Affordable loans 5-7-9%

Answers to the questions you may have

• What needs can I get a loan for?

  Investment purposes:

  • acquisition and/or modernization of fixed assets, with the exception of the acquisition of vehicles (other than those that will be used for commercial and production purposes);
  • acquisition of non-residential real estate for the purpose of carrying out economic activities without the right to transfer such real estate for paid or free usage to third parties;
  • implementation of construction, reconstruction, repair in premises in which the main economic activity is carried out (except the office premises), which, by right of ownership or use, belong to the customer;
  • acquisition of objects of intellectual property rights under commercial concession (franchising) agreements related to the implementation of an investment project;
  • financing of working capital, when the need for such working capital is an integral part of the costs of an investment project, with a volume of no more than 25% of a project cost financed from credit funds;
  • refinancing of investment projects.

  Anti-crisis measures:

  • investment goals related to the implementation of activities for the production of medicines and/or medical devices and/or medical equipment, as well as to refinance debt on a loan provided for the purposes specified in this paragraph;
  • financing of working capital.

  Refinancing:

  • loans are provided for refinancing debt on loans, including PUMB.
• What does the rate depend on?

  ​The rate depends on the purpose of financing, the annual amount of income from business activities and changes in the number of jobs during the financing period.

   

  Conditions

  Group 1

  Purpose of the loan (in accordance with paragraph 5 of these conditions)

  anti-crisis measures:

  The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia

  from 0 to 100 (inclusive)

  Minimum increase in jobs, workers

  -

  Compensation interest rate, per annum

  3%

   

  Conditions

  Group 2

  Purpose of the loan (in accordance with paragraph 5 of these conditions)

  investment goals:

  The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia

  from 0 to 50 (inclusive)

  Minimum increase in jobs, workers

  2

  Compensation interest rate, per annum

  5%***

   

  Conditions

  Group 2

  Purpose of the loan (in accordance with paragraph 5 of these conditions)

  investment goals:

  The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia

  from 0 to 50 (inclusive)

  Minimum increase in jobs, workers

  -

  Compensation interest rate, per annum

  7%**

   

  Conditions

  Group 2

  Purpose of the loan (in accordance with paragraph 5 of these conditions)

  investment goals:

  The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia

  from 0 to 50 (inclusive)

  Minimum increase in jobs, workers

  -

  Compensation interest rate, per annum

  9%**

   

  Conditions

  Group 3

  Purpose of the loan (in accordance with paragraph 5 of these conditions)

  refinancing

  The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia

  up to 10 million euros

  Minimum increase in jobs, workers

  saving 80% of jobs and 60% of the wage bill

  Compensation interest rate, per annum

  0%*

  Conditions	Group 1	Group 2			Group 3
  Purpose of the loan (in accordance with paragraph 5 of these conditions)	anti-crisis measures:	investment goals:			refinancing:
  The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia	from 0 to 100 (inclusive)	from 0 to 50 (inclusive)			up to 10 million euros
  Minimum increase in jobs, workers		2			saving 80% of jobs and 60% of the wage bill
  Compensation interest rate, per annum	3%	5%***	7%**	9%**	0%*

  ^* valid until March 31, 2021, and after this date – on the terms determined by the Bank in the loan agreement (at the Bank's standard interest rate).
  ^** the interest rate decreases or increases following the results of the quarterly review by the Bank by 0.5% for each created/reduced SME workplace, while it cannot be lower than 5% per annum and cannot be higher than 7% or 9% per annum, respectively.
  ^*** increases by 1% for each full-time employee who has been laid off, but cannot be higher than 7%.

• Who can join the program?

  PUMB provides loans under the program to legal entities – representatives of small and medium-sized businesses that meet the following criteria:

  Eligibility criteria

• Who can’t join the program?

  Business entities that do not meet the bank's requirements and eligibility criteria that are defined by the Program can't be recipients of state support and also can't participate:

  • industries defined by the current legislation on state support as prohibited;
  • legal entities, whose founders and ultimate beneficiaries are individuals – non-residents of Ukraine;
  • persons who have outstanding debts to the state or local budget, the Pension Fund, compulsory state social insurance funds;
  • persons with a negative credit history and overdue loans;
  • persons in respect of whom the bankruptcy/insolvency proceedings have been opened and/or are in a state of reorganization/liquidation;
  • persons who have received government support over the past 3 years, which exceeds the amount equivalent of 200 thousand euros (in total for the group of related enterprises);
  • persons whose accounts are seized or blocked, or in respect of whom there are public encumbrances in the state register of encumbrances of movable property;
  • other restrictions that are directly established by the current legislation of Ukraine.
• Is the loan issued already at the specified rate or the interest compensated during the term of the agreement?

  The loan agreement specifies the Base and Compensation interest rates (0% - 3% - 5% - 7% - 9%).

  A customer pays the interest accrued at the compensation rate payable subject to the conditions of the "Affordable loans 5-7-9%" program.
  The difference between the amount of interest accrued at the Base Interest Rate and the Compensation Interest Rate on the loan is compensated by the Entrepreneurship Development Fund at the expense of funds provided in the state budget, subject to meeting the requirements of the "Affordable loans 5-7-9%" program.

  The rate is revised quarterly.

• What should I do to get a loan?
  • Contact the bank branch
  • Submit the following list of documents 
  • • Pass a check for compliance with the criteria of the program and the bank
• What can be issued as security for the loan?

  The property of a customer or a guarantor, equipment, vehicles, real estate, as well as fixed assets acquired using credit funds can be drawn up as security. (Except deposits).

• Do I need to take out insurance to issue a loan?

  Yes, you need to insure the property, which you pledge.

  Other types of insurance are not provided for by the terms of lending under the "Affordable loans 5-7-9%" program.