Russia’s Sberbank has become the first in the country to offer loans to small- and medium-sized enterprises (SMEs) completely online. While other banks do offer businesses the chance to begin the application process online, Sberbank goes one step further by not requiring a trip to a branch to complete it. The online system guides businesses in filling out the application, informs what documentation is required to be uploaded and requires an electronic qualified signature. The bank has said the processing for these applications will take between 1 day and 15 days, depending on the size of the loan and the complexity of loan requirements (e.g. collateral registration on larger loans).