Minister of Finance and Economy Anila Denaj announces that, “3900 families have benefited subsidized interest rates on loans according to the categories provided by the housing law, with a special focus on young people.”

Denaj adds that the simplified lending scheme as part of subsidized interest rate programme is addressing the need for housing.

The government has approved the measure of subsidizing interest rate for families that benefit soft loans for low-cost housing, based on the “On social housing” law.

According to the decision, this measure is equal to the difference between the annual interest rate of the loan in the free market and the interest depending on the family’s ability to pay, provided that the interest and principal paid by the family are not greater than the family’s ability to pay.
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