How the car lending market is developing in Ukraine. A conversation with Roman Bunich from Credit Agricole
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– How not to overpay the loan and whether it is possible repay earlier than the established terms without fines from the bank?
– You should not be afraid to pay a loan, you should be afraid of those loans for which you do not need to pay.
It should be understood that you are contacting a financial institution, taking cash for a certain period. And this is not a free service. You have to pay something for it. This is an axiom. Do not be afraid of this, it is a normal practice.
Our country had a difficult experience when financing was in foreign currency, in dollars. It was a mortgage. And it was a mistake. No country in Europe finances in foreign currency if it has no foreign exchange revenue.
In our country, hryvnia financing has been exclusive for a long time. You come, take a loan in the national currency, all amounts are fixed in hryvnia. You have a loan agreement where it is written that you will conditionally repay six thousand hryvnias every month, and this will be the case for five years, regardless of what the exchange rate will be.
If you cooperate with a stable bank that has transparent conditions, you can even win on this exchange rate difference for some time.
As for the early repayment of the loan, it is possible at any time after receiving financing.
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