Simplified procedure on loans for foreign citizens in the largest bank in Russia

The procedure of reviewing applications on loans to foreign citizens included a special requirement of knowledge of the Russian language and the presence of a diploma of education. Now, due to the high number of requests on loans, namely on the receiving credit funds on a real estate, Sberbank has revised these requirements to make procedure easier and canceled them. One of the conditions remains the presence of a salary account in Sberbank, and the rest of the requirements are similar to those requested from Russian citizens (work experience, age).

The banks representatives assume these updates positively, looking forward to significantly increase the client base in this area. Today, such conditions are not presented in all regions – now only in 23.