Online loan for sole proprietors in O!Business with no collateral

O!Bank offers online loans for individual entrepreneurs in the O!Business app: a quick and convenient solution for your business development.

Here is why it is cost-efficient:

•Totally online process, no visits to bank needed.
•No security and extra papers required.
•Quick calculation of amount and period, quick approval.

Terms:
•Amount: 5,000 to 200,000 soms.
•Period: 3 to 36 months.
•Interest rate: 22% per annum, EPAR: from 24.42%.

Taking a loan is quite easy:

•Start the O!Business app, select “Loans” → “Invest in business”.
•Specify amount, period and first repayment date – calculation result will be shown automatically.
•Complete the process and wait for approval.

The money will be credited to your account right in the app. Download the O!Business app on App Store or Google Play.

To ensure safety of your money, the “cooling period” applies:

•For amounts of 50,001 to 100,000 soms: money will be credited in 4 hours.
•100,001 or more soms: money will be credited in 12 hours (upon control call).