Translated with AI from the Russian original.
Yandex Market sellers can now get a loan of up to 50 million rubles for 3 or 6 months. They can be used to expand the assortment for the high season, invest in product promotion, purchase equipment, or enter a new niche.
The available amount depends on the seller's turnover, and the loan terms are fixed at the time of issue for the entire term. To apply for a loan, the seller will not need collateral, reporting, or trips to the bank. The company emphasized:
All you need to do is select the term and the desired amount from the available options in your personal account. After verification of the documents, the funds will be transferred to the seller's current account on the same banking day. Monthly installments will be automatically debited from customer payments.
The credit product is already available to individual entrepreneurs (IE) and limited liability companies (LLC) who have been working on the Market for more than six months under the FBY, FBS, or Express models and have no debts for marketplace services. In the future, sellers of other marketplaces will also be able to receive a loan.
