OREANDA-NEWS. September 25, 2009. Newly released results from RosBusinessConsulting show that in H109 Uniastrum Bank emerged as one of the nation’s leading unsecured lenders, capturing the No.18 slot among Russia’s biggest “personal creditors”, reported the press-centre of Uniastrum Bank.

Between year-start 2009 and September 1 Uniastrum’s personal loan portfolio grew 58% to top Rb 1.3 bn. The Bank’s most popular personal lending scheme is its U-Money option, which allows borrowers to take out a general purpose loan of up to Rb 900,000 for up to 3 years without any need for security or guarantors.

Interest charged on the loan totals 28.9% p.a., and there is a 2.9% disbursement fee. Importantly, there are no hidden extras. For their added convenience, borrowers are given a Visa Electron card to draw the loan, which is repayable in equal monthly installments.

Once submitted, a loan application can be processed within 5 days or less.

The “U-Money” lending option offers the following benefits:

cash for any purpose

no security or guarantors necessary

no insurance required

no account maintenance fee

flexible payment plan

full repayment at any time without penalty charges or early settlement fees

minimum paperwork and formalities for loans up to Rb 150,000

customers can choose between a cash loan or, alternatively, a bank card to pay for goods and services anywhere in the world

As an added bonus for corporate clients, Uniastrum payroll cardholders enjoy preferential loan conditions.

“Uniastrum has long held a noticeably strong position in retail lending,” says Oleg Shvetsov, Deputy Chairman of Uniastrum’s Management Board. “Our credit terms have always been highly appealing, not least because we’ve made a policy of not charging hidden extras, maintaining a conspicuously high standard of service and offering prime-quality banking products. Also, our restructuring options have been specially designed to meet the needs of the times. As a result, our customers value us for our ongoing commitment to their interests and our consistent professionalism.”