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Loans
| Bank `Finance and Credit`offers its customers a broad range of loan facilities with the possibility of adjusting their standard terms and conditions. Our objective is to satisfy most fully the needs of our potential borrower. |
| Retail Loan Portfolio (UAH million) |
Our credit products enjoy steadily growing demand. In 2007, the bank's retail credit portfolio grew by more than 2.3 times and amounted to about UAH 4.2 bln as of 1 January, 2007.
The largest share of the Bank's loan portfolio is covered by mortgage lending programs with more than 58%, followed by auto lending programs with 29%, and consumer lending programs ("First Financial Aid", "Instalment Purchase") with 10%. |
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Mortgage Lending
| Mortgage loans make up 58% of the total consumer lending portfolio of the Bank. According to the data of the Ukrainian National Mortgage Association share of the Bank `Finance and Credit` as of beginning of 2007 equals to 4% of total mortgage loans. (No. 7 among all Ukrainian banks) |
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In 2007, the Bank `Finance and Credit` became No. 1 Bank
in the rating of “Top 15 mortgage loans”
The survey of the “Business Magazine” was carried out in two categories: mortgage loans in US Dollars and loans in national currency; terms and conditions for loans provided for 10 and 20 years were considered, as well as interest expenses, commissions and insurance charges. The Bank became No. 1 in all these categories.
Within the framework of cooperation programme with the State Mortgage Institution for leadership by volume of refinanced mortgage loans
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Our competitive advantages in the mortgage segment:
- mortgage lending in form of revolving credit line ( in UAH, USD and EURO)
- “credit vacation” opportunity for the term of 36 months (only interest to be paid)
- mortgage loans for up to 30 years with interest rate from 11% in UAH
- `Interest only` programme – within the first three years the borrower pays only interest
- `Discount` programme in cooperation with the real estate agency `Îlimp`. The main idea of the programme is that in the first year of using the loan an interest rate is reduced by 1%, and bonus is granted in the form of free of charge appraisal of real estate and documents registration with a Bureau of Technical Inventory
- a programme of mortgage lending `EVERYTHING AT ONCE`. The main peculiarity of which is that during the first 24 of using the loan by the borrower, monthly payments are reduced by 40%.
- possibility of refinancing mortgage loans provided by other banks with a Bank `Finance and Credit`
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In 2007 the Bank offered new mortgage programs
In March 2007 - the Bank offered lending programmes to its retail customers - «Loan for Land Purchase» and «Consumer Lending with Land as Collateral»
In August 2007 - launch of the program for refinancing mortgage loans for the term of up to 20 years
In October 2007 - the Bank introduced a programme of mortgage lending «EVERYTHING AT ONCE». The program is meant for the term of up to 25 years, during 24 years of which borrower’s monthly payments are reduced by 40%.
The share of non-performing loans in the consumer loan portfolio of the Bank makes up less than 1%. |
Auto Lending
There are over 10 auto lending programs developed in the Bank `Finance and Credit`. Auto loans make up over 29% of retail loan portfolio. The Bank provides auto loans with the term of up to 8 years, with no down-payment required and with a prepayment option.
Only in 2007 the whole range of new auto lending programs was developed:
in March 2007, a new auto lending programme was developed for retail customers on purchasing used foreign autos for the term of up to 5 years.
in April 2007, the Bank has introduced auto lending programme for retail customers on purchasing commercial vehicles without down-payment.
in April 2007, the Bank introduced a new auto lending programme - `Auto Premium`, based on loyalty towards customers using loan products of the Bank for more than one year.
The main idea of `Auto Premium` programme is a possibility of annual reduction of loan interest rate and no monthly commissions. Only from September to December 2007 over 6.5 thousand Bank’s customers enjoyed the advantage of this programme.
Within the framework of auto lending programs the Bank effectively cooperates with more than 650 auto stores and 50 insurance companies. |
First Financial Aid
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A crucial advantage of this loan facility is the promptness with which the Bank decides whether to grant a loan. Under this program loans of up to UAH 15,000 are provided. The borrower can receive a loan within hours after applying. `First Financial Aid` is an advanced version of the loan facility `Instalments Purchase`, which has been around for quite a long time. For loans received under the `First Financial Aid` program, the borrower is not required to submit proof that the loan funds have been used for the purpose intended.
Variations of this loan facility:
`First Financial Aid for Pensioners`
`First Financial Aid for Sailors`
Total number of individuals who used a `First Financial Aid` program in 2007 equals to over 19,000 customers of the bank `Finance and Credit`.
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"Six Salaries" loan facility
| The target group of borrowers under this program is the staff of the bank's partner companies. Its main advantages are availability of consumer loans for any purpose and no pledge requirement. If the borrower's employer has a payroll card project with the bank, a loan may be granted without security. |
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