Need funds right now, but no documents at hand?
Then Credit7 2.0 is just what you need!
The application was created to simplify the procedure of obtaining a loan as much as possible.

How does it work?
Now there is no need to look for documents or a personal identification number - it is enough to confirm the phone number and go through a quick verification through BankID.
The automated process reduces loan processing to a record 3 minutes.
A convenient and modern interface makes using the application comfortable and understandable.

Step-by-step instructions for obtaining a loan:
- Install Credit7 2.0 on your smartphone.
- Complete a short registration — just phone number and BankID.
- Select the loan amount and term.
- Confirm the application and instantly receive funds on the card.

Lending conditions:
- Age from 18 years
- Amount from 500 to 50,000 UAH
- Term up to 365 days
- First loan at 0.01% per day (first billing period)

How to repay the loan:
- By bank card in the application
- Through Internet banking or terminals
- By bank transfer to any bank

The MINIMUM loan term is 360 days
The MAXIMUM term of the loan is 365 days
The MINIMUM loan amount is UAH 500
The MAXIMUM loan amount is UAH 50,000
MAXIMUM annual interest rate including the share: 332.60%
MAXIMUM annual interest rate excluding shares: 356.75%
The standard rate for regular customers may decrease.

An example of a calculation when applying for an online loan with a reduced interest rate of 0.01% per day:
Loan amount = UAH 1,000.00.
Total credit term = 360 days.
Daily interest rate during the promotional period = 0.01%.
Interest for 1 day in the promotion period = UAH 1000.00. * 0.01/100 = 0.10 UAH.
Interest for 10 days in the promotion period = UAH 0.10. x 10 days = UAH 1.00.
Amount to be paid during the promotion period = UAH 1.00
Annual percentage rate (APR) during the promotional period = 3.65%
Real annual interest rate during the promotional period = 3.72%
Annual interest rate (APR) for the entire credit period, including the promotional period = 332.60%
Real annual interest rate for the entire credit period, including the promotional period = 2058%
Total loan costs = UAH 3,326.00
Amount to be returned at the end of the contract = UAH 1,000.00. + UAH 1 (promotional period) + (95.00 UAH * 35 periods) = 4,326.00 UAH

Example of calculation according to standard loan parameters
Standard loan conditions (without the promotional period of applying a reduced interest rate)
Loan amount = UAH 1,000.00
Total credit term = 360 days
Daily interest rate = 0.95%
Loan granting commission = 10%
Annual Percentage Rate (APR) = 356.75%
Real annual interest rate for the entire credit period = 3,845.25%
Interest for 1 day = UAH 1,000.00*0.95 / 100 = UAH 9.50
The total cost of the loan = UAH 3,520.00
Amount to be returned at the end of the contract = UAH 1,000.00. + (100.00 UAH + (95.00 UAH. * 36 periods) = 4,520 UAH