Bank of Moscow Reduced Interest Rates on Consumer Loans for Timely Payers

Published 20.05.15

The Bank of Moscow has launched a new option - "Reduction of Interest Rates at Good Payment Discipline". This option can be activated free of charge for Cash Loans and the Third Bank Loans Refinancing Programmes, for loans granted from May 20, 2015 for all categories of clients.

The interest rate is reduced after each 12 monthly payments, successively, by 0.4 per cent points (p.p.), 1 p.p., 2 p.p. and 4 p.p., if the re are no payment delays or debt restructuring. Maximum reduction of interest rate from its initial level is 7.4 p.p. When an interest rate is reduced, the client receives a corresponding SMS-message.

"As a bank with state participation, we always strive to offer products and services, interesting for the target audience, taking into account the present-day realities. This spring-summer season each borrower has got a possibility not only to get a loan on favourable terms, but also to make its terms better, reducing interest rate (and payment amount), within the loan term. The Bank of Moscow is willing to encourage responsible borrowers, those borrowers, who pay in time", - commented Roman Tsivinyuk, Director of Retail Products Department of the Bank of Moscow.

Contact info:
Press office of the Bank of Moscow:
Tel.: +7 (495) 624-74-40
E-mail: pr@mmbank.ru

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