Credit OK

Credit OK offers a curated selection of credit options tailored to your needs. If you find yourself in urgent need of funds and lack the time to compare interest rates and seek the best offer, this service has simplified the process for you.

The online credit service provides a convenient and swift way to access comprehensive information about loans from reliable and verified organizations. Users can track discounts and special offers, apply for credit without navigating through multiple platforms, and receive funds from the comfort of their homes. Loan amounts range from 1,000 to 25,000 hryvnias, with funds typically credited to your card within five minutes.

This program serves as an informational platform, delivering up-to-date credit information from Ukrainian financial institutions. It allows users to compare loan terms from various companies and select the most advantageous offer.

It is essential to note that this mobile application does not function as a bank or lender; rather, it provides informational resources.

The app offers comprehensive details regarding lending in Ukraine:

• Compare interest rates, amounts, and terms;
• Select preferred offers available in the Ukrainian market;
• Access complete information about credit organizations in Ukraine.

Essential requirements for obtaining online credit through all partners include:

• Possession of a Ukrainian passport;
• A debit or credit card from any Ukrainian bank;
• A mobile telephone number;
• Age of at least 18 years.

Additional requirements may vary depending on specific organizations. Applications are processed 24/7, allowing users to receive funds at any time of day.

Before applying for an online loan, it is important to review the terms:

• The minimum repayment period is 65 days;
• The maximum repayment period is 365 days;
• The maximum annual percentage rate (APR), including interest and all other fees for one year, is 32%, while the minimum is 1%.

The annual interest for loan usage ranges from a minimum of 1% to a maximum of 32%. Daily interest rates start at 0.01% and cap at 0.08%. For example, with a principal loan amount of 15,000 UAH over a term of 100 days, the fee would amount to 0.08% per day, totaling approximately 12 UAH daily or 360 UAH monthly. The total fee after 100 days would be around 1,200 UAH, resulting in a total repayment sum of 16,200 UAH.

The effective interest rate (FLC - Full Loan Cost) amounts to an annual percentage rate (APR) of 29.2%. In case of late payments, a penalty of 0.10% per day on overdue amounts is applied, not exceeding 10% of the loan amount.

Borrowers have the right to extend repayment terms; however, only interest payments on borrowed funds are required during this extension period.

The mobile application emphasizes responsible borrowing and repayment practices without functioning as a bank or lender or promising application approval.