OTP BANK strengthens its position in the auto lending segment and expands coverage of the Ukrainian car market
OTP BANK JSC, which offers used-car lending programs, focuses on ensuring maximum transparency in interactions with clients at every stage: fast and clear calculation of the loan amount, a fixed rate, and the absence of hidden payments and fees. This is stated in an opinion column by Vitalii Skorobohatyi, Head of the Auto Lending Development Department at OTP BANK, for The Page.
“OTP BANK, one of the leaders in the auto lending segment, continues to strengthen its position and expand its coverage of the Ukrainian car market, while also taking care of the convenience and speed of customer service. We carefully study customer requests and update our programs to meet needs as effectively as possible, providing freedom in choosing a car, transparent terms, and fast financing,” V. Skorobohatyi noted.
According to him, buying a used car on credit is a rational solution for those who need a vehicle but lack sufficient funds. With the right approach, such a car can become a smart investment, as it is possible to find a model on the market in good technical condition, with a transparent history and at a fair price. OTP BANK provides clients with maximum freedom of choice: the buyer can purchase a car from any seller — either a car dealership and a private individual. If needed, the Bank will assist with the search, as it has a wide network of partners. Clients can also choose between vehicles and electric cars already registered in Ukraine, or arrange a loan for a used car on order from the USA, Europe, or other countries.
Despite common stereotypes, V. Skorobohatyi emphasized, auto lending has long ceased to be a complicated tool. The terms are clearly fixed in the loan agreement, which makes the process predictable and convenient. A large down payment is not always required to obtain financing — at OTP BANK, a loan can be obtained with as little as 10% of the car’s value. In addition, the Bank does not require mandatory CASCO insurance, and there are no restrictions regarding the model, year of manufacture, or mileage of the vehicle.
One of the key advantages of financing at OTP BANK is the speed of decision-making. Thanks to optimized processes, the financial institution is ready to provide a loan for a used car within one day. A bot helps calculate a personalized financing amount in just a few minutes, while the Bank’s specialists can provide more detailed consultation on loan terms and help select the optimal loan term and monthly payment amount.
As a reminder, OTP BANK offers loans ranging from UAH 10,000 to UAH 1,900,000 for used cars. There is a separate financing program for electric vehicles, which provides a reduced interest rate. For those interested in purchasing a commercial vehicle or equipment, or buying a motorcycle on credit, there are also relevant offers available.
Share these news with friends!
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.
Additional information
