The Central Bank (BDL) has raised the upper limit of subsidized housing loans provided by commercial banks by 50 percent to 1.2 billion liras (approximately $800,000), according to BDL's intermediate circular 473.
The previous ceiling was LL800 million (approximately $530,000).
BDL said in the circular that was addressed to banks and financial institutions, that the borrower is not allowed to obtain additional credit facilities to cover the price of a residential unit.
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