The eHome program has significantly changed the mortgage lending market in Ukraine. In 2025, most mortgages are concentrated in state-owned banks, but not all borrowers can take advantage of its terms.
The current situation on the market is reported by URA-Inform, with reference to RBC-Ukraine.
Current state of the mortgage market in Ukraine
According to the NBU, at the beginning of 2025, mortgage lending was mainly concentrated within the framework of the eHome program. In 2024, 8,515 mortgage loans were issued for a total of UAH 14.6 billion. More than 90% of them were issued by PrivatBank, Oschadbank and Ukrgasbank.
Private banks such as PUMB and Credi Agricole have stopped providing mortgages, and some offer loans with high rates, such as OTP Bank with 29.99% per annum. Monobank offers loans up to UAH 400,000, but with a high rate of 3% per month (more than 30% per annum).
The eHouse program and the new building market
One of the program's conditions is that housing must have been commissioned no more than three years ago. In Kyiv, the number of developers working under the program is limited, but some companies, such as Stolitsa Group, are building houses specifically for eHome.
The Impact of the eHouse Program on the Market
Lower mortgage rates and rising house prices have encouraged borrowers to take out larger loans, leading to higher LTV ratios (up to 80%). This means that borrowers often put down significant amounts of their own money.
Changes in the mortgage lending market in recent years
Since 2019, the mortgage rate has decreased from 21.5% to 14-16.9% in 2020. A record number of loans were issued in 2021, but in 2022 the market froze due to the war. The launch of the eHome program restored lending, and in 2023 the volume of mortgage loans amounted to UAH 8.85 billion, mainly under the program.
Prospects for mortgage lending in Ukraine
In the future, the mortgage market will depend on government support. The eHome program will continue to dominate, but age restrictions on housing and requirements for borrowers may stimulate the development of alternative forms of lending.
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