OREANDA-NEWS. August 16, 2011. Uniastrum Bank now offers a general-purpose loan with rates determined on a per-customer basis using risk-based pricing – a methodology that assesses the borrower’s credit history and the probability of default with the wider objective of offering creditworthy customers easier terms.

Under the new program, borrowers can access credit of up to Rb 600,000, repayable over a period of 3 years. Along with the loan, customers automatically receive a Visa Electron card. Conspicuous benefits offered by Cash Access credit include competitive interest rates, a hassle-free application process, and convenient payment options.

Borrowers are not required to take out life or employment insurance and no fee is charged for full or partial early settlement. Customers with Uniastrum payroll cards or with a positive credit history, as well as employees of reliable borrower organizations or those partnering the Bank under corporate sales schemes are able to take advantage of the lender’s cut-price loan terms. The credited funds are repayable by fixed monthly installments, which can be made at any Uniastrum branch, via self-service kiosks, or using QIWI and Elecsnet payment terminals. For more details visit http://www.uniastrum.ru/personal/crediting/customer/affordable/

“Risk-based pricing allows us to offer our clientele not only competitive but also fair borrowing terms,” says Vasily Kuznetsov, Deputy Chairman of Uniastrum’s Management Board. Under the system interest rates are set individually, which means that customers with a good credit history can take out personal loans on highly competitive terms.”