Yandex Bank will begin issuing consumer loans for up to 1 million rubles

Payments must be made once a month: for this, the borrower will receive a free Pay card, from which the money will be debited. To apply for a loan, you only need a profile in State Services.

A representative of the bank told an RB.RU correspondent that the loans are a pilot project and that the company constantly tests different products based on user opinions. “Now we are talking about a limited offer for a small part of the public,” he emphasized.

The founder of the Platim.ru payment service, Leonid Rumyantsev, claims that the score of almost all banks is reduced to a rating in the credit history bureau with certain concessions. Unlike banks, Yandex’s scoring model is based on a wide variety of collected data. He also suggested that loans are not available to everyone, and Yandex is training its artificial intelligence on the first test sample of customers.

According to Alexey Averin, head of digital channel development at Sinara Bank, the company will integrate lending into its ecosystem. He also did not rule out that consumer loans complement and synergistically strengthen other Yandex services. For example, those who want to make an expensive purchase on credit at the Marketplace will be offered an installment payment plan.

• In September 2021, Yandex bought Akropol Bank for 1.1 billion rubles and renamed it Yandex Bank. Acropolis ranked 330th in the list of the largest banks in Russia by assets – they were estimated at 1.24 billion rubles.
• Subsequently, Yandex Bank decided to provide loans to drivers and couriers. The latter, as self-employed, are often forced to take out loans at very high interest rates from microfinance organizations, because “their income and transactions are not always visible to large banks”, information that is not available in the BKI. , but Yandex will have it, said CEO Tigran Khudaverdyan.