Sberbank will lower rates on consumer credits to pre-crisis levels

May 1, 2017 interest rates across the range of consumer credits of Sberbank will be reduced, the maximum reduction rate compared to the base line of the Bank will amount to 4 percentage points (PP), the message of Sberbank.

“The market situation is changing, the consumer lending market is gradually recovering, reduced the key rate, and the savings Bank to adequately respond to these changes. The savings Bank in April has also almost doubled the maximum loan amount for consumer loans and now brings interest rates to a level which is significantly below the pre — crisis level”, – explained in the press service of the Bank.

After lowering the minimum rate on consumer credit under the guarantee of physical persons, will amount to 12.9% per annum. Earlier this level the rate fell in mid-February of 2017 as part of a special spring promotion.

Consumer loans in rubles without collateral minimum rate of 13.9% per annum. Moreover, through special promotions, such loans can be obtained with an additional discount of 1 percentage point by submitting a request using the service “Sberbank Online”.

Until June 18, 2017 the minimum rate on the resulting loan amount exceeding 300 thousand rubles will amount to 12.9% per annum.

Simultaneously, Sberbank simplifies the procedure of obtaining loans used for refinancing loans from other banks. These loans will be offered at a fixed rate of 13.9% per annum in rubles, and, moreover, now customers will not require confirmation of target use of credits.