Currently, competition between financial institutions is quite high. Many offer favorable interest on loans and deposits. Clients prefer to conclude agreements with prompt banks that have been working in their field for more than one year. This is Baltinvestbank. Reviews about the institution can be heard mostly positive, although there are rumors that the company will soon have its license revoked.
Bank History
The company took the first steps in its development in December 1994. Then an institution called “Baltonexim Bank” was founded. The early years were very difficult for the organization. Almost no one knew about the bank; customers were in no hurry to conclude an agreement with it. Rapid development began after the company received dealer status in the Russian trading system in 1997. In 1998, the first branch was opened in the city of Vyborg.
In 2003, the company was renamed Baltinvestbank. Reviews show that since then the institution has become more recognizable. A large office was opened in the city of St. Petersburg. Every year, more and more branches were opened in various cities. Customers began to trust the company. Today the network consists of 5 large branches and 28 offices. In most cases, these are branches in large cities of Russia. However, management does not plan to stop the development of Baltinvestbank. Soon, the network will spread to small towns.
Rumors around Baltinvestbank
There really are problems in a financial institution. However, with the advent of the economic crisis, almost all organizations of this level encountered difficulties. Since November 2016, it was noticed that the company delays payments to legal entities. Management claims that the problem was resolved as soon as possible. However, the current situation led to the birth of rumors about the bankruptcy of the largest bank in St. Petersburg.
What is really happening with Baltinvestbank? The company license has not been revoked. The institution continues to work in the usual volume. Today, the bank's assets exceed 80 billion rubles. Customers continue to go for deposit and loan agreements. Experts say that at present there is no reason not to trust Baltinvestbank. Remediation will avoid bankruptcy. Absolut Bank, which acted as the main shareholder, helps to get out of a difficult situation.
Car loans
Customer reviews show that a few years ago this area of activity was the main one. Baltinvestbank was especially in demand in St. Petersburg. Almost every adult citizen of Russia could get a car on good terms. In 2016, when financial difficulties began, the company stopped issuing loans for vehicles. In 2017, the service was renewed.
The new lending program has several advantages. Firstly, it is possible to conclude a contract for 7 years, due to which the minimum contribution is significantly reduced. Secondly, you can purchase vehicles in just two documents. This is the passport of a citizen of the Russian Federation and the number of SNILS. In some cases, an institution may require another income statement for the last 6 months. If desired, you can include an insurance premium in the loan amount (CASCO or CTP).
The loan rate depends on the vehicle that is purchased. Reviews show that the highest overpayment will be if the transaction is a used car. The rate is 18.7%. A new vehicle can be purchased at 16% per annum.
Mortgage
Despite financial difficulties, Baltinvestbank continues to issue loans for housing in St. Petersburg. Everyone has the opportunity to purchase housing in a new building under the "Primary Market" program at 10% per annum. To conclude an agreement, you will need a passport, SNILS number, as well as proof of income for the last 6 months. Formal employment is required. The likelihood of issuing a loan will increase if the client can attract solvent co-borrowers. In their role may be the next of kin.
The loan program for secondary housing "Standard" also remains in demand. As an initial contribution, you can use maternity capital or “Certificate of a young family.” A prerequisite is an advance payment of at least 30% of the value of the property. The rate is 11% per annum.
The Commercial Real Estate program is also in demand, which allows you to purchase a building or a piece of land on credit for business development. The conditions for such an agreement are determined individually.
Payment cards
What else is Baltinvestbank offering? Problems are not a reason to stop developing. The institution introduces new products that are convenient and beneficial to customers. What is the virtual card of the Visa payment system. This is a unique opportunity to shop without leaving your home with the highest level of security. The downside is that you can only use such a payment tool in real time (on the Internet). Indeed, many resources offer primarily to pay with bank cards.
The highest level of protection has a Visa Gold card. This is not just an element of prestige. Such a payment tool makes it possible to use many additional services. Cardholders can have a credit line on favorable terms.
Deposits for individuals
Deposit agreements are no less popular at Baltinvestbank. Reviews show that customers continue to make deposits, despite the difficulties encountered. This happens because the financial institution is a member of the individual deposit insurance fund . A product called the "Absolute Champion" is popular. Any adult citizen of Russia can enter into a deal. The contract is executed in national currency. The deal takes 12 months at 8.5% per annum. Early withdrawal or replenishment of the deposit is not provided.
Champion product with a monthly capitalization may be more profitable. The rate under the contract, which is concluded for a year, is 8.25% per annum. Early withdrawal is not possible. But you can
replenish the deposit every month for any amount.
Those who are used to always manage their finances should pay attention to the Mobile contribution. The rate is low - only 5.75% per annum. Along with this, the client gets the opportunity at any time to withdraw money or replenish the account.
Settlement and cash services
Offers many services for private entrepreneurs Baltinvestbank. Reviews show that many clients, when starting their own business, prefer to register a current account here. You can manage both rubles and foreign currency. A lot of good reviews can be heard about the remote banking system. That is, the head of the company can track the movement on his account, while away from the financial institution.
Baltinvestbank, whose reorganization is carried out by Absolut Bank, offers favorable rates for settlement and cash services. You don’t have to pay anything to open an account. But the monthly fee for this service is 2000 rubles.
Additional features
Individual entrepreneurs who have concluded an agreement with a bank for settlement and cash services are offered a number of additional opportunities. Money should always be profitable - Baltinvestbank management is confident in this. Deposits are the best way to earn passive income. Therefore, if the business owner has free funds, they can be entrusted to a financial institution. Deposit conditions for each individual entrepreneur are selected individually. It all depends on the amount of available funds and the period during which the money will be stored in the bank.
On favorable terms, salary projects are also offered . Such opportunities can be used by companies with 10 or more employees. Attracts customers automatic service. Money is credited to employee cards without delay. And cash can be withdrawn at any ATM without a commission.
Reviews on Baltinvestbank
Despite financial difficulties, the institution continues to stay afloat. Confirmation of this - numerous positive customer reviews. Convenient online banking, many profitable products, the availability of information - this cannot but attract. Therefore, it is quite appropriate to assert that soon the situation with Baltinvestbank will fully stabilize.