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Mortgage interest rate to drop to 7 percent

State Mortgage Company promises to reduce the interest rate on state mortgage loans from eight to seven percent by the end of October. The company reported.

The Ministry of Finance should reportedly allocate money for these purposes. In May, the company was forced to suspend consideration of applications from potential recipients of preferential state mortgage loans due to the lack of tranches from the budget.

It is clarified that the Ministry of Finance should allocate 500 million soms to the State Mortgage Company, which should be enough for issuing 400-500 mortgage loans to borrowers. At the same time, at the beginning of June more than 2,000 people were in the active lists of participants of the state program.

As the company noted, at the moment, work to reduce rates by one more percent continues.