OREANDA-NEWS. July 12, 2012. Uniastrum is offering its small business borrowers a discount of up to 1% APR on loan interest rates, valid for one year, if they recommend the Bank to fellow enterprises and/or sole proprietors, reported the press-centre of Uniastrum Bank.      

If a business owner opts to take out proportionate credit on a current client’s recommendation, the Bank will automatically reduce that client’s interest rate by 0.5% APR for a period of one year. Should the client recommend two new SB borrowers taking out proportionate loans, the former will receive a 1% APR discount on his or her interest rate.

A current client recommending more than two new borrowers securing proportionate loans will receive 0.5% of each loan amount issued, beginning with the third new borrower. The current client can consolidate the total of loans issued on his or her recommendation in order to achieve the amount required to receive a discount or bonus.

“Many small businesses become Uniastrum customers following a recommendation from friends or contacts,” notes Svetlana Chubakova, Uniastrum Vice President for Small Business Development. “As a way of saying thank you, we wish to encourage and award our loyal clients with additional discounts and bonuses. After all, it’s a well-known fact that word-of-mouth marketing is one of the most effective advertising tools available.”