MTBank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

MTbank lends directly to adults in Belarus on a fixed rate, with no arrangement fee and a rate of 24.99%. It suits borrowers whose income sits in Belarus and who want a plain personal loan without set-up charges, provided the rate is workable at the size of loan being taken.

Key facts

Best for
Belarusian residents wanting a fee-free fixed rate personal loan from a direct lender.
APR
24.99% (Source, checked September 26, 2026)
Loan amount
BYN 500 to BYN 50,000 (Source, checked September 26, 2026)
Term
6 to 60 months (Source, checked September 26, 2026)
Arrangement fee
0 BYN (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Within 2 banking days after signing the loan agreement (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Residents of the Republic of Belarus aged 18 to under 66 at application (under 71 at loan end), registered in Belarus, working or receiving income in Belarus, minimum income 550 BYN (Source, checked September 26, 2026)
Origination fee (%)
0% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
ZAO MTbank (Closed Joint Stock Company MTbank) (Source, checked September 26, 2026)
Headquarters
Belarus (Source, checked September 26, 2026)
Founded
1994 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre, Community (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
mtbank.by

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInyoutube.com

Pros and cons

Pros

  • No arrangement fee on the personal loan, at 0 BYN and 0%
  • Fixed rate lending, so the rate does not drift over the loan's life
  • Free early repayment, so a loan can be cleared sooner without a charge
  • Borrowing of BYN 500 to BYN 50,000 over terms of 6 to 60

Cons

  • Rate of 24.99% sits above the site median of 12% for personal loans
  • Hard credit check, with no soft prequalification listed
  • Loans are limited to residents registered and earning in Belarus
MTBank

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Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Adults registered in Belarus with income earned in Belarus
  • Borrowers who want a fixed rate and no set-up charge
  • Anyone planning to clear the loan early without an exit fee

Who should look elsewhere

  • Borrowers who live outside Belarus, since eligibility is limited to residents registered there
  • Anyone wanting a soft check before applying, as the check is hard
  • Borrowers who need a variable rate or a secured loan

Safety and regulation

MTbank is a direct lender, direct lender, so the contract is with the bank itself rather than a broker or comparison site. It is licensed by the National Bank of the Republic of Belarus in Belarus, licence 13. The lender was founded in 1994 and its legal entity is ZAO MTbank (Closed Joint Stock Company MTbank). The loan is personal and fixed rate, personal and fixed.

How MTBank compares

Where MTBank is available

Available
Belarus
Licence in Belarus
National Bank of the Republic of Belarus (13), checked September 26, 2026

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What rate does MTbank charge on a personal loan?+

The rate is 24.99% on a fixed rate basis, so it holds steady for the life of the loan. Against the wider market, the site median for personal loans is 12%. That places MTbank above the middle, which matters most on larger balances.

Are there arrangement fees on an MTBank personal loan?+

There is no arrangement fee. The fee is listed as 0 BYN and the percentage fee as 0%. Cost therefore comes down to interest on the amount borrowed rather than a set-up charge.

How much can I borrow from MTbank and for how long?+

Borrowing runs from BYN 500 to BYN 50,000 under the personal loan offer, and the term runs 6 to 60. For context, the site median personal loan amount is €876.96 and the median term is 36. Larger balances are where the fixed rate costs most.

Who can apply for an MTbank loan?+

Applicants have to live in the country, keep their registration there and draw their income from work or payments made in Belarus, with a minimum income threshold and age caps at both application and loan end. The decision rests on a hard credit check, hard.

Is MTbank regulated?+

Yes. MTbank is licensed by the National Bank of the Republic of Belarus in Belarus, licence 13. The legal entity is ZAO MTbank (Closed Joint Stock Company MTbank), and it lends directly as a direct lender rather than through a broker.

Can I repay an MTbank loan early without a charge?+

Yes, free early repayment applies on the personal loan. There is no exit fee to clear the balance sooner, and most lenders in this category either charge for it or restrict it. That makes early repayment a realistic option once income improves.

How quickly does MTbank release the money?+

Funding takes Within 2 banking days after signing the loan agreement. The money follows the signing of the loan agreement, so the application and agreement stages set the pace. It is a short window, though not instant disbursement.

How do I get help from MTbank?+

Support runs across email, chat and phone. That covers email, chat, phone, a help centre and a community space, so questions can be raised by phone or in writing. Phone support is the quickest route for anything urgent.

Sources

  • mtbank.by checked September 26, 2026

    Backs: Support channels

  • mtbank.by/about/general checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Lender type, Licences

  • mtbank.by/credits/proshche-prostogo checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Eligibility, Free early repayment, Funding time, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Related by the facts

MTBank

MTBank

Belarusian residents wanting a fee-free fixed rate personal loan from a direct lender.

9.2/10See alternatives

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