Cash loan

When it comes to funding, there are many self-proclaimed experts who give advice and many myths about it. Therefore, we have prepared a list of the 2 most common myths and why they are not true.

1. MYTH: The shorter the maturity, the better

We agree. But only if your monthly budget is large enough that higher payments do not cause significant harm

Helpful Hint: How do I calculate my monthly payment?

It should not exceed 30% of the family's monthly income. If you set the above, unexpected expenses can put a strain on your family budget in the future.

2. MYTH: A longer loan term is more expensive to maintain

Already not. After all, you independently regulate monthly payments, make early repayments at any time. The longer term of the loan gives you the opportunity to reduce the mandatory monthly payment and thus keep the possibility of minimum payments in the months when there are other unforeseen expenses.

Choose the most convenient way for you there 

In case of Cash loan without insurance of the client's life, health and performance, the client has the right, within 14 calendar days from the date of the conclusion of the consumer loan agreement, to withdraw from the agreement without giving reasons, including if the client receives funds. The client shall inform the Bank about his intention to cancel the consumer loan agreement in written paper form. Within 7 calendar days from the date of submission of a written notice of cancellation of the consumer loan agreement, the client is obliged to return to the Bank the funds received under the agreement and pay interest for the period from the date of receipt of funds to the day of their return at the rate established by the consumer loan agreement .In case of Cash loan with insurance, the client has no right to cancel the consumer loan agreement, since such an agreement provides for the provision of credit funds by the Bank to the client not only for their own (personal) needs, but also for the payment of the insurance premium in favor of the insurer, the insurance service of which is provided to the client before the end of 14 days from the date of the conclusion of the consumer loan agreement (clause 2 of part 6 of article 15 of the Law of Ukraine "on consumer lending").

The loan (credit) service is provided under the terms of the Banking Service Agreement, which consists of a public offer, application for acceptance of the public offer / agreement, Rules of banking services for individuals in Raiffeisen Bank JSC (hereinafter - the Rules), lender's tariffs.

The Agreement may be terminated by agreement of the parties, at the initiative of one of the parties or in cases provided by the legislation of Ukraine.

The Bank has the right to initiate the termination of the Agreement in the presence of one of the following circumstances: breach by the client of its obligations to the Bank under the Agreement or other agreements; in case of carrying out by the client and / or on the accounts of the client of the forbidden (forbidden) operation (s) or operation (s), which contain features that are subject to financial monitoring; the occurrence of circumstances that are grounds for termination of the Bank's provision of services provided by the Agreement to the client; closing all client accounts opened under the terms of the Agreement; absence of the fact of using the Bank's services provided by the Agreement.

 In case of termination of the Agreement at the initiative of the Bank, the Bank shall terminate the provision of services under the Agreement from the date of sending the relevant notice to the client (or within another period provided by the notice).

The service of providing Raiffeisen Bank JSC (hereinafter - the Bank) with consumer loans under the Cash Loan program is provided by the Bank to individual customers under the terms of the Banking Service Agreement.

The Banking Service Agreement (hereinafter - the Agreement) is an accession agreement (Article 634 of the Civil Code of Ukraine) and consists of a public offer, a statement of acceptance of a public offer/agreement, "Rules for Banking Service of Individuals in Raiffeisen Bank JSC", Bank tariffs and a loan application " Cash Loan ".

In case of non-fulfillment or improper fulfillment by the client of the loan obligations established by the Agreement, the client is liable according to the legislation of Ukraine and the terms of the Agreement.

Thus, for the delay in the fulfillment by the client of any monetary obligations under the loan, the client must pay a penalty at the request of the Bank to the tune of 1% (one percent) of the amount of overdue payment for each calendar day of delay. The calculation of penalties is carried out starting from the next calendar day after the date when the corresponding monetary obligation must be fulfilled, and until the day, the consumer fulfills the overdue obligation, inclusive.

The Bank shall not require the client to purchase any goods or services from the Bank or a related or associated person as a prerequisite for the provision of a consumer credit service (except for the provision of a package of banking services).

The Bank shall not be entitled to amend the Cash Loan application with the client unilaterally unless provided by the Agreement or the law.

The customer may refuse to receive promotional materials by means of remote communication channels.

Information pursuant to the requirements of the Law of Ukraine "On introduction of changes to certain laws of Ukraine on consumer protection during the settlement of past-due debt" No. 1349-IX of 19.03.2021"

Informatioon on collecction agency, with which a debt settlement agreement is concluded"

Information on the loan (credit) service is contained in the Consumer Credit Passport "Personal Loan"

Information on the essential characteristics of consumer lending on Personal loan

Public agreement

Standard form of Application on Current account opening and provision of Personal loan

It is possible to receive an official certificate on the state of debt under an existing loan or on the absence of debt to the Bank by calling the Bank's Information Center (0 800 500 500) or by requesting the Raiffeisen Online chat. Details.

For calls from abroad: +38 (044) 354 14 34 (according to the operator's tariffs) or [email protected] (free with Skype).