Cash loan from VTB

At VTB, you can get a consumer cash loan ranging from 100 000 to 40 000 000 RUB for a term of 6 months to 7 years. The minimum possible interest rate on the loan is 3.9% per annum. It is available when applying for a loan from 100 000 to 7 000 000 RUB and opting in for the "Your Low Rate" service or purchasing life and health insurance. The maximum interest rate in this case is 29.9% per annum. 

If you decline the "Your Low Rate" service and life and health insurance, as well as when applying for a loan of 7 000 000 RUB or more, the minimum possible interest rate is 13.5% per annum, and the maximum is 45.8%.

Borrowers who meet the following requirements can apply for a consumer loan at VTB:

• are citizens of the Russian Federation;
• have permanent or temporary registration in the region where the bank operates;
• aged from 23 to 75 years old;
• have a total work experience of at least one year;
• have a stable income of at least 10,000 rubles per month.

To apply for a VTB loan of up to 300 000 RUB, you will only need to provide a Russian internal passport. For amounts from 300 000 to 1 500 000 RUB, you will also need a proof of income document, and for amounts over 1 500 000 RUB, a document confirming employment.

Pros:

• large loan amount — up to 40 000 000 RUB;
• long loan term — up to 7 years;
• low minimum interest rate — 3.9% per annum;
• can be applied for with just one document;
• option to apply online.

Cons:

• high maximum interest rate — 45.8% per annum;
• to get the minimum interest rate, you must connect the "Your Low Rate" service or purchase life and health insurance;
• to get 300 000 RUB or more, documents confirming income and employment are required.