only way to reduce the overpayment at least a little is to pre-arrange credit benefits. Or you can try to get another credit card with lower interest in the same or another bank.

How to reduce the interest rate on a loan at Sberbank

Most customers have more confidence in this credit institution. Today in this bank you can get a loan at a fairly low interest rate, which can be done even less.

First of all, you need to contact an employee of the bank branch and declare your intentions. To qualify for a reduction in overpayment, you must provide an ideal credit history. If previous payments were made without delay and in the entire history of lending the client had no problems with financial institutions, then the bank can meet halfway.

Sberbank also lowers interest rates for those who participate in payroll projects. Clients do not need to provide certificates confirming income and other documents on solvency. If the client participates in this program, then the bank is certainly sure that all funds will be returned to him.

In addition, you can try to attract guarantors or provide property as collateral.

How to renew at a lower percentage

In this case, the only possible option is to conclude a new refinancing agreement. It should be noted that, starting this year, Sberbank provides preferential terms for this procedure. Therefore, it is possible to close loans from other credit institutions and draw up a new contract. This will be especially beneficial for those who have acquired credit obligations at high interest rates.

What do you need to renew a loan?

To do this, just contact any available branch of Sberbank and fill out the appropriate application. In addition to the questionnaire, you must also take with you a passport of a citizen of the Russian Federation, contracts of previous credit organizations, certificates confirming repayment and the absence of delays in payments, and a work book. If the client is a member of the social program, then it is necessary to provide a certificate of marriage and birth of children. If the borrower is a man under the age of 27, then you must bring a military ID.

Speaking about how to reduce the interest rate on a loan, it should be borne in mind that the more positive information the borrower can provide about himself, the greater his chances of lowering the loan rate and obtaining more favorable lending conditions.

Finally

In fact, lowering the interest rate in the bank is quite problematic. Therefore, it is better to think over the profitability of the transaction in advance even before the signing of the contract. Before signing papers, it is necessary to consider all options for mortgage or consumer loans, interest rates in 2017, and what forecasts specialists made for the next period of time. Any information would be helpful.

It is realistic to reduce the interest rate on a loan if the borrower has good reasons for this, and he was able to document them. Moreover, a decrease in the interest rate is possible both for an already received loan, and even at the stage of processing documents for a new loan. In addition, you can refinance or achieve in court a reduction in the amount of the penalty and interest.

We lower the rate at the stage of applying for a loan

As a rule, when applying for a consumer loan, the borrower accepts the conditions of the bank as a given - take it on such conditions, otherwise they will not be issued at all. Nevertheless, in practice there are several effective ways to persuade the bank to issue a loan on more favorable terms for the client.

1. Pledge. Most borrowers by hook or by crook try to avoid registering any property as collateral, fearing that in case of problems with repayment, the bank will take it into ownership. But here is a double-edged sword - is it worth it to be so afraid of encumbrance, if in practice it will bring more favorable loan conditions, which will be easier to repay? And besides, in the event of really serious problems with payments, this property will still be confiscated in court.
2. Guarantors. For many potential borrowers, getting guarantors causes problems or is associated with some embarrassing insolvency. But a guarantee is a completely natural thing, especially if they already bear the burden of credit with you - they live together and you have a common family budget.
3. Additional documents. The list of documents required for issuing a loan is a minimum. Sometimes providing more information helps you get a better rate. Yes, some incomes, for example, from the sale of products from personal subsidiary plots in the local market, are very difficult to document. But if you rent an apartment, have a bank deposit or securities and a second job - attach documentary evidence, this will serve as a good indicator of your financial well-being.
4. Bank cooperation. Most banks have preferential lending terms “for their own”. This refers to those clients who already use other banking products of this organization - they have a deposit, are payroll clients, have previously taken and successfully repaid a loan, etc.

For example, reduced rates, no commissions, fast application processing times, a personal manager and even individual loan offers.

Thus, if the borrower has the opportunity to lower the rate even at the stage of issuing a loan, it is better to use it - it is more difficult to achieve a decrease in interest in the future, but still possible.

We reduce the rate on an already issued loan

The first thing to do is to apply for a reduction in the interest rate on the loan. A sample application can be downloaded, however, it is usually submitted in free form. It is enough to write down the very request to reduce the rate, the grounds, and also indicate the data on the existing loan (contract number, full name of the borrower, etc.). The reason may be a decrease in the key rate of the Central Bank, i.е. the rate at which the Central Bank lends to commercial banks.

Loan rate reduction application

Reducing the rate will not always save you from the severity of the credit burden. If the financial condition worsens, it is better to contact the credit manager even before the delay in payment, describe the situation and listen to the proposed options. Reducing the loan rate only leads to a decrease in payments, and this will not save if the borrower has lost his job or is temporarily unable to work and cannot make payments at all.

If the application is submitted not due to a decrease in the key rate of the Central Bank of the Russian Federation, but due to a deterioration in the financial condition of the client, then supporting documents will be required. So, his consumer loan requests:

• updated information on income (certificate 2-NDFL or other document confirming income, tax return for individual entrepreneurs or certificate of pension for pensioners);
• documents confirming employment (copy of work book, employment contract, etc.);
• documents confirming changes in the position of the borrower (copy of the order to change the terms of the employment contract, dismissal, upcoming reduction, certificate of registration with the employment service, certificate of incapacity for work, certificate of disability, etc.).

