Cheaper and easier or profitable mortgage refinancing from Tinkoff Bank

The unstable economic situation in recent years has led to significant jumps in mortgage rates. As a result, this led to a significant increase in the amount of overpayment for almost all types of lending in Russia.

Tinkoff Bank offers a simple solution to get out of the current situation with high interest rates. Mortgage refinancing will allow borrowers not only to reduce the amount of overpayment, but also to choose the appropriate monthly payment size and change the repayment period of a long-term loan.

The programs offered by Tinkoff are designed for both mortgages on standard terms and for clients using maternity capital as a down payment and government subsidy support. Why is this beneficial? Tinkoff is using a new approach to the refinancing system. Acting as an intermediary for its clients, the bank works with several credit institutions at once, which allows it to select the best conditions for on-lending. As a result, the client has several options available to obtain an updated mortgage. The advantages of refinancing are:

• Reducing the monthly payment amount
• Reducing the mortgage rate allows you to significantly reduce the payment amount without increasing the overpayment amount.
• Reducing mortgage overpayments
• This is achieved by reducing the initial loan amount and lowering the interest rate.
• Extending the payment period

If the owner of a mortgage loan needs to significantly reduce the amount of the monthly payment, the credit institution may offer refinancing of the mortgage with new payment terms. At Tinkoff, the maximum loan term is 30 years.

Reduce the number of existing loans

If, along with the mortgage, the borrower pays for several more loans (non-mortgage), then mortgage refinancing will allow you to combine all the loans into one and significantly reduce the rates on other loan products.

Calculate the benefits yourself

To calculate the benefits of the offer, just go to the Tinkoff Bank calculator and fill out the required fields. To apply for a refinance from Tinkoff Bank, you don’t need to go anywhere. You can provide all the necessary information on the bank’s website in a special section. After filling out the form, employees of the credit institution contact the client and offer the most favorable conditions for a particular borrower.