The youth model of eOselya is set to launch on January 15, 2027. It includes a gradual increase in the base rate, a discount after the birth or adoption of a child, and a wider choice of housing. ProfBuild writes about the new terms, while Inkorr previously reported on how many Ukrainians have already used eOselya.
What will the first payment in eOselya be like in 2027
A minimum payment of 10% for borrowers aged up to 25 has already been implemented in eOselya. For older borrowers, the minimum payment is 20% under general conditions. The regulation on the youth model does not establish a separate age limit of 35 years.
If an apartment costs 2 million UAH and fits within the program's regulations, the minimum payment will be:
- 200 thousand UAH for a 10% payment;
- 400 thousand UAH for a 20% payment.
How the mortgage rate will change
The base rate under the youth model will depend on how many years have passed since the loan agreement was signed:
- 7% per annum for the first three years;
- 10% per annum from the fourth to the tenth year;
- 12% per annum from the eleventh year.
Under the standard model with a starting rate of 7%, it applies for the first ten years, and from the eleventh year it rises to 10%. Thus, for the same amount and term of the loan, youth mortgage without discounts for children will be more expensive if paid over three years.
How the birth or adoption of a child will affect the rate
For each child born or adopted by the borrower after receiving the loan, the bank will reduce the base rate by 2 percentage points. For example, after considering one child, the rates over three periods will be 5%, 8%, and 10% per annum. The minimum rate under the program is 0.1% per annum.
The discount will take effect from the first day of the month after the borrower submits documents about the birth or adoption to the bank. Children already in the family at the time of mortgage application will be considered when determining the normative area of housing.
What housing can be purchased
Under the youth model, the cost of housing can exceed the established limit by up to 40%. For housing commissioned no more than three years ago, this same allowable excess is also provided for the area.
The difference between the maximum and actual cost must be covered by the borrower’s own funds. For example, if the limit for the family is 2 million UAH, and the apartment costs 2.3 million UAH and meets the other requirements, then the family must cover 300 thousand UAH above the limit on their own.
After the launch of the youth model, it will be possible to choose it when submitting the application. Inkorr previously explained how to apply for a mortgage eOselya through Diya.