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Sberbank will Offer Online Lending to Small Businesses
9.03.2018 20:51
Sberbank will Offer Online Lending to Small Businesses

Representatives of small businesses who are Sberbank clients can now take out loans in the Sberbank Business Online internet bank. For those who have only just started to work with the bank, the service can be accessed here:

      Businesspeople can now choose from a number of different lending products and submit electronic applications for them 24/7. Decisions on whether to issue loans are also made remotely. New clients need only to visit the bank to provide identification details. Sberbank has more than two million SME (small and medium-sized enterprise) clients. In 2017 Sberbank provided SMEs with more than RUB 1.3 trillion, a 60% increase compared to 2016. The average annual interest rate for loans fell from 12.7% to 11.2%. Every fifth loan issued to small businesses was used to make investments. The average lending term was 3.5 years.



Author: Anna Dorozhkina


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