Pinagare home loans excite the market

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The new home loan scheme launched by Botswana Building Society (BBS) to specifically benefit young people has been hailed as a move in the right direction.

The Pinagare scheme has similar features to the mortgage product available to the general public but offers lower interest rates and a 30-year repayment period as opposed to 25 years.

The main objective of the scheme is to encourage young Batswana to own houses instead of buying cars. Pinagare mortgage attracts a 14.5 percent variable interest rate, which is 2.5 percent below the prime lending rate.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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