Oschadbank offers a new mortgage program with a floating rate

From now on, Oschad offers a loan for the purchase of housing with a floating interest rate. The program is available to all clients regardless of social category, preferential status or ownership of housing. It does not impose any restrictions on the cost per square meter, age of the property or total housing area.

The interest rate under the new mortgage program for the first year is 16.99%. Starting from the second year, the rate under this program consists of two parts: a fixed part (4%), which remains unchanged during the term of the loan agreement, and the UIRD3m index. All other terms and conditions of the mortgage products remain unchanged.

UIRD3m is the Ukrainian index of retail deposit rates, which will be recalculated once a quarter during the term of the agreement. The index is calculated on the basis of nominal rates for term deposits of individuals in hryvnia, which are valid in the 20 largest Ukrainian banks.

“Our goal is to meet the needs of Ukrainians in purchasing their own housing or improving their living conditions to the fullest extent possible. We have developed and implemented another mortgage program that will allow you to invest in your own home on favorable terms adapted to the market and move in tomorrow. Currently, Oschadbank has a whole range of different mortgage programs: the state mortgage program eOselya, its own fixed-rate programs, and now floating-rate programs,” comments Anton Tiutiun, Deputy Chairman of the Management Board of Oschadbank.