Uzbekistan’s Ipoteka bank has launched an updated Ipoteka Mobile app, allowing clients to apply for microloans of up to 100 million soums online and transfer the funds to cards with no commission.
Microloans in the Ipoteka Mobile app are processed entirely online. Transferring loan proceeds from the credit account to a card carries no fee, and transfers of up to 10 million soums to any card within the app also feature a 0% commission.
Borrowers can enter the “Bank will repay!” promotion, where the bank pays off the principal on winners’ microloans on a weekly basis. The app is available on the App Store and Google Play.
