Oschadbank review

The cash loan carries an APR of 42.56% to 63.57%, well above the 12% site median for the same kind of borrowing. The arrangement charge on the cash loan is 0 UAH, so the rate is the number that decides whether this lender is workable.

The origination fee is 0 UAH on the cash loan, so setting it up carries no charge. Early repayment is free as well, so settling the balance ahead of schedule adds nothing. What to weigh is the rate itself, since 42.56% to 63.57% is the cost of the credit.

Oschadbank is licensed by the National Bank of Ukraine and carries the identifier NBU ID 300465 (EDRPOU 00032129). It is a direct lender, not a broker, and it is based in its home market of UA. The bank has traded since 1999.

Borrowing runs from UAH 10,000 to UAH 500,000 over terms of 12 to 60. The amount gives a wide spread, but the term is capped, so repayments are planned on a shorter clock than secured lending elsewhere. The use the bank highlights is home improvement.

Eligibility rests on Ages 21-65, citizens of Ukraine with stable income. That means adults who are citizens of Ukraine with a stable income, so the pool is narrower for anyone applying from outside the country or without steady earnings. Steady earnings are the condition the bank names first.

Yes, early repayment is free. You can settle the loan well before the end of 12 to 60 with no exit charge, which suits anyone whose income rises. Pricing stays fixed for the whole term, so extra payments go against the balance.

The range covers personal, car and secured, so personal, car, secured, business and buy now pay later borrowing all sit with one bank. The use case named is home improvement, and the model is fixed rate, meaning instalments are built around a fixed rate.

The 42.56% to 63.57% range is far above the 12% site median and the 12.25% personal loan median, so cost is the reason to look elsewhere. Cashspace lists PHP 12 to PHP 36 and Monzo Flex lists 10% to 23%, both lower bands.

Support runs on phone, email and chat, so questions can go by phone, by email or through live chat. Those are the listed routes for a question before applying and for one while a loan is running, and all of them are remote rather than in person.