OREANDA-NEWS. March 17, 2008. Within the scope of the Programme for crediting small business, from March 2008, the Bank of Moscow is providing individual entrepreneurs with a special credit product — "Express-Credit".

The advantages of the given credit product are: a simplified method for assessing the creditworthiness of the individual entrepreneur, rapid decision-making and no mandatory requirement for pledge of property.

The amount of the credit extended is from 70 thousand to 1 million roubles (or the equivalent in US dollars of Euros), the maximum term is 60 months and the interest rate from 12.5% per annum. The Bank of Moscow adopts a decision on granting "Express-Credit" within 1—3 business days.

"Since the beginning of 2008, this is already the second crediting programme for small business enterprises implemented by the Bank of Moscow", — says the Managing Director of the Small and Medium Business Department of the Bank of Moscow Maxim Shindyapkin. "In developing new offers for small business, we proceed from the fact that each segment of this market needs its own specific product. We are prepare to ensure an individual approach to each category of customers — be they medium-size companies, small enterprises or even individual entrepreneurs."