Service provider:
JSC “UNIVERSAL BANK”, NBU license No. 92 dated 10.10.2011, registration number in the State Register of Banks No. 226.
Product features:
- - Minimum installment amount: 1 UAH
- - Maximum installment amount: 400,000 UAH
- - Effective annual interest rate: 0.000001%
- - Available term, payments: 3 — 25
- - Repayment procedure: monthly payments in equal installments
- - First payment at the moment of purchase
Information on the essential characteristics of the product and risk warnings is available on the product website chast.monobank.ua (http://chast.monobank.ua/)
“Pay in Parts” from monobank is an installment service provided by JSC “UNIVERSAL BANK” that allows you to purchase goods or services now and pay their cost in monthly installments without traditional credit overpayments. Payments are debited automatically, in equal parts, according to the selected term.
How “Pay in Parts” works
After choosing a product or service, the client selects the “Pay in Parts” payment option, agrees to the bank’s terms, and confirms the transaction in the monobank app. The first payment is debited immediately at the time of purchase, and subsequent payments are debited automatically according to the schedule.
The total purchase amount is divided by the selected number of months, so the monthly payment amount is fixed. The payment schedule and detailed information are always available in the monobank mobile app.
Terms and conditions may change. We recommend checking the up-to-date information about the “Pay in Parts” service in the monobank mobile app or on the official website of JSC “UNIVERSAL BANK”.
