Cash loan at Otkritie

At Otkritie, you can apply for a cash loan for any purpose in the amount of 50 thousand to 5 million RUB for a term of 12 to 60 months. The minimum possible interest rate on the loan, subject to life and health insurance, is 4% per annum, and the maximum is 8.9%.

If you refuse life and health insurance, the minimum interest rate on the loan is 12.5% per annum, and the maximum is 28.9%.

The loan is credited to the Opencard debit card from Otkritie. By paying with it, you can receive cashback for purchases, exchange it for rubles, and partially pay monthly payments under the agreement.

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

• are citizens of the Russian Federation;
• have permanent registration within the territory of Russia;
• aged from 21 to 75 years old;
• have a work experience of at least 3 months at their current job and a total work experience of at least 1 year.

To apply for a loan at Otkritie, you will only need to provide a Russian passport. However, the bank may additionally request documents confirming income for the last 12 months.

Pros:

• large loan amount — up to 5 million RUB;
• long loan term — up to 60 months;
• low minimum interest rate — 4% per annum;
• can be applied for with just one document;
• option to apply online.

Cons:

• high maximum interest rate — 28.9% per annum;
• life and health insurance is required to obtain the minimum interest rate;
• the bank may request documents confirming income for the last 12 months.