Consumer credit interest rates - up to 100%!

“We have been given these numbers, we do not know why the interest rates are like this," one bank reference centre replied.

"Sombelbank" surprised us with a low interest rate - only 7.17%. But it turned out that it was... a monthly interest rate. The annual one is 86.4%.

"Sombelbank" employee: "The consumer credit interest rate is 7.17% a month. No warrantors or income certificate required."

"RRB-bank" is using the same trick - the full interest rate is 5.2% but the annual one is much less attractive - 62.4%!

“Absolutbank" used to give 15% credits plus the commission. The interest rate has changed to 55-60% for consumer credits today. There is no commission anymore - but it is included in the interest rate now.

The 24% express credit in "Belrosbank" (plus 3.5% of the commission) has changed to a credit with the interest rate of 95%. The sum is almost unreal: you take 10 million roubles and if you decide to pay back in two year you will have to overpay more than 12 millions!

Photo by — v-nashem-mire.ru