Attorney
Specialist in bankruptcy of individuals and legal entities. Provides legal support in bankruptcy procedures for individuals, private limited liability companies, legal entities, as well as closing executive proceedings, concluding restructuring and settlement agreements with financial institutions
Restructuring of foreign currency loan Privatbank
For many Ukrainians who took foreign currency loans from Privatbank, the instability of the exchange rate became a serious problem. The sharp rise in the US dollar and other currencies has caused the amount owed on borrowers to multiply, making repayment impossible for many people.
What can be positive legal solutions for the borrower?
Fortunately, there are legal ways for Privatbank foreign currency loan borrowers to improve their financial situation. One of these ways is credit restructuring.
Restructuring is the process of changing the terms of the loan agreement to make it more profitable for the borrower. This may include:
- Extending the credit term. This gives the borrower more time to repay the loan, resulting in lower monthly payments.
- Lower interest rate. This can make the loan more affordable to service.
- Fixing the exchange rate or transferring the loan into hryvnia. This protects the borrower from further increases in the exchange rate.

The process of credit restructuring at Privatbank
- Appeal to the bank. The borrower must submit an application for loan restructuring to Privatbank.
- Submission of documents. The bank will require the borrower to provide a number of documents confirming his financial situation.
- Talks. The bank and the borrower are negotiating new terms of the loan.
- Conclusion of a new contract. After reaching an agreement, the parties conclude a new loan restructuring agreement.
Why is it important to get a lawyer involved?
The process of restructuring a foreign currency loan in Privatbank can be long and legally complex. Involving a lawyer in the process can help you:
Understand your rights and obligations:
- A lawyer can explain all the nuances of the law on credit restructuring and help you protect your interests.
- He can review your loan agreement and other documents to make sure your rights are not being violated.
- A lawyer can also help you understand all the risks and consequences of loan restructuring.
Collect the necessary documents:
- Collecting the necessary documents for loan restructuring can be a difficult and time-consuming task.
- A lawyer can help you collect all the necessary documents.
- A lawyer can also help you obtain necessary certificates and other documents from government authorities and other institutions.
To negotiate with the bank:
- Negotiations with the bank about new loan terms can be difficult and emotional.
- A lawyer can represent your interests during negotiations with the bank and help you get the best restructuring terms.
- He can help you clearly state your financial situation and explain why you cannot service the loan on current terms.
- A lawyer can also help you protect yourself from pressure and unfair demands from the bank.
Appeal against the bank’s actions:
- If the bank is uncooperative or offers unfair restructuring terms, a lawyer can help you challenge the bank’s actions in court.
- He can file a lawsuit and represent your interests in court hearings.
- A lawyer can also help you gather evidence and justify your position in court.
Protect your assets:
- In case of inability to pay the loan, the bank may try to confiscate your property.
- An attorney can help you protect your assets from seizure.
- He can advise you on your legal rights and help you develop a strategy to protect your property.
Reduce stress:
- The loan restructuring process can be very stressful.
- A lawyer can help reduce your stress by taking over most of the negotiations and all of the legal work.
- It can also provide you with emotional support and help you stay calm and focused.
The involvement of a lawyer in the process of credit restructuring in Privatbank can significantly increase your chances of success. A lawyer can help you understand your rights, protect your interests and get the best restructuring terms.
What will the borrower receive after a successful restructuring of a foreign currency loan from Privatbank?
Successful restructuring of a foreign currency loan can help the borrower:
- Reduce monthly payments. This can make it easier to service the loan and free up funds for other needs.
- Avoid late payments. Late payments can negatively affect the borrower’s credit history and lead to additional penalties.
- Save property. In case of inability to pay the loan, restructuring will help to leave the property in the ownership of the borrower.
If you need advice or a price for the restructuring of a Privatbank foreign currency loan – fill out the form below.
Calculate the cost of services
1 question
Does your debt exceed UAH 180,000?
2 question
Do you need help from a loan lawyer?
3 question
Are you in Kyiv or Kyiv region?
Is it possible to go through the bankruptcy procedure if the debt is less than 180,000 UAH?
Bankruptcy can be filed regardless of the amount of debt — there are no minimum limits set by law. However, if the amount of debt is less than UAH 180,000, it is usually more advisable to agree on debt restructuring, as bankruptcy may be economically unprofitable.
If I am not in Kyiv, can I cooperate with you?
Yes, we work remotely throughout Ukraine and even with clients abroad! We have many clients from Lviv, Odessa, Dnipro, Kharkiv, Cherkasy and other settlements.
Communication is carried out in any way convenient for you.
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