Instabank

neobanks / digital bankslicensed digital banks

FOUNDING YEAR: 2012
LOCATION: Russian Federation
Last Update: 19/01/2021

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About

We don't think like a bank. We think like you. Instabank offers competitive savings, insurance & unsecured loans to consumers in Norway, Finland & Sweden.

MEDICI Analysis

The company provides loans, savings account and insurance services.

Focus

PRODUCTS & SERVICES

The company provides secured Flexible loan, secured Repayment loan, secured Refinancing loan and unsecured consumer loan. Loans can be given for retail, refinancing, vehicle and boat. 1) For Flexible loan age cannot exceed 65 years and for down payment age cannot exceed 75 years. Company charges interest rate from 7.99% to 19.99% per annum. Flexible loan is offered from 5,000 - 500,000 kr. The monthly amount to be repaid is flexible but payment period cannot exceed 5 years. 2) Repayment loan is offered if as per financial position or age it better suits the customer. The loan amount is from 5,000 - 500,000 kr with fixed monthly repayment. Payment can be made in 3 to 5 years. 3) Refinancing loan is also offered with amount from 5,000 - 500,000 kr paid in fixed monthly amount over 3-15 years. When refinancing multiple loans, the repayment time cannot exceed the longest repayment period of existing loans to a maximum of 5 years. 4) An unsecured consumer loan is also provided in range of 5,000 - 500,000 kr with interest rates more than other loans. 5) The company also offers savings account. The customer has no restrictions on the number of withdrawals, and no commitment time. For up to 2 million NOK, 1.9% interest is given; for amounts above 2 and up to 5 million NOK, 1.60% interest is given; and for amounts above 5 million NOK, 0.37% interest is given. There is no commitment time on deposit, no fees, either at withdrawal or use and no minimum deposit requirement. 6) The company also provides insurance services with up to 30% total discount. Insurance is provided for Vehicle, housing, personal, travel, boat and pets. The borrower has to apply online to receive loans and services.The borrower must have reached 23 years and have no payment notes. The gross income must exceed $ 250,000 a year. Total age + repayment time does not exceed 80 years.

REVENUE MODEL

The company earns by charging interest fees on personal loans which ranges from 7.99% to 19.99%, establishment fee $111.45 and termination fee of $4.95. The interest rate on loans for vehicles and boats ranges from 6.99% to 12.99%.

MAIN CLIENTS

Retail customers

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

58

AVERAGE VISITS (6 MONTHS)

46.36

MONTHLY VISITS GROWTH

12.35%

VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

1

PAGE VIEWS VISIT GROWTH

-26.38%

BOUNCE RATE

100%

BOUNCE RATE GROWTH

35.83%

GLOBAL TRAFFIC RANK

25,184,617

MONTHLY RANK CHANGE

-5,348,857

MONTHLY RANK GROWTH

-17.52%

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