NovaPay launches autopayments for package loans.

Fintech company NovaPay has added a new feature to its mobile app that allows users to set up automatic payments for loans on goods received through Nova Poshta.

According to the company's press service, this new feature significantly simplifies the loan repayment process, as customers no longer need to remember the dates of mandatory payments.

The "Package Loan" service was launched a year and a half ago and has already gained popularity among Ukrainians. During this time, more than 40 thousand people have taken advantage of the opportunity to obtain a loan for goods delivered by Nova Poshta. In total, 170,000 such loans have been issued.

Statistics show that the main users of the service are people aged between 26 and 45, accounting for 60% of the total number of borrowers. It's interesting to note that men dominate among clients, making up 56% of users.

Most commonly, gadgets and accessories, household appliances, and auto parts are purchased on credit. The average receipt for such transactions is 6300 hryvnias. The maximum loan amount can reach 100,000 hryvnias, with a loan term of 12 months. The lending conditions seem attractive: the annual rate is only 0.1%, but it is important to consider the monthly commission of 3.5%.

Geographically, the service is most popular in Kyiv and Kyiv region, as well as in Dnipropetrovsk, Odesa, Kharkiv, and Poltava regions.

To set up autopayment, users simply need to go to the "Loans" section in the NovaPay app, select "Package Loan" and the desired loan, and then activate the autopayment function. The system will automatically suggest the date and amount of payment, which can be adjusted if desired.