The state-owned Ukrgasbank has started issuing mortgage loans for housing in the primary real estate market under the eOselya program, the bank’s press service reports.
According to the report, the first partner of the bank is the developer Fedorchenko Construction Production and Commercial Company LLC with a facility in Sumy.
Since the launch of the state program “eHouse”, Ukrgasbank has issued loans for UAH 2.2 billion to 1.3 thousand families.
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 scientists 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, 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 participate in the eHouse program: Oschadbank, PrivatBank, Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank and Sens Bank. You can apply for participation in the program using the Diia mobile application.
At the end of 2022, the government capitalized Ukrfinzhytlo by UAH 30 billion through the issuance of domestic government bonds. According to Deputy Prime Minister and Minister of Economy Yulia Svyrydenko, this funding is enough to issue 12-15 thousand mortgages in 2023.
At the end of April, the Ministry of Economy, as the sole shareholder of Ukrfinzhytl, approved repo transactions with these government bonds for up to a year in the amount of UAH 15 billion. Later it was reported that the rate on these transactions could be up to 20% per annum, while the government bonds themselves were issued for up to five years at a rate of 19.5% per annum.
