Loan disbursement: Bank transfer money to the current account of car dealer.
Loan amount – from 40 000 to 2 600 000 UAH.
- for a private entrepreneur minimum down payment is 20%;
- for the car valued more than 1 000 000 UAH: for a private individual - 30%, for a private entrepreneur -35%.
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, Motor Third Party Liability Insurance, Life and Health Insurance of the Borrower.
- Entry of a record to the State Register of Movable Properties Encumbrance – UAH 100 one-off;
- Obtaining of information from the State Register of Titles to Immovable Property – UAH 199 per person;
- Provision of extract of the State Register of Movable Properties Encumbrance – UAH 100 (on the date of issue);
- CASCO insurance 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;
- Notarization of the agreement: according to the tariffs of the notary of Customer’s region;
- Current account opening – UAH 80.
Real annual interest rate: from 2.46% per annum (calculated on the basis of the lending period to 24 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
1. For a private entrepreneurs minimum down payment is 20%. For the cars the value of which exceeds 1 000 000 UAH minimum down payment is 30% - for private individuals, and 35% - for private enrepreneurs.