Premiere Overdraft
Simply. Easy. At hand every day
Loan advantages
- credit limit – from UAH 35,000 to UAH 500,000;
- grace period – 15 days for all card payments at 0.01% per annum;
- monthly mandatory payment – no (interest is paid);
- setting a limit on your premium card.
real annual interest rate 35.65 – 35.8 % per annum
Loan peculiarities
The offer is provided to Pivdenny Bank clients of the Premium segment as part of the Premiere Overdraft lending program.
Documents required for registration:
- Passport of a citizen of Ukraine/other identification document in accordance with the current legislation of Ukraine and the requirements of the Bank, in particular, an ID passport;
- Taxpayer’s identification number.
In addition, in case of no income is credited to the current account in Pivdenny Bank:
- a certificate from the place of work about received income (paid wages, etc.) for the last 3-6 months with a monthly breakdown;
- certificate/declaration of income/tax return for the last tax period;
- current and previous contracts with the employer for the last 3-12 months, depending on the term of the current contract, but no more than the last 12 months;
- statement (certificate) of the bank account on the movement of funds for the last 3-12 calendar months (cross turnovers, financial assistance, etc., as well as receipts, the sources of which cannot be determined, are excluded by the Bank from the calculation).
Information on obtaining a consumer loan
See essential characteristics of the consumer loan service, information on the availability, list and cost of additional and/or related services of the financial institution, credit intermediaries and third parties, including the amount of the payment and the basis of its calculation, taking into account the requirements of the legislation of Ukraine, the Calculator in the ‘Documents’ section.
The Bank web page, where the terms of the contract (including its public part, offers) and other standard consumer loan agreements, internal rules for the provision of financial services by the Bank, are located at the link.
The page of the official Internet representation of the National Bank, on which the State Register of Financial Institutions is placed, is located at the link.
We recommend that the consumer immediately inform the Bank about unauthorized access or changes to the consumer’s information in the Bank’s remote service system.
The rules and procedure for the protection of personal data of consumers can be found at the link.
After the termination of the consumer loan agreement, including in connection with the expiration, termination or execution of such an agreement, the consumer shall have the right to contact the Bank with a request for information (certificate) regarding the fulfillment by the parties of their obligations established by the agreement, including information (certificate) about the absence of debt and full fulfillment of the consumer’s obligations under the contract, which the Bank provides in the form of a paper or electronic document (at the consumer’s choice) within five working days from the day the financial institution receives such a request.
Information on the procedure for consideration by the Bank of consumer appeals (complaints) regarding the consumer loan service is located at the link.
The possibility and conditions of early termination of a consumer loan agreement, as well as the method of such termination of an agreement, terms and conditions of repayment
The borrower shall have the right at any time to fully or partially repay the consumer loan early, including by increasing the amount of periodic payments, without any additional fee associated with early repayment. In case of early repayment of a consumer loan, the borrower shall pay interest to the lender for the use of the loan and the cost of all services related to the servicing and repayment of the loan for the period of actual use of the loan.
The client shall have the right to refuse the Application–Service Contract (if this is provided for by the current legislation of Ukraine) and to prematurely terminate this Contract and close the accounts on the basis of a written statement (except for cases when the early closure of accounts/refusal/termination of the contract is prohibited by the current legislation), according to the conditions of the absence of debt to the Bank, valid Applications-Contracts/Contracts and the return, at the request of the Bank, of all payment cards, including those issued to authorized Client’s representatives. This Contract shall be considered terminated on the day of closing all accounts and full fulfillment of obligations under this Contract.
The Borrower shall have the right, within 14 (fourteen) calendar days from the day of concluding the Loan Agreement, to withdraw from the Loan Agreement without explaining the reasons on the basis of a written statement in accordance with the procedure provided for in Art. 15 of Law of Ukraine On Consumer Lending. In addition, the Borrower shall not have the right to refuse the Loan Agreement if, at the time of the Borrower’s refusal from the Loan Agreement, the purchase of works (services) provided for in the terms of the Loan Agreement took place.
How to apply for a loan?
How to repay the loan?
Pivdenny MyBank
If you are a Pivdenny MyBank system user, complete the authorisation procedure and order services automatically.
Pivdenny Online
Log in to the Pivdenny Online mobile application and replenish the card with a credit limit in a convenient way.
Settlement of overdue debt
Information is provided for the fulfillment of requirements of clause 26 of Chapter V of the Regulation on Requirements to the Creditor, New Creditor, Collector Company and Their Activities During the Settlement of Overdue Debt approved by Resolution of the Board of the National Bank of Ukraine dated July 9, 2021 No. 79.
Procedure for assigning the right of claim under a consumer loan agreement to a new creditor
Assignment of the right of claim shall be carried out in accordance with the procedure provided for by Articles 512-519 of the Civil Code of Ukraine.
Conditions under which the Bank begins the activity to settle the overdue debt, assigns the right of claim under the consumer loan agreement to the new creditor.
Joint-stock Bank Pivdenny begins activities to settle overdue debts or may assign the right of claim under the consumer loan agreement to a new creditor in case of the non-fulfillment or improper fulfillment by the client of its obligations under the loan agreement.
Procedure and method of repayment of the overdue debt.
Until the debt collection is enforced (in accordance with the procedure provided for by Law of Ukraine On Enforcement Proceedings), the procedure and method of repayment of the overdue debt established by the loan agreement shall not change. After the start of enforcement, the procedure and method of repayment of the overdue debt shall be carried out, taking into account Law of Ukraine On Enforcement Proceedings, through interaction with the State or Private executor.
