UrBC, Yekaterinburg, July 10, 2018. The Ural Bank for Reconstruction & Development (UBRD) recently reduced its business loan refinancing rates, so borrowers can now apply for a refinancing scheme at only 9.5% a year.

The refinancing limit stands at RUR 30m, with the repayment period of up to five years. However, the repayment period can get extended in some cases. You can provide your real estate, automobiles, and other assets (excluding actual goods) as loan security. The offer only holds for three months between July 2 and September 30, 2018.

This refinancing option is one way to decrease your business’s debt burden. You can get loans from several different banks merged into one and refinanced at the UBRD. A single loan is easier to administer, with just one payment date, one payment, and one bank. Thanks to a decreased interest rate and a longer repayment period your business gets a very reasonable monthly repayment amount. You can also apply for a one-year delay in the start of the repayment process in order to manage your current funds and deal with top priority issues. A seasonal business can also apply for a flexible repayment schedule. Finally, you can use the e-banking options to track payment deadlines, payment amounts, and repaid interest.