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Sberbank Reduced Consumer Lending Interest Rate
20.02.2018 09:06
Sberbank Reduced Consumer Lending Interest Rate

Sberbank is launching a spring promotion for its products Unsecured Personal Loan and Personal Loan Under Personal Surety. Interest rates have been reduced by 1.4 percentage points for loans of at least 250,000 roubles. Under this promotion the minimum rate for both products is 11.5%. This is the lowest ever consumer lending rate offered by Sberbank.

      Sberbank held a New Year’s promotion from 15 November 2017 to 31 January 2018 that offered a minimum rate of 12.5%.

      Sberbank does not charge any commission on its loans, while life insurance offers are voluntary and do not impact the size of the interest rate.

      Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.


Author: Anna Dorozhkina


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