VTB Bank (Kazakhstan) has eased credit terms under the program of «Cash loan»

30.05.2014 VTB Bank (Kazakhstan) has changed the terms of the program of unsecured consumer loan – «Cash loan». In particular, in accordance with new terms, maximum loan amount has increased up to 5 million tenge, maximum term of lending has increased up to 60 months.

Dmitry Yakovlev, Deputy Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «Lending program of «Cash loan» - is the flagship product of our Bank in its category. Pledge and initial contribution are not required for obtaining it, customers are offered the most profitable interest rates with minimum package of documents. According to analysis following the results of the I quarter of 2014, issuance of this product have amounted to 59 % of total loans to individuals of the Bank. We strive to take into account wishes of our customers and always meet them halfway. Changing the terms of the program of «Cash loan» will let us to meet their more large-scale needs, simultaneously reducing the burden on budget by means of reducing the size of monthly payment».

«Cash Loans» are provided to nationals of the Republic of Kazakhstan who have reached 22 years and are ready to confirm a stable income. Interest rate of the loan varies from 19,5%, annual effective interest rate - from 22,5%.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian OJSC VTB Bank. License of the FSA of the RK No. 1.1.259 dated 22.05.2009.
The Bank was assigned international rating at the «BB+» / «Negative» forecast level from Standard & Poor’s Agency. The branch network of VTB Bank (Kazakhstan) covers 17 cities and amounts to 24 points of sales. VTB Bank and its subsidiaries form international financial group which conducts its activities in Russian and foreign markets. VTB Group consists of more than 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – is the Government of the Russian Federation (60,9%).