VTB has reduced the rate on cash loans

© RIA Novosti / Natalia to Seliverstova in fotomontaggi VTB. Archive photoVTB has reduced the rate on cash loans© RIA Novosti / Natalia to Seliverstova the image Bank

VTB has reduced the rate on cash loans by 1.1 percentage points, to 13.9%, according to the message Bank.

«Product «cash Loan» (up to 5 million rubles for a period up to five years) the interest rate reduced from 15% to 13.9%,» — said in the message.

In addition, the refinancing loans are now available from 12.5% per annum. The program allows you to pay off up to six of any loans of the other banks as secured and unsecured for a total amount of 3 million rubles for a period up to 5 years, without guarantees from third parties and in all regions of Bank’s presence.

«It makes refinancing very popular for the removal of encumbrances on real estate from mortgage borrowers and mortgage with car to save on insurance. In addition, the program is suitable for those customers who want to reduce the payment or overpayment on the loan,» — said VTB.

Rate on the loan «Mortgage bonus» reduced from 13.5% to 12.5% per annum. Explains that the loan to VTB unable to customers with a valid mortgage loan in any Russian Bank. In the framework of the cash loan from 400 thousand to 5 million rubles is granted for a period up to five years.

Earlier, on 9 February, the head of Department of retail products VTB Andrey Osipov has told RIA Novosti that VTB expects a decline in rates on loans and deposits of the population by the end of 2018 by 1-2 percentage points as the reduction in the key rate of the Central Bank.

Source