Announcements on the cheap home loan program will be made on Thursday, Hatzidakis says
Announcements from relevant ministers are to be made on Thursday regarding a housing policy stimulus package, as Prime Minister Kyriakos Mitsotakis said at the 86th Thessaloniki International Fair (TIF), the Minister of Labor and of Social Affairs Kostis Hatzidakis on public television. channel ERT3 on Wednesday.
He said the Ministry of Labor will be in charge of most of this program, while also managing several individual sub-programs.
Regarding cheap housing loans, he said that this program will start with 500 million euros, three-quarters of which will be granted by the Public Employment Service and interest-free, while banks will provide the remaining 25%. The banks will also be responsible for selection based on specific criteria and the interest rate will be extremely low, since 75% of the loan will be interest free.
“Essentially, we are talking about the cheapest home loans. If someone borrows 100,000 euros for a house, the monthly payment will be 275 euros. They will pay 275 euros per month and keep the house,” he noted. .
THE SOURCE; ANA-MPA
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