Cash loan from OTP Bank

At OTP Bank, you can apply for a cash loan in the amount of 15,000 to 3 million RUB for a term of 12 to 60 months. The minimum possible interest rate on the loan is 3.9% per annum, and the maximum is 42.9%. It depends on the survey results and is only known upon conclusion of the agreement.

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

• are citizens of the Russian Federation;
• have permanent registration and place of residence in the region where the bank is present;
• have a work experience at the last place of work of at least 3 months for individuals, at least 12 months for the self-employed and individual entrepreneurs;
• have a permanent income of at least 15,000 RUB per month after tax deductions.

To submit an application for a loan at OTP Bank, you will need to provide only the passport of a citizen of the Russian Federation, SNILS, and INN. But additionally, the bank may request documents confirming income.

Pros:

• large loan amount — up to 3 million RUB;
• long loan term — up to 60 months;
• 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 — 42.9% per annum;
• the bank may request income-verification documents.