On December 14, at the 7th National Banking Awards Ceremony organized by the Association of Russian Banks, the lender’s personal loan option Access was judged the country’s best retail credit product

Uniastrum President Gagik Zakaryan received the award from two-time Hero of the Soviet Union and pilot cosmonaut Viktor Gorbatko, marking Uniastrum’s third win of one of the banking sector’s most coveted prizes. This year the Prize Jury chose to present the Bank with a special award for the best retail loan product in the Household Lending category.

Uniastrum launched its Access credit initiative in August 2011 since when demand for the Bank’s consumer lending options has more than doubled. In October and again in December Access was ranked the nation’s best personal loan deal by Sravni.ru web portal.

Under Uniastrum’s Access program, customers can borrow up to Rb 600,000, repayable over a period of 3 years. A general-purpose loan, Access interest rates start at 10.5% APR and are calculated individually on a per-customer basis using risk-based pricing¹. Along with the loan, borrowers automatically receive a Visa Electron card. The credited funds are repayable 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/

“Access can genuinely be said to have become a popular favorite and it gives me great pleasure personally to think that this particular loan program has been rated so highly by our customers and the banking community alike,” notes Gagik Zakaryan. “Uniastrum has always made it a matter of policy to cater to the needs of the wider public by offering competitively priced borrowing and deposit options, while ensuring high-quality service throughout our extensive nationwide branch network.”

1. 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.