UrBC, Yekaterinburg, November 20, 2017. The Ural Bank for Reconstruction & Development reduced its loan refinancing rates by 2% to 6% on November 14, 2017, the bank’s press service reports.

You can now reduce your annual interest rate down to 13% (this holds for customers who have their salary accounts with the bank) or even down to 15% (this holds for all other customers) if you make your loan payments five days before the deadline using an ATM or online banking apps and if you transfer your salary into a UBRD account or use the bank’s card to pay for your shopping.

The refinancing program enjoys very good demand at the moment, for obvious reasons: people who borrowed money at a high interest rate in 2015 and 2016 now want to ease their family budget burden a bit. We understand this and try to meet our customers’ needs by making our refinancing services more affordable,’ says the bank’s Lending Director Svetlana Davydova.

The UBRD launched its loan refinancing program (for loans taken out at other banks) in March 2017; the funding the bank’s customers receive for the purpose goes up by 50% every month.