The Municipality of Tirana has recently reopened the applications for
soft loans, which helps young families to secure a house mortgage with
softer interest rates than the market.
The Municipality of Tirana will cover 80% of the price, which must be paid within 20 years. If the full loan is not paid during these 20 years, the favorable interest rate will be over and the buyer will have to use market prices.
The interest rate for 20 years will be 3%. For the Municipality, this project is more flexible than the one offered by the government, since one of the criteria is the house income, not just the number of family members.
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