Mortgage at 7%: Council of Ministers simplified criteria for borrowers

Now, not only young families, displaced people, scientific and pedagogical workers, doctors or state employees can participate in the program.

Cabinet has modified the Procedure to reduce the cost of mortgage loans, simplifying the criteria for borrowers. This was reported by the Government website on Monday, February 15.

“In the first place, the resolution adopted provides for the exclusion from the definition of the categories of people who can be borrowers. That is to say: now, to participate in the program” Affordable Mortgage “at 7%, it is not necessary to be registered in the department , being a young family, an internally displaced person, a scientific and pedagogical employee, a doctor or a public sector employee ”, it was reported.

In addition, the requirement not to exceed the provision of housing at the level of 13.65 square meters. meters by a family member or living in a shelter by residents of emergency and dilapidated homes.

“The government decision significantly simplifies the criteria for potential borrowers of the new mortgage program. Therefore, affordable 7% mortgages become even more affordable, and a wide range of citizens will be able to take advantage of government support in the field of mortgage loans.. In addition, the resolution introduced a series of technical amendments proposed by the banking community. It is a continuation of the constructive dialogue on the rapid and effective launch of affordable mortgages, “explained Deputy Finance Minister for European Integration, Yuriy Draganchuk writes UNN.

We will recall that previously the Cabinet of Ministers approved an affordable mortgage of up to 7% per year. The resolution was approved at the initiative of Zelensky, who set himself the task of lowering the interest rate.

It was also reported that Ukraine has expanded the possibilities of banks for mortgage loans. The NBU made it possible to evaluate small loans that do not create significant risks, according to a simplified procedure, even if the bank has not yet accumulated a large portfolio.

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