SOCIETE GENERALE VOSTOK BANK (Moscow) has improved the terms of MBA and education credits. For the education credit, the bank is cutting downpayment from 30% to 10%. The education credit makes it possible to obtain first or second higher education, attend refresher courses or graduate from a business school under the MBA program without leaving Russia. The grace period of the MBA loan was extended from 16 to 24 months. Within that period, the borrower may not pay the principal, making only interest payments. The maximum credit term was extended from 48 to 72 months.
Source: BANKIR.RU, March 14, 2007
