Q:
A:
Societe General enters housing loan subsidy programme
Belgrade,
3 October 2005
Societe General Bank became today the sixth bank in Serbia to sign an agreement allowing them to take part in a programme that provides state-subsidised housing loans to citizens under 45 years of age.
Author:
Tanjug
Following the signing of the agreement between the Ministry of Finance, the National Corporation for Housing Loan Insurance and Societe General Bank, Serbian Minister of Finance Mladjan Dinkic said that Societe General Bank decided to offer housing loans subsidised by the state that will be 0.15 percent lower than the loans offered by the other banks within the programme.
Dinkic explained that in this way, the nominal interest rate for the part of the loan granted by the bank will be 6.80 percent, while the total interest rate on the whole amount of the loan will stand at 4.38 percent.
The minister announced that Societe General Bank will start to accept applications in ten days time.
Dinkic recalled that in 2005, the state has set aside 900 million dinars in subsidies towards the purchase of housing for citizens below 45 years of age, and announced that the amount set aside for the same purpose in the year 2006 will be 3 billion dinars.
According to Dinkic, the banks within the programme have so far submitted 300 housing loan applications, approved by their credit boards, to the National Corporation, 71 of which have been processed by this institution. Out of 71 applications, 65 have been approved and a total of €878,000 will be paid out in dinars in the forthcoming period, Dinkic added.
Dinkic explained that in this way, the nominal interest rate for the part of the loan granted by the bank will be 6.80 percent, while the total interest rate on the whole amount of the loan will stand at 4.38 percent.
The minister announced that Societe General Bank will start to accept applications in ten days time.
Dinkic recalled that in 2005, the state has set aside 900 million dinars in subsidies towards the purchase of housing for citizens below 45 years of age, and announced that the amount set aside for the same purpose in the year 2006 will be 3 billion dinars.
According to Dinkic, the banks within the programme have so far submitted 300 housing loan applications, approved by their credit boards, to the National Corporation, 71 of which have been processed by this institution. Out of 71 applications, 65 have been approved and a total of €878,000 will be paid out in dinars in the forthcoming period, Dinkic added.
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