Are there any preferential lending terms during martial law?

1. Fixing the interest rate:

• Financial institutions do not have the right to increase the interest rate on loans unless such an increase is provided for by the terms of the contract.

2. No penalties:

• Borrowers are exempt from paying fines, penalties and other sanctions for late payments during the martial law period and 30 days after its end.

3. Suspension of mortgage foreclosure:

• It is prohibited to evict a mortgaged property before the end of martial law and within 30 days after its end.

4. Possibility of loan deferral or cancellation:

• Borrowers whose property has been damaged or destroyed as a result of hostilities may apply for loan deferment or cancellation, subject to certain legal requirements.

5. State support programmes:

• State programmes, such as "eOselya", provide preferential mortgage lending for certain categories of people (military personnel, doctors, educators, etc.) at low interest rates (e.g. 3% per annum).

6. Individual bank programmes:

• Some banks offer their own preferential conditions for clients, such as loan repayment holidays, reduced payments or temporary freezing of debt obligations. The terms are agreed on an individual basis with the bank.

Recommendation: For specific information on preferential terms, we recommend that you contact the credit institution or bank where you took out the loan. This will allow you to clarify the available support programmes and possible deferrals.