Individual entrepreneurs can apply for a loan through the NovaPay mobile application

NovaPay simplifies access to finance for businesses. Entrepreneurs who cooperate with Nova poshta and NovaPay can now apply for a loan directly in the NovaPay* mobile application*.

“In 2024, our entrepreneurial clients received UAH 281.4 million in loans from NovaPay. The demand for financing continues to grow, and now we are making the process even easier – you can apply for a loan directly in the NovaPay app in a few clicks. Previously, you had to apply through the website, but now everything is fast, convenient, and affordable for business”, – comments Yana Levada, Head of Business Development at NovaPay.

To apply for a loan in the app, you need to:

• have an open individual entrepreneur account;
• in the NovaPay app, in the ‘Loans’ menu, view the available limit and terms;
• apply, after which the manager will contact you to help with the process.

Loans for individual entrepreneurs from NovaPay are available for UAH 100,000 to UAH 2,000,000 with a maturity of 12 months. The interest rate on the loan is 28% per annum, and there are no fees for the loan and early repayment. The loan is repaid in equal monthly installments. The service is available to individual entrepreneurs who are residents of Ukraine and cooperate with Nova poshta and NovaPay.

The app allows you to manage your loan, view details, and conveniently repay it.

Last July, NovaPay allowed entrepreneurs to open a payment account in its app. The functionality allows you to easily and quickly get a virtual business card and online access to major financial services, issue powers of attorney, and deposit and withdraw cash from your account at Nova poshta branches with a barcode in the NovaPay app.

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

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