Credit secured by a deposit - the service is offered to a customer who has made a deposit, the possibility of receiving a credit on the pledge of funds on the deposit account, to be used at the customer's own discretion, without deposit account termination.
Credit conditions: the depositor opening a deposit account receives a payment card for deposit interest crediting with an open revolving facility of up to 90% of the deposit amount.
Account currency - UAH, USD, EUR.
Credit term - for the deposit agreement validity term, but not more than 1 year.
The interest rate for the established credit limit on deposit cards is calculated according to the following formula: valid deposit interest rate + 5%.
Main advantages of the product:
- there is no need to terminate the deposit agreement and lose deposit interest if it is necessary to use the money on the deposit agreement;
- the customer can spend credit funds at his own discretion at any time, withdrawing them from ATMs or outlets, or making settlements in trade outlets;
- the customer pays interest only for the actually used part of the facility;
- no connection to the repayment schedule;
- the customer can repay the principal and the interest on his own by cash or non-cash crediting of the customer account, including by third parties;
- if the deposit amount is increased, the credit limit on the card may be also increased if the customer so wishes;
- the credit limit is executed without guarantee at the deposit pledge;
- the customer can use a wide range of additional services and flexible system of discounts for goods and services in the trade and service network according to the bank discount program.
If you have entered into a deposit agreement with PJSCCB PRAVEX-BANK, we are ready to activate the service on credit limit establishment on your account as soon as possible.
To activate the service you need only apply to a PRAVEX-BANK outlet, where the deposit agreement was entered into, and present the following documents:
- deposit agreement;
- passport of a citizen of Ukraine;
- certificate of the identification number.
For additional information, please refer to PJSCCB PRAVEX-BANK information center 24 hours by phone: 0 (44) 201-16-17 (in Kyiv), 0-800-500-450 (free from fixed-line phones in Ukraine).
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