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;
  • opportunity to obtain a loan without a down payment;
  • option to develop an individual repayment schedule.
Principal terms and conditions
Loan amount

up to 50 % of the market value of the mortgaged property established after the assessment (the minimum and maximum amount - not established)

Loan term

up to 7 years (minimum term - not set)

Interest rate

variable 11 % or 13% per year 1st year, depending on the borrower's category and ratio to the market value of the mortgaged property from 2nd year - UIRD12M(UAH) + 5% (real interest rate, specific terms and conditions may be reviewed in the Documents module)

One-time fee charged by the Bank

1 % 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)

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.

Interest rate

Variable:

  • first year

Clients who receive income from the Bank and belong to the following categories:

Employee, Sailor, Premium

Other individuals
11 12,5
  • from the second year

UIRD12M(UAH) + 5%, where

UIRD12M(UAH) - Ukrainian index of retail deposits of individuals in the national currency.

Індекс UIRD12M – Ukrainian index of retail deposits of individuals (Ukrainian Index of Retail Deposit Rates, abbreviated – UIRD) – indicative rate calculated in the system Thomson Reuters and a methodology developed jointly with the National Bank of Ukraine, based on nominal rates of the retail deposit market for a period of 12 months in the loan currency on the date of the rate revision, where:

Bid Review Date = Bid ​​Change Date - 20 calendar days.

Data on the value of the UIRD index are publicly available on the Internet on the official website of the National Bank of Ukraine https://bank.gov.ua

11/01/2023 the rate UIRD12m(UAH) was 14.43%.

The minimum rate can be 5% per year, the maximum - 30% per year.

Necessary documents

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

IMPORTANT! Mortgages will be granted exclusively for residential properties for which there are no registered residents. Upon applying for a mortgage, please inform the bank of any individuals still registered as residing at the property as well as any need to de-register such individuals in order to be eligible to receive a mortgage.

Upon acceptance of your application by the bank's collegial body, when signing the mortgage agreement, the respective borrower must provide a certificate attesting to the absence of any registered individuals as well as a certificate of registration of underage and minor owners (where applicable) of the residential property with a parent (guardian) at an address other than that of the mortgaged property.

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

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

The bank is not allowed to require customers to purchase any goods or services from the bank or its affiliates or partners as a mandatory condition for the provision of these services (except for the banking package).

The bank has no right to unilaterally make changes to agreements concluded with customers, unless otherwise provided by the agreement or the law.

You may refuse to receive promotional materials by calling the Customer Support Centre (free of charge in Ukraine) at 0 800 30 70 30.

Potential risks for the client in case of failure to fulfill obligations under the Loan Agreement regarding consumer lending

The amount of a penalty charged by the Bank may not exceed half of the amount received by the Borrower under the Loan Agreement, and may not be increased by agreement of the parties, subject to the requirements of Part 3 of Article 21 of the Law of Ukraine “On Consumer Lending”, namely:

  • in case of delay in loan payments, the Borrower shall pay a penalty in the amount of double discount rate of the National Bank of Ukraine, which was in effect during the period of delay. The penalty shall be paid for each day of delay in fulfillment of obligations, starting from the first day of delay, including the date of payment. The penalty shall be charged on the overdue amount and cannot exceed 15% (fifteen percent) of the overdue amount. The penalty shall be calculated on the basis of conditional number of days in a year – 360, and actual number of days in a month;
  • in case of delay in interest and other payments, the Borrower shall pay a fine in the amount calculated according to the formula: 1% (one percent) of the overdue amount × n, where n is a number of days of delay;
  • in case of violation of the Loan Agreement, the Borrower shall pay a fine in the amount of 2% (two percent) of the loan amount for each case of such violation, namely:
    • within three days to inform the Bank about changes in the place of residence, passport details, contact numbers, place of work, opened accounts and obtained loans with other banks, as well as about the creation of economic structures with the participation of the Borrower’s capital, about the initiation of a criminal case against the Borrower or about civil disputes involving the Borrower;
    • at least once a year to provide the Bank with information that characterizes the Borrower’s financial position in order to assess the Borrower’s financial position (certificates of the Borrower’s personal income and income of his/her family members issued by the employer, if any – income declarations, other documents that confirm permanent income of the Borrower and income of his/her family members), and at the Bank’s first request: statements of current accounts opened with other banks, certificates of availability of loans with other banks, issued directly by other banks;
    • during the term of the Loan Agreement, without prior agreement with the Bank:
      - not to receive loans from other banks;
      - not to alienate movable and immovable property;
      - not to provide surety to secure obligations of other legal entities and/or individuals;
      - not to change the terms of the agreements, payments under which are made at the expense of loan funds received by the Borrower under the Loan Agreement;
    • - when the Bank conducts inspections of the intended use of loan funds, the availability and conditions of keeping the pledged property, analysis of the Borrower’s financial position, to provide the Bank with the originals and copies of all necessary documents and do not obstruct the conduct of such inspections. In the event that a restricted access mode has been introduced in the territory where the pledged property is kept, to provide authorized employees of the Bank with appropriate documents (authorizations) for free movement in the territory and exercise of the Bank’s rights provided for in the Loan Agreement;
    • - to notify the Bank of the circumstances indicating the existence of rights and claims of third parties to pledged property within three days as from the time when the said circumstances became known to the Borrower;
    • - within 7 (seven) calendar days as from the date of submission of a written notice of withdrawal from the Loan Agreement, to repay to the Bank the funds received under the Loan Agreement and pay interest for the period as from the date of receipt of funds until the day of repayment thereof at the rate established by the Loan Agreement.
  • in case of violation by the Borrower of the terms of the intended use of loan funds, the Borrower shall pay a fine in the amount of 5% (five percent) of the loan amount used for the purposes not provided for in the Loan Agreement.
  • in case of failure to conclude a pledge agreement within the term specified in the Loan Agreement due to the Borrower’s fault, the latter shall pay to the Bank a fine for delay in concluding the pledge (mortgage) agreement for more than 10 calendar days – in the amount of 0.5% (zero point five percent) of the loan amount; for delay in concluding the pledge (mortgage) agreement for more than 20 calendar days – in the amount of 1% (one percent) of the loan amount; for delay in concluding a pledge (mortgage) agreement for more than 30 calendar days – in the amount of 2% (two percent) of the loan amount (this clause applies in case of granting a loan for a subsequent property mortgage and/or pledge).

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.

FAQ

Did you like this product?
We are committed to ensuring the quality and relevance of our services and products and your opinions and comments are very important to us.