OREANDA-NEWS. June 08, 2011. In May, 2011 the number of loans on auto purchase issued by Kreditprombank increased in 3.5 times comparing to April of current year, reported the press-centre of Kreditprombank.

This figure clearly demonstrates the increased customers’ demand for this product. In addition, the constant improvement of terms on auto loans influenced significantly on increased volume of auto loans. Thus, Kreditprombank increased the maximal loan size up to UAH 300 thousand and reduced the down payment to 20% of its amount.

At the same time interest rates on loans for the period until 1 year reduced to 9% per annum, for the period until 3 years – to 15%, for the period until 5 years – to 16.8%. The bank also reduced maximally the time for consideration of borrower’s loan application: when applying to the bank with minimal necessary package of documents, the customer has preliminary decision on the parameters of the loan when he fills up an enquiry. 

It should be noted that in May of current year the auto loan program from Kreditprombank entered the top five of the most reliable loans on auto purchase for the period until 1 year with an initial contribution of no more than 30% according to the authoritative issue “Personal Account”.