by Amanuel kindya
It is reported that Wegagen Bank and Deluxe Properties have signed a memorandum of understanding aimed at providing financial support to real estate home buyers.
The bank said that it will provide credit services to those who purchase real estate apartment houses being built by Deluxe Properties.
The bank said that it will provide financial loan support to the diaspora community living abroad who meet the lending guidelines through Wegagen Bank.
The agreement between the two states that the real estate home buyers’ financial loan agreement has a low interest rate
It is also said that it will be completed in installments for 25 years and that up to 80 percent of the apartment price will be covered by the loan.
It will help to address the growing demand for housing and the shortage of guaranteed housing supply.
It is stated that the agreement was made to address one of the main reasons for the challenges and the main problem of financing.
The agreement with Wegagen Bank is said to have created an opportunity for Deluxe Properties to build modern apartment homes and provide consumers with the opportunity to own homes without financial difficulties.
