Bank adjusts offerings in financial products
Sber Bank Revamps Auto Loan Programs: Introduces New "Buy Online!" Loan and Updates "Arrow!" Loan
Sber Bank, Russia's largest bank, has announced updates to its auto loan programs, focusing on digital and online platforms to facilitate quick and convenient car financing. The changes include the introduction of a new "Buy Online!" loan program and updates to the "Arrow!" loan program.
The "Buy Online!" loan program offers loans of up to 15,000 rubles without the need for guarantors, income statements, or collateral. The interest rate for this new program is 16.55% per annum. The term for the loan ranges from 13 to 60 months.
Sber Bank has also made adjustments to its vehicle purchasing loan products, with the "Arrow!" loan programs receiving updates such as lower interest rates and extended repayment terms. The interest rate for the updated "Arrow!" loan, with a grace period of the first 10 months, is 16.75% per annum. With a grace period of the first 6 months, the new interest rate for the "Arrow!" loan is 17.75% per annum, and with a grace period of the first 12 months, it is 18.15% per annum. The general conditions for the "Arrow!" loan have an interest rate of 17.9% per annum, with a term up to 5 years. An installment plan remains in effect for the "Arrow!" loan, with unchanged parameters.
Two new partners have been added to the "Buy a Car Online" loan: LLC "Auto Center Atlant-M Borovaya", JSC "Atlant-M Farcoghandel", and LLC "Alfort".
In separate news, MTBank has increased the size of the commission for cashless crediting of funds to a card in foreign currency from 2% to 3%. The new commission rate applies to not less than 5 Belarusian rubles.
For the most current and detailed specifics about Sber Bank’s updated loan program terms for these exact products, including eligibility, loan amounts, repayment terms, and any special promotions, it is recommended to consult Sber Bank’s official website or contact their customer service directly. Up-to-date official sources or bank communications should be the definitive resource for the specifics of these proprietary loan offerings.
Finance options have been revamped at Sber Bank, with the introduction of the "Buy Online!" loan program offering financing of up to 15,000 rubles without traditional requirements like guarantors, income statements, or collateral, while featuring an interest rate of 16.55% per annum. The improved "Arrow!" loan now offers lower interest rates and extended repayment terms.
