1. Loan amount — from USD 7 thousand to USD 50 thousand (or equivalent in the other currencies).
2. Loan currencies — UAH, USD and EUR.
3. Minimum down payment*:
new cars of leading brands- 10%;
new cars of Ukrainian, Russian, Indian or Chinese brands- 25%.
4. Interest rates:
from 20,7% — in UAH;
from 13,8% — in USD or EUR.
5. Fees:
UAH loans — 1,9% of the loan amount;
Loans in foreign currency — 2,6% of the loan amount.
6. Maturities:
new cars of leading brands — from 1 to 7 years;
new cars of Ukrainian, Russian, Indian or Chinese brands- from 1 to 3 years.
7. Security — loans secured against the cars being purchased.
8. Interest payments and loan repayments — monthly (no penalty in case of early repayment).
9. Mandatory vehicle owner’s third-party liability insurance and full CASCO insurance at the borrower’s expense throughout the life of the loan, the borrower’s life insurance or personal accidents insurance.
Clients drawing salaries through Raiffeisen Bank Aval benefit from an interest rate rebate of 0.75% below the standard rate.
A loan is approved based on a review of the borrower’s financial standing, client and credit history, income details and reputation, sufficiency and liquidity of the collateral being pledged to secure repayment.
* A loan financing the purchase of a new car from a leading brand may not require a down payment at all provided that the client meets the bank’s additional conditions. Do not hesitate to contact the nearest bank branch or our Contact Centre for more details.
new cars of leading brands- 10%;