Oschadbank offers Ukraine's first specialized banking product for veterans

From today, Oschad is the first Ukrainian bank to launch a veteran loan program for micro, small and medium-sized businesses (MSMEs) called Business 4.5.0. It is available to men and women veterans (combatants), veteran's family (spouse, children, parents), and enterprises with more than 30% of their staff being veterans/combatants.

The program includes the following components.

Preferential lending for one’s own business or an existing veteran business on the following terms:

• amount - up to UAH 5 million;
• term - up to 60 months;
• intended use - purchase of fixed assets, repair of premises, replenishment of working capital;
• preferential interest rate under the Affordable Loans 5-7-9% program: 5-9% for investment needs, 13% for working capital, or 4-8% (under the WNISEF program).

Loans for the purchase of a franchise (possible for borrowers without entrepreneurial experience) under the following conditions:

• only accredited franchisors;
• maximum loan term - 120 months;
• equity - at least 30% of the project cost;
• loan amount - up to UAH 5 million;
• loan collateral (fixed assets).

Preferential tariff package for bank account servicing:

• no account maintenance fee until September 30, 2024;
• preferential tariff for money transfers.

Consultations and training:

• support at all stages of business development;
• free consultations with a personal manager;
• training programs and seminars.

"Financial support for veteran businesses is a key area of Oschadbank's assistance in reintegrating Ukraine's defenders into society. According to a survey conducted by the Ukrainian Veterans Fund, 63% of those who are currently defending Ukraine would like to start their own business. The loan product "Business 4.5.0" was created to help unlock and realize the potential of defenders who have returned to civilian life and want to develop their own business, even without any entrepreneurial experience. This is the first specialized loan product for veterans in Ukraine," said Sergii Naumov, Chairman of the Management Board of Oschadbank.

"The reintegration of the military into civilian life involves not only physical rehabilitation but also social adaptation, in particular through work, education, retraining or starting their own business. This program is designed specifically for those defenders of Ukraine who want to start or develop their own business. Oschad offers loan, grant and information support to veterans and their families and will become a financial backbone for their business," said Natalia Butkova-Vitvitska, Oschadbank Board Member in charge of MSMEs.

Learn more about the Business 4.5.0 product or apply here.