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News

15/09/2006

Bank of Moscow has reduced interest rates on retail loans

Since 11 September 2006 Bank of Moscow has approved new rates for these types of retail loans, as mortgage loan , consumer loans for urgent needs, car loans on a standard program.

Maximum adjustment of interest rates in respect of a product, "Consumer credit for emergency needs." Now, customers who receive wages in the plastic card of Bank of Moscow, and the client side to confirm their income to help form 2-/3-/4-NDFL, will be offered the stake in Russian rubles in the amount of 16% per annum. Customers confirming income help form the Bank, this product will be offered an interest rate in Russian rubles in the amount of 17% per annum.

Recall that a consumer loan for emergency needs in the Bank of Moscow is valid up to 4 years its maximum size can be up to one million rubles (or the equivalent in U.S. dollars/euros). As Managing Director, said the Bloc "The retail business of Bank of Moscow, Alexander Sherstyukov, " for this product, which is considered in the Bank one of the most interesting and challenging for borrowers, have reduced the interest rate at 2 points ".

Interest rates on mortgage loans in the Bank reduced - depending on the term loan and the method of verification of income from the borrower - in 0,1-1,1 item. As a result, obtain a mortgage loan in Russian rubles at the Bank of Moscow is now possible at a rate of 11.9% per annum.

New car rates on standard program in the Bank is also dependent on the method of verification of income from the borrower, they are reduced in comparison with the previous 1 percentage point.

decision to adjust interest rates on a range of retail products for the benefit of the borrower from the Bank of Moscow agreed to accept the Bank's leading position in the retail business and the consolidation of the high competitiveness of these products. "We do not gonimsya for the excess - it is important for us to provide a real opportunity for ordinary people to live better now" , - noted Alexander Sherstyukov.

Source: Kredity.Ru

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