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131 LOANS PROVIDED UNDER AFFORDABLE HOUSING FOR YOUNG FAMILIES PROGRAM IN YEREVAN
PanARMENIAN.Net
November 26, 2010 - 17:29 AMT 13:29 GMT
Head of the Department for Financial Markets Development at the RA
Ministry of Finance Karen Tamazyan said that 187 mortgage loans have
been granted since the launch of Affordable Housing for Young Families
program six month ago in Armenia.
131 and 56 loans have been provided in Yerevan and Armenia's regions
respectively, Tamazyan told a press conference.
"The total amount of allocated loans makes AMD 1.5bln, while the amount
of subsidies totaled AMD 30mln. Another 33 loan applications at the
amount of AMD 231.5mln are in process of consideration," he said.
The average amount of provided loans made AMD 8.2mln, the average
term of loans - 12.4 years, average interest rate - 10.3%.
Tamazyan recalled that recently the government has reviewed the terms
for lending under the program.
Specifically, the state's assistance for residents of regions used to
total 2% out of the granted loan, while currently this figure makes 4%.
Besides, the initial installment for a dwelling in Armenia's regions
will total 10% against previous 30%.
13 Armenian banks and 3 credit organizations participate in Affordable
Housing for Young Families program.
From: A. Papazian
PanARMENIAN.Net
November 26, 2010 - 17:29 AMT 13:29 GMT
Head of the Department for Financial Markets Development at the RA
Ministry of Finance Karen Tamazyan said that 187 mortgage loans have
been granted since the launch of Affordable Housing for Young Families
program six month ago in Armenia.
131 and 56 loans have been provided in Yerevan and Armenia's regions
respectively, Tamazyan told a press conference.
"The total amount of allocated loans makes AMD 1.5bln, while the amount
of subsidies totaled AMD 30mln. Another 33 loan applications at the
amount of AMD 231.5mln are in process of consideration," he said.
The average amount of provided loans made AMD 8.2mln, the average
term of loans - 12.4 years, average interest rate - 10.3%.
Tamazyan recalled that recently the government has reviewed the terms
for lending under the program.
Specifically, the state's assistance for residents of regions used to
total 2% out of the granted loan, while currently this figure makes 4%.
Besides, the initial installment for a dwelling in Armenia's regions
will total 10% against previous 30%.
13 Armenian banks and 3 credit organizations participate in Affordable
Housing for Young Families program.
From: A. Papazian