Installment plans with extended repayment terms offered by developers are in high demand among homebuyers and are an alternative to government mortgage programs, Ukrainian developers told Interfax-Ukraine.
“In 2024-2025, we are seeing growth in the share of customers who choose long-term interest-free installment plans from KAN Development. This is due to increased buyer confidence in the future, especially given the improved security situation in Kyiv. The eOselya and eVidnovuvannya programs have had a limited impact on our sales so far. Most customers choose other financial solutions, in particular our own programs,” said the KAN Development press service.
In recent years, there has been a growing demand for longer installment plans, noted Irina Mikhaleva, SMO Alliance Novobud. In addition, developers are offering programs with reduced down payments.
“At the start of construction, we can offer longer installment plans—12, 24, or 36 months. This is because, as a rule, installment plans are provided until the project is commissioned. We also frequently receive requests from buyers to reduce the down payment, which can be anywhere from 10% to 50%,” said the expert.
The Kovalskaya Group’s internal installment plans offer a fixed price per square meter for up to five years with a down payment of 30% of the property value. According to the company, they take an individual approach to buyers’ needs.
“Installment plans have become more flexible: if a customer realizes that they will not be able to make monthly payments, we are open to dialogue and ready to work together to find a convenient solution. It is possible to agree on an individual schedule, for example, to extend the installment period, temporarily reduce the amount of payments with a subsequent return to standard payments, restructure the loan, or exchange the apartment for another of the same size or in another construction project,” explained the developer.
The company “RIEL” in the second launch complex of the capital’s Brother project offers buyers the opportunity to purchase housing in installments until the facility is put into operation in the second quarter of 2028, noted Alla Chipak, sales coordinator at “RIEL” in Lviv. In addition, in some residential complexes, the down payment has been reduced to 10% of the apartment price.
Given the popularity of the developer’s renovation option, Intergal-Bud also offers the possibility of paying for renovations in installments along with the apartment, said Anatoly Kovrizhenko, deputy commercial director of Intergal-Bud.
According to the DIM group of companies, developer lending programs with extended installment terms are an alternative to state mortgage programs with loan limits. The company has its own financial programs, under which the down payment is 30% of the cost of the property, and the installment period is up to five years.
In addition, DIM offers a long-term installment plan of up to 10 years.
“In early June, we launched a long-term installment plan in hryvnia for a period of 10 years, with the option of early repayment, price fixing in hryvnia, fixing the price per square meter in the contract, without linking it to the exchange rate or market price increases, with a fixed interest rate of 10% per annum in hryvnia and a down payment of 30%. It was planned to launch as a pilot project for two months, testing it in large residential complexes such as Metropolis, Lucky Land, and Park Lake City. However, we received quite a few inquiries from buyers, which turned into real deals, so we continued the program until the end of the summer,” said Alexander Nasirovsky, managing partner of DIM.
