
Acquiring residential property has become more affordable.
Unibank improved mortgage loans by reducing interest rates for several types of loan products. From now on, loans for acquisition, construction and renovation of real estate will be provided at the annual interest rate of 8.2% within the framework of the National Mortgage and Apartment for Youth program. By the way, within Apartment for Youth program 2% of loan interest rates in Yerevan and 4% in regions will be subsidized by the state on the loan for residential real estate.
The purpose of revising mortgage lending is to make housing affordable for a larger population.
"Access to mortgage loans is one of the most urgent issues, and we are striving not only to improve the lending conditions, but also to simplify the lending process. Unibank is very active in the mortgage market, offering loans on preferential terms. The population is particularly interested in our loans without prepayment, "said Gourgen Ghukasyan, Unibank's Retail Business Development and Sales Director.
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