Penza, 10 April 2013. PenzaNews. Loans from Sberbank provide additional opportunities for business development. This opinion was expressed by Penza individual entrepreneur Viktor Davidenko, who used “Express Auto” loan to purchase a vehicle for business purposes.

“I have been a customer of Sberbank since January 2012. The specialists of sales department helped me to obtain the first two “Trust” loans, and in February 2013 I addressed to Sberbank for a loan to purchase a vehicle,” he said.

The entrepreneur explained that he prefers taking loans from Sberbank because it requires a minimum set of documents, and the decision is made in just three days.

According to the manager of Penza branch of OJSC “Sberbank of Russia” Mikhail Kisel, “Express Auto” loan has flexible terms and is very popular among small business representatives.

“Obtaining a loan in the amount of 150 thousand and up to 5 million rubles for a period of 6 to 60 months is possible for legal entities, individual entrepreneurs and individuals – business owners with annual income of up to 60 million rubles. The loan is granted to purchase a vehicle from the manufacturer or an authorized dealer of the brand. The interest rate ranges from 16,75 to 17,5%,” the agency interlocutor specified.

He stressed that no additional collateral on the loan is required, except for a purchased vehicle.

“Also, there are no service fees and early repayment charges. In addition, the entrepreneurs are attracted by the opportunity to make a small down payment starting at 10%,” Mikhail Kisel pointed out.