TODAY.AZ / Business

Percentage for mortgage loans reduced

17 November 2006 [14:43] - TODAY.AZ
The maximum rate for mortgage loans reduced to 8 percent on decree by National Bank.

Meanwhile, up to now the Mortgage Fund shared 6 percent of 12 percent and the rest was shared by different banks.

Meantime, some banks reduced percentage to 3, 4 even 2 percent to attract clients. So, the medium rate for mortgage loans was 9, 7 percent till now. At present, this number became 6-7 percent after reducing of share by Mortgage Fund. ANS

URL: http://www.today.az/news/business/32729.html

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