Separately, it should be noted that new loan offers do not apply to current borrowers at all. For example, in 2019 Sberbank is holding a campaign to lower consumer loan rates to 11.5% (when applying for a new loan), the offer is valid until April 30. However, this proposal does not mean at all that persons paying consumer loans at Sberbank can also apply for a reduction in the rate on their loan to 11.5%.

Refinancing as a way to lower the rate

If the bank refused to reduce the interest, there is an option to refinance the loan at another commercial bank, i.e. in fact, take a new loan, repay the old one at the expense of it, and then repay the new loan on different terms.

Refinancing has a distinct advantage for those with multiple debts– it allows you to combine everything into one payment. This reduces the risk of accidentally missing a payment.

However, refinancing is not always profitable. First, you need to find out the real conditions that another bank is ready to offer you, and not the tempting commercial offers that sound in advertising. Secondly, you need to make the following calculations:

• calculate the total amount of monthly payments on current loans and compare it with the monthly payment on a refinanced loan;
• calculate the total amount of interest to be paid under current conditions, the amount of interest to be paid on the refinanced loan, and find the difference between them;
• from the difference in the amount of interest, you need to deduct the amount of commissions and other payments associated with reissuing a loan in another bank.

When making a decision, it is worth relying on two key points - how the monthly payment will change and how the total amount of interest payable will change. It is useless to analyze the principal amount of the debt - it will have to be paid in any case without changes.

In addition, it should be borne in mind that refinancing will turn out to be unprofitable if the client has only a few months left to repay the loan - lowering the interest rate will no longer bring a significant difference, and reissuance fees may even lead to losses.

We reduce the rate in court

It should be noted right away that the share of cases won to lower the credit rate is extremely small, so this measure is rather an exception to the rule than a guaranteed method. The law does not set any interest rate limits on loan products, so it is useless to prove that the bank is obliged to change the conditions.

Nevertheless, it is worth going to court when the loan agreement specifies the dependence of the interest on the loan on certain conditions. If such conditions have come, and the bank is inactive, then there is a chance to win the case.

In addition, it makes sense to go to court when interest is understood not so much as a fee for using a loan, but as penalties and forfeits. It will not be possible to completely get rid of the payment, but you can significantly reduce the amount if you prove that the amount of the penalty is disproportionate to the size of the original debt, and also provide evidence that loan payments were not made due to valid reasons beyond the will of the borrower.

A few years ago, banks were lured by offers of loans at 16-18% per annum and these were the lowest values, while the final rate set on the basis of client data could reach 25-30% per year. In 2017, the minimum annual interest rate decreased to 12-14%, thus raising the question of many borrowers whether it is possible to reduce the loan interest?

What affects loan rates

1. Since the beginning of the year, there has been a decrease in the annual rate, primarily due to reduction of the key rate of the Central Bank and the refinancing rate. It is the value of these parameters that is taken as the basis of the new rate in each bank. Below these limits, the annual cost of the loan will not fall, since many banks borrow money from the state at these interest rates.
2. The following components of the credit rate can be attributed to production: labor costs, maintenance of premises, as well as depreciation deductions.
3. Risk factors have a negative impact on the formation of lending policy. The more delinquency, legal costs at the bank the more funds he needs to cover these costs.
4. Last, in the list, but not least, parameter - desired profit. While large banks can be content with a small markup due to scale, small banks are forced to raise rates in order to achieve targets.

All of the above parameters are involved in the formation of the minimum and maximum rates depending on the loan products.

Study of the dependence of prices in the real estate market on mortgage rates

For the borrower, the annual percentage visually depends on the parameters of the loan:

• term (the longer the term for which the contract is concluded, the lower the rate will be);
• amount (similar situation, as with the term).

Fulfillment of additional conditions for rate reduction

When applying for a loan, the bank offers the client an interest rate based on the analysis of his data. Usually the offered rate can be reduced if all the necessary requirements of the bank are met. This must be done before filling out the application, otherwise you will have to wait several months until the decision is canceled.

Let's make a reservation that the reduction of the rate is possible only to its minimum value, depending on the consumer program.

A reduction in the interest rate on a loan is possible if:

Special offers and promotions

The largest number of special programs are common in mortgage lending, for example, mortgages for a young family, military, young professionals or with government support. It is enough to meet the requirements of the loan product and you can already count on facilitated payment terms.

Several times a year, banks hold promotions that are aimed at increasing sales of financial services. There are a lot of advertisements on the Internet, for example, Sberbank has reduced interest rates on loans or the Russian Agricultural Bank has set the lowest rate - 11.5%. Yes, indeed, these banks offer improved lending conditions, but this applies only to new contracts, interest on existing loans remained at the same level.

Special offers also include programs to refinance existing debt. With the help of these loan products, you can refinance open loans. The annual rate for them is usually lower than in standard conditions by several points. But to get such a loan, you need to have a positive dynamics of payments for at least six months and no delays.