The Moscow Bank for Reconstruction and Development, not so long ago renamed to such a familiar word for everyone - MTS, positions itself as a young and efficient bank. But is it? After all, MTS Bank, reviews of which can be found on the forums of relevant topics, is rather controversial. Some talk about the excessive greed of leadership and rudeness of employees. Others, on the contrary, praise him. So what is MTS Bank? We won’t touch the reviews yet, because, as they say, everyone has their own truth. Let's try to figure it out for ourselves: let's compare the loan program of MTS-Bank with similar services of other financial organizations.
What can MTS Bank offer its customers?
If you are a private individual and want to get a loan from this bank, first you should carefully familiarize yourself with all the proposed lending programs. You can search on special resources for the topic “MTS Bank: credit reviews” and read the opinions of users, and then, if you have not changed your mind, go to the bank’s official page and get the information you need. So what is available? What types of loans can the bank in question offer, and what are the conditions for obtaining a consumer loan?
Express loan
It is provided for a period of 3 months to 5 years, and its amount varies from 20 to 250 thousand rubles. Very pleased with the short waiting time for a decision on your issue, but interest rates are such that the loan, somehow I do not want to immediately draw up. From 34.9% per annum to 59.9%. The only thing that can comfort the borrower is the possibility of early repayment, which does not depend on the volume and date of repayment.
Ordinary consumer credit
The period for which you can borrow money remains unchanged: from 3 to 60 months. The speed of decision-making by the banking management is changing for the worse - in this case, the waiting period may be delayed up to 3 days. The amount also changes, or rather, the maximum limit of the amount that can be given to you changes. This is logical, since in express loans there is a high risk that the amount of the loan issued will not be repaid, which is why interest rates are so high. The maximum amount of the type of loan under consideration is 1 000 000 rubles. Interest rates have dropped, and now equal to 17.9% -34.9% per annum. There remained the possibility of early repayment with all the amenities arising from it.
Remaining credit programs
And what type of lending can MTS Bank offer for small and medium-sized businesses?
There is a much wider choice of loan programs - from leasing and overdraft to the issuance of a bank guarantee. Comments on this subject are meaningless. Since, according to eyewitnesses, MTS-Bank provides loans for small and medium-sized businesses individually. For this reason, discussing this topic is useless.
MTS Bank: reviews and conclusions
So what happens? And here's what: a small selection of loan programs with fairly high interest rates for individuals and a much more diverse package provided to entrepreneurs. It may be that entrepreneurs should consider in more detail the proposals of MTS Bank, but private individuals can only sympathize. Since with such high interest on loans they will have to tighten their belts thoroughly and try to repay the loan as soon as possible. If you still decide to use the services of this institution, refer to special resources, find the "MTS Bank" section. The addresses of this financial institution will probably be indicated there. Choose the closest branch for yourself and go for information, so to speak, first-hand.