Belarusbank reduces interest rates on housing construction and purchase loans from March 28

March 27, Minsk /Corr. BELTA/. OJSC "ASB Belarusbank" from March 28 reduces interest rates on loans for the construction (reconstruction) or acquisition of individual residential houses and apartments, according to a statement from the bank's press service. Citizens not in need of improved housing conditions will be able to get a loan from Belarusbank at 47% per annum, which is 2% lower than the current interest rate. The rate on housing loans for citizens in need of improved housing conditions will decrease by 1% and will be 30% per annum. Those who permanently reside and work in rural settlements and need improved housing conditions will be able to get a loan at 29% per annum. For families with 3 or more minor children, in need of improved housing conditions, a loan will be provided at 21% per annum, which is 1% lower than the current interest rate. Interest rates on newly concluded loan agreements for consumer needs are also being reduced by 2 percentage points. Depending on the terms and type of loan provided, they will range from 45% to 48% respectively. -0-