OREANDA-NEWS. Sberbank reduced interest rates on new consumer loans by 0.5 to 2 percentage points.

Interest rates have been lowered the most for new Sberbank clients: by up to 2 percentage points. For payroll project clients the largest reduction is 0.5 percentage points.

For Consumer Loans Under Personal Surety clients can now take advantage of interest rates from 16.5% per annum in roubles. For the product Unsecured Consumer Loan - from 17.5% per annum in roubles. Interest rates are set individually depending on credit history, solvency and client category.

Changes also affect Consumer Loans for Subsistence Farming - these loans will now be offered with interest rates from 22.5% per annum in roubles.

Sberbank does not charge commission on its loans. The life insurance requirement, which is voluntary, does not influence the size of the interest rate specified by the lending agreement.