According to experts, with the best forecasts, no more than 10% of those who received loans secured by real estate will be able to pay off the mortgage.

What did the banks offer?

Many Ukrainian banks from the first days of the war introduced credit holidays, some until the end of March, and then until the summer. Those who took loans within 3 months were allowed not to make the mandatory minimum payment. At the same time, the banks promised not to fine for late payments and not to charge interest for using the loan. At the same time, the client can ignore the credit holidays and continue to service the loan. You can take advantage of interest holidays, you can use the body of the loan.

But credit holidays do not forgive debt and do not reduce the amount of debt.

What are the rules for lending established by the state

To solve the problem of loans, a special law No. 2120 was centrally approved, which, in fact, protects the interests of borrowers.

According to this law:

• Consumers are not liable during martial law and within 30 days after its cancellation for late credit obligations. The delay does not affect the credit history of the borrower.
• Fines, penalties and other payments during martial law are not charged to customers.
• If fines have been accrued since February 24, they must be written off.
• Unless it is provided for by the agreement, it is prohibited to increase the interest rate for the use of the loan in case of default.
• If a person cannot pay the loan for housing, no one has the right to evict him from mortgage housing.

In an open letter dated March 14, the National Bank urges banks, non-banking institutions and collection companies to make concessions to their customers, offer consumer loan debt restructuring or credit holidays.