NOMOS-BANK increases maximal limits and maturity periods on loans to small business

The maximal sum of loan that small entrepreneurs can obtain in NOMOS-BANK under “Long-term” loan is now 75 million Roubles. The maximal limit on “Circulating” loan has been increased from 30 to 45 million Roubles.

NOMOS-BANK has improved the terms and conditions on other credit products for small businesses as well. The maximal maturity period of the loan “For the Purchase of Real Estate” has increased from 5 to 7 years, which allows significantly lowering the debt burden on small business enterprises. It is now possible to obtain a non-collateralised loan in NOMOS-BANK in the amount of up to 1.5 million Roubles (it used to be 0.9 million Roubles) and for a period of up to two years (previously — up to eighteen months). The amount of the loan “For Setting Up Business” has been increased from 5 to 7.5 million Roubles with a longer maturity period of 30 months instead of 24 months.

“The changes in the terms and conditions of the Bank’s credit programmes are due to the vibrant growth in this segment of the economy and its rising demand for borrowed funds”, — points out Oleg Lugovoy, Head of NOMOS-BANK Retail Lending Division.