Moldovan government maintains maximum margin applied to First Home loans at 3%

Chisinau, Dec. 30 /MOLDPRES/- The maximum margin that lenders can apply during 2025 for state-guaranteed loans under the First Home program will be maintained at 3% annually. The decision was taken today by the government.

Finance Minister Victoria Belous said that the 3% annual margin will allow banks participating in the First Home program to cover the costs incurred for the loan, which will make it possible to carry out the program in a regulated manner, as well as to grant mortgage loans for up to 30 years, as provided for by the current regulatory framework.

The ruling will enter into force from 1 January 2025.

The maximum margin is one of the components of the maximum annual interest rate on loans granted under the First Home Program.

The First Home Plus program was approved by the Parliament in the second reading on July 31 and entered into force on August 5, upon publication in the Official Journal of the Republic of Moldova. The document provides for the extension of the program in order to provide more Moldovan citizens with access to financing for the purchase of a house, eliminating a number of barriers to access to financing on more advantageous terms.