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Banks will send in 2018 for housing loans under the targeted subsidy program Br426 million

05.10.2017

Banks will send in 2018 for housing loans under the targeted subsidy program Br426 million. This follows from the resolution of the Council of Ministers of September 29, 2017 №728, which is now officially published on the National Legal Internet Portal, BelTA informs.According to the document, loans for the construction (reconstruction) of residential premises, part of the interest for the use of which and (or) the main debt for which is paid by citizens through subsidies, will be issued by Belarusbank, Belagroprombank, BPS-Sberbank and Belinvestbank. In 2017 the volume of credit resources allocated for these purposes by Belarusbank will be Br80 million, Belagroprombank - Br75 million, BPS-Sberbank - Br50 million, Belinvestbank - Br4 million. The total amount of funds will make Br209 million.The volume of loans issued by banks in 2018 for the construction of housing, part of the interest for the use of which and (or) the main debt for which is paid through subsidies, will be Br426 million. The largest amount will be allocated for Minsk and the Minsk region - Br80.5 million.As it was reported, targeted subsidies can be provided both for payment of a part of interest on a loan and for repayment of a principal debt. Thus, the amount of the subsidy to pay a part of the interest for families with three underage children will be equal to the refinancing rate plus 2%, with four or more underage children - the refinancing rate plus 3%, with three or more children under 23, orphans and children, left without parental care, - the refinancing rate plus 2%. For families with four or more children, the main debt will be repaid by 100%, with three cohabiting children under the age of 23 years - by 95%, orphans - by 35%; young families at the birth of one and two children - 10% and 20% respectively.

Written by belta.by