The instant loan is rated by credit comparison websites as among the most favourable

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Strong start to the new year: Sberbank Direct reaches EUR 200 million in loan volume

Sberbank Direct achieved a total loan volume of EUR 200 million at the beginning of 2020. The instant loan, which was launched in Germany in 2018, is rated by credit comparison websites as among the most favourable. Its simplicity and quick processing also make it very appealing. Application, identification and document upload can be done online easily  with a loan decision made within minutes, and money transferred to the client’s account within 24 hours.

“In order to be successful in such a highly competitive market like Germany, which has more than 25 direct loan offers from almost all major European banks, the products have to be attractive. They should respond directly to people's needs, be simple and also transparent. We have succeeded in creating such a product with the Sberbank Direct instant loan, which now has a longer repayment term of up to 10 years and a higher maximum loan amount of EUR 60,000.00. This success spurs us on to continuously improve our existing offers and to further expand our product range in Germany in the future,” says Sonja Sarközi, CEO of Sberbank Europe.

About Sberbank Direct

In 2014, Sberbank Europe entered the Retail banking in Germany. Sberbank Direct, the German branch of Sberbank Europe located in Frankfurt, established itself as a successful direct bank with its attractive savings products in a competitive and dynamic market. As a direct bank, Sberbank Direct focuses on online sales channels, and in addition to call money and fixed-term deposit products with attractive interest rates, has also offered instant loans since 2018. Sberbank Direct meets the highest requirements in terms of data security and data protection and is among the pioneers in the implementation of video identification, which enables customers to quickly, safely and conveniently verify their identity during the application process. You can learn more about the current offer from Sberbank Direct at: www.sberbankdirect.de

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