OREANDA-NEWS. June 26, 2008. "Finance and Credit" Bank introduces new programs of crediting with payment card usage – "Double two" and "Treble three". The idea of new card products is concluded in creation of new convenient and accessible by its value instrument for no pledge credit funds receipt.

According to the Head of retail crediting department of "Finance and Credit" Bank Sergiy Schevchenko: "These programs provide renewable credit line set at payment card. The advantages of credit receipt are evident – within the set limit of crediting client has a possibility to use repeatedly credit funds, covering only the interest rate added to the sum of credit funds of factual usage". 

Depending on chosen crediting program client has a possibility to get a credit limit at the card for the sum from UAH 10 000 to 12 000. Both credit programs are unsecured, in addition they don't demand extra individual guarantee. The interest rate at credit programs "Double two" and "Treble three" makes up accordingly from 2,2% and 3,3% annual for favourable crediting period (22 and 33 days) and from 22% and 33,3% annual for credit usage upon expiration of favourable period. The maximum term of crediting on the given programs makes up 22 and 33 months and may be prolonged by mutual consent of both sides. The credit line is settled at the card of international payment system Visa and MasterCard of chosen by the client class.

The portfolio of consumer lending of the Bank as of 01.06.2008 is characterized by the following structure: mortgage lending– 58,47%; auto lending – 30,11%; consumer lending – 5,78%; other – 5,64%.