REDUCTION OF LOAN DEBT FOR MILITARY SERVANTS IN UKRAINE - Consultation of a lawyer
Loan benefits apply to servicemen throughout the special period, from its beginning to its end. For reservists and conscripts, these benefits apply from the moment of conscription during mobilization and until the end of the special period.
What credit benefits are available to the military and for what period they apply
During the special period, servicemen and their families are entitled to the following benefits:
- Payment of interest and loan fees is not required;
- Fines and penalties for late payments are not charged.
These benefits apply not only to banks, but also to non-bank financial institutions such as credit unions, pawn shops and other financial institutions. However, repayment of the principal amount of the debt (the body of the loan) remains mandatory.
Do these benefits apply to all types of credit obligations?
No, these benefits do not apply to credit agreements related to the purchase of cars or real estate, in particular residential buildings, apartments, future real estate objects, objects of unfinished residential construction and property rights on them.
How to get benefits and what documents are needed for this
Notify the creditor in writing about your service and provide supporting documents.
For military personnel, it is necessary to provide a military card with appropriate marks or a certificate of conscription.
For reservists - an extract from an order or certificate of enrollment in the lists of a military unit.
These documents can be obtained by relatives of servicemen and reservists for further presentation at the place of demand.
What to do if the bank or financial institution refused to accept the application?
In such a situation, you should submit a written complaint to the management of the financial institution or contact the National Bank of Ukraine directly. The NBU has the authority to inspect financial institutions and correct violations.
The military can take advantage of free legal aid to write complaints.
What to do if your credit obligations have been violated
If your credit rights have been breached, you should:
- Apply to the bank for a reconciliation of obligations and get a certificate of the remaining debt on the loan, including interest, commissions and penalties.
- Submit an application to the bank with a request to be exempt from paying interest, commissions and fines on the loan, as well as to grant a credit holiday.
- If the bank refuses to meet your requirements, send a similar complaint to the bank's management, indicating information about the previous correspondence.
If the bank does not satisfy your requirements or partially satisfies them, you can go to court with a lawsuit against the bank. It is also possible to submit a petition to the court for a temporary suspension of payments under the credit agreement until the case is resolved.
The importance of legal support in reducing debt for military personnel
Legal support is critical in military debt relief, as a professional attorney can ensure the proper application of benefits and protection of the client's rights. A lawyer will help you collect the necessary documents, submit applications and appeal refusals from financial institutions, which allows you to avoid additional fines and ensure the correct execution of all documents. Timely and qualified assistance allows servicemen to focus on the performance of their duties without being distracted by bureaucratic obstacles and financial difficulties.
Order the services of a military lawyer in Kyiv
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Servicemen and their families are eligible for loan relief from the beginning to the end of the special period, including interest and penalty waivers. For reservists and conscripts, these benefits are active from the moment of enlistment until the end of the special period. Benefits do not apply to car or real estate loans. To receive benefits, it is necessary to provide supporting documents about the service. For reservists and conscripts, these benefits are active from the moment of enlistment until the end of the special period. Benefits do not apply to car or real estate loans. To receive benefits, it is necessary to provide supporting documents about the service. In case of refusal of benefits, a complaint should be filed with the financial institution or the National Bank of Ukraine. Legal support is important for the correct application of benefits and protection of rights, which allows servicemen to focus on their duties.
