NovaPay launches a new loan product – Salary Urgent

NovaPay* offers a new service – Salary Urgent – to customers who receive a salary on a NovaPay card as part of a salary project. This product is designed for those who need additional funds before the usual salary date but do not want to overpay for using a loan. You do not need to open a new card or account. The loan is granted to the same account to which your salary is credited.

Access to the service is possible after one month of salary transfers to the NovaPay card. The amount of the limit depends on the client’s income. It can be equal to a monthly salary or calculated individually, depending on other existing loans. You can apply for a loan on any day without any restrictions. The loan term is 1 month. If the client has already taken out a “Salary Urgent” loan, a new loan will be available the very next day after its repayment.

“Salary Urgent” is our response to the needs of our clients for quick financial support without overpayments. Customers can take out a loan for UAH 1,000 to 100,000. Compared to similar market offers, we have a competitive real interest rate of a symbolic 0.00001% per annum, and there is no fee at all,” — says Yana Levada, Director of Business Development at NovaPay.

Employees whose employers are connected to the salary project can apply for the Salary Urgent service easily and quickly in the NovaPay mobile application. To do this, you need to:

• go to the “Loans” section and select the “Salary Urgent” block,
• decide on the loan amount – either to apply for the maximum calculated amount or to reduce it,
• read the terms of the agreement and sign it.

After that, the funds are automatically credited to the card.

You can quickly and conveniently repay the loan ahead of schedule via the NovaPay mobile app, and at a Nova poshta branch. If the loan is not repaid by the end of the term, the amount will be automatically debited from the account – this requires that the account has sufficient funds. We recommend avoiding late payments, as from the first day of the delay, interest on the overdue loan is charged at 120% per annum, and a fine of UAH 500 is added on the 16th day of the delay.

NovaPay is an international financial service, part of the NOVA group of companies (Nova poshta). It has provided online and offline payment services in over 3,600 Nova poshta branches for over 12 years. NovaPay was the first non-bank financial institution in Ukraine to receive an extended NBU license, which allowed it to open accounts and issue cards.

* NovaPay Credit LLC provides the loan. The financial company’s license was reissued by the NBU on 12.03.2024