Oschadbank’s new program offers loans for used cars at 0.01%

Oschadbank’s new program offers loans for used cars at 0.01%

10 April , 2026

Oschadbank has launched the Select Finance program—a financing program for used cars sold through official dealers in Ukraine.

The program offers more favorable financing terms compared to traditional used car loans and applies to vehicles with low mileage that have a verified service history and are covered by the manufacturer’s warranty.

A vehicle purchased under the program must meet the following requirements:

age – up to 3 years from the date of first purchase;
mileage – up to 50,000 km;
valid manufacturer’s warranty;
no more than one previous owner.

Oschadbank offers flexible financing terms:

interest rate – from 0.01% to 11% per annum (depending on the term and down payment);
down payment – from 30% of the car’s value;
loan term – up to 5 years;
one-time fee – from 0 to 3% of the loan amount;
repayment plan – classic or annuity;
option to include the cost of comprehensive insurance for the first year in the loan amount.

“We have focused on the segment of used cars sold through official dealers and covered by a manufacturer’s warranty. This gives customers the opportunity to get a reliable car at a more affordable price than a new one. Today, the used car loan segment accounts for only about 6% of the market for secured passenger car loans. However, it has become the true growth leader: over the past year, the number of such loans has nearly doubled. Therefore, we see significant prospects for further scaling our presence in this segment,” noted Dmytro Bashtovyi, Director of the Partner Relations Department at Oschadbank.

CARS, LENDING, OSCHADBANK, Select