FIRST CZECH-RUSSIAN BANK LLC (FCRB, LLC) Launches Consumer Lending Program

In October, the retail product line of the FIRST CZECH-RUSSIAN BANK LLC (FCRB, LLC) was expanded to include a new consumer lending program for private individuals. The consumer credit is issued in roubles, U.S. dollars or euros for periods from six months to seven years. The maximum credit amount is R2,500,000 or $/E100,000. The interest rate is from 15%, depending on terms and currency. The one-off fee for opening the credit account is 2% of the credit amount, but not less than R1,350/$/E50. The program is oriented to Russian citizens with permanent residence registration in Moscow or the outlying region. The borrower may be any person over 20 years, but below the pension age. Additionally, a borrower’s overall length of service must be at least 2 years, including one year at last workplace.

Source: BANKIR.RU, October 24, 2007