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Interest rates decreasing and adjustments to loan amounts

Latest adjustments in credit product parameters from Belarusian banks as per our routine review have been summarized here.

Declining Interest Rates and Adjusting Loan Amounts
Declining Interest Rates and Adjusting Loan Amounts

Interest rates decreasing and adjustments to loan amounts

In the financial landscape of Belarus, several changes have been made to the credit card and loan offerings of three major banks. Here's a rundown of the updates:

Priorbank's "Online Loan Proste.net" now offers a maximum amount of 25,000 Belarusian rubles, a decrease from its previous limit. On the other hand, the maximum amount for Priorbank's "Credit Card" product has increased to 55,000 Belarusian rubles, providing customers with a larger spending capacity.

Belinvestbank has made significant adjustments to its "Residential Property Financing" loan (including construction). The interest rate for this loan has been decreased to 15.5% per annum, a decrease of 1.38 percentage points. However, the name of the bank manager who conducted these changes remains undisclosed.

Alpha Bank has expanded the limit for its "100 days" and "Red Card 2.0" credit cards, increasing it to 5,000 Belarusian rubles.

Lastly, the maximum amount for Statusbank's "Quick Buys BY" loan has increased to 15,000 Belarusian rubles.

These changes aim to cater to the varying financial needs of customers in Belarus, offering both reduced interest rates and increased credit limits in some cases. Stay tuned for more updates from the Belarusian banking sector.

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