27 March, Minsk /BELTA correspondent/. OJSC "ASB Belarusbank" will reduce interest rates on loans for the construction (reconstruction) or purchase of individual residential houses and apartments from March 28, according to a statement from the bank's press service. Citizens not in need of housing improvement will be able to obtain a loan from Belarusbank at 47% per annum, which is 2% lower than the current interest rate. The rate on housing loans for citizens in need of housing improvement will decrease by 1% and will be 30% per annum. Those who permanently reside and work in rural settlements and are in need of housing improvement will be able to obtain a loan at 29% per annum. Loans at 21% per annum, which is 1% lower than the current interest rate, will be provided to large families with 3 or more minor children who are in need of housing improvement. Interest rates on newly concluded loan agreements for consumer needs are also being reduced by 2 percentage points. Depending on the terms and type of loan provided, they will range from 45% to 48% respectively. -0-

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