Additional information

In compliance with the requirement of the Russian legislation and in the manner established by Instruction of the Bank of Russia dated 13 May 2008 No. 2008- У, the Bank of Moscow informs each and every Borrower of the full cost of the loan before concluding the loan agreement.

The full cost of a loan depends on a multitude of factors, including the loan term and the approved loan sum (the credit limit). The Borrower is provided with information about the full cost of the loan, proceeding from the conditions agreed between the Borrower and the Bank, for inclusion in the loan agreement, before the loan agreement is signed (including immediately beforehand).

Calculation of the loan full value for Car Loans

Calculation of the loan full value for the QUICKloan

Calculation of the loan full value for the Cash Loan

Contact your branch of the Bank or ring:
 +7 (495) 925-80-00 (Moscow),
8-800-200-23-26 (Russian regions)

at your convenience, for information about the full cost of the loan under your loan agreement or for a preliminary estimate of the full cost of a consumer loan on your requested loan terms.

• All payments against a loan are equal (apart from the last payment).
• The last payment differs from the monthly payment and is made no later than the date set in the loan agreement.
• Before making the last payment to pay off a loan, please contact the Bank of Moscow branch/subsidiary to find out the precise sum required.
• If a regular payment day falls on a non-working day, the payment day is counted as the first subsequent working day (the sum owed (including any arrears) is calculated and paid on the first working day following the weekend or public holiday).
• If a given month does not include a payment date, the payment should be made on the last day of the month.
• If the payment towards the loan is made by bank card, the payment should be made no later than 20:00 hours (local time) on the payment date to ensure timely payment.

Ways to pay off a loan:

• by ATM with a Cash-in function;
• using WEB-Banking
• at Bank branches/subsidiaries;
• via the Russian Postal Service;
• from your account in another bank.

If necessary, someone else may repay your loan on presentation of:

• Russian passport (of the person paying in the funds);
• transfer details (account number, full name and passport details of the Borrower);
• power of attorney (if the loan is paid off in foreign currency).

Early repayment of a consumer loan:

• the Borrower can apply ion writing at any time during the loan term to pay off the loan in full or in part:
  • early repayment in full — at any time;
  • recommended date for partial early repayment — the next payment date.
• no charge is made for early repayment of a loan;
• at the branch/subsidiary that extended the loan.

For more detail on repaying your loan, please see the relevant loan agreement.

• Cash Loan
• Car Loan
• QUICK Loan

I. The decision to take out a consumer loan is a critical one

A consumer loan is extended by a bank for purchase of goods (work, services) for personal, domestic and other non-business purposes.

To take out a loan means to assume the obligation to pay off the sum of the loan (received from the bank) in a timely fashion (as determined by the loan agreement) and to pay interest on the loan.

The loan agreement terms often also envisage the need to make other payments to the bank connected with receipt and repayment of the loan (bank charges for reviewing the loan application documents, opening and maintaining a bank account, remitting sums, and so on) and to other parties (payments associated with insurance agreements, pledges, remittance of funds via the post office or other banks, etc.).

If payments envisaged by the loan agreement are not made or are delayed and/or not paid in full, the bank might claim a penalty (fine, default interest). The bank’s right to do so is, as a rule, stipulated in the loan agreement.

Before deciding to take out a consumer loan, decide whether you really need it and whether you will be able to pay it off on time, i.e., what sum, considering your budget, you can realistically allocate to make all the loan-related payments.

II. Study carefully all the information about the loan and the repayment terms

In order to decide on whether to take out a consumer loan, you need to obtain, from the bank staff, exhaustive information about the terms on which the loan is granted, including about absolutely all payment associated with taking out the loan and repaying it.

Remember! Your right to receive the requisite, accurate information in time (before concluding the loan agreement) is secured by federal law (article 10 of the law of the Russian Federation «On Consumer Protection» and article 30 of the Federal law «On Banks and Banking»). Such information includes, among other things: the amount of the loan, the repayment schedule, the full cost of the loan in per cent per annum (the full cost of the loan includes your payments on the loan connected with conclusion and fulfilment of the loan agreement, including in favour of third parties, as specified in the loan agreement).

Study the terms of the loan carefully. Take note of any reference to tariffs for provision of services by the bank. As a member of the bank staff for information about these tariffs and study it.

You may be helped in making your decision by studying and comparing proposals from several banks that provide consumer loans.

III. Study the loan agreement and other documents carefully

Do not rush to sign the documents. Before signing a loan agreement, study it thoroughly. If possible, take it home, look more closely at the terms determining what is expected of you (your obligations, responsibility), make sure the loan agreement contains no conditions you are not aware of or that you do not understand.

If any of the loan terms are unclear to you, ask a member of the bank staff for explanations and relevant documents, find out the precise answers to the questions that interest you. If you do not receive the explanation your need, better put off the decision to take out the loan. We also recommend notifying
___________________________________________________________________________________
(enter the name of the Bank of Russia territorial administration)
of this, at:
___________________________________________________________________________________
(enter the address of the Bank of Russia territorial administration).
The information you provide will help improve the quality of the supervision exercised over banks and of their work.

When you submit a loan application to the bank, please note that this application might be considered as an offer on your part to conclude a loan agreement on the terms specified in this application. Acceptance of this application by the bank implies conclusion of a loan agreement without you being notified additionally of this.

After thoroughly studying the loan agreement, consider once more all the pros and cons of taking out the loan, calmly assess your ability to repay the loan and make all associated payments on time.

IV. Signing of the loan agreement is the most critical step

Remember! By signing the loan agreement (application-offer), you are agreeing with all its conditions and assuming the obligation to fulfil them, including to repay the loan on time and make all other associated payments, and that if you fail to do so or do so properly, the bank is entitled to take you to court.

Sign the loan agreement (and other bank documents) only if you are sure that you understand all the conditions, you know precisely what payments you will have to make and when and are convinced that you can do so.