Since the beginning of the preferential rural mortgage, which was launched within the framework of the state program "Comprehensive Development of Rural Areas", the Kabardino-Balkarian branch of the Russian Agricultural Bank issued 180 loans worth more than 400 million rubles,- Kbrria news agency reports.
Most often, a rural mortgage is issued for the purchase of a house or apartment in Baksan, Chegem, Urvan and Tersk districts.
The average loan size in the republic is 2.3 million rubles, usually taken for 20 years.
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