UBRD: Loans up to RUB 300,000, No Proof of Income Needed

UrBC, Yekaterinburg, October 15, 2019. Starting October 14, 2019, the Ural Bank for Reconstruction & Development (UBRD) offers its customers loans up to RUB 300,000 large on the basis of one’s ID only, the bank’s press service reports.

UBRD customers who have a paycheck account with the bank can apply to borrow up to RUB 1.5m (no proof of income necessary), and customers who’ve taken out loans with the bank in the past can apply to borrow up to RUB 1m. The loan period is 3.5 or 7 years. The interest rate starts from 9.5% a year. The maximum loan amount comes to RUB 3m (a proof of income will be necessary).

According to Consumer Lending Director at the UBRD Lyubov Toropitsyna, the lending market has been growing steadily thanks to dropping interest rates on consumer loans.

‘People have been applying for loans more as the interest rates tend to go down. Our interest rate of 9.5% a year is actually below the market’s average. That you can get the loan without any extra paperwork and red tape is another advantage,’ Toropitsyna says.

You can apply for the loan at any of the bank’s offline branches or online. For more information, please visit the company website.


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