NBS lowers interest rates – -after getting formal approval to lift loan ceiling

With a steep decline in applications for housing loans in 2020 and government’s promise of 50,000 house lots by 2025, the New Building Society is seeking to increase its portfolio this year and yesterday announced a reduction in interest rates following formal approval of the lifting of the loans threshold from $12 to $15 million which had been announced in Budget 2021.

The article NBS lowers interest rates appeared first on Stabroek News.