OREANDA-NEWS. March 04, 2011. PRAVEX-BANK reduced minimal amount of down payment for individuals lending program as for cars purchase to 25%, reported the press-centre of PRAVEX-BANK.

Currently car loans conditions in PRAVEX-BANK are as follows: interest rate in national currency for "Car loan" program makes up from 17%, lending period— from 1 to 7 years, down payment — 25%, there are no nonrecurring monthly commission as well as additional insurances. PRAVEX-BANK proposes standard and annuity loan repayment schedule for purchase of a car of home and foreign manufacture, also those that were produced in countries of CIS (Commonwealth of Independent Countries).

Moreover, due to increasing problem in our country with availability of forms for certificate of car registration, the Bank has improved procedure for loan execution and possibility of loan receipt with temporary registration coupons for the car was introduced.

Now after reduction of down payment and improvement of procedure for car loans execution, PRAVEX-BANK proposes the best conditions and the lowest interest rate for car loans at Ukrainian banking market.

"Having set new amounts of down payment and having simplified car loans disbursement, PRAVEX-BANK aspires to increase its share at the market and become leader in car loans issue among Ukrainian banks. Reduction of down payment amount will allow to make car loans more accessible and increase lending volume. Besides, in our Bank there are no hidden fees." concluded Taras Kyrychenko, Head of Retail Division of PRAVEX-BANK.

When applying to any branch of PRAVEX-BANK, the clients will be able to learn more about range of proposed services and products select the best options of servicing in the Bank as well as receive complete information on loans granting.