OREANDA-NEWS. May 05, 2011. Uniastrum’s exclusive lending scheme for small businesses operating on the commercial and residential real estate leasing markets is now available throughout the Bank’s entire coverage area, reported the press-centre of Uniastrum Bank.

Uniastrum’s special credit option gives leasing companies access to funds ranging from Rb 500,000 to Rb 20 mn (or the dollar/euro equivalent), which they can use to acquire property and equipment or make investments. The loan is repayable over a 15-year period. Other benefits include an application process involving minimum paperwork and formalities, and customers can expect to hear the application outcome within just three days. Borrowers submit the bulk of documents required only after initial approval has been given to grant the loan.

The loan arrangement fee is upward of 0.5% of the principal. The credited funds can be collateralized with a guarantee issued by any of the country’s small business assistance funds, which can cover up to 50% of the loan commitment. Also, Uniastrum offers flexible payment options, and customers can choose between fixed installments or an individual payment plan. For more details, visit http://www.uniastrum.ru/sme/crediting/lessors/

Conspicuous advantages of Uniastrum’s Sensible Credit small business lending solutions include competitive rates, generous repayment periods, quick and easy access to funding, no hidden charges, and favorable terms for renegotiating loans with other banks. To apply online and to book a meeting with one of the Bank’s loan advisers, click on www.uniastrum.ru

“Tailoring our products to suit the needs of niche business sectors allows us to offer our clients a higher standard of service, while at the same time retaining the Bank’s competitive edge by way of cut-price credit and extensive payment periods,” says Svetlana Chubakova, Uniastrum Vice President for Small Business Development. “We intend to continue expanding this particular line and before too long plan to put together similar options for food retail companies and firms operating on the passenger transportation market.