Converse Bank has revised the lending terms within the framework of the project Affordable Housing for Young Families, as well as the terms of refinancing with the funds of the National Mortgage Company, reducing the interest rates.

“Emphasizing creation of the best lending conditions for young families and launching of affordable and accessible products for the youth, Converse Bank has once again revised the interest rates of lending within the framework of the project Affordable Housing for Young Families,” the bank said.

From now on, the bank will issue loans under this project at the annual interest rate of 7.5%, of which 2% will be subsidized in Yerevan and 4% - in the marzes.

No additional monthly fees will be charged for loan servicing.

Converse Bank has added that from now on the acquisition, renovation and construction loans refinanced by the National Mortgage Company would be issued in Yerevan at the annual interest rate of 11% and in the regions – 10%.

In Yerevan, energy efficient acquisition, renovation and construction loans will be issued at the annual interest rate of 10%.

Moreover, additional monthly loan service fees will not be charged for these loan types either.