Oschadbank and Volvo Ukraine offer businesses preferential loans for Volvo and Renault trucks

Oschadbank and Volvo Ukraine have launched a new partnership financing program for the purchase of Volvo and Renault trucks on favorable terms for Ukrainian businesses. The program provides access to credit funds at a minimum interest rate and a long loan term of up to ten years.

“The launch of this program is another step by Oschadbank to support Ukrainian business and the transportation industry. We understand that fleet renewal is an investment in the development of an enterprise, and thanks to cooperation with Volvo Ukraine, our customers will have access to reliable vehicles on favorable terms. The purpose of such partnership programs of Oschad, which number more than 300, is to provide entrepreneurs with real opportunities for business development even in difficult economic conditions,” said Natalia Butkova-Vitvitska, Oschad Board Member in charge of micro, small and medium-sized businesses.

“The transportation industry is one of the key sectors for the Ukrainian economy. Financing new equipment is a critical aspect for the development of the transportation business and infrastructure. So today, Ukrainian transport companies need support more than ever. Thanks to the program we are implementing with Oschadbank, transport companies can take advantage of favorable credit conditions for the purchase of new vehicles under a simplified procedure and upgrade their fleets,” said Oleksandr Sanin, CEO of Volvo Ukraine.

Main terms of the program:

• interest rate, depending on the loan term and the amount of the down payment - from 0.01%;
• loan term - up to 120 months;
• convenient repayment schedule - monthly in equal installments;
• only the purchased vehicle is pledged as collateral.

The program's advantages include the absence of notarization of collateral and a simplified list of documents.

To get a loan, a client can apply online and receive a preliminary decision from Oschadbank within 24 hours. After signing the loan agreement, the funds will be automatically credited to the account.

Detailed information about loan programs is available on the official website of Oschadbank, in branches or in the contact center for business clients by phone: 0 800 219 800.