© Cyril Kuhmar/TASS

MOSCOW, August 1. /TASS/. Sberbank of Russia has lowered rates on consumer loans by 0.2-1.2 percentage points this is stated in the press release of the credit organization.

The maximum decline of 1.2 percentage points – was recorded on consumer credits from 300 thousand to 1 million rubles for the customers who do not receive salary or pension credited to the savings Bank. Now the interest rate on loans to this category of customers is 11.7%, said the press service of the Bank.

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“The proposed conditions are designed to maintain high consumer demand, which we saw during the first half of 2018. For the six months 2018 Sberbank has issued loans in record 714 billion rubles. This is 74% higher than six months of 2017 and higher than in the renditions for the same period of all previous years”, – said the managing Director of division “Borrow and save” Sberbank Sergei Shirokov .

Reduced interest rates will apply from 1 August to 14 October 2018.