Reconstruction loans

Simple start for decent and affordable home

The target group of the Home Improvement Fund are families that live in poverty housing, but can demonstrate capability for economic activeness and can guarantee the repayment of the loan from their personal income.

The general criteria of the Fund are:

• The applicants are required to have regular monthly income or to be self-employed;
• The overall income of the families applying should not exceed the amount of two average monthly salaries (roughly 24,000 MKD);
• The effective interest rate of the loans is set at 0.5% per month;
• The loan range is between 120,000 and 250,000 MKD;
• The monthly payments are calculated based on the total household income; up to 1/3 of the monthly income, but not less than 1,800 MKD;
• The maximum repayment period is 60 months.