Credit cards and interest rates on loans in Russian banks

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In recent years, the credit market of the Russian Federation is undergoing major changes. The international economic crisis had the strongest impact on interest rates on loans in Russian banks. It was because of him that many financial institutions were forced to call themselves bankrupt. Those who survived it completely revised their lending policy. The government also played an important role by issuing a bill regulating the rights of all bank customers, both depositors and borrowers. Financial institutions are now required to provide the most complete and timely information on all fees charged in the course of servicing the program.

This move by the government greatly increased the confidence of ordinary citizens in obtaining loans. In the course of the struggle for the consumer, interest rates on bank loans began to decrease. The practice of charging bank commissions for a huge number of "little things" is becoming a thing of the past. Nowmost banks do not oblige the borrower to pay for the issuance of cash or loan processing. Until now, when registering a property or a plot of land as a pledge, the borrower needs to pay for the services of a banking specialist. However, this service can help to significantly expand the scope of the loan. Thus, you can get up to 10 million rubles. for up to 30 years.

Interest rates of banks on loans to the population

Today the banks of the Russian Federation provide a huge number of different programs. One of the most frequently issued is a consumer loan. With it, you can take a loan to buy any product or service: from a mobile phone to education. Interest rates on bank loans are in a wide range from 12 to 70% per annum. Such a large difference in rates is due to the difference in amounts and conditions for obtaining loans. You can get from 30 to 700 thousand rubles by providing just a few documents. A financial institution, wanting to recoup its risks, will inevitably ask for a large overpayment if you provide only a passport. However, by providing a collateral object, a guarantee and a full package of documents, you can significantly reduce interest rates on loans. Banks always meet the needs of those who guarantee the repayment of the debt.

Credit cards

Multiple lending is becoming very popular. Within its framework, banks provide their customers withcredit cards that allow you to borrow money without asking permission from the lender. For example, Home Credit Bank, whose interest rate on "card loans" is 29.9% per annum, allows you to use your money for 51 days completely free of charge. The maximum amount that can be received in this way is 300 thousand rubles. Naturally, the user will have to pay for the maintenance of his card account and, possibly, pay a certain percentage for the withdrawn cash. When applying for a credit card, you should carefully study all the commissions that will have to be paid for its service. At the moment, this way of obtaining loans is rapidly conquering the market and maintains its growth trends.