Kyrgyz digital bank MBank is offering the MRassrochka installment plan: customers can spread payments for purchases worth up to 200,000 soms over up to 24 months with an extra fee.
The service is available in the MBank mobile app. MRassrochka differs from the bank’s other product, M+, which provides a credit limit without fees for up to 12 months. With MRassrochka, the customer submits a separate application for each purchase, specifying the amount and installment term, before receiving approval and finalizing the purchase.
MBank holds license No. 014 from the NBKR (National Bank of the Kyrgyz Republic).
