Car loan programs from OTP BANK: any used car can be bought in a day
OTP BANK JSC has studied customer requests and updated its car loan programs to meet their needs as effectively as possible, providing freedom in choosing a car, transparent conditions, and fast financing. This told head of car loans sales unit of the OTP BANK Vitalii Skorobogatyi in new episode of the “Chronicles of the economy” podcast.
«We closely monitor the market and customer requests and constantly adapt our programs. OTP BANK offers targeted loans for used cars on favorable terms: without collateral, without mandatory CASCO and without hidden payments. The buyer can choose a vehicle of any brand, year of manufacture from any seller, and we will provide financing», - said V. Skorobogatyi.
For OTP BANK, a systematic approach to car lending is very important, so the financial institution not only helps the client choose the optimal loan payment schedule, but is also ready to find and offer the best car options if necessary. For this, the Bank has a wide network of partner car parks.
As Vitalii Skorobogatyi noted, OTP BANK's lending conditions are maximally adapted to the dynamic market of used cars. The bank quickly responds to customer requests:
- a convenient bot will help you determine the personal amount of a car loan with mileage in one minute;
- you can independently use the online calculator to roughly calculate the loan terms on the financial institution's website;
- the Bank's specialists will provide detailed advice on all issues related to financial support and select the optimal term and amount of monthly payments;
- you can get a final decision and transfer of funds for the car within one day.
«Buying a used car with financial support from OTP BANK is not only convenient, but also profitable. Our client gets the opportunity to become the owner of a car right now, without burdening his budget. His own funds can be invested in other matters, and it is convenient and stress-free to pay for the vehicle in installments», — added V. Skorobogatyi.
The Bank's client can independently choose from the cars available on the Ukrainian market from any seller, pick up a car on the Ponova by OTP Bank used car credit marketplace or on the platforms of OTP BANK partners and apply for financing. There is also an opportunity to purchase a car on credit under an order from the USA, Europe, and other countries, saving up to 20% of the cost of the car compared to the same one that is already in the country.
To remind, OTP BANK offers from 10,000 to 1,000,000 UAH of credit for used cars, including electric cars. The initial payment is 10% of the cost of the vehicle, the real annual percentage rate is up to 42.66%. There is a fixed interest rate for the entire financing period. The lending term is up to 7 years.
It is also possible to become the owner of a new car from a car dealership. The bank is ready to finance up to 2 million hryvnias.
The motorcycle season is already in its active phase, so OTP BANK has prepared favorable conditions for those interested in buying a motorcycle on credit
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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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