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In Kabardino-Balkarian Republic 180 families used rural mortgages

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.