Up to 430,000 without interest: a new lending program for displaced persons
16 February 09:28
The government is launching a mechanism for interest-free loans for 15 years for people who are forced to move to a new place of residence due to emergencies.
This was announced by Ukrainian Prime Minister Yulia Svyrydenko, according to "Komersant Ukrainian".
According to her, the mechanism provides for a one-time interest-free loan of up to 50 minimum wages per family (about UAH 430,000). The repayment period is up to 15 years. The state will compensate banks for interest, so the loan will be interest-free for recipients.
The money can be spent on property, household items, and equipment necessary for proper living conditions in a new home.
Svyrydenko said that in order to take advantage of the support, one of the adult members of the family must submit an application and a certificate of recognition as a victim to the local authority at the place of new residence after evacuation. After reviewing the documents and approval, the funds are paid by an authorized bank, determined by the results of a competition.
The program will apply to all emergencies provided for by law and will provide victims with financial resources to quickly settle in a new place.
