Are there legal ways to postpone loan payments?

Having concluded the contract, it must be performed in the specified order and time frame. Loan deferment may be granted only by agreement with the creditor.

Also, martial law does not exempt from obligations to pay the loan. Interest for the use of credit funds continues to accrue even after February 24.

However, during the period of martial law and within 30 days after its end:

• citizens are released from the obligation to pay a penalty (fine, interest) and other penalty payments provided for in the credit agreement;

• financial institutions are prohibited from increasing the interest rate for the use of credit in case of late payments (except when the interest rate change is established by the credit agreement).

The above-mentioned mitigations are regulated by the Law of Ukraine No. 2120-IX.