"OIL Resource Group" and "Sber" have launched an installment purchase service on the raw materials marketplace "ORG-Market."

The raw materials marketplace "ORG-Market," in partnership with "Sber," has integrated the "Business Installment Purchase" service, allowing legal entities to purchase petroleum products and petrochemicals in installments. This option is available to registered users in the personal account on the marketplace website, org-market.com.

Users of the "ORG-Market" marketplace can get up to 3 million rubles on installment terms. The grace period is 30 days, after which the interest rate is 1.5% per month. The bank reviews applications in three minutes.

Applying for an installment plan allows buyers to increase their working capital and reduce costs.

The raw materials marketplace "ORG-Market" offers businesses the opportunity to purchase petroleum products and petrochemicals at producer prices and receive them conveniently—either through self-pickup or delivery. The platform brings together suppliers, buyers, and carriers on one platform.

"The marketplace covers several regions of Central Russia. We are negotiating with vertically integrated oil companies to involve them in our platform, alongside independent companies. By reducing the number of intermediaries, these companies will be able to sell their products at higher prices, while buyers will benefit from lower costs. Additionally, they will have diversified client flows, not just large traders. If negotiations succeed, our geographical reach will expand significantly. The project generates revenue through licensing fees for using the platform and additional modules. Currently, there are more than 60 profitable offers from suppliers on the platform. We are attracting partner banks with financial services, installment plans, and escrow accounts to make things easier for our clients," commented Sergey Tereshkin, CEO of "Oil Resource Group."

Translated using ChatGPT