With the aid of Far Eastern Bank, it's a straightforward task to collect a child from school.
In Russia, the cost of school preparation for one child can range from a minimum of 16,200 rubles to as high as 40,000 rubles, according to recent estimates[1][3]. This includes essential items like a backpack, stationery, clothing, and shoes. With such significant expenses, many parents are turning to bank credit options to manage these seasonal spikes in spending.
One such bank offering solutions is the Far Eastern Bank. The institution provides credit products tailored for education-related expenses, enabling parents to finance school preparation costs more flexibly[4].
While the explicit details of the bank’s offerings are not widely available, Russian banks often provide consumer loans or special-purpose loans for education-related expenses, allowing parents to spread payments over time and alleviate upfront financial pressure.
The MIR "120 days" credit card from the Far Eastern Bank offers a grace period and cashback on purchases related to stationery, clothing, and children's goods until the end of summer[2]. Cashback of up to 5% is available for purchases in popular children's categories, and up to 30% with partners of the "MIR" loyalty program for the MIR 'O'Key children's card[2].
The MIR 'O'Key children's card, issued free of charge by the Far Eastern Bank, also helps children learn to manage money responsibly[5]. Parents can add a child's personal bank card to their list of school preparation needs. The card allows parents to set up notifications for all card operations and set limits on spending and cash withdrawals[5].
For parents seeking a more flexible credit solution, the Far Eastern Bank offers a Cash Loan that can be used for any purpose[6]. This loan allows for a reduced monthly payment and total interest using the "Set Your Own Rate" service.
Detailed information on the Far Eastern Bank's credit products, including interest rates, terms, and application procedures, can be found on the dvbank.ru website[4]. It is advisable for parents to assess their financial capabilities and risks before taking a credit from the Far Eastern Bank[7].
For updates on news in the region, parents can follow the Telegram channel PrimaMedia.Primorye[8].
[1] Source: [Link to the source] [2] Source: [Link to the source] [3] Source: [Link to the source] [4] Source: [Link to the source] [5] Source: [Link to the source] [6] Source: [Link to the source] [7] Source: [Link to the source] [8] Source: [Link to the source]
- In light of the expenses associated with school preparation, some parents are exploring personal-finance options like the credit products available from institutions such as the Far Eastern Bank, which offer tailored solutions for education-related expenses.
- The MIR "120 days" credit card from the Far Eastern Bank provides a grace period and cashback on purchases related to stationery, clothing, and children's goods, offering an opportunity for parents to manage their personal-finance needs during seasonal spending spikes.
