Changes in Pivdenny Bank mortgage lending terms

From 11 May 2021, the updated Pivdenna Mriia mortgage lending programme will come into force at Pivdenny Joint-Stock Bank.

The main changes in the consumer credit information of Pivdenna Mriia are as follows:

1. The maximum loan amount from now on is:

• up to 75 % of the market value of the mortgage for loans to purchase real estate;
• up to 50 % of the market value of the mortgage for other consumer loans.

2. Maximum loan periods depending on the loan purpose are:

• up to 240 months for mortgage loans to purchase real estate;
• up to 84 months for other consumer loans.

3. Updated interest rates and approved transition to a variable rate.

In case of a down payment in the amount of over 50 % of the market value of the mortgage in the first year of lending, the interest rate is fixed at:

• 11 % for clients who receive income via Pivdenny bank and fall under the categories of Employee, Sailor or Premium;
• 12.5 % for other individuals.

In case of a down payment in the amount of 25-50 % of the market value of the mortgage in the first year of lending, the interest rate is fixed at:

• 11.5 % for clients who receive income via Pivdenny bank and fall under the categories of Employee, Sailor or Premium;
• 13 % for other individuals.

From the second year of lending, the interest rate is variable and equal to:

• + 4.5 % for loans to purchase real estate to be mortgaged, UIRD12M (UAH);
• + 5 % for construction, repair or refinancing loans, as well as other consumer loans or loans to purchase real estate that is not mortgaged, – UIRD12M (UAH), where UIRD12M (UAH) is a Ukrainian index of rates on individual deposits in hryvnia (UAH) for 12 months. Data on the UIRD index value are published on the official website of the National Bank of Ukraine https://bank.gov.ua.

4. The one-off fee for the loan settlement service will be 1 %.
5. The fee for verification of documents has been cancelled.

Read more about mortgage lending and tariffs in the relevant sections of the website:

• Mortgage Lending;
• Consumer Mortgage Loans;
• Refinancing Loans/Lending.