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Government expands the opportunities of the State Program “Affordable Loans 5-7-9%”

The Cabinet of Ministers supported the Ministry of Finance's proposal to clarify the category of business entities eligible for the 5-7-9% Affordable Loans Program and to remove the limits of maximum loan amount applicable for refinancing at zero interest rate.

According to the government’s decision, the enterprises with an annual income not exceeding EUR 10 million will be able to obtain loans refinancing within the framework of the anti-quarantine support package at 0%. The amount of state support for an enterprise is limited to EUR 200 thousand for any three-year period.

Borrowers have the opportunity to refinance their existing loans at 3%, 5%, 7% or 9% per annum for the period up to 5 years and for the amount of up to UAH 3 million.

From now on, the businesses will be able to defer not only loan redemption payments  but also interest payments.