OREANDA-NEWS. April 23, 2010. VAB Bank has restarted its consumer loan programme offering individuals cash to cover their ongoing needs. This programme is targeted at individuals with solid credit history with VAB Bank, reported the press-centre of VAB Bank.

“The offer has been launched as part of the loyalty programme, targeting primarily those clients who have fully retired their previous borrowings from our bank.  At the same time, loans for ongoing needs may also be offered to current borrowers who service their debts either with VAB Bank or with a VAB Express programme.  Their application would have a chance to be favoured if the previous loan were more than 70% retired as of 1 March 2010, and provided such a borrower had been absolutely loyal to the Bank in the accounted contractual period, allowing no payment delays.  Furthermore, a potential borrower must be formally employed,” explains  Mr Anton Shaperenkov, VAB Bank’s retail product management department head.

Primary benefits of this loan programme include easiness and promptness of approval, being the result of minimised requirements to a potential borrower: there would be no third party guarantee or statement of borrower’s income needed. 

“This loan product has become popular instantly.  Within five days of the programme launch the offer attracted response from over 150 customers,” Mr Anton Shaperenkov commented.
Since a preliminary approval for all customers is in place loan application review only takes 15 minutes.  If approved, the client may receive the requested amount of up to UAH 10 thousand for up to 36 months within several hours.  Loan will be wired to the borrower’s Visa Electron card account from where it can be withdrawn at any ATM or any other cash point.  This card could also be used to pay for purchases and services both in Ukraine and overseas.