Mongolians shows very much interest for apartment loan
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”.
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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