Ukrainian Financial Housing Company (Ukrfinzhytlo) plans to significantly increase its share of clients in the primary real estate market and confirms the possibility of issuing 12 thousand loans under the eHouse program, its press service reports.
“The past year has shown that we have the ability to develop eHouse and adapt it to the requirements of the market and customers. We attracted additional funding, despite the difficulties, and sold a loan portfolio that is only UAH 60 million less than the volume of all mortgage lending in Ukraine in the pre-war successful 2021,” Yevhen Metzger, Chairman of the Board of Ukrfinzhytl, was quoted in the release.
According to him, this program has the financial resources to issue approximately 12 thousand loans in 2024.
“Our task is to expand the terms of the program, and we have already done so (amendments to CMU Resolution No. 856 provide for the use of certificates for destroyed housing as a down payment on eHousing – IF). It is necessary to increase the choice of housing, and it is in the primary market, so that the program works more for the recovery of the state’s economy,” Metzger added.
According to Andriy Tarasenko, Head of the Company’s Partnership Projects and Alternative Products Development Department, 55 apartment buildings from 18 developers have already been accredited by banks under eHouse.
“Our priority is the primary market. New modern housing is in demand among citizens today, and our task is to meet this demand,” emphasized Tarasenko.
In this regard, Ukrfinzhytlo calls on banks that have already joined the program and financial institutions that are considering such an opportunity to shift the focus of lending to the primary market.
As reported, the eHouse affordable mortgage lending program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and researchers can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing.
Starting from August 1, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not have their own housing larger than the standard area can apply for the eHouse program at a 7% interest rate.
Seven partner banks are integrated into this program: Oschadbank, PrivatBank, Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank and SENS. You can apply for participation in the program using the Diia mobile application.
As of January 17, the volume of loans disbursed under eHousing reached UAH 9.993 billion, with loans issued to 6,654 families. At the same time, 29.4% of apartments were purchased from developers: 1,840 in completed buildings and 111 in those under construction.
