Sole proprietors who are Sber customers can now take out a smart loan via the SberBusiness mobile app.
Everything from applying for a loan to the crediting of funds will only take a few minutes. A 100% online procedure, it requires no hard copies of documents or going to the bank.
Sber is the only Russian bank offering this kind of a solution, which is already available to some 600,000 Sber customers who are sole proprietors. And we’re set to market this service for limited liability companies in the third quarter of 2021. Previously, you could apply for a loan and get it online only on the SberBusiness website, while now it’s available via the app, which our customers use a lot to manage their businesses. Business people handle ever more issues using their phones these days, and Sber follows this trend by offering them instant, convenient, and secure business development services.
Director of Small and Micro-Sized Business, Sberbank
The smart loan is a Sber product for small and micro-sized businesses with an intelligent model of customer data analysis at the core. Loan parameters are calculated individually, with the lending limit set at RUB10 mn and the term of a loan being up to four years. The money you borrow can be spent on products or services, purchases of vehicles, equipment, real estate, and other business needs.