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The Mortgage Loan Procedure Has Not Been Affirmed

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  • The Mortgage Loan Procedure Has Not Been Affirmed

    THE MORTGAGE LOAN PROCEDURE HAS NOT BEEN AFFIRMED

    KarabakhOpen
    29-01-2008 12:54:31

    The program of subsidizing mortgage loan has been extended to the
    government, the head of the Artsakh Investment Fund Karen Yesayan
    said in an interview with Karabakh-Open.com. He emphasized that as
    soon as the program is affirmed, it will be released through the media.

    According to the head of the Fund, the issue of financing has been
    solved, preparations have been done.

    According to the program, the NKR citizens can get a loan for
    construction of houses at a 6 percent interest. According to an
    agreement between the banks and the government, interest on loan will
    be 12 percent, but the government will subsidize 6 percent from the
    special fund.
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