Government Housing Loans Board discloses the granting of over 10 million dollars in loans to Public officers during a 5-month period
The Government Housing Loans Board has revealed it has granted a little over 10 million dollars in loans to Public officers during a 5-month period.
This was disclosed by Chairman of the Government Housing Loans Board Felix Thomas.
Effective May 1 2016 interest rates and mortgages were dropped significantly making it easier for public officers to own their own homes.
Interest rates which stood at 7.25% at the institution were dropped to 5.5%.
Back then, Thomas said Government and the Housing Loans board had been for some time trying to ensure housing is made more affordable to public officers who obtain loans from that institution.
And he says now they have reached the target that was set back in April. He says this a great achievement.
Thomas says the goal is to continue along this trend.
Chairman of the Government Housing Loans Board Felix Thomas
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