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The New Home programme will be operational on August 15, as its implementation regulations are expected to be approved next week at a government meeting, head of the National Fund for SME Loan Guarantee (FNGCIMM) Dumitru Nancu said on Wednesday.
The National Credit Guarantee Fund for Small and Medium-sized Enterprises (FNGCIMM SA-IFN) recently informed in a press statement that under the New Home programme two categories of loans for new homes will be granted: loans of up to 140,000 euros for which an advance payment of 15% is charged and a state guarantee of 60% is granted, and of 70,000 euros, with an advance of 5% and a state guarantee of 50%.
"The New Home programme will grant two categories of loans for new homes (new home means any dwelling received at the end of the works no later than 5 years before the date of application for the guaranteed loan as well as homes subject to intervention works in order to consolidate and/or reduce seismic risk received at the end of the works no later than 5 years before the date of requesting the guaranteed loan): 1) loans up to 140,000 euros for which an advance payment of 15% is charged and a guarantee is granted by the government to the amount of 60%; 2) and loans of up to 70,000 euros with an advance payment of 5% and a state guarantee of 50%."
