Loans will be provided for a period of 20 years and the interest rate in the first three years will be 7% per annum, IA "Vchasno" reports.
Deputy Minister for Occupied Territories and IDP George Tuka on his Facebook page reported that the loan amount will be 300 thousand hryvnias, and the first installment of the loan will be 10% (30 thousand hryvnias).
In three years, 50% of the remaining loan will be paid to the IDPs - 135 thousand hryvnias, after which the interest rate will grow to 14% per annum.
"Thus, the monthly payment will be 2230 hryvnias," George Tuka wrote in the social network.
According to him, negotiations with banks are still going on, while the German side intends to provide IDPs with the maximum number of loans.
Also, the politician noted that the project's indicative start is scheduled for 2018.