Sergey Savchuk: PrivatBank Participation in the "warm" loans – an additional opportunity for citizens to attract cheaper funds for winterizing

16 February 2017 Chairman of the Saee Serhiy Savchuk, the Chairman of the Board of PrivatBank Oleksandr Shlapak signed an Agreement on cooperation in the framework of the Government programme "warm" loans. Thus, this year the Ukrainians will be able to raise cheap funds under the program to implement energy efficient measures in their homes in 4 state-owned banks: PrivatBank, Ukrgasbank, Ukreximbank and Oschadbank. State and local government, as in previous years, the population will reimburse a portion of these funds. "Now everyone who plans to implement energy efficiency measures with the support of the state, will have even more freedom of choice with respect to Bank and soft conditions for obtaining funds for insulation. PrivatBank is ready to offer program participants the best and modern technologies of lending: low interest rates, online registration, web-based platform for searching manufacturers and suppliers of energy efficient materials and equipment, and more", - explained to journalists the prospects of the programme the Chairman of the Agency Serhiy Savchuk at the press conference in the Government House. "The main thing is that the participation of PrivatBank in the "warm" loans will increase competition between banks. This, in turn, will encourage them to reduce the cost of funds for households and condominiums to provide better service", - said S. Savchuk. In turn, Chairman of the Board of PrivatBank Alexander Shlapak told about developed modern technology of lending under government programs, thanks to which the real value of soft loans for households and condominiums will not exceed 18% per annum, and in some cases installment for the purchase of energy efficient products is generally interest-free. "We are negotiating with manufacturers and suppliers of energy efficient products for maximum to reduce the cost of the loan. The maximum credit rate will not exceed 18% per annum, so to "warm" the credit in PrivatBank, taking into account the payment of the loan from the state would be beneficial, – said Alexander Shlapak. In addition, our trading platform "Privatpaket" guarantees fair prices and working with suppliers of quality products". PrivatBank introduced the technology of issuing soft loans can make them online without having to provide paper documents and certificates. Oleksandr Shlapak announced that next Monday in PrivatBank will begin issuing soft loans for citizens and condominiums. This was reported in the Vinnytsia regional state administration

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Source: http://uzinform.com.ua/

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