UralFinPromBank raises consumer loan rates

UrBC, Yekaterinburg, October 16, 2017. The Ural Bank for Reconstruction & Development (UBRD) reduced its consumer loan interest rates in October: depending on the loan type, the decrease amounts to anything between 1% and 7.9%, the bank’s press service reports. According to UBRD Lending Services Director Svetlana Davydova, loans are generally growing more affordable on the national market. ‘Russian banks have to adjust their consumer loan interest rates in compliance with the Central Bank’s requirements and so as to keep up with the current market trends. Better lending terms naturally

SKB-Bank introduced low interest rates on consumer loans on March 19, 2007, reports the bank’s press officer. The Loan to a Friend, for instance, now comes to 13,9% a year if you use it for less than a year, to 15.9% if you use it for three years, and to 16.9% if it takes you five years to pay it back. If a customer only wishes to borrow up to 250,000 RUR, only one backer is needed; two guarantors or a guarantor and a collateral are required if a customer would like to get more than 250,000 RUR. One could use their spouse in the capacity of a guarantor, too. The upper loan limit hasn’t been

Ural Bank for Reconstruction and Development lowered its consumer loan interest rates on June 4, 2007. This offer covers loans ranging from 50,000 RUR to 600,000 RUR. ‘Now we can come up with the advantage of very attractive financial terms in addition to a sizeable amount of money, conveniently long period of payment, lack of monthly commissions, and quick processing of a customer’s application that are characteristic of our consumer loans,’ the bank’s press officer says.

OOO Koltso Urala Commercial Bank came up with some much improved consumer loan offers: the interest rates on all the loans for private individuals have been decreased to 12% a year. The bank used to offer its loans for 19.9% a year, now it’s only 12%. The bank’s Retail Director Konstantin Bogatyrev explains the unprecedented drop in the interest rats is seen as a special offer for customers who need the money for a short time period. Most other banks usually offer such borrowers the so-called express loans: expensive loans for a short period of time. Koltso Urala came up with an alternative:

UrBC, Yekaterinburg, August 26, 2019. The Ural Bank for Reconstruction & Development (UBRD) brought the interest rates on consumer loans down for the second time this summer, the bank’s press service reports. The changes involved the bank’s entire consumer loan product range and now apply to both existing customers and new applicants. The interest rates declined by over 4% overall. ‘There are many factors we take into account when shaping our product range; the market situation and the customers’ needs are two such factors. The Central Bank’s policy to reduce the key rate in the last few