Possible consequences for the client in case of using consumer loans. Warning
Conclusion and servicing of a consumer loan agreement in accordance with a certain lending program requires the borrower to pay for the services of the bank and/or third parties. More details in the ‘Documents’ section
The risk of untimely fulfillment of obligations under the consumer loan agreement in case of improper review by the client of the conditions/documents before concluding a loan agreement and/or a mortgage agreement (pledges, sureties).
The risk of fraud related to unauthorized use of identification documents/customer data.
In the cases defined by a loan agreement and/or a mortgage agreement (pledge, surety), the bank shall have the right: to demand early repayment of loan payments and compensation for losses caused to it by breach of obligation, to foreclose on mortgaged housing, property rights to it or other immovable/movable property in accordance with the legislation of Ukraine, and, in case of insufficient funds received from the sale of mortgaged (pledged) 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 the judicial authorities in accordance with the procedure established by the legislation of Ukraine.
The Bank shall have the right to transfer information on consumer credit debt to the credit bureau/credit register of the National Bank of Ukraine. Violation of the obligation to return a consumer loan can affect the credit history and make it difficult to obtain a consumer loan in the future.
Currency risks: purchase and sale of currency to fulfill obligations under the loan agreement shall be carried out at the initiative of the bank exclusively during the contractual debiting of funds from the client’s accounts. During the purchase and sale of foreign currency, the bank shall apply the current market rate on the date of purchase and sale of currency, while the bank’s fee during the purchase/sale of foreign currency for hryvnias shall be charged in accordance with the tariffs of Pivdenny Bank. More details
The Bank is prohibited from requiring the consumer to purchase any goods or services from the Bank or a person related to it as a condition for granting a consumer loan.
To make an informed decision about obtaining a consumer loan on the proposed terms, the consumer shall have the right to consider alternative types of consumer loans and financial institutions.
The Bank shall have the right to make changes to consumer loan agreements concluded with consumers only with the consent of the parties.
It is possible to opt out of receiving advertising materials by contacting the Customer Support Center: by calling 0 800 30 70 30 (toll-free in Ukraine) or via remote electronic service channels.
Possible costs for the consumer’s payment for using a consumer loan depend on the payment method chosen by the consumer.
Initiation by the consumer of the extension (longation, prolongation) of the repayment period of the consumer loan (the period of performance of the monetary obligation) / the term of the loan / the term of validity of the consumer loan agreement shall be carried out without changing the conditions of the previously concluded contract towards the deterioration for the consumer.
Possible consequences for the client in case of non-fulfillment of obligations under the Loan Agreement regarding consumer lending
The aggregate amount of the penalty (fine, interest) and other payments payable by the consumer for breach of his obligations under the Loan Agreement and the Agreement of Integrated Bank Servicing of an Individual 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 taking into account the requirements of parts 2 and 3 of Article 21 of Law of Ukraine On Consumer Lending, namely:
- an increased rate of 60% per annum shall be charged for overdue debt under the credit line;
- the borrower shall pay a fine in the amount of 5% of the amount (maximum limit of the credit line) of the loan specified in the Loan Agreement for each case of such a violation, namely:
- within three days to inform the Bank about a change in his place of employment and/or residence, passport data, the Customer’s financial telephone number, opening accounts and obtaining loans in other banks, as well as about the initiation of a criminal case against the Borrower or about civil legal disputes involving the Borrower;
- upon the Bank’s first request, provide the Bank with information that characterizes the Borrower’s financial condition (certificates from the place of work about received income, if available – income declaration), as well as: statements from current accounts opened with other banks, certificates about the availability of loans from other banks to assess the Borrower’s financial condition.
- when registering a pledge of property rights according to an application-bank deposit agreement:
In the event that the pledge agreement is not concluded 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% of the loan amount; for delay in concluding a pledge (mortgage) agreement for more than 20 calendar days – in the amount of 1% of the loan amount; for a delay in concluding a pledge (mortgage) agreement for more than 30 calendar days – in the amount of 2% of the loan amount (this clause shall apply in case of granting a loan for a subsequent mortgage and/or property pledge).
Possible consequences for a client in case of using payment cards
When creating and maintaining packages of services with the opening of current accounts using electronic means of payment – payment cards, carrying out payment transactions with cards for debiting or crediting funds, fees may arise both from the card issuing bank and from other banks, taking into account costs, related to tariffs of other banking institutions of Ukraine. More details about tariffs of Pivdenny Bank
In the event that the client fails to fulfill his obligations under the Agreement on Integrated Banking Services for Individuals and/or its annexes to suspend payments on the card (block) and/or declare it invalid until the specified violations are eliminated, as well as to demand early fulfillment of debt obligations in general or in the share determined by the bank, including by contractual write-off of debt repayment amounts at the expense of funds in other bank accounts of the client, as well as to transfer information about the debt to the credit bureau/Credit Register of the National Bank of Ukraine regarding a negative credit history, which may be taken into account by the bank at the time of making a decision on granting a loan in the future, to apply to the judicial authorities in accordance with the procedure established by the legislation of Ukraine. More details
The risk of fraud associated with the unauthorized use of card or customer data. More details
The risk associated with unsafe card payments on the Internet. More details
The risk associated with the non-compliance with the rules for using an ATM. More details
The bank is prohibited from requiring the client to purchase any goods or services from the bank or a person related to it as a prerequisite for the provision of these services (except for the provision of a package of banking services).
The Bank shall not have the right to unilaterally make changes to contracts concluded with clients, unless otherwise established by the contract or law.
It is possible to opt out of receiving advertising materials by contacting the Customer Support Center by calling 0 800 30 70 30 (toll-free in Ukraine).