OREANDA-NEWS. October 26, 2011. PJSC “CREDIT AGRICOLE BANK” jointly with LLC “Hyundai Motor Ukraine”, official importer of HYUNDAI cars in Ukraine, in frames of "HYUNDAI FINANCE" program offers a new loan granting program, borrowed from European countries where it is extremely popular – “Balloon” program, reported the press-centre of CREDIT AGRICOLE. 

The mentioned program provides a number of advantages for clients compared to classic car loans. The main advantages are: considerably smaller amount of monthly payments, possibility to change a car every 3-4 years, simplified approach to borrower financial appraisal etc.

A distinctive feature of this program is the right of the borrower to choose not only the amount of down payment but also the amount of the last payment. Thus the car cost shall comprise of three parts: down payment, main loan and the last payment. After having paid the down payment the borrower repays the loan body. The loan is completely repaid by the last payment on the last day of loan agreement. By this time the borrower may sell the car, do the last payment, receive free funds and use them to make a down payment for a new car.

The program was developed considering the real practice of loan repayment and peculiarities of Ukrainian car market.

During the period from 22.09.2011 till 22.11.2011 a special promo campaign is acting for HYUNDAI cars: interest rate 8% p.a. in UAH for 36 months with the first and last payment - 30% of a car cost.

More detailed information you may find at official HYUNDAI showrooms or in the outlets of CREDIT AGRICOLE.