Loans in martial law

The bank provided “credit holidays” for all individual clients from 1 March 2022 to 31 May 2022. The increased interest rate will not be applied nor will penalties be levied for overdue indebtedness.

Effective 1 June 2022, the following repayment conditions are set for the Borrowers, with the exception of the persons whose overdue indebtedness arose on 24 February 2022:

• For Credit Card and Premium Credit Card lending programs with established credit limits:
  • for credit agreements valid until 30 June 2022 (inclusive), the validity period is automatically extended until 29 July 2022 (inclusive);
  • effective 1 June 2022, the standard regime of credit debt service is established for all credit agreements in accordance with the terms and conditions of the agreement, including repayment of interest – effective 30 June 2022, repayment of the obligatory minimum payment (7%) – effective 25 July 2022;
  • the regime of automatic reduction of the credit limit remains in force.
• The following repayment mechanism is established for all unsecured lending programs:
  • regular payments for the period of credit holidays – until 31 May 2022 (inclusive) on the principal outstanding, accrued interest and commissions, including payment for February 2022, are postponed to the relevant calendar months after the expiration of the credit agreement repayment term with a corresponding extension of its repayment term;
  • for credit agreements expiring before 31 May 2022 (inclusive), the validity period is automatically extended by the number of calendar months required to repay the regular payments that occurred during credit holidays;
  • effective 1 June 2022, the standard regime of credit debt service is established for all credit agreements in accordance with the terms and conditions of the agreement.
• The following repayment mechanism is established for all secured lending programs, including mortgages:
  • effective 1 June 2022, the standard regime of credit debt service is established for all credit agreements in accordance with the terms and conditions of the agreement. Debt incurred from February 2022 must be repaid;
  • you can submit a personal remote request for debt restructuring here.

In case of disagreement with these changes, the borrower must apply to the bank within thirty-five days from the day of public announcement of this information on the bank’s website.

About payment holidays for affilate program "Own credit" – here.

If the above rules of withdrawal from the "payment holidays" do not satisfy you or you have a mortgage loan, you can add a personal application for loan restructuring by filling out the form below.