Interest subsidies are paid for the first 10 years after the loan has been taken out. The interest subsidy is paid if the interest rate applied to the ASP loan exceeds 3.8 per cent. The interest subsidy amounts to 70% of the amount exceeded.
The ASP borrower does not need to apply separately for an interest subsidy, but it is always paid if the interest on the loan exceeds 3.8 per cent. The bank will charge the borrower interest with the state interest subsidy subtracted. The State Treasury pays the interest compensation directly to the bank twice a year on the basis of the loan information provided by the bank.