Guarantees for developers

Program "Guarantees for construction customers in compliance with the Law of Ukraine "On guaranteeing real property rights to future real estate objects"

Credit product parameter	Description
Purpose	A guarantee in favor of persons who, according to the transactions concluded after the entry into force of the "Procedure for the Application of the Law of Ukraine 'On Guaranteeing Real Property Rights to Future Real Estate Objects and Their Components, Which After Commissioning the Completed Construction Object Will Become Independent Real Estate Objects (apartment, garage box, other residential or non-residential premises, parking space, etc.)'", approved by CMU Resolution No. 596 dated June 13, 2023 (hereinafter - the Procedure), acquire the right to receive the construction object or its components into ownership after the commissioning of the completed construction object, ensuring that there are no third-party rights to such objects or the rights of legal entities that attracted funds through the alienation of property rights (hereinafter - the Guarantee) - a method of securing obligations, according to which the Bank, as the guarantor bank, undertakes a monetary obligation to the beneficiaries to pay funds in the event of a guarantee case.
Form	Guarantee on paper and/or as an electronic document, signed with a qualified electronic signature of the authorized person of the Guarantor Bank and a qualified electronic seal of the Guarantor Bank with a time stamp (hereinafter collectively - the Guarantor Bank's QES)
Principal	Legal entities – construction customers (or persons to whom the construction customer's rights are transferred) who meet the following requirements: no information on bankruptcy proceedings; no overdue debt on loans according to the credit history bureau; no public arrests.
Type of operation	Guarantee
Guarantee term	For a term of at least three years during the construction of the object, but in any case, until the date of commissioning of the completed object, and at least one year from the date of commissioning
Transaction currency	UAH
Transaction amount	At least 10% of the cost of all future real estate objects, for which a special property right is registered for the customer, calculated as the product of the total area of these future real estate objects multiplied by the average construction cost of housing as of the date of issuance of the guarantee.
Security	Cash coverage of 10% of the guarantee amount for clients accredited in the Bank under targeted retail lending programs "Housing on Credit" (primary market) and "eOselia"; Cash coverage of 30% of the guarantee amount for clients not accredited in the Bank under targeted retail lending programs. Additional security (if necessary): property rights to funds placed in a deposit account of a legal or individual entity; mortgage of immovable property/pledge of movable property; guarantee of a legal or individual entity.
Commission	Commission for providing the guarantee: for clients accredited in the Bank under targeted retail lending programs "Housing on Credit" (primary market) or "eOselia"; - From 3.5% of the guarantee amount, but not less than 1,500.00 UAH, paid once on the day of providing the guarantee for clients not accredited in the Bank under targeted retail lending programs Commission for changing the guarantee conditions – not less than 500 UAH for each change in the Bank Guarantee conditions.

List of documents for the program "Guarantees for construction customers in compliance with the Law of Ukraine 'On guaranteeing real property rights to future real estate objects'" (41.21 Kb)