eOselia: Ukrainians have taken out UAH 12 billion in mortgage loans

7,800 Ukrainian families have taken out UAH 12 billion in loans under the eOselia (eHousing) programme, 20% of which were on mass mortgage terms at 7% interest rate. A quarter of loans were issued last week for the purchase of apartments in the primary market. This was reported by Deputy Minister of Economy of Ukraine Nadiia Bihun.

“Loans for the purchase of housing under the eOselia programme have already been taken out by 7,800 Ukrainian families for a total of UAH 12 billion. 20% of borrowers took them on the terms of a mass mortgage – at 7%, which is available to all our citizens who do not have their own housing or need to improve it. I would like to note that more and more people are taking out loans to buy housing from a developer or apartments in houses under construction, i.e. in the primary market. Last week alone, a quarter of loans were issued for the purchase of such apartments. And this is a very good trend, because by issuing affordable mortgage loans, we not only help people buy housing, but also stimulate the development of housing construction and related industries, which helps to boost the economy,” Nadiia Bihun said.

Last week, Ukrainians received 204 loans worth UAH 351 million under the eOselia programme, including:

• 115 military and security personnel, 15 teachers, 14 doctors and 2 scientists received loans at 3%;
• 47 Ukrainians without their own housing, 5 IDPs and 6 veterans received loans at 7% interest rate.

Most often, loans were taken out to purchase housing on the secondary market (150 loans), while 45 Ukrainians took out a loan to buy an apartment from a developer, and 9 took out a loan to buy an apartment in a building under construction.

Most mortgage loans were taken out by residents of:

• Kyiv region – 48
• Kyiv city – 46;
• Odesa region – 16;
• Lviv, Poltava and Rivne regions – 11 each.

Today, the affordable lending programme is available to representatives of certain professions and citizens 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. For other categories – combatants, veterans, IDPs and other citizens – the mortgage rate is 7%.

Background

The eOselia programme was launched in October 2022. The programme is implemented by the Ministry of Economy jointly with the Ministry of Digital Transformation and Ukrfinzhytlo. The partner banks of the eOselia are Oschadbank, Privatbank, Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank and Sense Bank.