As part of the continuing improvement of its consumer lending program, the ZAO Raiffeisenbank is offering its clients new lending terms. According to the new terms, the maximum loan period has been increased to 5 years (from 3 years), the loan servicing commission has been cancelled, and the minimum amount for early payment has been reduced to 10,000 rubles (from 30,000 rubles).
As well as this, the minimum income requirements of the borrower have changed. Now, in order to receive a loan, the income of the borrower after tax in the last 6 months must be no less than:
Raiffeisenbank offers consumer loans from 91,000 to 750,000 rubles at 24.9% per annum.
Further information on the terms and advantages of Raiffeisenbank consumer loans can be found in the section ’Consumer loans’.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 2009 results.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 59,000 employees service around 15 million customers via more than 3,100 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.