The loan is provided with tenor from 1 to 5 years in rubles, US dollars or Euro at the customer’s choice. The minimal loan amount per one borrower is 75 thousand rubles and the maximal one is 2.5 million rubles (or its equivalent in foreign currency). Interest rate varies depending on loan tenor. For ruble loans, it is set at 14-14.5% per year, for loans in foreign currency – 11–11.5% per year. Minimal down payment amounts to 15% out of cost for a motorcycle.
Providing loans to private individuals is one of the key Bank’s activities. From the beginning of the year our retail loan portfolio has increased by over 45% and amounted to 7.85 billion rubles as of July 1, 2008, and our car loan portfolio has more than doubled for the same period and amounts to 2.36 billion rubles.