Oschadbank won the nomination Best Mortgage Bank Ukraine 2020 in the framework of the international award of the financial magazine Global Banking & Finance Awards 2020. This was reported by the press service of the institution.
According to the report, in 2020, despite the crisis due to the coronavirus, Oschadbank strengthened its position in the mortgage lending market, providing Ukrainians with 1,300 mortgage loans totaling more than UAH 745 million. This is 30% more than in 2019.
“Our retail business team worked fruitfully in 2020. Savings have repeatedly reduced mortgage interest rates, improved existing ones and introduced new programs for various categories of clients. This gives us the opportunity to offer mortgage products with optimal conditions to almost every borrower. Under certain programs, a home loan can be obtained at a rate below 10% per annum. Recognition of Oschadbank as the best mortgage bank is a confirmation of the correctly chosen strategy of consumer lending development,” noted Anton Tyutyun, Deputy Chairman of the Board of Oschadbank.
First of all, the position on the housing loan market was improved due to the introduction of several preferential programs. In the spring, Oschadbank developed and implemented a new program “Of course, DOC” for medical workers. It provides for a fixed rate of 9.99% for the entire loan period – 10 years. In order to support employees of the public sector of the economy and state-owned enterprises, Oschadbank has expanded this program. Starting from July, civil servants, medical and educational workers, the National Police of Ukraine, and the State Emergency Service of Ukraine can take advantage of the “Of course, 9.99%” program by applying for a mortgage at 9.99%.
Under the most popular mortgage program “Of course, convenient”, the bank offers lending at a rate of 13.0% (12.5% for customers who receive a salary on Oschadbank cards). Under the program “Of course, 15” you can get a loan at the lowest rate on the market – 8% per annum in UAH with a minimum contribution of 20%. Such conditions are introduced for the first 6 months of the loan agreement. Starting from 7 months, a single rate has been set for the entire term –13.49% in hryvnia. The loan term is 15 years, and one of the advantages of this product is the lack of life insurance costs, which significantly reduces the financial burden on the client.
Under the program “Of course, housing” Oschadbank offers a fixed rate of 11.99%. The term of the loan agreement provides for a period of 1 to 10 years with an initial down payment of 30% of the value of the property. There is no loan fee.
The Global Banking & Finance Awards 2020 is an annual international award established by the Global Banking & Finance Review in 2011. The publication analyzes the work of leading financial companies in different countries, selecting winners according to such criteria as financial achievements, level of service, innovation, impact on society and so on.
Translation: Evelina Susyk