Credit for pensioners

CONSUMER WARNING
on possible consequences for the consumer in the event of using a consumer
loan or failing to fulfill his obligations under the consumer
loan agreement
1. In case of delay in fulfilling the obligations to pay payments under the loan agreement:

• The Borrower, at the request of the Lender, must pay the Penalty in the amount and in the manner established by the Agreement (clause 4.9. of the Model Agreement);
• the information provided for the conclusion of the Agreement may be transferred to third parties, in particular to banks and credit bureaus (clauses 6.3-6.4. of the Model Agreement);
• a collection company may be involved to settle overdue debts in accordance with the procedure established by law (clause 3.2.8. of the Model Agreement);
• the right of claim under the Agreement may be assigned (sold) to third parties (clause 3.2.10 of the Model Agreement);
• repayment of the debt may be accelerated at the request of the Lender in accordance with the procedure and terms established by the Agreement (clause 3.2.4. of the Model Agreement);
• The Lender may contact the Borrower and third parties (contact persons) of the Borrower, who were indicated by him when concluding the Agreement (clause 3.2.9. of the Model Agreement);
• the debt may be forcibly collected in court (clause 8.2. of the Model Agreement, Article 16 of the Civil Code of Ukraine).
• Penalty: in case of full or partial delay in returning the Loan and/or paying interest for its use and/or other payments under the Agreement, the borrower pays a penalty in the amount of - 200.00 UAH for the first overdue payment, and 500.00 UAH for each subsequent overdue payment (clause 4.9. of the Sample Agreement);

Interest rate: determined in accordance with Art. 625 of the Civil Code of Ukraine and is three percent per annum of the overdue amount; Other payments: in case of delay in fulfilling a monetary obligation, at the request of the Lender, the Consumer is obliged to pay the amount of the debt taking into account the established inflation index for the entire period of delay in accordance with Art. 625 of the Civil Code of Ukraine.

2. Failure to fulfill the obligation to repay a consumer loan may affect the credit history and make it difficult to obtain a consumer loan in the future;
3. A financial institution is prohibited from requiring a consumer to purchase any services from a financial institution or a person related or associated with it as a mandatory condition for granting a consumer loan;
4. In order to make an informed decision on obtaining a consumer loan on the proposed terms, the consumer has the right to consider alternative types of consumer loans and financial institutions;
5. A financial institution has the right to make changes to consumer loan agreements concluded with consumers only with the consent of the parties;
6. The consumer has the right to refuse to receive advertising materials via remote communication channels;
7. Possible costs for the consumer to pay for the use of a consumer loan depend on the payment method chosen by the consumer;
8. The consumer initiates the extension (prolongation, rollover) of the consumer loan repayment period (term of fulfillment of the monetary obligation)/crediting period/term of validity of the consumer loan agreement without changing the terms of the previously concluded agreement.