JSCB Ukrsotsbank*s Auto Loans Number on the Rise
OREANDA-NEWS. November 29, 2007. JSCB Ukrsotsbank has granted 28.8 thousand auto loans to individuals as of November 1, 2007, the bank's press service reports. One month ago, the number of the loans made 23.4 thousand. The share of the auto loans in the bank's total loan portfolio makes UAH 1.7 billion.
According to JSCB Ukrsotsbank Individuals Division Head, Valeria Malakhova, foreign cars valued up to 50 000 USD are most popular. Valeria Malakhova also told about conditions of auto crediting in Ukrsotsbank: "If a client pays 25% of the value of the car, the loan rate in our bank will make 12.5% per annum in the national currency and the dollars plus 0.99% one-time fee from the amount of received loan. For those clients, who pay less than 25% of prepayment, the rate is 13% with the above mentioned fee."
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