Loans on Motorcycle

To repay the loan debt, a customer instructs the Bank to establish a regular payment by deducting funds from the credit card in the amount of the payment and at the time specified in the check (to perform contractual deductions). At the same time, a customer undertakes to maintain a balance on the credit card sufficient to carry out such contractual deductions by depositing funds to the credit card account by the date specified in the check.

If it is not possible to implement contractual deductions for the regular payment from the credit card (due to insufficient funds, card blockage, etc.), a customer will settle the outstanding debt separately into an individual account, which is opened for each loan when overdue debt occurs, and it becomes a new source of loan repayment.

A regular payment (principal and interest) that was not deducted on the due date specified in the contract due to insufficient funds at the time of deduction by the Bank is considered overdue starting from the next day.

In case of overdue debt on the loan, a penalty of 15% per annum is charged on the amount of the overdue debt (but not exceeding twice the NBU accounting rate). Penalty is charged for each day of delay.

A penalty is charged in case of late payment during the term of the contract. No penalty is charged after the expiration of the contract term if it is not paid.

In case of the last payment being overdue according to the schedule outlined in the contract, liability is applied in accordance with Article 625 of the Civil Code of Ukraine. The amount of liability is 3% per annum of the overdue principal and overdue interest on the loan.

The bank is prohibited from requiring a customer to purchase any goods or services from the bank or any related or associated entity as a mandatory condition for the provision of these services (except for providing a banking service package)

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A customer has the right to refuse a loan by contacting a trade and service enterprise, either by returning goods or by declining provision of services (if a credit was issued by transferring funds to the account of a legal entity (seller) for goods and/or services purchased by a customer). The return or refusal of services is possible under the terms of a trade and service enterprise (which sells goods or provides services) in accordance with the current legislation in case of refusal from a loan, a customer pays the Bank interest for using a loan and the cost of all services related to servicing and repaying a loan for the period of actual loan usage.

A customer has the right to return an item purchased with a credit fully or partially, on the terms of a trade and service enterprise that sells goods, in accordance with current legislation. In this case, a customer pays the Bank interest for using a loan and the cost of all services related to servicing and repaying a loan for the period of actual loan usage. In case of partial return of goods, a customer has the right to request a revised loan repayment schedule.

A customer has the right, with a bank's contract, to make an early full repayment of a loan with simultaneous payment of all payments that have arisen under a contract as of the date of full repayment. A customer is obliged to notify the Bank of his/her intention to make an early full repayment of a loan by submitting an application through one of the channels: “Privat24” Internet banking; “Payment by parts” mobile app; Bank branch; SST (“Payment by parts” button); by calling the Bank's hotline at phone number 3700.

The Bank has no right to unilaterally make changes to contracts concluded with customers, unless otherwise established by a contract or law.