By the end of the year, interest rates on loans for small and medium-sized businesses will range from 13.5 to 16% per annum. This was reported by Oksana Shulga, Director of the Small and Medium Business Department at Globus Bank.
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What rates should businesses expect
According to the banker, the lowest rates, 13.5% per annum, will be offered for “energy loans” for the purchase and installation of alternative power sources (solar panels, heat pumps, and the creation of new energy generation at enterprises, etc.).
She recalled that the reduction of rates on SME lending programs for energy consumption is practical evidence of the effectiveness of the Memorandum between the largest banks, which have committed not only to unify their approach to their own lending policies, but also to facilitate the easing of credit conditions designed for the acquisition and installation of alternative energy supply systems.
“Despite new economic challenges, such as rising prices due to accelerating inflation, the resumption of the hryvnia devaluation process, unprecedented power outages, “energy loans” should become a strategic direction for economic development and the construction of an energy-independent country. “New challenges are, first and foremost, new opportunities that should be taken advantage of,” Shulga emphasized.
According to her, from September to November, rates on targeted loans for SMEs for the purchase of fixed assets for doing business (production equipment, vehicles, special vehicles, etc.) may decrease by 1-1.5% — to 16% per annum.
In her opinion, this is a direct consequence of the reduction in the key rate to 13%, which allows commercial banks to gradually improve credit terms for borrowers.
Favorable loans without guarantors and collateral
- Loans Energy Banks
