The eOselia (eHousing) affordable mortgage lending programme has received full funding for this year. According to Ukrfinzhytlo company, at least 10,000 Ukrainian families will be able to receive a preferential mortgage by the end of the year. Therefore, those Ukrainians who have been denied a loan due to lack of funding are advised to reapply in Diia.
“We see how much the programme is in demand among the people. They want to build their lives in Ukraine despite the war. That is why the Government, together with Ukrfinzhytlo, has found opportunities and raised additional funds for the programme, both on the open financial market and through loans. We continue to work to ensure that international investment will continue to come to this area in the future,” said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.
The affordable mortgage lending programme is now available to representatives of certain professions as well as to people who do not own housing or want to improve its conditions. For contract service members of the Armed Forces of Ukraine, teachers, doctors and scientists, the preferential rate is 3% per annum on the secondary or primary market. For other categories – combatants, veterans, IDPs and other citizens – the mortgage rate is 7%.
According to Ukrfinzhytlo, borrowers applying for a 7% mortgage can choose an apartment in a building not older than three years at the time of the contract conclusion or one under construction.
The eOselia programme was launched in October last year. Since then, 2,475 Ukrainian families have purchased their own homes for a total of UAH 3.4 billion. The pace of loan disbursement increased in May, when the programme began to resume funding thanks to additional funds raised.
eOselia is implemented by the Ministry of Economy, the Ministry of Digital Transformation, Ukrfinzhytlo and Diia.