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The Code also resolves the issue of the insolvency of individual borrowers who may initiate and pass bankruptcy procedures without spoiling their credit history.
The National Bank of Ukraine (NBU) says the bill related to the Code of Ukraine on bankruptcy procedure that was passed by the Verkhovna Rada, Ukraine's parliament, resolves the issue of currency mortgages, providing borrowers with preferential terms for repayment of loans for the purchase of a single housing.
Read alsoUkraine's Rada adopts bill on bankruptcy procedure
This refers to apartments of no more than 60 square meters or houses not exceeding 120 square meters, according to the NBU's website.
Borrowers will be able to get a preferential rate at the level of the index of 12-month deposits plus 0.5% per annum, as well as a significant increase in maturities, up to 10 years.
The Code also resolves the issue of the insolvency of individual borrowers who may initiate and pass bankruptcy procedures without spoiling their credit history.
As UNIAN reported earlier, the Verkhovna Rada passed the bill related to the Code of Ukraine on bankruptcy procedure, which introduced the institution of bankruptcy of individuals in the country.
The document is included in the package of 35 bills, which will make it possible to achieve further Ukraine's economic growth of 5-7%, according to Ukrainian Prime Minister Volodymyr Groysman.