OREANDA-NEWS.  January 21, 2013. PRAVEX-BANK offers the customers a car loan — PRAVEX Drive Plus, thanks to favorable conditions according to which the borrower can get a car loan, which average payment will be UAH 65 per day, reported the press-centre of PRAVEX-BANK.

This product is innovative at the Ukrainian market of car loans and consists of four options, allowing the customers to choose the most favorable conditions particularly him/her: the maturity, the ability to execute a car loan both without and with collateral. Also, according to the terms of this product, the customer is not required to draw up hull insurance and annual car insurance. But upon the wish, the client can execute the hull insurance.

The car loan program from Pravex-Bank is the best quality-to-price ratio: the minimum amount of car loan from UAH 30 thou. up to UAH 200 thou, the maturity — from 6 months to 5 years. The loan is issued to purchase the cars manufactured in Europe, Japan, USA, South Korea, Ukraine, Russia, and China.

"This product stipulates that the down payment is from 40%, so the customers who make such down payment — they are reliable borrowers, so there is no need to conclude the collateral agreement with such clients. For clients, it can provide the saving on notary fees and it gives the opportunity to sell their car and buy a new one. The average interest rate for this product is 25% per annum" as summarized Semion Babayev, Head of Retail Department of Pravex-Bank.