“Salary Urgent” – for a longer period: NovaPay makes it possible to defer payments

At the beginning of the year, NovaPay* created a loan product for participants in salary projects that allows them to receive additional funds without overpayments until the day of salary payment. Now, the company offers the opportunity to refinance the “Salary Urgent” loan. Customers who do not have time to repay the money on time can defer loan repayment and split the remaining debt into convenient monthly amounts – up to 11 equal installments.

You can apply for refinancing in the application 3 days before the scheduled repayment date of “Salary Urgent”.

The loan can be refinanced for the entire “Salary Urgent” loan amount, but not less than UAH 1,000, including accrued interest and penalties. The maturity period is from 1 to 11 months. The interest rate is a symbolic 0.00001% per annum, and the monthly loan fee is 3.5%. If the payment is overdue on the 5th day, a fine of UAH 150 is charged.

How to apply for a loan refinancing:

• in the NovaPay app, go to the active “Salary Urgent” loan in the “Loans” section and click “Defer the loan”;
• select a convenient payment period in the calculator;
• read the terms of the agreement and sign it.

You can repay the loan anytime via the mobile app, using your IBAN details, or in cash at a Nova poshta branch. Automatic repayment on the scheduled date is also available. The maximum loan amount is UAH 120,000, and the effective interest rate is 98.31% annually.

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 almost 13 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, licensed by the NBU on 12.03.2024, provides the loan service.