Refinancing at UBRD

At UBRD, you can refinance loans from 30 thousand to 5 million rubles for terms from 3 to 10 years. The minimum possible interest rate on the loan is 11% per annum. The overpayment is determined individually for each borrower, but the most favorable terms are available for payroll clients and when taking out life and health insurance.

If you take out refinancing not for the full limit amount, you can additionally request funds for your own needs.

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

• are citizens of the Russian Federation;
• have permanent registration within the territory of Russia;
• aged from 19 to 75 years;
• have a work record at their current job of at least 3 months for individuals, and at least 1 year for sole proprietors;
• have no overdue debt on current loans.

To apply for refinancing at UBRD, you will need to provide a Russian internal passport and details for paying off the loan at another bank. If you need an additional amount, a document confirming income will also be required.

Pros:

• large refinancing amount — up to 5 million RUB;
• long refinancing term — up to 10 years;
• low minimum interest rate — 11% per annum;
• option to apply with just one document;
• option to apply online.

Cons:

• to get the minimum interest rate, you must be a payroll client and take out life and health insurance;
• documents confirming income are required to get an additional amount for personal needs.