Clipping of news on Brazilian Culture, Law and Citizenship
15/05/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Buyers of homeownership by My House, My Life will receive a magnetic card with set limit to finance the purchase of four basic appliances such as refrigerator and stove, with pre-set maximum price subsidized by the Treasury and resources, according to information from the newspaper O Estado de S. Paulo published on Tuesday.
According to the publication, the program will set today at a meeting of the Minister of Planning, Miriam Belchior, with representatives of the Ministries of Finance and Towns.
The government should charge an interest rate of 5% per year, less than the current yield savings of 5.25% per annum plus the Reference Rate (TR) for the financing of goods.
Source: Jornal do Brazil - online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.