OREANDA-NEWS. Sberbank has launched the Loan Constructor online service, which allows corporate clients to structure their own loan product with the necessary parameters using pre-approved offers from the bank.

The service is available in the Sberbank Business Online internet bank. The online constructor creates loans in three steps. The first step is choosing a lending product and its parameters under conditions that have already been approved by the bank: the size of the loan, payback term, payment schedule, conditions of signing the loan agreement, etc. The second step is having the conditions approved. Users can review all the information about the rate, covenants, collateral, additional fees and commissions at this stage. The third step is submitting an electronic application.

“Loan Constructor is a new approach to lending,” said Director of Sberbank’s Lending Products and Processes Division Sergei Bessonov. “Users do not have to waste time looking for an offer that suits them or selecting conditions and drafting papers. They only have to choose the parameters of the loan product (the rate is calculated dynamically) and submit the automatically drafted application to the bank for review. The service has a simple and clear interface with a minimum amount of lines to fill in, and features hints for users.”

The implementation of this service is yet another step towards making the lending process for corporate clients fully automated. This will help considerably simplify interaction between the bank and its clients and make interaction as convenient as possible for both parties.