North Cyprus Inform

Bank loans offer

Long-term housing, business, and marriage loans are to be given out through the Vakiflar Bank, Prime. Minister Ferdi Sabit Soyer said before the weekly Cabinet meeting on Wednesday. He said the credits, repayable over 10 years, would carry an interest rate of 21 per cent for houses up to 130m2 and 23 per cent for houses up to 140m2. For young people getting married or starting a business, credit would be given for five years with an interest rate of 21 per cent. Credit support would also be offered to small businesses.