Kyrgyz digital bank MBank has expanded its MRassrochka installment service, allowing customers to spread payments for purchases of up to 200,000 soms over up to 24 months with minimal markup.
The service is available in the MBank mobile app. MRassrochka differs from another bank product, M+, which provides a credit limit with zero markup for up to 12 months. Under MRassrochka, the customer submits a separate application for each purchase, specifying the amount and installment period, and can complete the purchase once approved.
MBank holds license No. 014 from the NBKR (National Bank of the Kyrgyz Republic).
