MDM Bank updates the operating conditions on loans to small businesses

MDM Bank improves credit conditions for small businesses. Loan MDM Express minimum rate now stands at 11% per annum during the term of the loan until 6 months, maximum - 17% per annum during the term of 36 months, regardless of the currency (rubles, dollars, euros). In general, lower rates for the product at different times ranged from 3 to 6 subsections on the interest rate affects a number of factors, such as borrower's credit history, loan term, etc. Also, the commission reduced the size of which now will not exceed 2% of the (at least 7 thousand). For customers who do not have good credit history, extended the credit period from 18 to 24 months. Advantages of the service are the minimum set of documents for the loan, misuse of funds, a quick review of the application, the early repayment - without restrictions and lack of collateral. New credit conditions for businesses are now among the most competitive in the market, - says head of small and medium business of MDM Bank, Alexander Platonov. - Direction of small business lending is a priority at the bank, so we will continue to modify the proposals to meet all business needs of our customers. "