Rising Interest Rates on Business Loans in National Currency
Get the scoop on the latest changes happening in the Belarusian banking scene! Here's a rundown of updates to various bank products as of the latest available information:
Consumer Loans
- Neo Bank Asia's "Big Opportunities" loan: The maximum amount has been reduced from 50,000 to 20,000 Belarusian rubles.
- Neo Bank Asia's "Buy Your Own" loan: The interest rate has increased by 0.5 percentage point to 18% per annum.
Auto Loans
- Auto loan terms for various auto loans, such as "New Car Purchase," "Partner Car Purchase," and "Partner Car Purchase without Collateral," have been reduced from 10 to 7 years.
Business Loans
- Priorbank's "Business Express" loan: The interest rate has increased by 1 percentage point to 16.5% per annum.
- Belagroprombank's "MMB-startup - turnover" business loan: The rate in Russian rubles has decreased by 3 p.p. to 19% per annum. The rate in Belarusian rubles has increased by 1 p.p. to 10.5% per annum.
- Belagroprombank's "Successful Farmer" business loan (turnover variant): The rate in Russian rubles has decreased by 3 percentage points to 19% per annum.
As for other business loans and related services, the article does not provide specific updates. However, it is essential to consider broader financial trends and regional influences, such as the prevailing interest rates across Europe and the impact of elevated interest rates on loan performance observed in Russia.
For the most precise and up-to-date information about Belarusian banking products, consulting local financial resources or institutions directly would be advisable.
- The maximum amount for Neo Bank Asia's "Big Opportunities" loan in Belarusian rubles has been reduced to 20,000.
- The interest rate for Belagroprombank's "MMB-startup - turnover" business loan in Belarusian rubles has increased to 10.5% per annum, while the rate in Russian rubles has decreased by 3 p.p. to 19% per annum.
- In the Belarusian banking scene, it's crucial for startup businesses to be aware of the 0.5 percentage point increase in the interest rate for Neo Bank Asia's "Buy Your Own" loan.
