EGN NEWS DESK
The infrastructure ministry is contemplating increasing preferential rate of interest measures for Flat 35 fixed-rate housing loans offered by the Japan Housing Finance Agency, which is below the ministry’s jurisdiction, knowledgeable sources mentioned.
The measures to decrease rates of interest for individuals who purchase energy-efficient or earthquake-resistant homes are at present utilized solely to newly made mortgage contracts.
The ministry plans to broaden the scope of contracts coated by the measures by making use of them additionally to these switching to Flat 35 loans from floating-rate loans. The growth is anticipated to be made as early as this fiscal 12 months.
