OREANDA-NEWS. November 09, 2010. Under Uniastrum Bank’s U-Money program customers receive a general purpose cash loan or a Visa card, provided at no extra charge, which they can use anywhere in the world to pay for goods and services. The credited funds can be repaid at any Uniastrum branch or via a cash deposit machine, reported the press-centre of Uniastrum Bank.

The U-Money initiative allows borrowers to take out up to Rb 900,000 for 5 years without the need for security or guarantors. Importantly, U-Money customers can choose their own monthly repayment date and opt for early settlement without incurring penalties or additional fees. The application process takes just 5 business days or less. Also, Uniastrum payroll cardholders enjoy a number of conspicuous benefits. For details about the Bank’s U-Money program and to fill in an application form, click on www.uniastrum.ru.

Based on figures released by RosBusinessConsulting news agency, Uniastrum ranks among Russia’s Top-30 biggest banks in terms of total consumer credits disbursed in H110, during which time the Bank issued some Rb 950 mn in unsecured loans, expanding its unsecured credit portfolio more than 100% year-on-year as of July 1, 2010, when it topped Rb 2.4 bn.

“Cutting the minimal amount that can be taken out under our U-Money scheme makes borrowing available to a wider clientele,” notes Oleg Shvetsov, First Deputy Chairman of Uniastrum’s Management Board. “Over five thousand visit our branches every day, which testifies to our reputation for offering banking solutions that meet customers’ real needs.”