Consumer credit

Terms of crediting

PRAVEX-BANK offers a series of utterly diverse credit products on "Products and services by installments" programme.

• "Standard" packet
• "Loyal" packet
• "Easy" packet
• "Optimal" packet
• "Economic" packet
• "Economic+" packet
• "Own needs" packet
• "Cash" packet
  
• "Happy family" packet
  

Loan facilities envisage interests of different Customers, including:

• those willing to draw up a consumer credit - by providing a minimum packet of documents;
• those willing to provide complete packet of required documents but at the same time to decrease "cost" of credit;
• those planning to cancel a credit ahead of schedule, etc.

•"Credit + "Instalement-ECONOM card" service

PRAVEX-BANK offers you to use unique "Credit" + money in addition" service.

Every Client that drew up a credit on one of the crediting packet, a unique service - credit card "Instalment-Econom " on which some credit limit will be set automatically, is immediately provided.

Available card amount increases depending on quantity of repayments and payments timeliness according to approximate schedule:

• If you perform the first payment, - available amount is UAH 500;
• If you perform the second payment, - UAH 1 500;
• If you perform the third and more paymens, - UAH 3 000.

You can use set credit limit at your own discretion, - to cash monetary funds in ATMs or pay for purchases in trade networks all over Ukraine 7 days per week, 24 hours per day.

•"Standard" packet

This is the best balanced correlation between interest rate amount and settlement service payment in consumer crediting. This packet is also advantageous for the Customers willing to cancel a credit ahead of schedule. The cost of credit is the lowest in comparison with other credit products, but credit issuance envisages standard packet of documents.

Crediting conditions according to "Standard" packet:

• period of loan: 3-36 months;
• currency of credit: UAH;
• interest rate: 1.67% per month;
• downpayment: 0%;
• credit amount: $100-$5000 (or the equivalent in UAH);
• repayment: monthly by equal installments.

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•"Loyal" packet

Minimum interest rate amounts only to 1% per month. The cost of credit is also relatively low in comparison with other credit products of the Bank. The advantage of this packet is that monthly fee depends on credit amount that is the bigger is product value, the lower is the amount of monthly fee.

It is also to be noticed that this packet contains absolutely new period of crediting - 14 months. The unique character of this credit product is that the cost of credit for crediting period of 14 months does not differ from the cost of credit for crediting period of 12 months but monthly fee on credit is much lower. Therefore, two bonus months are granted additionally for credit use without any fees nor interests, but credit issuance requires standard packet of documents.

Crediting conditions according to "Loyal" packet:

• period of loan: 3-36 months;
• currency of credit: UAH;
• interest rate: 1% per month;
• downpayment: 0%;
• credit amount: $100-$5000 (UAH equivalent);
• repayment: monthly by equal installments.

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•"Easy" and "Optimal" packets

Currently PRAVEX-BANK practices the most loyal requirements towards potential borrowers under "Easy" and "Optimal" packets when consumer credits drawing, as the customer does not have to provide income certificate from his/her place of employment.

Crediting conditions according to "Easy" packet:

• period of loan: 3-36 months;
• currency of credit: UAH;
• interest rate: from 2% per month;
• mandatory downpayment: 0%;
• credit amount: $100-$1200 (UAH equivalent);
• repayment: monthly by equal installments.

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Crediting conditions according to "Optimal" packet:

• period of loan: 3-36 months;
• currency of credit: UAH;
• interest rate: 1,67% per month;
• mandatory downpayment: 0%;
• credit amount: $100-$1200 (UAH equivalent);
• repayment: monthly by equal installments.

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These credit products are almost identical. The main difference is that "Optimal" packet offers lower interest rate than it is the case in "Easy" packet. But at the same time payment for providing consumer credit under "Optimal" packet is somewhat higher.

•"Economic" and "Economic+" packets

PRAVEX-BANK proposes you to use its unique service - "Economic" packet + money in addition".

Every Customer who has drawn up a credit under one of "Economic" class packets, is instantly granted with unique service - "Installment-Economic" credit card with automatically set fixed credit limit.

Sum available on the card is increased subject to redemptions number and payment timeliness according to approximate schedule:

• If you perform first redemption - available sum will amount to UAH 500;
• If you perform second redemption - UAH 1,500;
• If you perform third and further redemptions - UAH 3,000.

Set credit limit can be used at your discretion - you can either get cash in ATMs or pay for goods in trade networks throughout Ukraine 7 by 24.

Crediting conditions under "Economic" packet:

• period of loan: 10 months;
• currency of credit: UAH;
• interest rate: 1% per month;
• downpayment: 0%;
• payment while credit issuance: from 8% to 10%;
• credit amount: $100-$1200 (or UAH equivalent);
• repayment: monthly by equal installments.

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Crediting conditions under "Economic+" packet:

• period of loan: 10 months;
• currency of credit: UAH;
• interest rate: 1% per month;
• downpayment: 0%;
• payment while credit issuance: from 8% to 10%;
• credit amount: $100-$5000 (or UAH equivalent);
• repayment: monthly by equal installments.

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"Economic" and "Economic+" credit products characteristics:

Minimum interest rate which amounts to only 1% per month.

Credits drawing up under indicated credit products envisages partial fee charging for credit granting directly at credit issuance amounting to:

• 8% (if credit is drawn up directly at bank's structural subdivision);
• 10% (if credit is drawn up directly at bank's store-partner).

Provided a portion of fee for credit arrangement is paid directly while credit drawing up, the Client has main advantage in this relation that he/she is granted reduced cost of credit in comparison with other credit products which require no payment charging while credit drawing up.

Currently PRAVEX-BANK also offers two schemes of cash consumer credits under "Products and services by installments" programme:

•"Own needs" packet

is reserved to Clients having used previously "Products and services by installments" programme and consequently having positive credit history, at this credit "cost" for such Clients is reduced.

Crediting conditions under "Economic+" packet:

• period of loan: 6-36 months;
• currency of credit: UAH;
• interest rate: 1.67% per month;
• financing charges while credit issuance: 0%;
• credit amount: $100-$1000 (or UAH equivalent);
• repayment: monthly by equal installments
  

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•"Cash" packet

Under this packet, all Clients have an opportunity to draw up cash consumer credits for their own purposes independently of their credit history availability within the Bank. But interest rate under this packet is higher. Cash credits have an advantage of offering the Borrower the possibility to use granted sum at his/her own discretion and which is the most important - absolutely at any POS. Important information!!! Credits under "Cash" and "Own needs" packets are granted directly at bank's structural subdivisions.

Crediting conditions:

• period of loan: 6-24 months;
• currency of credit: UAH;
• interest rate: 3% per month;
• financing charges while credit issuance: from 2% to 4% (depending on credit period);
• credit amount: $100-$1000 (or UAH equivalent);
• repayment: monthly by equal installments.

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•"Happy family"

This credit product is intended specially for married couples and is characterized by preferential conditions of credit arrangement, i.g. reduced interest rate and payment for settlement service in consumer crediting.

Crediting conditions under "Happy family" packet:

• period of loan: 3-36 months;
• currency of credit: UAH;
• interest rate: 1.25% per month;
• mandatory downpayment: 0%;
• payment while credit issuance: from 3% to 5%;
• credit amount: $100-$5000 (UAH equivalent);
• repayment: monthly by equal installments.

To draw up a credit under indicated credit product, besides standard packet of documents (passport, ID, income certificate) the Client has to provide original marriage certificate.

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