Access to the service will be opened gradually for platform sellers
The team of the largest Russian online trading platform Wildberries announced the launch of an online lending service for sellers. As the press service said, the loan issuance process will take place entirely online. Sellers will be able to submit an application from their personal account on the platform and receive funds within 1 day.
The loan service from Wildberries takes into account the peculiarities of doing business on marketplaces to accurately assess the reliability of borrowers. Loan terms are as follows:
- Loan amount: from 100,000 to 20 million rubles.
- Term: from 3 to 12 months.
- Interest rate: from 1.5% per month, calculated individually based on scoring results.
- One-time commission for issuance: from 0 to 2% depending on the scoring results.
- Deposit: no required.
Sergey Savin, head of credit products in the fintech direction of Wildberries, said:
Sellers use lending to scale their business. According to a study that we prepared jointly with the NAFI analytical center, the need for lending from marketplace sellers is 1.5 times higher than the current volume of loans. To make lending accessible to sellers, we have developed our own fintech service, which will allow us to process loan applications quickly and completely online.