In order to reduce the financial burden on the borrower, Raiffeisen Bank Aval (hereinafter referred to as the “Lender") announces the change from March 26, 2020. (hereinafter referred to as the “Date of Application of Changes”) of the loan conditions defined by the Agreement, namely:

1. Temporarily, from the Date of application of the amendments to June 25, 2020. the size of the monthly obligatory payment and the interest rate on the Loan, which does not apply to the Grace Period, is reduced (hereinafter referred to as “Credit Vacations”).

2. The Lender cancels the Borrower's obligations to pay the monthly obligatory payment calculated on 25.03.2020 and which the Borrower is obligated to pay on April 10, 2020 in the amount of 15% (fifteen percent) of the loan balance outstanding calculated on the last date of calculation of interest payments (hereinafter - Billing).

Subsequently, during the term of the credit vacation, starting from the next billing date that comes after the date of application of the changes, the monthly obligatory payment of the loan will amount to 5% (five percent) of the loan balance outstanding at the date of calculation of interest payments and which the borrower will be required to pay until the 10th (tenth) day of each calendar month following the Billing date to avoid arrears under the Agreement.

3. During the term of the credit vacation, the interest rate for the use of the Loan for which the Grace Period is not applicable is set at 27% per annum.

4. Obligations to repay a portion of the principal amount of the Loan unpaid during a credit vacation must be paid by the Borrower at the end of the credit vacation and before the expiration of the Credit stipulated by the Agreement.

5. Starting from June 26, 2020 The Borrower is obliged to pay the Lender a monthly mandatory payment in the amount determined

The agreement, as well as pay the Lender Interest for using the loan based on the interest rate, the amount of which is determined by the agreement.

The Borrower has the right to early repayment of the Loan during the Credit holidays without the need to send any additional messages to the Bank.

The borrower undertakes to repay the debt in accordance with the terms of the contract and subject to the new conditions set forth in this notice.

If the Borrower agrees to apply for a vacation, the Borrower is obliged to inform the Lender in writing about the refusal within 5 (five) calendar days from the date of sending this letter-message.

If you have questions, contact your loan manager

or by phone 0 800 50 50 45