(MENAFN- UkrinForm) Affordable mortgage is another step of Ukraine towards a civilized world and ensuring a decent life for our citizens, President Volodymyr Zelensky says.

He said this when commenting on the government-approved resolution to reduce the cost of mortgage loans, the press service of the head of state reported.

"Affordable mortgage was one of the important points of my election program. In addition, this is another step of Ukraine towards a civilized world and ensuring a decent life for our citizens," Zelensky noted.

The head of state has repeatedly stressed the importance of reducing interest rates on housing loans. Since last fall, a number of banks have started providing mortgages at 10%, but the president has set a goal to reduce the interest rate to 7%.

The program to reduce the cost of mortgage loans will work within the Affordable loans 5-7-9% program.

This program will make mortgages more affordable, and more families in need of better living conditions, including young families, will be able to buy a new housing.

In addition, mortgage lending will promote economic development and create additional incentives for young Ukrainians to stay and work in their homeland.

The resolution will be finalized by the Finance Ministry within two days and submitted to the prime minister for signature on Friday, January 29.

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