Loan details
Age
from 21 to 65 years
Official income
from UAH 20,000 monthly
Borrower
Individual resident
Loan purpose
Purchase of new cars
Purchase of used cars
Refinancing existing debt from another bank for the same purpose
Refinancing expenses related to car purchase
Loan amount
UAH 100,000 ‒ 3,000,000
Loan term
From 12 to 60 months
Interest rate
For new cars — 23% annually
For used cars — 23% annually
Fixed for 12 months
Variable interest rate reviewed every 12 months based on the UIRD index
Fees
One-time disbursement fee — 1%
One-time fee for collecting and verifying information in the relevant registers and bureaus — UAH 1000
Additional expenses for obtaining a loan
Comprehensive car insurance (CASCO) — 3.5% of the car value
Used car appraisal — UAH 2500
New car appraisal — UAH 0
Initial payment
Not required
Repayment type
Annuity or classical
Collateral
Movable, immovable property
Possible without collateral, if loan amount up to UAH 650,000
Insurance
Collateral object (if available)
Loan disbursement form
Disbursement to the current account of an individual in UAH with control of targeted use
Additional conditions
Transfer of the borrower’s and guarantor’s (if any) income to accounts opened with ProCredit Bank
Passport document and TIN (Taxpayer Identification Number)
Income verification documents — reviewed individually by the credit manager
Client’s consent for credit history check via the Credit Bureau
Loan application
Loan cost estimate
Agreements and key terms
Essential Characteristics of the Consumer Loan “Car Loan” Secured by Mortgage
Essential Characteristics of the Consumer Loan “Car Loan” (Without Collateral)
Essential characteristics of the consumer loan “Car Loan” (secured by movable property)
Notifying the consumer of the potential repercussions should they choose to use the banking service or his failure to carry out the duties outlined in the agreement for the supply of this banking service.
The bank may demand early repayment of a loan in the following cases:
- delay in repayment settlement of financial obligations under the loan contract by more than one calendar month.
- material violation of the terms and conditions of the loan contract by the client.
- submission of false or incomplete information to the bank by the client before or after the loan is granted.
The client may repay a loan early (either in full or in part) by submitting a statement of early repayment in the form prescribed by the bank, before the scheduled date of repayment.
If the client fails to repay a loan and pay the interest thereon when due, the bank accrues the late penalty in an amount equal to double the refinancing rate of the National Bank of Ukraine in effect during the period in which the late penalty is paid, on the past due amount.
Should the Client fail to comply with the requirements concerning collateral insurance, submission of documents evidencing income, or the designated use of loan proceeds, the Bank shall have the right to impose a penalty of up to five percent (5%) of the disbursed loan amount, applied once for each instance of non-compliance identified.
If the loan is past due, the client pays the interest on the loan/a part thereof following the due date of the loan/a part thereof in an amount equal to the interest on the loan determined in accordance with the loan contract, for each calendar day of delay, which is calculated on the actual/360 basis of the balance of the loan that is due, from the date of incurring of the debt until complete repayment thereof.
The bank may furnish information on the client’s debt to the credit bureau/credit register of the National Bank of Ukraine, including information on the client’s negative credit history, which may be considered by the bank when it takes a decision on the loan in the future.
The bank may not require the client to purchase any goods or services from the bank or from a related or affiliated person as a pre-condition for receiving a loan.
The bank may not make amendments to contracts concluded with the clients unilaterally unless otherwise provided for by the contract or laws of Ukraine.
The client may opt to refuse to receive promotional materials via the remote communication channels via this link.
Following the termination of the agreement on the provision of banking services, including in connection with the expiration, termination or execution of the agreement, the client has the right to contact the bank with a request for information (certificate) regarding the fulfillment by the parties of their obligations established by the agreement, including information on the absence of debt and complete fulfillment of the client's obligations under the contract, which the bank provides in the form of a paper or electronic document (in accordance with the client's preferences) within five working days from the day the bank receives the request.
Loan application process
Application review
- Submit an application with your preferred loan parameters
- Complete the credit history check procedure and collect the required documents
- Wait for approval of your loan application
Loan disbursement
- Make sure you have an open account or submit an application to open one
- Sign the required agreements to receive the loan into your current account
- Confirm the intended use of the funds
Useful materials
No, the Bank issues only purpose-specific loans.
No, this option is not available.
• The annuity repayment scheme involves equal monthly payments throughout the loan term. At the beginning of the term, a larger portion of the payment goes towards interest, while a smaller portion repays the principal. Towards the end of the term, this proportion reverses.
• The classic repayment scheme provides for a gradual decrease in the monthly payment amount. The principal is repaid in equal instalments throughout the entire loan term, while interest is calculated on the outstanding balance, resulting in lower interest payments each month.
UIRD (Ukrainian Index of Retail Deposit Rates) is a Ukrainian index of retail deposit rates calculated based on deposit rates offered by leading Ukrainian banks. You can forecast the interest rate by monitoring UIRD dynamics, analysing the NBU’s decisions on the key policy rate and considering macroeconomic indicators such as inflation. However, making an accurate forecast is difficult due to the influence of various economic factors.
Yes, unless otherwise specified in the purchase/sale agreement. However, the Bank recommends making payments via cashless transfer. Please also consider the applicable fees under your service plan and the NBU’s current restrictions.