Support measures for beneficiaries of credits in First Home program to be published in Official Journal

15:31 | 04.08.2022 Category: Economic

Chisinau, 4 Aug. /MOLDPRES/- The legislative changes regarding the support measures for the beneficiaries of credits in the First Home program are to be published tomorrow in the Official Journal of the Republic of Moldova.

According to the document, the interest rate increase for active loans under the state program is capped. Thus, the interest rate increase will not exceed four percentage points for a consecutive period of six months and six percentage points – during 12 consecutive months.

The project was developed by the Government in order to mitigate the negative effects of the increase in the reference index when establishing the maximum interest rate for the First Home program. Following the implementation of the measure, the interest rate increase will be reduced by 1.35 percentage points or by about a quarter of the applicable increase according to the initial conditions established by the program.

The document enters into force on the date of publication in the Official Journal. The changes will be applied including to the credits granted up to now.

The program has over 7,600 beneficiaries.

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