Loan for refinancing purposes

Loan refinancing is a convenient means of reducing financial pressure on your budget. Pivdenny Bank offers refinancing (relending) products within the scope of the "Pivdenny’s dream" programme.

Advantages of the loan:

  • reduction of loan servicing costs in other Ukrainian banks;
  • extension of the total pay-out period (this helps to decrease the monthly payment);
  • consolidation of several loans;
  • fixed interest rate;
  • opportunity to obtain a loan without a down payment;
  • option to develop an individual repayment schedule.
Principal terms and conditions
Loan amount

up to 70 % of the market value of the mortgaged property established after the assessment (the minimum and maximum amount - not established)

Loan term

up to 20 years (minimum term - not set)

Interest rate

from 16 to 20% per year, depending on the term and ratio to the market value of the mortgaged property (real interest rate, specific terms and conditions may be reviewed in the Documents module)

One-time fee charged by the Bank

0.5 % of the loan amount

At the client’s request, we grant additional credit for consumer purposes

in cashless form or in cash (according to the loan agreement terms and conditions)

How do I apply for a loan?

Specific features of the loan

This offer is valid within the scope of the “Pivdenny’s dream” lending programme.

Borrower’s age — from 21 years. Maximum borrower’s age on full repayment of the loan – 65 years.

This offer is valid for refinancing loans from other Ukrainian institutions, for personal needs of the borrower not related directly to business activity.

The Borrower has the right to repay the consumer loan in full or in part at any time, including by increasing the amount of periodic payments, without any additional fee associated with early repayment. In the event of early repayment of a consumer loan, the borrower pays the lender interest on the loan and the cost of all services related to servicing and repayment of the loan for the period of actual use of the loan.

The Client has the right to withdraw from a particular Application Service Provision Agreement (if required by applicable legislation of Ukraine) and terminate this Agreement and close accounts on the basis of a written application (except when early closure/refusal/termination of the agreement is prohibited by law), provided that there are no outstanding debts or valid Application-Agreements/Agreements at the Bank, and all PCs have been returned at the request of the Bank, including those issued to the Client's proxies. This Agreement is considered terminated on the day of account closure and full fulfilment of obligations under this Agreement.

The Borrower has the right within 14 (Fourteen) calendar days from the date of conclusion of the Loan Agreement to withdraw from the Loan Agreement for any reason or no reason on the basis of a written application in the manner prescribed by Art. 15 of the Law of Ukraine on Consumer Lending.

The Borrower does not have the right to withdraw from the Loan Agreement if:

  • fulfilment of obligations under the Loan Agreement is ensured by notarized agreements (transactions);
  • at the time of the Borrower's withdrawal from the Loan Agreement, the purchase of works (services) provided for by the Loan Agreement has already taken place.

Necessary documents

  • Ukrainian passport (passport of the borrower and husband/wife);
  • taxpayer ID number (ID number of the borrower and husband/wife);
  • marriage/divorce certificate (if any).
  • documents proving receipt of income (by the borrower and husband/wife);
  • collateral documents.

Details of the terms and conditions of the loan agreement are set forth in the “Documents” section.

How do I repay my loan?

  • Visit a branch

    Select a branch and visit it at your convenience.

  • Pivdenny MyBank

    If you are a Pivdenny MyBank system user, complete the authorisation procedure and order services automatically.


Potential risks for the client in using consumer loans

Concluding and servicing a consumer loan agreement in accordance with a certain lending programme requires the borrower to pay for services of the bank and/or third parties. Read more in the Documents section

Risk of late fulfilment of obligations under the consumer loan agreement in case of poor understanding of the terms/documents before concluding the loan agreement and/or mortgage agreement (pledge, surety).

Risk of scams associated with unauthorised use of client identity documents/data.

In case the borrower violates the terms of the loan agreement, the borrower pays a penalty (fine, penalty).

In cases provided for in the loan agreement and/or mortgage agreement (pledge, surety), the bank is entitled: to demand early repayment of loan payments and compensation for damages inflicted on the bank in breach of obligation, to recover mortgaged housing, property rights to it or other immovable/movable property according to Ukrainian legislation, and in case of insufficient funds received from the sale in the mortgage (pledge) of property, to repay the claim under the consumer loan agreement, the client's personal property may be levied to repay the loan, to apply to court in accordance with the procedure specified in the Ukrainian legislation.

The bank is entitled to transfer information on indebtedness to the credit bureau/Credit Register of the National Bank of Ukraine, including negative credit history, which may be taken into account by the bank when making a decision on granting a loan in the future.

Currency risks: Purchase and sale of currency to fulfil obligations under the loan agreement is carried out at the initiative of the bank only upon contractual debiting of funds from the client’s accounts. When buying and selling foreign currency, the Bank applies the current market exchange rate on the date of buying and selling foreign currency, and the bank fee for buying/selling foreign currency for UAH is charged in accordance with the Pivdenny Bank tariffs. Read more

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