The State Savings Bank, taking into account the experience of previous years, has revived the “AvtoBUM” lending program, which allows the purchase of vehicles on secondary market.
The program provides an interest rate from 0.01% per annum (depending on the initial payment and the loan term), a minimum first payment in the amount of 30% of the value of the car, a loan term of up to seven years and a one-time bank commission of 1.5% of the loan amount.
A car purchased on credit must meet the requirements: the mileage does not exceed 150,000 km, and the maximum age at the time of full repayment of the loan is no more than 12 years (for electric cars – up to seven years).
Also a mandatory condition is vehicle insurance under the package “full CASCO” in one of the insurance companies accredited by Oschadbank. At the same time, costs for evaluation and notarization of agreements are not provided for.
“Since the beginning of the year, the volume of car loans issued by Oshcha is UAH 2 billion, which has already helped more than 1,800 customers to purchase a car. Currently, Oshchadbank occupies almost 25% of the car lending market in Ukraine, – noted the director of the department of relations with the bank’s partners, Dmytro Bashtovy.
To get a loan, you need to provide a standard package of documents.
