MIFF - Moscow International Financial Forum MIFF - Moscow International Financial Forum
Российский финансовый рынок 2008
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News

16/01/2008

Moscow Bank offers small business a new loan product

Moscow Bank offers small businesses a special program overdraft credit - «Express overdrafts for small business».


Small business, including individual entrepreneurs, are invited to express in the form of overdraft loans on special terms and parameters of evaluation, focusing on this client segment. In the event that the Bank of a positive decision on the deal, a small company set a limit, in which the Bank enables clients to carry out the payments in the absence or deficiency in his accounts of money.


Amount of credit - from 50 thousand to 3 million, the maximum term of the loan agreement is 12 months, the maximum period of continuous debt - 30 days, interest rates on 11% per annum in rubles. The decision to grant an overdraft Express Bank takes over 1-5 days. The pledge of property - no.

Source: Bank of Moscow

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