Sberbank introduces app-only lending

Source: Sberbank

Sberbank has extended possibilities of online individual lending.

Now, Sberbank Online users can apply for a consumer loan and receive a decision with no need to visit the bank’s office, and then funds will be transferred to their cards.

Managing Director of Sberbank's Borrow and Save Division Sergey Shirokov:

“Sberbank aims at making digital as many services as possible. Today, we present a convenient service to users of Sberbank Online app for Android which allows applying for a consumer loan at any time and in any place with no need to visit the bank’s office. Even now, more than half of the bank’s clients apply for consumer loan online, receiving decision in several minutes. It is especially important on the eve of New Year holidays when the bank’s offices will serve clients at reduced working hours, while Sberbank Online is available 24/7 without weekends.”

Loans that are offered in the mobile app are provided under Sberbank’s New Year campaign at decreased interest rates. The minimum rate on consumer loans that are applied online under the campaign is fixed at 11.9% (for RUB 1 mln amount and for five year period). The campaign will run until 31 January 2019.

The new service is available for Android users, as within several months, and it will be uploaded on iOS within a few months.

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