Mongolians shows very much interest for apartment loan - News.MN

Mongolians shows very much interest for apartment loan

Old News! Published on: 2012.03.13

Mongolians shows very much interest for apartment loan

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Mongolian Government announced low percent apartment loan.
Citizens who first time ever buying apartment can get Tg50 million loan with 6
percent per months up to 20 years.

After releasing decision increased number of people who
interested how to get a loan, where did get a loan what is requirement for
people who get a loan. The government issued a rule where says citizens first
to apply to the Apartment Financing Corporation. To get a loan have to pay 10
percent of total price of an apartment price which citizen choose.

Development Bank of Mongolia will raise Tg200 billion for
this apartment loan. Currently two banks- Capital and State Bank agree to
release an apartment loan.

But Capital Bank official told to
our reporter “We also will issue our rule. Right now many things unclear. End
of this month will clear details on this loan”.

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