End of credit holidays: what will change from June 1 in PrivatBank

From March 1, 2022 to June 1, PrivatBank, like many other banks, introduced credit holidays for individuals on all credit cards. What will change in connection with the end of the holidays – in the material TSN.ua

Credit holidays gave customers the right not to make the mandatory minimum payment, the bank did not fine for late payments. On April 1, Privatbank partially returned some tariffs, reducing them compared to the pre-war level. Thus, the preferential loan rate was set at half the rate before the war, at the level of 1.7%. Interest is accrued in April and May, but until June 1, the repayment of the payment will not be mandatory.

From June 1, 2022, PrivatBank returns the mandatory monthly payment for the use of credit funds for customers. This was reported by the press service of the bank.

“… If you are having difficulties now, you can not make a mandatory payment until the end of May. But if you replenish your credit card, we will be very grateful to you. From June, the mandatory payment will return. And we will inform you separately about the conditions for using funds in June” – such information is made public in the message.

Read also:

Who does not need to pay land tax during the war

Under what conditions can banks block the transfer of cash by an individual

How to rent a house during the war: what you need to check, exemption from rent

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