Oschadbank and Ukrzaliznytsia launch mortgages backed by compensation payments from employer

Oschadbank and Ukrzaliznytsia have launched Ukraine’s first mortgage model whereby employers cover part of the employee’s costs. The parties entered into relevant agreements under the government’s eOselia program.

Ukrzaliznytsia will cover some of its employees' mortgage expenses.

The program applies to railway workers recognized as internally displaced persons and provides for:

• 20% compensation of the down payment after purchasing a residential property up to UAH 2 million (in case the down payment does not exceed 30% of the property value);  
• compensation of up to 30% of monthly payments (principal and interest) for the first three years of the loan;
• the option to finance part of the advance payment by Ukrzaliznytsia prior to signing the agreement (this option will be available shortly).

This significantly reduces the actual financial burden on the employee from the very first day of the mortgage.

Participation by employers in housing financing programs represents more than merely a means of employees  support; moreover, it serves as a key indicator of a borrower’s financial standing. When a company invests in its employees, it demonstrates both trust in them and a commitment to professional stability and long-term collaboration.

“Partnerships with employers paves the way to a new phase in the mortgage development. First time ever, mortgages move beyond being just a banking product and become part of a brand’s HR strategy, once a company gets involved in financing its employees’ housing. Ukrzaliznytsia was the first to launch this model, and this case could become a new market standard as well as  a benchmark for other large employers,” noted Anton Tiutiun, Deputy Chairman of the Management Board of Oschadbank.

The partnership with Ukrzaliznytsia has strategically important value: Oschadbank is already implementing joint infrastructure and social projects, in particular the development of an inclusive branch network, therefore the launch of this mortgage product has been a logical next step within this collaboration. It is a large-scale program to support thousands of the company’s employees working in difficult conditions and in need of additional housing solutions.

Employers benefit from this program as it addresses several issues at once: staff retention, employee support for those who have lost their homes due to the war, as well as enhancing the HR brand through practical, rather than declarative measures.

For the state, such a model has a system-wide benefit - facilitating economic recovery by stimulating both the real estate market and the banking sector due to the availability of affordable mortgage loans. Moreover, it creates additional incentives for Ukrainians living abroad to return home, since the availability of affordable housing options remains one of the key factors influencing such a decision.

As of April 2026, Oschadbank leads the market under the eOselia program: 8839 loans issued for more than UAH 14.6 billion and 85 accredited properties under construction.