Ukraine will simplify loan repayment for IDPs: what are the conditions and who can use the service
The Cabinet of Ministers has supported easing the terms of consumer loan repayment for IDPs. Find out more about the new conditions and who will be able to count on them
The Government of Ukraine has supported a draft law to simplify loan repayment terms for temporarily displaced persons and people living in war-affected areas. We will tell you how and who exactly will be able to use the service.
First of all, we are talking about loans taken out by consumers for such purposes as medical treatment, home repairs, purchase of household appliances, vacation, education, etc. Such loans do not require collateral in the form of real or personal property. But the interest rate on them is often extremely high: 50-100% per annum.
That is why the government decided to ease the conditions for all consumer loans, except for those that have already been restructured:
- those that have already been restructured or repaid,
- those taken for the purpose of purchasing a home/car,
- those with a low annual interest rate.
Who can count on such services?
- people who are registered as internally displaced persons;
- persons who permanently reside or have already left the territory where hostilities are (were) conducted, or who reside in the temporarily occupied territories;
- persons who have no overdue debt as of February 24, 2022.
Under what conditions can loan repayment be simplified?
1. State and social financial assistance and/or pension provision; charitable assistance is the only source of income for the consumer and his/her family members;
2. The consumer or a member of his/her family is a person with a disability caused by war and the total income of the consumer and his/her family members does not exceed two minimum wages.
The government also proposes to establish a rule prohibiting creditors and collection companies from taking measures to settle overdue debts during the period of martial law and within 30 days after it.
It is also important that the Cabinet of Ministers supported the amendments that stipulate that the income received as a result of such restructuring is not taxable.
It is worth noting that the document will be submitted to the Verkhovna Rada in the near future and will come into force as soon as the deputies approve the proposal.
We will remind you! Internally displaced persons in Ukraine can apply for a subsidy to pay for housing and utility services at their place of residence. To learn how to do this, follow the link.
Our products and cooperation:
Visit Ukraine Tours is the largest online database of tours in Ukraine for every taste;
Visit Ukraine Merch - patriotic clothing and accessories with worldwide delivery;
Visit Ukraine Tickets - book airline tickets to anywhere in the world, as well as bus and train tickets;
Cooperation – cooperation and advertising integrations with the Visit Ukraine and Visit World projects.
Millions of Ukrainian citizens who have been forced to move abroad can now find study or work opportunities, visit volunteer hubs, plan joint excursions, and more in one app - Iʼm Ukrainian. Learn more about how the app works and in which countries it is available
23 Feb. 2023More details
1 minFor refugees
Citizens of Ukraine who have been granted temporary protection status in Montenegro must apply in person to the country's Ministry of Internal Affairs offices to obtain a new asylum document. Find out what you need to extend your protection and how to do it
23 Feb. 2023More details
2 minWay to Victory
Today, February 24, marks exactly one year since russia's criminal full-scale invasion of Ukraine. This attack was the culmination of a war of aggression that has been going on for 9 years. Here are the key events that have already gone down in history
24 Feb. 2023More details
1 minWay to Victory
It is not for nothing that they say that a friend in need is a friend. The war has shown who has become a true friend and helper for Ukraine. Many countries continue to provide us with the necessary assistance and support. Here's who and how has been supporting Ukraine for more than a year of the full-scale invasion
24 Feb. 2023More details
The simultaneous stay of visitors in the hotel lobby not more than one person per 10 square meters of serviceable area is allowed.
Persons can visit hotels and stay there (outside hotel room) only if they wear respirator or face mask (including homemade mask), so that the nose and mouth are covered.
Hotel guests are obliged to keep the 1.5 meters distance.
Online check-in making in advance is recommended to avoid queues at check-in to hotel.
Meals in hotels are provided through meals delivery service to rooms upon prior order or at hotel restaurants situated inside or in open areas, provided the distance of at least 1.5 meters between seats at adjacent tables.
Not more than 4 clients are allowed to stay at the table (excluding children under 14 years old). Unless these tables are separated by a special partition;
Self-serve is not allowed.