Changes have been made to the rules for 8% housing loan. The price threshold has been raised due to the increase 20-30% increase in the housing price.
According to the changes, if one is applying for the 8% housing loan the price of the new housing should not exceed MNT 2.2 million per sq.m, and for old apartments the threshold price should nor exceed MNT 1.9 million per sq.m.
Rule changes to be in effect next Monday at commercial banks.
Changes have been made to the rules for 8% housing loan. The price threshold has been raised due to the increase 20-30% increase in the housing price.
According to the changes, if one is applying for the 8% housing loan the price of the new housing should not exceed MNT 2.2 million per sq.m, and for old apartments the threshold price should nor exceed MNT 1.9 million per sq.m.
Rule changes to be in effect next Monday at commercial banks.