OREANDA-NEWS. May 04, 2010. Raiffeisenbank has updated its consumer lending terms and reduced its interest rates on "Personal Loans" by 3-4%, reported the press-centre of Raiffeisenbank.

Now the Bank is offering 1 to 5 year loans from 91,000 to 750,000 roubles at 14.9% per annum if the borrower’s income is confirmed by a 2-NDFL Certificate. No pledge or third-party guarantee is required.

Raiffeisenbank is also giving borrowers the opportunity to confirm their income using a form approved by the Bank. In this case, loans may be issued from 91,000 to 450,000 roubles for 1 to 5 years at 14.9% per annum. No pledge or third-party guarantee is required.

"Raiffeisenbank compares favourably with its competitors in terms of the wide range of services and loan products offered that are regularly updated to comply with the needs of our clients," said Andrey Stepanenko, a Member of the Board, and Head of Raiffeisenbank’s Head of Retail Private Individuals Directorate. "Amidst the unstable conditions that prevailed on the Russian banking market before, we could no longer give borrowers the option to confirm their unofficial income despite the fact that in previous years we had a very positive experience with this. Now we are pleased to once again offer our clients the option to confirm their real income".

New "Personal Loan" tariffs have been introduced simultaneously in all the regions in which the Bank operates.

For further details on the conditions and benefits of Raiffeisenbank’s consumer loans, please go to the "Unsecured Loans" section.