Oschadbank has resumed its AutoBOOM lending program for used cars with interest rates starting at 0.01%

Oschadbank is resuming its AutoBOOM lending program for the purchase of vehicles on the secondary market. The product has been launched, taking into account the needs of Ukrainians and the experience of previous periods. As part of the program, Oschadbank offers the most competitive and affordable financing terms, which are among the best on the Ukrainian market.

Key advantages of the program include:

• interest rate—from 0.01% per annum (depending on the initial deposit and loan term);
• minimum down payment—from 30% of the car's value;
• loan term—up to 7 years;
• one-time bank commission—1.5% of the loan amount.

The conditions for cars purchased on credit are as follows:

• mileage—up to 150,000 km;
• maximum age of the car on the loan repayment date—no more than 12 years (7 years for electric cars).

Additional advantages of the product include no costs for appraisal and notarization of agreements. The program provides for compulsory vehicle insurance under a comprehensive CASCO package and flexible rates at one of the insurance companies accredited by Oschadbank, at the customer's choice.

"Since the beginning of the year, Oschadbank has issued UAH 2 billion in car loans, helping more than 1,800 customers fulfill their dream of owning a car. Currently, Oschadbank holds almost 25% of the car loan market in Ukraine. The resumption of the AutoBOOM program will allow Oschadbank to provide customers with even more opportunities to purchase their own vehicles on favorable terms," said Dmytro Bashtovyi, director of Oschadbank's partner relations department.

To obtain a loan, you should submit a standard package of documents, including a passport, a certificate of income for the last 6 months, a car account, and other documents in accordance with the bank's requirements.

Detailed information about car lending conditions can be found at branches or on the official website of Oschadbank.