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New Refinancing Campaign for Consumer Loans Launched
10.05.2018 17:04
New Refinancing Campaign for Consumer Loans Launched

Sberbank has launched a campaign for its Consumer Loan for Refinancing Loans product. The maximum decrease compared to the base conditions is two percentage points. The minimum fixed interest rate is 11.5% per annum. The maximum loan term has been raised from 5 to 7 years.

      The 11.5%  interest rate is set for loans from RUB 500,000 for the period from 3 months to 5 years; 12.5% – for loans from RUB 500,000 for the period from 3 months to 5 years, as well as from RUB 500,000 for the period more than 5 and up to 7 years. The campaign will run until 31 July 2018.

       Consumer Loan for Refinancing Loans allows up to five loans to be combined (including loans provided by Sberbank, if at least one loan is provided by another bank) into one monthly payment and the interest rate to be lowered. It is possible to refinance consumer, car, credit card, and debit card overdrafts provided by other banks, as well as consumer and car loans provided by Sberbank.

      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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