Ukraine launches interest-free loans for displaced citizens

Ukraine launches interest-free loans for displaced citizens

Photo: Getty Images

The Ukrainian government is introducing a new program of interest-free loans for citizens forced to relocate due to emergencies. The funds are intended to help families settle into new homes and restore everyday stability.

According to Prime Minister Yulia Sviridenko:

"The state’s goal is to help people return to normal life faster and ensure household stability for families."

Loan terms:

One-time, interest-free loan;

Amount – up to 50 minimum wages per family (around UAH 430,000);

Repayment period – up to 15 years;

Usage – for household items, furniture, and equipment for the new home;

Interest compensation – covered by the state.

How to apply:

A family member over 18 applies to the local authority in the new place of residence;

Submit an application and an evacuation certificate;

Wait for approval of the documents;

Receive funds through an authorized bank.

The program covers all emergencies defined by law. The Ministry of Internal Affairs will soon publish detailed instructions and the list of required documents.

Context:

Recent legislation also sets new rules for mandatory evacuation from conflict zones, including children and other vulnerable groups. For example, over 3,000 children with their families are expected to be evacuated from some communities in Zaporizhzhia and Dnipropetrovsk regions, while about 13,800 residents remain in certain frontline communities in Donetsk region.

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