Honda

Loan disbursement: Bank transfer money to the current account of car dealer.

Loan amount – from 40 000 to 2 600 000 UAH.

Down payment:

• for a private entrepreneur minimum down payment is 20%; 
• for the car valued more than 1 000 000 UAH: for a private individual - 30%.

Type of repayment schedule:

• Monthly, annuity method;
• Monthly, standard method.

Loan and interest repayment: available in any Branch of the Bank.

Pre-term loan repayment: available starting from the very first month after loan disbursement, with no any penalties or fees. 

Loan is pledged by: vehicle being purchased.

Mandatory insurance:

• full CASCO (may be added to the loan principal*), Motor Third Party Liability Insurance, Life and Health Insurance of the Borrower.

Additional expenses:

• commission for operations in the State Register  – UAH 750 one-off;
• CASCO insurance (average tariff from 5,5% of the cost of a car) by a program partner;
• Life and Health Insurance of the Borrower - 1.99% of the loan amount;
• Motor Third Party Liability Insurance by a program partner;
• compulsory state pension insurance fee, one-time – 3-5% (of the cost of the car).

Real annual interest rate: 59,24% per annum (calculated on the basis of the lending period to 36 months interest rate of 0.01%, a standard repayment schedule). The actual value of the real annual interest rate on the loan will depend on the individual conditions of credit (loan amount, term, special conditions for the product, etc.).

A complete list of required documents

* The insurance contract of CASCO may be included in the loan body only for loans for a period of 37 months and down payment of 30%