House fund loan changes

FOLLOWING the discount-rate cut by the National Bank of Slovakia (NBS), interest on loans from the State Housing Development Fund (SFRB) have decreased from January 1, 2002, Construction Minister István Harna said last week. However the loan limit has been increased. The limit of the SFRB's loans for citizens older than 35 went up from Sk350,000 to Sk700,000, and loan maturity remains unchanged at 20 years. The interest rate changes to 3.9 per cent, i.e., 50 per cent of the discount rate. The loan limit for citizens up to 35 years increased from Sk600,000 to Sk700,000, and the interest rate dipped to 3.1 per cent, i.e., 40 percent of the discount rate. Loan maturity remains unchanged at 30 years.

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