OTP Bank Romania launches the Rocket Loan for SMEs, with 100% online application

Cristina Blanaru Business, Finances

OTP Bank Romania launches the first platform dedicated to clients that are Small and Medium Enterprises (SME) – Rocket Loan. Entrepreneurs who want to obtain one of the financing products on this platform can do so by applying 100% online.

This innovative process meets the needs of customers, generated by the tendency of digitization and aligned with the organic development strategy of OTP Bank Romania. Thus, entrepreneurs can apply online on the new platform to obtain a diversified range of financing products, both unsecured and guaranteed, with a fast and simplified flow.

The Rocket Loan is intended for SMEs with an annual turnover of up to five million euros. It addresses both existing and new clients of OTP Bank Romania. The maximum amount that can be requested differs depending on the type of product selected and the financial situation of the company. The loan cannot exceed the amount of 300,000 € (or the equivalent in RON of this amount) and can be accessed both for the financing of the current activity and for the financing of investments.

Thus, those who apply online for the Loan Credit will fill in a minimum set of information and upload on the dedicated platform a minimal set of documents: the agreement for questioning at the Credit Bureau, the consultation one for the Credit Risk Center and the last annual balance sheet. Based on the information submitted, in a few seconds, a preliminary answer will be received regarding the request, and the approval of the financing will be made within 24 hours at the most. In addition, for even more comfort, customers have the opportunity to select the branch where they want to sign the credit documentation.

OTP Bank’s strategy focuses on the permanent development of new products, according to the highest quality standards. We rely on an accelerated process digitization to ensure immediate and simplified access to financial resources and on direct customer experience to generate value. Given that SMEs are a priority for us, we want to increase the market share when it comes to them, as they are a very important part of the real economy. The Rocket Loan meets the needs of today’s SMEs. This innovative product demonstrates once again the continuous effort of OTP Bank Romania to constantly adapt to the trends in the ever-changing banking market

Alexandru Gabriel Neagu, 

Director of the SMEs Division of OTP Bank România 

OTP Bank România, subsidiary of OTP Group, is an integrated provider of financial services. With an approach based on responsibility, commitment and professionalism, OTP Bank Romania understands its clients’ needs and the current market context, being a reliable partner in the area of financial services. The bank ranks 9th by assets in the top of Romanian banking players, as of December 2018.

OTP Group celebrates in 2019, 70 years of existence, while the Romanian subsidiary marks 15 years of presence on the local market. By today, OTP Group has grown into a dominant player in the Central-Eastern Europe market and is regarded as a major banking group even on European scale. The community of around 36 thousand OTP staff serves over 18.5 million customers in 10 countries on a daily basis.