Cash loan for a used car

The bank informs the borrower that:

• within 14 days from the day of concluding the contract, the borrower has the right to withdraw from the loan agreement without explaining the reasons, in particular, in the event he/she receives some cash funds. The borrower should inform the bank about their intention to withdraw from the loan agreement in written form, and within 7 calendar days from the date of sending written message they are obliged to return the money received under the loan agreement to the bank and pay the interest for the period starting from the day of receiving money up to the day of returning it at the rate fixed by the loan agreement;
• after the termination of the banking service agreement inclusively due to its expiration, cancellation, or fulfillment, the borrower has the right to contact the bank with a request for information (statement) that refers to the parties fulfilling their obligations under the agreement, including the information (statement) about the absence of debt and the fulfillment of the obligations in full by the borrower under the agreement that the bank provides in paper form or in a form of an electronic document (at the customer’s choice) within 5 business days from the day of the bank receiving such request;
• within the term of the loan agreement, early termination of the loan agreement on the borrower’s initiative is possible exclusively by early repayment of the loan and all payments stipulated in the agreement in full. In doing so, to make the last payment and the full early repayment, the borrower must contact the bank’s outlet;
• in case the borrower does not fulfill their obligations under the loan agreement, in the instances stipulated in the loan agreement, the bank has the right to demand an early repayment of the loan from the borrower (full early repayment of the debt) and compensation for damages caused by the non-fulfillment of the obligation;
• for late payment of the loan, the interest on the amount of the overdue payment is subject to a penalty of a double of the NBU key policy rate (no more than 15% of the amount of the overdue payment);
• the non-fulfillment of the following obligations by the borrower under the loan agreement: failure to provide a complete package of documents and/or to conclude the necessary agreements required to grant the loan; failure to fulfill the provisions of the loan agreement concluded with the bank; taking a loan in another financial institution, providing a surety, collateralizing/ mortgaging property without the prior written approval from the bank; failure to notify the bank about the change in personal data that can impact the fulfillment of the obligations under the loan agreement; failure to provide the bank with information about property and income in the manner and terms stipulated in the loan agreement; refusal to repay the loan early in instances stipulated in the loan agreement – such violation is punishable by a fine, 1% from the amount of the provided loan for each instance;
• for failure to provide the Bank with confirmation of the intended use of the loan (if the intended use is the purchase of a used car) within 30 (thirty) calendar days from the date of conclusion of the loan agreement, the borrower is obliged to pay the bank a fine in the amount of 5% of the amount of the loan issued;
• the bank has no right to unilaterally make changes to the agreements concluded with the customers (except for the public part of the agreement);
• the borrower has an opportunity to refuse the advertising materials provided through the remote communication channels;
• the bank cannot demand that the customer purchase any goods or services from the bank or related parties as a mandatory condition for providing these services (except for providing the package of banking services).