The "My Energy Independence" program from Oschadbank is a state interest-free loan for individuals for the purchase and installation of alternative energy sources. The client pays only the loan principal, as the interest rate of up to 0.1% per annum is fully compensated by the state.
Key lending terms
• Loan amount: from 100,000 to 480,000 hryvnias.
• Term: up to 10 years (120 months).
• Interest rate: 0% per annum subject to intended use.
• One-time fee: 1.51% of the loan amount.
• Repayment: monthly in equal installments (classic scheme).
• Collateral: Property collateral is usually not required.
What can you spend money on?
The loan is strictly targeted. Funds are allocated exclusively for the purchase and installation of equipment with a capacity of up to 10 kW for a private home:
• Hybrid inverters
• Solar panels
• Rechargeable batteries of various types
• Wind power plants
• Related equipment and services for solar power/wind power installation
Main requirements for the borrower
• Owning a residential building with a total area of up to 250 sq. m.
• Having an open personal account with an electricity supplier.
• Official income: the average monthly total family income for the last six months should not exceed ten times the average salary in Ukraine.
• Mandatory confirmation: within 180 days from the date of receipt of funds, it is necessary to provide the bank with certificates of purchase and commissioning of the equipment.
How to apply for a loan
1. Collection of documents: passport, TIN, income certificate for 6 months, documents proving ownership of the house and invoice from the equipment supplier.
2. Submitting an application: contact the nearest branch. To save time, you can use the Electronic Queue service via a mobile application or website.
3. Receipt and report: after approval, the bank transfers the funds to the equipment seller. After installation, the client reports with acts of work performed.
If you have any additional questions, you can contact the Oschadbank Contact Center by calling the hotline 0 800 210 800 or send a call via the bank's official Viber account.