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Belarusian Banks Massively Raising Interest Rates On Loans

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Belarusian Banks Massively Raising Interest Rates On Loans

Real estate and car loans have become more expensive.

Banks continue to raise interest rates on loans. This includes loans for real estate and cars.

Neo Bank Asia, among other things, has raised rates on car loans, Myfin.by writes. Thus, Autoexpress and Autoexpress without collateral loans can now be obtained at 19.99% per annum (an increase of 2.29 percentage points). But a period with a preferential rate is provided if you take out a loan for certain cars.

Neo Bank Asia has also raised rates on Salary Overdraft and Great Opportunities consumer loans to 18.18% per annum (an increase of 0.47 percentage points).

MTBank, among other things, has increased rates on real estate loans. We are talking about “For finished housing from the developer (partner offers)” and “Happy in the place (for finished housing from the developer)”. Now these loans can be obtained at 17.71% per annum — an increase of 0.77 percentage points. In some cases, a period with a preferential rate is provided.

MTBank also raised rates on loans “For shared construction (partner offers)” and “Happy in the place (for shared construction)” to 17.71% per annum.

Sberbank raised rates, including on car loans — to 18.18% per annum. The increase is by 0.47 percentage points. We are talking about loans “Buy a car online” and “Fast and Furious with Sber”. Sberbank also raised rates on some other loans to 18.18%. This affected the offers “Just Online”, “Buy with Sberbank!”, “Buy with Sberbank! (for domestically produced goods)”.

Alfa-Bank has unavailable the option with a 60-month loan term for the “Decent for Personal” and “Online Credit” loans.

BNB-Bank has increased the price of its real estate loans “Mortgage from BNB-Bank (10% advance payment)” and “Mortgage from BNB-Bank (15% advance payment)” — to 18% per annum (an increase of 0.5 percentage points).

Belgazprombank, among other things, has raised rates on real estate loans “Housewarming Soon Without Guarantors”, “Housewarming Soon”, “Building Together Without Guarantors”, “Building Together” — to 16.9% per annum. The increase is 0.4 percentage points. This financial institution has also increased the price of car loans.

Zepter Bank, Bank Reshenie, Statusbank, Paritetbank, Bank BelVEB, and Belinvestbank have also raised interest rates on some loans.

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