PrivatBank has launched an online credit service that allows individuals to apply for loans of up to UAH 50,000 without having to visit a branch and deal with processing paper documents. Once approved, loan funds are credited to an individual’s card. The repayment term is between 12 and 24 months.
To apply for a loan in this way, a customer need merely select the desired amount and term and confirm his/her agreement with the terms and conditions. Processing time for the applications takes up to 2 hours, with loan funds being transferred to the customer’s cards within 20 minutes after the decision is made.