National Bank: who is included in the Fixed Rate Housing Loan Program

Its bonus program for permanent borrowers, with a 12-month freeze on variable interest rates on the mortgage, also announced by the National Bank, emphasizing in its announcement that “in response with a sense of social responsibility to market conditions, it has designed and advertises targeted programs for its clients and mortgage holders.

According to the announcement, the National Bank offers its customers a fixed-borrower bonus program, which aims to reduce current interest rates on variable-rate mortgages, regardless of currency, as well as protect borrowers from possible future increases in reference interest rates for the next 12 months. . This procedure follows the Mortgage Support Program for Vulnerable Families (the Vulnerable Persons Program).

The above actions, which take place in the context of the institutional dialogue with the state, demonstrate this in practice The National Bank is an assistant to the country’s households, rewarding consistent borrowers and supporting its vulnerable customers Consistently and responsibly, while the cost of the bonus program is borne exclusively by the National Bank.

who joins

The bonus program includes all holders of floating rate mortgages (regardless of whether they have already joined or are going to join the Vulnerable Families Interest Rate Support Program) who:

• disburse their loan by 12/31/2022 f
• The loan shows no arrears as of April 28, 2023.

The rewards program for 12 months provides:

• Apply the reference interest rate in effect on 31/03/2023 reduced by 0.2% and
• Absorption of future increases in reference rates that may occur over the next 12 months

In this way, holders of variable interest loans will be able to enjoy the benefits of a fixed interest rate for a period of one year.

When does the privilege expire?

To maintain the new pricing of the loan It must be updated during the program.

Borrowers who fall into the scope of the application will automatically join the program, without any action required on their part. The discounted loan interest rate and discounted installment will be updated by copying the May account and will relate to the June payment.

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