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ESTIA Plan: The examination of 6,393 applications is completed, while 2,697 were rejected

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ESTIA Plan: The examination of 6,393 applications is completed, while 2,697 were rejected

Only 10 applications remain to complete the examination of the total of 6,393 applications (worth approximately € 1.9 billion) submitted by borrowers to financial institutions for participation in the ESTIA Project, which aims to protect the first home, while 2,697 applications have been rejected and another 759 concern unsustainable borrowers.

Specifically, the head of the Estia Plan at the Ministry of Labor, Marios Savvidis, told KYPE that out of a total of 6,393 applications, 3,796 are full applications, 1,919 are incomplete and 90 have been withdrawn, while 578 applications concern special cases, which will be sent for approval or rejection. special committee composed of the Ministers of Finance and Labor, Welfare and Social Security.

He said that only 10 applications are left to complete the examination of 6,393 applications, which have not yet been sent to the Ministry of Labor, due to technical problems that arose in a bank, and noted that this is expected to be done next week.

In addition, in relation to the full applications and special cases, which total 4,374, Mr. Savvidis told KYPE that of these 802 received final approval, 759 are unsustainable and eligible, while 88 are eligible but underwent loan restructuring. .

He added that out of 4,374, 2,697 applications were rejected, while 28 applications have been returned to the banks for correction and will be sent again to the Ministry of Labor.

In addition, Mr. Savvidis said that to date 5,418 letters have been sent to applicants of the Estia Plan, informing them whether the applications for participation in the Plan have been approved or rejected.

He also stated that a total of 759 applications for non-viable borrowers but eligible for the Plan and 88 applications for eligible but loan restructuring will not currently receive letters (unless otherwise decided) as they have been sent to the Ministry of Finance. to further address their issue.

Finally, he mentioned that there are 1,500 borrowers who have filed an objection to the non-acceptance of their application for participation in ESTIA, with the majority of them having sent a relevant letter through a lawyer.

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Source: politis.com.cy

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