OREANDA-NEWS. November 9, 2007.PRAVEX-BANK's investors can, in case of necessity, without means withdrawing from deposit, take money in credit under pledge of their deposit, using "Credit against deposit" service of PRAVEX-BANK.

As of 1 November 2007 total amount of set credit limits on deposit cards within "Credit against deposit" service of PRAVEX-BANK, constituted UAH 5 062 519 (for comparison — at the beginning of the year index constituted UAH 2 007 943, growth — 152%).

We will remind that this service advantage that there is no need to cancel deposit agreement, credit repayment schedule, and also automatic interest's repayment for credit usage at the expense of deposit interests. Client also has opportunity to repay indebtedness and interests on credit, by means of cash and cashless card account replenishment. Credit rate volume for using of set credit limit on deposit cards is determined in accordance with the formula: current rate on deposit + 5%, besides client pays interests only for spent in fact part of credit line.

Credit limit is drawn up on deposit card without bail, under pledge of deposit. In accordance with client's wish while increasing deposit amount, credit limit amount on card also can be increased.

"This service is created for our clients that opened deposit in PRAVEX-BANK, they could at any time in case of necessity use monetary funds without deposit agreement dissolution (without payment of commission for its dissolution) and without interests losses on deposit", — noted Yuriy KHAYEV, head of plastic cards department of PRAVEX-BANK.