charges greater interest than declared

It is reported that the difference between the interest declares to charge on its loans-through-bank-cards and the interest the bank actually charges on this loan type comes to as much as 14.5%,’s experts claim. This online project was set up by Pro-Credit, an e-broker; according to the website, insists that the annual interest comes to 23% but in fact the loan maintenance costs the borrowing parties over 37.5% a year.

The e-broker’s experts say this is the largest overcharge detected among Russian banks within the scope of their investigation. No other bank was bold enough to have such a striking difference between the declared and the actual interest taken on loans-through-bank-cards.

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