Cash loan at Sberbank

At Sberbank, you can apply for a consumer cash loan in the amount of 10,000 to 30,000,000 RUB for a term of 3 to 60 months. The minimum possible interest rate on the loan is 4% per annum. It applies in the first month for loans issued in the amount of 1 million RUB or more for a term of 13 months or more. In other cases, the minimum possible interest rate is 16.9% per annum, and the maximum is 29.9%.

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

• are citizens of the Russian Federation;
• aged 18 to 80 years old;
• have a work record at their current job of at least 1 month for salary clients, and at least 6 months for others. 

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

Pros:

• large loan amount – up to 30,000,000 RUB;
• long loan term — up to 60 months;
• can be applied for with just one document;
• option to apply online.

Cons:

• high maximum interest rate — 29.9% per annum;
• the minimum interest rate applies in the first month for loans issued in the amount of 1 million RUB or more for a term of 13 months or more;
• the bank may request documents confirming income and employment.