Oschadbank Launched Loans for Purchasing Land Rovers at an Interest Rate Starting From 0.01% Per Annum

Oschad, in partnership with the official Land Rover importer in Ukraine (Winner Imports Ukraine, Ltd.), has launched a new partnership program called LAND ROVER FINANCE. It offers the opportunity to purchase Range Rover, Defender, and Discovery vehicles at favorable financial terms. The program’s key advantage is an interest rate starting at 0.01% per annum and no one-time fee, depending on the down payment and loan tenor.

Key terms of the LAND ROVER FINANCE program:

• maximum loan tenor - up to 84 months (7 years);
• minimum down payment - 20% of the vehicle’s value;
• one-time loan origination fee - from 0% to 1.5%;
• maximum loan amount - up to UAH 10 million;
• option to choose a repayment plan - standard or annuity.

“We are seeing steady demand for car loans, especially in the premium segment. In the first half of the year, Oschadbank financed the purchase of over 1,000 cars totaling UAH 1.3 billion, providing us with approximately 14% of the auto loan market. Our partnership with Land Rover is a response to the needs of customers seeking flexible financial solutions for purchasing premium-class vehicles. The new partnership program is set up in such a way that customers are able to choose a balance between the down payment and the loan tenor that works best for them, enjoying interest rates starting at 0.01% per annum,” said Dmytro Bashtovyi, Director of the Partner Relations Department at Oschadbank.

To apply for a loan, all you need to do is visit any official Land Rover dealership or an Oschadbank branch and submit the standard set of documents. The program’s terms also allow for the cost of comprehensive auto insurance (CASCO) for the first year to be included in the loan principal, which will reduce the customer’s initial out-of-pocket expenses.