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Business >> Monday June 30, 2008
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GHB offering new mortgage programme

The Government Savings Bank will introduce a new home mortgage product offering interest rates of just 3.5% for the first year and 5% for the second under a programme to help prospective homeowners.

The new product, which would be launched today, replaces the bank's existing fixed-rate mortgage set at 5% for the first year and 6% for the second. Credit limits are based on a borrower's credit history.


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