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Government to subsidize mortgage loans for 500 Armenian military personnel annually

22.08.2019 18:55

Government to subsidize mortgage loans for 500 Armenian military personnel annually

YEREVAN, August 22. /ARКА/. The government of Armenia approved today a draft decision to introduce a scheme for subsidizing mortgage loans of 500 servicemen annually.

"According to the decision, each year, 500 military personnel can become beneficiaries of the program, which provides for mortgage loans of up to 28.5 million drams. Ten percent of this amount is subsidized by the government as down payment," Armenian Defense Minister David Tonoyan said at the Cabinet meeting .

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