Uniastrum Bank Offers Credit Report Service

Moscow, Russia, April 20, 2012 --(PR.com)-- Effective April 2, 2012 members of the public will be able to obtain information on their credit histories, as collected and collated by NBCH, at 32 Uniastrum banking centers in Moscow and the Moscow region. The service is available to all Russian nationals on submission of a passport or ID and takes only a matter of minutes. It is anticipated that before long this credit report facility will be available at all Bank branches nationwide.

A credit history, or credit report, is information on a borrower which banks pass to credit history bureaus that includes details such as the date on which a loan was issued, the amount involved, the repayment date, and any payments outstanding. A customer’s credit report could prove an important factor underpinning a bank’s decision to issue a loan or not and also determine how much interest is charged. Borrowers with a positive credit history applying for a Uniastrum ruble-denominated Access loan, for example, can expect to pay a minimum rate of just 10.5% APR.

“Figures show that an increasing number of borrowers are keen to study their credit histories,” notes NBCH CEO Alexander Vikulin with reference to the launch of the new collaborative project. “NBCH and its partners are committed to ensuring the easiest possible access to information.”

“For banks, a positive credit history speaks volumes about a borrower’s reliability and his or her financial self-discipline, whereas it gives customers an opportunity to take out a loan on the best available terms and conditions,” explains Vasily Kuznetsov, Deputy Chairman of Uniastrum’s Management Board. “Borrowers familiar with their credit history have a better idea of how a bank is likely to rate them in terms of reliability and their ability to meet payments, which, needless to say, makes for spositive relationships between credit institutions and their clients.”