From April 10, Sberbank cuts rates on consumer loans by 2 percentage points, the minimum rate will be 19.9%, the bank said in a statement, TASS reports.
"Since April 10, Sberbank has been making consumer loan conditions more favorable for clients. The rate has been reduced by two percentage points. Now the minimum consumer loan rate for all categories of borrowers will be 19.9%", the report says.
In addition to this, Sberbank has reduced the cost of the Money to Payday service, the agency writes.