FHB to introduce land development loan
Monday, November 28, 2005, 11:07
The Land Loan and Mortgage Bank Rt (FHB) will introduce the so-called land development loan in December, CEO Dániel Gyuris announced at a press conference last week. The amount of the loan will be from Ft 1 million to a maximum of Ft 50 million, with a duration of 5 years to 20 years. The state will provide a 50% interest subsidy, which will result in an interest rate of less than 4% for its customers. The loan can be used for purchasing of at least one hectare of arable land. (Fri. Vg 1) P.O.