FAQs
Loans
What is «Payment by Parts» and «Instant Installment»?
It is the service with which a merchant company can sell products and services in installments.
To whom the «Payment by parts» and «Instant Installment» service is available?
To PrivatBank customers with the limit under the «Payment by parts».
For what amount can a payer issue «Payment by parts» and «Instant Installment»?
Purchase amount per loan is:
- minimum – UAH 300;
- maximum – UAH 300,000.
How many payments can be set for «Payment by parts» and «Instant Installment»?
Minimum 2 - maximum 25.
What is the tariff for the merchant?
For «Payment by parts»:
- service connection is for free;
- service fee depends on the number of payments + the acquiring fee.
For «Instant Installment»:
- service connection is for free;
- acquiring fee (no service fee).
What is the payer’s interest rate for using «Payment by parts» and «Instant Installment» loans?
Monthly interest rate on the total amount specified in the agreement is:
- for «Payment by parts» – 0.01%;
- for «Instant Installment» – 1.9%.
Where to find the instructions for working in a personal profile of the «Payment by parts» service?
The instructions are in the API description, «Where to start?» section. You can download them at the link.