Each bank that signs the Memorandum on the Development of Lending will introduce its own loan program at 13.5% per annum

Each bank that signs the Memorandum on the Development of Lending for the Restoration of Energy Infrastructure will introduce its own loan program at 13.5% per annum.

This was stated by Serhii Mamedov, vice President of the Association of Ukrainian Banks and Chairman of the Board of GLOBUS BANK, on the air of "Suspilne".

According to him, on Friday, July 5, leading banks signed an important addition to the Memorandum, according to which they committed to establishing uniform and affordable conditions for providing energy loans. According to the terms of the Memorandum, the interest rate for the first year of lending will not exceed 13.5% per annum, and from the second year, the rate will be variable but not higher than 16.5% per annum.

The banker reported that Globus Bank has already reduced the rate under the "Energy Infrastructure Restoration" program to 13.5% per annum. He emphasized that this program is designed for associations of co-owners of multi-apartment buildings that participate in the "Energy Home" and "Green Home" programs from the Energy Efficiency Fund. The loan conditions enable HOAs to take out a loan for up to 5 years for an amount of up to 3 million UAH to implement energy efficiency projects, purchase and install solar panels and heat pumps.

"Due to the significant reduction in the interest rate, by mid-August, it is planned to process up to 20 loan applications from HOAs in the Lviv, Volyn, and Mykolaiv regions under this program. And by the end of the year, processing about 100 loans will be considered a good result," Serhii Mamedov emphasized.