Belarusbank has reduced rates on already concluded housing loans

by time news

2023-09-07 11:25:00

Belarusbank announced a reduction in rates on previously concluded housing loans. Rates on housing loans taken by Belarusians have decreased.

From September 6, rates on loan agreements for real estate financing concluded until May 31, 2022 (inclusive), for which the refinancing rate of the National Bank of the Republic of Belarus was previously fixed at 9.25%, will be reduced.

For clients who have taken out loans for the purchase or construction of housing using both variable and fixed interest rates, it will decrease to 14.56% per annum.

And for loan agreements concluded for additional lending to citizens who are carrying out or have already completed the construction (reconstruction) or purchase of residential premises with state support, the rate will be no more than 13.25% per annum.

The conclusion of an additional agreement to the loan agreement to reduce the interest rate on the loan is carried out by agreeing to the offer posted on the bank’s corporate website. Confirmation of acceptance of the offer is the payment of the next payment of interest for using the loan in a changed amount.

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