UralFinPromBank raises consumer loan rates

Ural Bank of Sberbank of Russia introduced new annual interest rates on a number of loans to natural persons on May 1, 2007. The Housing loan and the Young Family loan are now available at the minimum of 10.75% a year if you use rubles and at the minimum of 11.25% a year if you pay in dollars or euros. The figures used to come to 11.8% and 12.3%, respectively. The loans are provided for a term of five to thirty years now against the previous 20-year upper limit, with the actual interest rate depending on the period of a loan, the scale of the first installment, and the time the dwelling has

Sberbank’s Ural branch’s consumer loan portfolio exceeded 83.3 billion RUR at the beginning of 2008, which is 29.3 billion RUR better than a year earlier. So far, the bank has provided its customers with 341,000 loans. 'This impressive loan portfolio growth results from the ongoing improvements our crediting schemes are given, and the emergence of more subsidiaries. Most of the loans we offered our customers were no-purpose consumer loans, automobile loans, and mortgages. We gave thousands of people an opportunity to move into a better home, buy a car, go on holiday or get some new

Rus-Bank-Ural started dealing in foreign currency (USD) loans on January 26, 2009. ‘The new offer applies to automobile loans as well as consumer ones. The terms of these foreign currency loans (the sum, the interest, the requirements a borrower has to meet, and so on) are the same as those we hold for the classic ruble ones. The dollar is used to determine the amount of money borrowed from the bank, the interest rate, and the commission,’ the spokesperson for the bank explains. ‘We hope the new program is going to be popular with customers willing to buy a new car on credit (as a lot of

The Ural Bank for Reconstruction and Development offers better loan terms between July 16, 2008 and September 30, 2008. Any customer who gets a consumer loan or an express loan within this period will only have to pay a 12% annual interest rate. In addition, consumer loans can now be taken for a period of up to seven years (provided you find a guarantor for your loan), the bank’s press officer reports. What is more, the bank’s customers can now apply for a second loan while still paying back their first one. Borrowers with a nice credit record can apply for a consumer loan or an express loan

The Ural Bank for Reconstruction and Development is now willing to consider loan applications from any entrepreneur located within the bank’s operating area. Besides, the amount of money one could borrow and the terms of paying it back have been both enlarged: the payment period for the Business Express scoring loan has been extended to two years, whereas the maximum amount of money the bank could give you now comes to up to 1,000,000 RUR if you haven’t got some nice credit record to produce and up to 1,500,000 RUR for the Simplified loan scheme and for any kind of unsecured loan. Moreover,