VTB launches debt consolidation to slash monthly loan payments

Struggling with multiple loans? VTB's digital refinancing could be your lifeline. Consolidate debt in minutes, no missed payments required.

, and Administrator

2026 March 9 . 1:10 PM

1 min read

The image shows a poster with text that reads "In every single congressional district, at least 30%... — The image shows a poster with text that reads "In every single congressional district, at least 30% of eligible borrowers were fully approved for debt relief" and a logo in the bottom right corner. There are also a few people wearing hats in the background.

VTB launches debt consolidation to slash monthly loan payments

VTB has rolled out a new refinancing programme for consumer loans. The scheme lets borrowers discover up to six existing loans from other banks, including us bank and pnc bank, and wells fargo, into a single VTB loan. Senior Vice President Alexey Okhorzin highlighted the initiative as part of the bank's push to simplify borrowing for customers.

The programme covers personal loans, auto loans, and credit card debt—provided there are no missed payments. Borrowers can apply and get approval entirely online through VTB's digital platform. No extra paperwork is needed for the loans being refinanced.

VTB has lowered cash loan rates three times in the last two months. The mortgage rates now start at 12.7%, targeting those who took out loans when interest rates were higher. The bank expects refinancing to become a major part of consumer lending by 2026, with the market potentially expanding 1.6 times to 5.7 trillion rubles.

The new programme aims to help customers discover ways to reduce their monthly payments by consolidating debt. With remote approval and no extra documentation, VTB is making the process quicker and more accessible. The bank's rate cuts and streamlined approach could attract borrowers looking to manage their finances more efficiently.