The amount of soft loans for young families has been increased in Turkmenistan. Young people who have officially registered and formed a family can now get 20 thousand manats for the purchase of necessary household equipment and household goods. Previously the sum of financial support was 6 thousand manat. The term of the loan is 3 years with annual interest rate of 1% without collateral on the basis of surety.
According to the news program "Vatan" of Turkmen television, the relevant decree was signed today by Turkmen President Serdar Berdymukhamedov. The changes and amendments resulting from the document will be introduced into the country's legislation.
In addition, newlyweds can still count on a mortgage loan for 30 years with an annual interest rate of 1 percent and a grace period of repayment of principal up to 5 years.
Authorized banks of Turkmenistan will provide loans.