Starting next week, Sberbank to cut rates on loans

From next week, a leading Russian bank Sberbank will reduce the percentage points for 0,5-3 rates on all loans to individuals. Moreover, it will replace all of the commission. About this today said the head of Sberbank German Gref met with Russian Prime Minister Vladimir Putin. "We are from Monday, April 19 - today I can say about it, all decisions are taken - reduces interest rates for all types of loans to individuals. We were the first on the Russian market, for the first time in our history, decided to abolish all the committees, and also that the bid is declared the loan rate will be effective, final rate for borrowers, "- said Gref. April 19 - will be a key moment in the history of the bank is convinced Gref. All commissions and fees will go into the past. "If we talk about effective rate, the decline for some credit products is 2,5%, and for some - or even three percentage points," - he said. And, according to the head of the Savings Bank, all fees are included in the rates for loans, and thus, the rates will be lowered.