Other

The Total Cost of Credit is an important indicator that allows the Borrower to assess all expenses associated with obtaining and servicing a credit product.

The Total Cost of Credit includes not only the principal amount of debt and interest on the loan, but also various fees and charges that may be collected by the bank. Such charges include:

– Fee for opening and maintaining an account;
– Fee for issuing and servicing the loan;
– Charge for early repayment of the loan;
– Fees for additional services (for example, the Borrower's life insurance).

Calculation of the Total Cost of Credit:

To calculate the Total Cost of Credit, it is necessary to take into account all the fees and charges specified above. The formula for calculating the Total Cost of Credit is as follows:

Total Cost of Credit = i * (1 + i)^n / (1 + i)^n - 1, where i is the annual interest rate, n is the loan term in years.

The Total Cost of Credit does not include:

• Fines, penalties,  liquidated damages for violation of the agreement terms;
• additional services from the bank, for example, SMS notifications;
• mandatory insurance;

If you find an inaccuracy in your credit history held by a credit bureau for loans issued to you by Bank Uralsib, please submit an application at any Bank Uralsib office.

If you have a valid loan agreement with Bank Uralsib, you may also submit an application electronically via the Online banking chat, the Uralsib Online mobile app, or the website.