Bank of Moscow Launches Its Loan Management Program
OREANDA-NEWS. The Bank of Moscow launches its comprehensive Loan Management program, which is unique for the Russian retail lending market.
The key purpose of the program is to support clients of the Bank of Moscow and other commercial banks in managing their loans. The program enables to:
reduce the monthly payment of the loan;
receive additional funds;
reduce the interest rate of the loan;
unite several loans in one.
The Loan Management program is divided in two parts:
MaxiCredit program is intended for managing loans of the Bank of Moscow. Borrowers will be able to receive additional funds and reduce the interest rate on the loan by 2%.
Refinancing program is intended for managing loans of outside banks and offers clients to transfer their loans to the Bank of Moscow on more favorable terms and conditions.
The maximum loan amount for each of the programs is RUB 3,000,000.
"For us as a socially responsible bank it is important not just to provide a loan to a borrower, but also to ensure comfortable loan servicing for the client. By using the new program, each client will be able to feel that the loan is not "a burden for the family budget", but a long-term and mutually beneficial partnership with the bank. Borrowers who want to improve terms and conditions of their existing loans may apply to the Bank of Moscow and explore new options for their day-to-day life", — said Natalia Konovalova, Vice President -Director of the Retail Product Department of the Bank of Moscow.