On preferential lending

The Miory District Executive Committee informs that for the purpose of capital repair and reconstruction of residential premises, construction of engineering networks (including electricity supply to residential buildings), erection of utility rooms and outbuildings (bathhouse, shed, garage), and improvement of the aesthetic qualities of residential premises, citizens have the right to use a preferential loan under the conditions of Decree of the President of the Republic of Belarus No. 75 of February 7, 2006.

Main conditions and procedure for obtaining a preferential loan under
Decree No. 75:

  • Citizens who are owners of residential premises, permanently residing and working in settlements with a population of up to 20 thousand people (Miory town and Miory district) can use the preferential loan.
  • Maximum loan term – 10 years;
  • Interest rate – 3 percent per annum;
  • Citizens are required to develop design and estimate documentation for carrying out the necessary work;
  • The average monthly aggregate income (for the year) per family member must not exceed 1,386.78 Belarusian rubles;
  • The maximum amount of the preferential loan is 90 percent of the cost of expenses determined by the design and estimate documentation, but not more than 12,000.00 Belarusian rubles.

Citizens registered as in need of improved housing conditions have the right to receive state support in the form of a subsidy for the construction (reconstruction) of residential premises in accordance with Decree of the President of the Republic of Belarus No. 240 of July 4, 2017, with a loan term of up to 20 years and an interest rate of 5% for citizens living in Miory town and Miory district, and 1% for large families.

Large families registered as in need of improved housing conditions have the right to use state support not only for the construction and reconstruction of residential premises, but also for the acquisition of residential premises (Decree of the President of the Republic of Belarus No. 13 of January 6, 2012).

  • Loan term – up to 40 years;
  • Interest rate – 1 percent per annum.

In addition, for citizens registered as needing housing improvement, OJSC "ASB Belarusbank" provides the "Mortgage Express" loan for the purchase of residential premises for a term of up to 20 years with an annual interest rate of 12.5%.

To obtain financial support, the borrower must contact the "One-Stop Shop" service of the Miory District Executive Committee with an application and the necessary documents.

For more detailed information on preferential lending, you can contact the Department of Architecture and Construction, Housing and Communal Services of the Miory District Executive Committee (office 23, inquiry phone number 5 19 03). Consultation on lending issues can be obtained at OJSC "Belarusbank" by calling 5 19 90.

On preferential lending | Miory District Executive Committee