Affordable loans 5-7-9%
Targeted lending programme for small and medium-sized business customers under the “Affordable Loans 5-7-9%” Programme, implemented by the Government of Ukraine at the initiative of the President of Ukraine through the National Development Institution
Loan purpose: acquisition of fixed assets – machinery (agricultural and construction machinery, commercial vehicles) and equipment sold through the Bank's accredited Partners – machinery and equipment dealers/manufacturers, as well as the acquisition of non-residential real estate for business purposes
Maximum loan amount – UAH 5,000,000.00. The loan amount may be increased subject to additional approval
Currency: UAH
Maximum loan term: 5 years
Borrower's own contribution:
Fees payable by the Borrower on the date of conclusion of the loan agreement from the Borrower's own funds:
These terms and conditions apply in accordance with Resolution of the Cabinet of Ministers of Ukraine No. 28 dated 24 January 2020 as amended and supplemented.
State Programme “Affordable Loans 5-7-9%”
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Energy Equipment for Businesses
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Energy Equipment for Condominium Associations and Housing Cooperatives
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Improving Energy Efficiency
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Dental Equipment Financing
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Program Supported by the Kyiv Regional State Administration
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Program Supported by the Lviv Regional State Administration
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Program Supported by the Kyiv City State Administration
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Program Supported by the Vinnytsia Regional State Administration
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Program Supported by the Chernivtsi Regional State Administration
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Program Supported by the Cherkasy Regional State Administration
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Program Supported by the Zaporizhzhia Regional Military Administration
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Loan purpose: acquisition of fixed assets – machinery (agricultural and construction machinery, commercial vehicles) and equipment sold through the Bank's accredited Partners – machinery and equipment dealers/manufacturers, as well as the acquisition of non-residential real estate for business purposes
Maximum loan amount – UAH 5,000,000.00. The loan amount may be increased subject to additional approval
Currency: UAH
Maximum loan term: 5 years
Borrower's own contribution:
- “existing business” - own contribution of at least 20% of the machinery value
- “start-up” (registered for less than 12 months) - own contribution of at least 30% of the machinery value
Compensatory interest rate:
- 7% per annum for enterprises whose annual income from financial activities does not exceed the equivalent of EUR 10 million;
- 9% per annum for enterprises whose annual income from financial activities exceeds the equivalent of EUR 10 million but does not exceed EUR 50 million;
Base interest rate: UIRD 3 months + 4%/3%/2% (for micro/small/medium-sized enterprises, respectively);
Increased base interest rate (% per annum): 20% per annum (applies throughout the entire loan term if the Base Interest Rate is less than 20%).
Fees payable by the Borrower on the date of conclusion of the loan agreement from the Borrower's own funds:
- loan arrangement fee: 0.75% of the loan amount, charged once;
- loan servicing fee: 0.75% of the loan amount, charged once.
Collateral requirements:
- The collateral for the loan is a pledge of the machinery purchased using the loan funds (the pledge agreement is executed without notarisation).
- The market value of the machinery is determined based on the value specified in the invoice (sale and purchase agreement).
- For individual entrepreneurs, a spousal guarantee is required.
- For legal entities, a guarantee must be provided by the founder or the ultimate beneficial owner(s) holding the largest share(s) in the Borrower's authorised capital.
- Individual entrepreneurs with annual income of up to UAH 50 million applying for a loan of up to UAH 500,000 may obtain a loan without providing collateral, subject to a mandatory guarantee.
These terms and conditions apply in accordance with Resolution of the Cabinet of Ministers of Ukraine No. 28 dated 24 January 2020 as amended and supplemented.