OTP Bank

2016-08-20 00:00:00

Our digital currency exchanger continues to talk about large financial organizations in the Russian Federation. The financial organization OTP Bank began its work in the mid-90s. Initially, the company was called Investsberbank, and since 2008 it has become known as OTP Bank.

Significant in the life of the organization was the year 2006, when the company entered the developed financial network operating in the territory of European countries - the Group of Banking Organizations OTP (OTP Group). This step opened up new opportunities for the company. Now its employees could learn from the experience in providing banking services from the European parent company. The merger with a European corporation enabled the bank to develop in the direction of corporate and retail business.

The position of OTP Bank is strengthening, its income is growing steadily. For 2016, the size of the authorized capital of the enterprise is more than 25 billion rubles. The organization's assets are worth almost 118 billion rubles. Private citizens entrusted the company with 56 billion rubles. OTP issued a loan of about 88 billion rubles.

The company can offer its users new programs and modern services. The services of the organization are used by both individuals and legal entities.

The company is considered one of the largest financial institutions operating in the Russian Federation. For some products, the company occupies a leading position, for example, in the field of POS lending, the bank is in the second step of the rating, and in the production of credit cards - in the sixth.

OTP actively participates in the state deposit insurance program. The company is a member of the Association of Banks of the Russian Federation, as well as the European Business Association. The organization is a member of the National Stock Association and the Moscow Exchange.

The geographical expansion of OTP Bank spread throughout the Russian Federation. Branches of the company can be found in almost 4 thousand cities and towns. In total, there are more than 28,000 points where you can get consumer loans, 108 credit and cash type offices, 134 branches for providing services related to payments, 212 ATMs and 275 payment terminals.

 

OTPdirect

OTP Bank offers remote banking services. With online services, you can:

• make payments;
• pay off credit debt;
• make money transfers.

All this can be done directly from your home computer by registering in the OTPdirect system. Here you can also:

• get information on cards and accounts;
• find out the payment schedule for loans;
• calculate income from interest on deposits;
• set up payments automatically;
• create templates and more.

The service is available 24 hours a day, 7 days a week. Financial transactions can be carried out from any region of the planet.

Automatic (regular) payments are very popular among bank customers. They are especially in demand when paying for utilities, mobile and Internet communications, paying off debts on loans, etc. By setting up regular payments, the user will not worry about the timeliness of payment: funds are transferred to the account of service providers at a strictly appointed time.

Templates and automatic mode will save time: the payment form is filled out only once, subsequent operations do not require the provision of details.

 

Lending products

Cash on credit

OTP Bank clients can apply for any type of loan: car loan, cash loan, mortgage. By taking a cash loan, you can pay for tuition or medical services, purchase new furniture, make repairs in the apartment, and so on. This is a purposeless loan, so the Bank does not control the expenditure of funds. This type of loan is very convenient, because, having issued it, the client receives “live” money in his hands.

An experienced specialist (loan manager) will help you choose the best loan conditions. In OTP, you can get a loan in the amount of up to 750 thousand rubles at interest rates up to 15.9%. It will take no more than 15 minutes to process a loan.

The loan amount, interest rate, and debt repayment schedule are calculated individually for each borrower. The company does not require payment of a commission fee for withdrawing credit funds. There are also no commissions or penalties for early repayment of debts.

You can apply for a loan at any branch of the bank or online on the OTP direct server.

Favorable conditions for the elderly

OTP Bank offers a loan for pensioners on preferential terms:

• reduced interest rates;
• no collateral required;
• minimum package of documents (civil passport and pensioner's certificate);
• the loan is issued in cash.

You can apply for a loan both at a bank branch and in virtual mode through remote service services. A personal manager will help you to apply for a loan.

Making a store loan

Thanks to loans, you can buy a wide variety of things: mobile phones, household appliances, furniture, clothes, etc. There is no need to go to a bank branch to apply for a loan. This procedure can be carried out directly in the store (OTP Bank is in partnership with the Euroset, Svyaznoy mobile communication stores, with the Tekhnosila, Lot of Furniture stores, with the Elena Furs fur factory, etc.).

This offer is used by about one and a half million people every year. This product allows you to purchase goods in the amount of 2 thousand to 300 thousand rubles. To apply for a loan, you do not need special documents (you only need a passport of the Russian Federation).

You can also get a "Cash in 15 minutes" debit card at a partner store. With it, you can make purchases in different outlets.

Conditions for a bank loan

1. Loans are issued to Russian citizens aged 21 to 69 years.
2. You can apply for a loan at a bank branch located in the city or village where the client is registered.

 

Bank cards

OTP Bank issues its own plastic payment documents. You can apply for debit and credit cards here. The organization cooperates with the world-famous MasterCard payment system. A wide range of products and favorable conditions will satisfy even the most fastidious customers.

OTP Bank cards open up almost unlimited possibilities.

1. Cardholders have access to credit funds without interest accrual within 55 days from the date of the debit transaction.
2. The credit card can be used to make electronic payments on the Internet.
3. The amount on the card account can reach 1.5 million rubles.
4. The cards are synchronized with remote services, so the client can find out the balance at any time, view the history of transactions, and more. Control over financial transactions can also be carried out through the SMS service.
5. The Bank guarantees the security of the funds stored on the card account. The owner can block the payment document in case of loss. To do this, you need to contact the customer support service of OTP Bank (addresses and phones are listed on the official website of the organization).
6. Cards are accepted all over the world: you can withdraw cash or pay for purchases and services in any country.

 

Deposits from OTP Bank

The company offers favorable conditions for deposits. A variety of products will allow you to choose the best solution for each person. High interest rates can be a source of stable additional income.

Savings accounts. The deposit can be issued in dollars, euros or rubles. The term of the contract is not limited. Interest rate - 7% per annum. This product implies debit-receive operations (you can replenish or withdraw money from the account). Interest is transferred to a special account monthly.

Stable income. This deposit provides the highest possible interest - 9.75% per annum. The available amount of credit funds is up to 1 million 500 thousand rubles. You can replenish your account through bank branches, self-service terminals or remote services. Expenditure operations are not possible. The client can terminate the contract at any time without penalties and commission fees. Interest is capitalized, regularly increasing the deposit amount. Having opened an account, the client receives a MasterCard card as a gift.

Pension contribution. The interest rate for this product will be 8.65% per annum. The account can be opened by people who have reached retirement age. The deposit provides for replenishment from 1 thousand rubles. Interest can be paid monthly or capitalised. Early termination of the contract is possible. The deposit is made in both foreign and domestic currencies.

Flexible. The interest rate is 7.93% per annum. The investor can carry out operations on the receipt and expenditure of funds. At the discretion of the client, interest can be transferred every month to a separate account or capitalized. An account is issued in three types of currencies: euros, dollars, rubles.

Maximum. This deposit assumes interest rates of 8.7% per annum. Its validity can vary from 3 months to 1 year. Replenishment and withdrawal of funds from the account are not provided.

 

Making money transfers

OTP Bank provides services related to money transfers to anywhere in the world. You can send funds through the Golden Crown and Western Union systems. Transfers are made in all branches of the bank in foreign and Russian currencies. When receiving money, the addressee does not pay a commission fee.

To transfer funds to other countries, it is better to use the Western Union system. Financial transactions are made instantly. In this system, unaddressed transfers are practiced. The sender indicates only the country and full name of the recipient. The recipient will be able to pick up the money in any locality of the specified state.

"Golden Crown" is convenient for transfers made on the territory of the Russian Federation or to countries bordering Russia.