OREANDA-NEWS. October 20, 2011. Ratings compiled by Sravni.ru web portal show the lender’s personal loan option Access to be this month’s market-beating choice, reported the press-centre of Uniastrum Bank.

Using its own credit calculator, Web portal Sravni.ru has compared the consumer lending programs offered by banks this October, employing the following criteria: type: emergency loan, amount: Rb 100,000, term: 12 months, locality: Moscow. The results show a Uniastrum loan to be the best deal around.

Since Uniastrum launched its Access program this August the number of applications for personal loans has doubled. As of October 1, the Bank’s consumer loan portfolio tipped the scales at Rb 3.2 bn.

Under the program, borrowers can take out a loan of up to Rb 600,000, repayable over a period of 3 years. The credited funds can be used for any purpose. Interest rates start at 10.50% APR and are calculated on a per-customer basis using risk-based pricing*.

Along with the loan, borrowers automatically receive a Visa Electron card. Repayment is by fixed monthly installments, which can be made at any Uniastrum branch, via self-service kiosks, or using QIWI and Elecsnet payment terminals. For more details visit http://www.uniastrum.ru/personal/crediting/customer/affordable/

“The name of the product tells you exactly what it offers,” says Vasily Kuznetsov, Deputy Chairman of Uniastrum’s Management Board. “An Access loan gives borrowers access to money for any purpose at a competitive interest rate calculated individually for each customer. Other notable benefits include a hassle-free application process and convenient payment options.”

*Depending on individual borrower parameters, and credit terms, interest rates range from 10.5% to 20.5% for a loan period of 1-12 months, 14.7% to 22.5% for 13-24 months, and 18.7% to 26.9% for 25-36 months. The arrangement fee is 2% of the principal amount and payable on the day the loan is issued. For Bank employees, customers with Uniastrum payroll cards, customers with a positive credit history at Uniastrum Bank, employees of organizations with a reliable borrower history at Uniastrum Bank, as well as employees of organizations partnering the Bank under corporate sales schemes, the arrangement fee is waived. For borrowers aged 60-65 credit is issued on condition that he or she takes out a life insurance policy.

Insurance must be taken out with a company meeting the requirements of Uniastrum Bank in respect of insurance organizations; interest charged on the loan increases in proportion to the cost of the insurance. The credit is issued by transfer of the borrowed funds to the card of the borrower; in cases where cash is issued a fee may be charged commensurate with the tariffs charged by the organization owning the terminal or the ATM, or the bank servicing the transaction. The credit may be repaid via a terminal owned by Bank partner organizations, for which a fee may be payable commensurate with the tariffs charged by the organizations owning the terminal or the ATM, or the bank servicing the transaction.