10% prepayment is on agreement procedure - News.MN

10% prepayment is on agreement procedure

Old News! Published on: 2015.10.19

10% prepayment is on agreement procedure

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The issue of how to reduce the prepayment on mortgage loans from 30% to 10% and for the Government to guarantee the remaining 20% by means of the “Credit Guarantee Fund” is currently under discussion. The Government, however, must have sufficient funds to facilitate this. Therefore, the Government has proposed the idea of issuing bonds as a solution.

According to the Ministry of Building and Urban Construction, the preparatory documentary works are completed. Now the signing of contracts with representatives of five sectors remains.  The technical aspects are also being studied.


 

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