Belarusian Banks Introduce Credit Innovations

They affect car loans, among others.

Some banks have introduced innovations on loans. They concern, including loans for transport.

"Bank BelVEB" from July 24 increased the loan term up to 5 years inclusive for "Consumer loan without references and guarantors.

"Alfa-Bank" offered some customers an offer to change the general terms of lending from August 5. As specified in the financial institution, among other things, this applies to loans "Credit Card for Individuals", "Alfa Overdraft", "Online Loan", "Video Loan", "Alfa Renewal", "Purchase in installments", "Red Card", "Red Card Plus", "POS-loan", "Cash Loan", "Decent Cash", "Branded Loan".

"Bank BelVEB" on the loan "For Goods" increased the rate, effective at the end of the grace period, by 0.25 percentage points. Now it is 20.15% per annum, writes Myfin.by.

Belinvestbank's loans "Personal Choice" and "Personal Choice Online" have been supplemented with a new option with a loan term of 3 years. Previously, they were available only a variant with a term of 2 years.

"Sber Bank" adjusted the parameters of the loan "Buy a car online. Thus, under the main program for all Belgee models the maximum term of the grace period has increased from 3 to 6 months. At the same time, the effective rate during it decreased by 2 percentage points - to 14% per annum. And the rate applied at the end of the grace period was reduced by 2.2 percentage points - to 16.9% per annum.

There were also added three more programs with partners Avtopromservice LLC, Lozange LLC, Avtocentre Sever LLC, Minsk-Lada SOAO.

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