KIEV, March 7 – People in Ukraine will be able to raise loans under the state program for the purchase of housing at an interest rate of 2-3% per annum in the hryvnia for a period of 10-15 years, starting in May, President Viktor Yanukovych said.

"The state home loan mortgage program will start working from May. The cost of loans for people will amount to no more than 2-3%. The state will compensate the rest to banks. The terms of these loans will be designed for 10-15 years," he said.