Moldovan parliament adopts measures of backing beneficiaries of loans within First Home programme
12:26 | 28.07.2022 Category: Economic
Chisinau, 28 July /MOLDPRES/ - The parliament today adopted a draft law, through which the increase in the interest rate on the active loans within the First Home state programme is capped. The increase of the interest rate will not exceed four percentage points for six months in a row and six percentage points during 12 consecutive months.
The draft was worked out by the government, in order to attenuate the negative effects of the increase in the reference index at the establishing of the maximal interest rate for the First Home programme. Following the implementation of the measures suggested by the cabinet, the increase in the interest will be cut by 1.35 percentage points or by about one quarter from the applicable increase, according to the initial conditions set by the programme.
The document was voted in the second reading and will enter into force on the date of its publication in Moldova’s Official Journal (Monitorul Oficial). The amendments will be enforced including for the loans provided till this date.