The Cabinet approved the use of Chinese loans for the financing of public leasing housing

Ukraine received $ 500 million loan from China national Corporation of General Contracting.

The Cabinet of Ministers of Ukraine has approved the raising of $ 500 million loan from China national Corporation of General Contracting (CCEC) to Finance the implementation of the state investment project “Provision of housing under the mortgage crediting or financial leasing”, the press service of the CMU.

A loan under the state guarantee be provided for a period of 15 years effective interest rate will be 4.5% per annum. The sample loan will be in tranches according to the approved schedule of financing.

The introduction of the state of financial leasing in Ukraine has been the State mortgage institution of Ukraine. According to the results of open competition on attraction of external borrowings to Finance the investment project the winner of the Chinese national Corporation of General Contracting (its empty).

Housing in leasing – a lending alternative that provides rental housing with the right of redemption at maturity. The main difference from a loan is that the leasing has simplified procedure of registration and some tax incentives for legal entities To obtain lease financing does not require collateral because the leased asset belongs to the leasing company, and title passes to the customer after full payment of the lease payments.

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