Renovation loan at Home Bank

At Home Bank, you can get a renovation loan from 30,000 to 3 million RUB for a term of 1 to 84 months. The minimum possible interest rate on the loan is 4.9% per annum, subject to subscribing to the optional "Low Rate Guarantee" service, or 24.9% without it.

You can get the paid interest back. To do this, you need to:

• receive the loan on any Home Bank debit card;
• take out life and health insurance and subscribe to transaction alerts;
• make at least five purchases totaling 10,000 RUB or more per month;
• use additional services.

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

• are citizens of the Russian Federation;
• have permanent registration within the territory of Russia;
• aged 18 to 85 years old;
• have a work history of at least 3 months at their current job;
• have a steady source of income;
• have a good credit history.

To apply for a loan at Home Bank, you only need to provide a Russian internal passport. However, the bank may additionally request documents confirming your income.

Pros:

• large loan amount — up to 3 million RUB;
• long loan term — up to 84 months;
• low minimum interest rate — 4.9% per annum;
• option to get paid interest back;
• can be applied for with just one document;
• option to apply online.

Cons:

• high maximum interest rate — 34.9% per annum;
• subscribing to the optional "Low Rate Guarantee" service is required to get the minimum interest rate;
• the bank may request income-verification documents.