Car Loan from KredoBank: A New Passenger Car of Any Brand, Starting at 7.99% per Year

KredoBank has resumed car loans for new passenger vehicles and trucks of any brand, weighing up to 7.5 tonnes. These loans offer flexible repayment terms ranging from one to seven years, with interest rates starting at 7.99% per year and a minimum down payment of 20%.

To apply for a car loan, visit a KredoBank branch located in one of the following regions: Vinnytsia, Volyn, Zhytomyr, Zakarpattia, Ivano-Frankivsk, Kyiv (Kyiv City), Kirovohrad, Lviv, Odesa, Poltava, Rivne, Ternopil, Khmelnytskyi, Cherkasy, or Chernivtsi. You must provide a complete package of documents and reside in one of these regions. A list of bank branches is available here.

“We offer favorable terms that make purchasing a new car more accessible. With various interest rate options, loan terms of up to 7 years, and down payments starting at 20%, customers can choose the terms that best match their financial capabilities,” Pavlo Maik, Director of Retail Lending at KredoBank.

Basic Terms of the Car Loan:

• Loan term: 1 to 7 years;
• Fixed interest rate: 7.99% to 13.99%, depending on loan amount and term;
• Loan amount: UAH 100,000 to UAH 2,500,000;
• Loan origination fee: 0.99% of the loan amount (charged once);
• Repayment schedule: Annuity (equal monthly payments);
• Eligible vehicles: New vehicles in categories B (passenger cars up to 3.5 tonnes and 9 seats) and C1 (trucks from 3.5 to 7.5 tonnes);
• Collateral: The vehicle purchased with the loan.

Interest Rates and Terms:

• 12 months – 9.99% (with 20% down payment) or 7.99% (with 50% down payment);
• 24 months – 11.99% (with 20%) or 9.99% (with 50%);
• 36 months – 12.99% (with 20%) or 10.99% (with 50%);
• 48 months – 13.99% (with 20%) or 12.49% (with 50%);
• 60, 72, or 84 months – 13.99% (with 20%) or 12.99% (with 50%).

More detailed terms and conditions are available here.

Car Insurance and Additional Expenses

Vehicle insurance is a key requirement when applying for a loan. Customers must conclude a comprehensive insurance agreement, with an estimated cost of up to 5.49% of the car’s value. Life insurance is not required. Additionally, there are no extra costs for notary services, as notarization of loan agreements is not required.

For questions regarding car loans, please contact the KredoBank Contact Center at 0 800 500 850.

About KredoBank

Founded in 1990 in Lviv, KredoBank is classified by the National Bank of Ukraine as a systemically important bank. It is a member of the PKO Bank Polski Group — Poland’s largest financial institution and one of the leading financial groups in Central and Eastern Europe.

KredoBank offers a full range of services for retail clients as well as small, medium, and large businesses. The bank actively supports business lending through special programs and grants in cooperation with the DFC, EBRD, and European Commission. It also participates in government initiatives to support Ukrainian entrepreneurs.

KredoBank holds a national long-term credit rating of uaAAA with a stable outlook and a short-term credit rating of uaK1, awarded by the “Standard-Rating” and “Expert-Rating” agencies.