Beginning on January 1, 2022, the margin that lenders may apply to state-guaranteed loans under the First House Program shall not exceed 3% per year, the Government decided on Wednesday.
The cap shall apply to loan contracts concluded after the decision’s entry into force, i.e. January 1, included.
According to Finance Minister Dumitru Budianschi, the 3% margin per year will allow banks participating in the First House Program to cover their costs and offer loans for a period of up to 25 years.
The margin that lenders may apply to First House loans is updated annually by the Government.
