Salary card with a credit limit - Second Salary Standard and Second Salary Promotional Offer services.
The size of the established credit limit is up to 100% of the average monthly salary (for the last three months, bonuses not included) but not more than UAH 50 000.
Establishing a credit is possible if the following conditions are met:
- only if there is a valid salary card account with the bank (i.e., if the salary is remitted);
- the salary card holder must be 23-55/60 years old;
- if the salary card holder is older than 55-60, a credit limit may be established with mandatory entering into a guarantee agreement.
Credit limit validity term is 1 year (12 calendar months) from the date of credit limit establishing. If 30 days prior to the expiration of the agreement neither party (bank or client) declares termination thereof, and the client has no outstanding debt under this credit, the agreement will be considered prolonged for one calendar year. At that, there shall be a positive or zero balance of the client's own funds on the account as of the date of credit limit expiration.
Interest rate for the use of the credit limit on the Second Salary Standard service is 3% per month, Second Salary Promotional Offer - 2% per month. If you use the credit you pay for the used credit funds only, i.e., interest rate depends on the actually used credit and actual number of days of use.
Repayment source on the credit limit is the monthly salary and other credit account remittances, including third party remittances. The client shall repay only the interest for the bank funds used to the 15th day of the month following the month of credit limit use.
Repayment of the used amount. The necessity to repay the principal amount of the used credit emerges only in 12 months from the date of credit limit establishment; that is, the bank does not require monthly repayment of the principal. When the salary is credited onto the card account, the interest on the credit and the used credit amount are automatically repaid; that is, the salary amount is diminished by the amount of the used credit and accrues interest, but the credit limit will be available again. Besides, it is very convenient that while repaying credit interest at the expense of salary, there is no need to come to the bank and pay the outstanding amount onto the card account.
print page »