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OTP Bank: State Contract

Product
Developers: OTP Bank
Date of the premiere of the system: 2021/08/23
Branches: Internet services,  Financial services, investments and auditing

Main article: Lending to business (legal entities) in Russia

2021: Presentation of the Goscontract platform

On August 23, 2021, OTP Bank announced that it had switched to an automated platform for considering applications for a loan from Goscontract since May.

Thanks to the automated platform, the review period was reduced, and the flow of applications increased several times in just 2 months, the bank noted. The loan "State Contract" is suitable for the execution of contracts under 44-FZ, 223-FZ and 615-PP/185-FZ for participants in the state procurement market in the amount of up to 50 million rubles in the form of a loan or credit line.

You can submit an application in any convenient way - through the otpbank.ru website, at the bank branch or through specialized agents in the public procurement market. The review process is completely remote and now takes no more than 2 days.

OTP Bank plans to present the State Contract with updated conditions in the fall of 2021.

Other products provided online, for example, an overdraft worth up to 3 million rubles, are already available to entrepreneurs.