OTP Bank has introduced loans for customs clearance of cars with European registration
OTP Bank offers a loan for customs clearance of cars with European registration for private individuals, which was developed at the request of the All-Ukrainian public organization "Auto Euro Power", which is an initiator and main lobbyist of changes in customs and tax legislation on preferential customs clearance of cars with European registration. This was announced at a joint press conference by Oleh Klymenko, a OTP Bank Board member for Retail Business development.
According to O. Klymenko, the introduction of such a product is aimed primarily at the fulfilment of the requirements of the legislation on customs clearance of used cars with European registration older than 5 years until November 15, this year. This leads to a decrease of unregistered and uncertified cars, and, accordingly, to improvement of traffic quality and safety of all its participants. "Since the grace period for customs clearance of cars is very limited, we want to help their owners to find funds for this as soon as possible in case of their lack or absence," - O. Klymenko said. He also stressed that cooperation with Auto Euro Sila helps to ensure transparent customs clearance conditions, including, cars certification, and protection of the interests of all parties involved in this process. This is achieved, since the organization had developed a reliable and fast process of "turnkey" customs clearance under the law and solving the most difficult clients’ tasks with the help of highly qualified in-house lawyers.
According to the terms of OTP Bank, the program is selected individually for the client within five minutes. The loan amount for car customs clearance can range from UAH 5,000 to UAH 75,000, the loan term equils to 36 or 60 months, the interest rate is 0.01% p.a. during the 1st month and 36% p.a. starting from the 2nd month of the loan agreement in case it is cuncted by July 15, this year. Loan registration fee - 3%, no monthly fee is provided.
The loan is delivered in cash for customs clearance of used cars with European registration, older than 5 years, which were imported into Ukraine by the end of 2020 and will be cleared under the conditions provided by amendments to the Tax and Customs Codes of Ukraine dated 15.04.21 (draft laws № 4643-d, № 4644-d).
For more information on OTP Bank's loans for car customs clearance, follow the link.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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