Loan for individual entrepreneurs at Sovcombank

Lending terms for individual entrepreneurs are favorable. At Sovcombank, they can get a loan for any purpose in the amount from 100 000 to 5 000 000 RUB. You can get a loan for a term of 3, 6, 9, 12, 18, 24, 36, 48, and 60 months.

The interest rate is fixed at 35.9% per annum. But if the individual entrepreneur makes debit transactions on the settlement account opened at the bank in the amount of at least 20% of the credit limit in each reporting period, a rate of 28.9% per annum applies to them.

Early loan repayment is available to everyone without exception. Moreover, individual entrepreneurs can make both partial early payments and pay off the entire amount required to close the loan.

In the second case, you need to notify the bank in advance of your decision to receive a statement with a recalculation of the amount required to close the loan agreement.

Loan repayment occurs in equal installments every month. If the individual entrepreneur misses the monthly payment, the bank charges a penalty. Its amount is 0.05% per annum of the overdue debt amount.

In addition, the lending company transfers information about the incident to the Credit History Bureau, which can worsen the credit history and become the reason for loan refusals in the future.

Sovcombank does not have any strict requirements for individual entrepreneurs. To get approval, the individual entrepreneur must meet the following criteria:

• be a citizen of the Russian Federation;
• have permanent registration in the Russian Federation;
• Be at least 18 and no older than 85 years old by the expected loan repayment date.

In addition, the individual entrepreneur's place of business must be located within the Russian Federation.

The only document required to apply for a business development loan is a Russian citizen passport.

An individual entrepreneur loan can be obtained in the following ways:

• in cash at a bank branch;
• via courier delivery of the Halva installment card with subsequent crediting of funds to it;
• by crediting to an existing Halva installment card.

Monthly payments can be made in the following ways:

• at Sovcombank branches or ATMs using a card for making loan payments;
• via online banking;
• at Russian Post branches;
• at branches and ATMs of other credit institutions.

Short name: PJSC "Sovcombank"

Tax ID (INN): 4401116480

BIC: 043469743

KPP: 440101001

Correspondent account: 30101810300000000743

OGRN: 1144400000425