LOCKO-Bank improved the terms and interest rates for «FIM Standby» business credit

The terms and conditions of small and medium business financing under «FIM Standby» product granted under the joint program with government support have been improved.

Until the end of 2013 the rates under this credit program will be within 10.1 – 12.25% annual interest range. The interest is to be defined based on the credit amount and term and the fee accrual mode selection — one-off or monthly. Financing is granted for a term of up to 55 months, maximum credit amount is RUR50 million.

«FIM Standby» — is a joint product of LOCKO-Bank and JSC «MSP-Bank», granted to small and medium enterprises to acquire vehicles, special machinery, equipment, estate property and for investment purposes. Acquired vehicles, equipment, property owned by the borrower/business owners/third persons, circulating commodities, sureties by the business owners and related companies may act as security for credit.

You may get detailed information on all terms and conditions of crediting and submit a credit application at the Bank’s web-site, at the sale offices or by making a call at 8-800-250-50-50 (free calls within Russia).