Interest rates on soft loans for SMEs fall to 2.5% and 4%

“Thanks to lower rates, government programs will become more attractive to businessmen,” explained Tatyana Ilyushnikova, Deputy Minister of Economic Development of the Russian Federation, in an agency press release.

He also noted that 1764 is considered the most popular government SME loan program. Taking into account the novelties, the maximum rate of the same will become 10.25%.

1764 loans can be obtained from more than 100 Russian banks. Only in it since 2019, when the program was launched, a portfolio of more than 900 billion rubles was formed (this is more than 50 thousand contracts).

Recall that the decree on new soft loans for small and medium-sized enterprises was signed by Prime Minister Mikhail Mishustin on August 17. Then, the rates for medium-sized companies were 3%, and for small and micro-businesses, 4.5%.

Within the framework of the direction, the PSK loan program also operates, the maximum rate has decreased to 10.5%, you can get a loan of 3 million rubles for investment, billing and refinancing loans in 59 banks.

There is also a joint program of the Ministry of Economic Development, the Central Bank of the Russian Federation and the SME Corporation for manufacturing companies and companies in the field of transportation and storage (launched on August 25). A loan of 50 million rubles is available at 2.5 and 4% per annum, you can get it at 48 banks.

“Under the investment loan program, rates have reached a minimum level, such products have never been on the market. This level of rates allows the implementation of investment projects, creating new production plants and jobs”, said Alexander Isaevich, General Director of the SME Corporation.