Bank loans in Ukraine

Priscilla · 2018-08-22T11:42:32+02:00

Explore insights on bank loans in Ukraine for expats, including approval challenges, types of loans, popular banks, and alternative lending options.

Priscilla ViP

Member since 30 May 2013

PriscillaViP22 August 2018 09:42:32

42358

Hello,

Finances and banking can sometimes be a headache for many expats, especially when it comes to taking out bank loans.

Is it difficult for an expat to get approved for a bank loan in Ukraine?

What are the types of bank loans available for expats (mortgage/bonds; business loans; car loans; personal loans; student loans)?

What are the general conditions for expats to take out bank loans (interest rates; timeframe to repay loans, etc.)?

Which bank in Ukraine is the most popular or accessible for expats regarding loans?

Would you normally require the services of an accounts manager at the bank in order to facilitate the process of taking out a loan? Is this service free of charge?

What would happen in the case of an unpaid loan if you have to repatriate back to your home country or move somewhere else?

Are there any other options for loans aside from the bank in Ukraine, such as taking out a loan from your bank in your home country, or other types of companies not affiliated with banks, that give out loans?

Thank you for sharing your experience.

Priscilla

Tesorero Active member

Member since 20 April 2018

TesoreroActive member23 August 2018 21:36:08

Hi Priscilla, I think present time bank lending for physical persons is almost dead. It is very difficult even for the citizens of Ukraine to take mortgage and/or car credit. Interest rates are rather high and first payment is almost 50%.

karayuschij Active member

Member since 23 March 2009

karayuschijActive member24 August 2018 14:12:42

Forget anything having to do with banks in Ukraine!

Bruno2B Member

Member since 19 August 2018

Bruno2BMember10 September 2018 12:01:24

Hi..
Thank you for this email...
No need a loan for now but I will need to have a bank account there so I will have to see what the services are as I will transfer my retirement incomes there.
Kind regards
Chiari Bruno

Tesorero Active member

Member since 20 April 2018

TesoreroActive member10 September 2018 15:28:13

Hi Bruno,
To open bank account first of all you need to get Ukrainian ID code.
To avoid problems with local banks I recomend you to open accounts in the banks which are the parts of international financial groups such as Raiffeisen, BNP Paribas, Credit Agricole etc...

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