Belarus banks stop issuing housing loans due to world crisis
The number of banks in Belarus that issue housing loans has significantly decreased due to the world financial turmoil, according to a report released by analysts from the Belarus-based financial internet resource infobank.by
The experts also note that several Belarusian banks accounced that they would raise interest rates on newly issued loans effective from October 15.
Several banks have already raised interest rates. Analysts also point to more stringent loan application review procedures. The banks have extended reviewal term to three-four weeks, thus making the loans more expensive for borrowers.
Belapan
The experts also note that several Belarusian banks accounced that they would raise interest rates on newly issued loans effective from October 15.
Several banks have already raised interest rates. Analysts also point to more stringent loan application review procedures. The banks have extended reviewal term to three-four weeks, thus making the loans more expensive for borrowers.
Belapan
