4,739 applications for home loan subsidies submitted

(Hina) - The APN Real Estate Agency received 4,739 applications for home loan subsidies submitted in the sixth call, the Physical Planning, Construction and State Assets Ministry said on Saturday.

Applications could be submitted from 29 March to 14 May and the sixth call saw the highest number of applications submitted to date.

The amount planned for the subsidies this year is HRK 50 million, but Minister Darko Horvat said that given the record interest, if that was not enough, additional funds would be ensured.

He said young families recognised this government measure as a good one and that in the past four years more than 17,500 subsidised home loans were approved. During that time more than 3,000 children were born, which he said made this also a demographic measure.

APN has so far processed 2,134 applications submitted this year, approving 2,066. The average amount of a subsidised loan is €76,000 and the average repayment period is 22 years.

Most of the applications approved this year so far were submitted in Zagreb.

Applications could be submitted by persons under 45 who don't own a flat or a house.

On 26 February, APN signed agreements with 14 banks on home loan subsidies. The highest interest rates offered ranged from 2.09 to 3.50% for kuna loans and from 2.15 to 3.50% for euro loans.

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