ArmInfo.Over 500 Armenian servicemen will benefit from a soft lending programme. Armenia's government has approved a relevant decision.
Armenia's Deputy Minister of Defense Arman Sargsyan stated that all the officers and non-commissioned officers who will apply this year will be allowed to benefit from a long-term soft mortgage lending programme for purchasing or constructing housing. "If the project is approved, 526 servicemen will receive the necessary references. Priority will also be given to servicemen admitted to military schools before July 1, 2022, and enlisted to post-academic service in case they apply within five years after completing their education," he said.
Armenia's Vice-Premier Hambardzum Matevosyan noted that government subsidies will be 10% of the principal sum and 3% of the 7% interest rate.
"In 2022, 1,018 servicemen have applied for the programme, with 492 certificates issued in a priority order. The rest 526 service will receive certificates in the project is approved," he said.
