VTB 24 bank cuts loan rates for small businesses

VTB 24 bank is launching the New Opportunities project of investment loans for entrepreneurs and small businesses. The loans for up to 10 years have lowered rates and no fees.  

With the help of this project entrepreneurs will be able to get privileges while getting investment loans for the purposes of property acquisition (vehicles, specialized machinery, equipment, business mortgage program property) and business expansion (repairs, reconstruction, the new business area development). All rates are lowered by 1 percentage point. Clients can make monthly payments or make up individual payment schedule.

“Offering 10 year loans for small businesses, VTB24 takes one more serious step in the entrepreneurship support in the long run. Long-term loans are the key factor of success for the development of investment programs of entrepreneurs and small businesses. It is one of the main sources of business expansion and modernization for production companies and an opportunity for the development of infrastructure and salespoints. Investment loans already make up for more than a half of our loan portfolio. We seek to reinforce this strategic area and provide our clients with favorable loan terms and quality service,” says Nadiya Cherkasova, VTB24 senior vice-president, head of customer service department for the small business.

Information:

VTB24 (full banking license of the Central Bank of the Russian Federation on banking operations No 1623) is the subsidiary of VTB JSC and specializes in personal banking, individual entrepreneurs and small businesses. Registered capital is 50.7  billion rubles.

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• September
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