In order to attract more participants in the state programs Affordable loans 5-7-9% and Affordable mortgage 7% October 21, the Government of Ukraine made important changes dated 21 October:
- 5-7-9% program becomes even more accessible for sole proprietors with small (up to UAH 1 million) but expensive loans, which will now be redeemed by the state from 23% to 12% per annum,
- from now on, entrepreneurs will be able to attract affordable financing for investment purposes through financial leasing,
- 5-7-9% program can be combined with regional SME development programs, increasing the amount of state support through a combination of funds from state and local budgets,
- under the Affordable Mortgage Program 7%, the age limit for real estate has been cancelled (except for cities with a population of millions, 10 years for them),
- the limit of possible excess of the area of the mortgage subject was increased from 20% to 40% of the normative value.
All these changes will inevitably affect the expansion of the investment component of the Program 5-7-9% and increase mortgage lending.
The programs are implemented by Fund for the implementation of state policies, to be formed by the Ministry of Finance of Ukraine..
Read more: https://bit.ly/3jJoqh2