Maximal margin applied for First Home loans stays at 3-per cent level in Moldova

18:28 | 27.12.2023 Category: Economic

Chisinau, 27 December /MOLDPRES/ - The size of the maximal margin the creditors will be able to apply on the loans guaranteed by the state within the First Home Programme during the 2024 year is to stay at 3 per cent annually. In 2022-2023, the banks applied a similar maximal margin. The cabinet approved a draft decision to this effect today.

According to the Finance Ministry, the margin of 3 per cent annually allows the commercial banks participating in the First Home Programme to cover their costs borne for the mortgage loan, as well as to provide the First Home loan for a period of up to 25 years – a term established in accordance with the provisions of the normative framework.

The First Home state programme was launched in March 2018.

Any material published on the website of the Public Institution ’’A.I.S. Moldpres’’ (Moldpres News Agency) is intellectual peoperty of the Agency, protected by the copyright. The taking over or/and use of these materials will be made only with the Agency’s agreement and with compulsory reference to source.