According to the statistics about 1600 individuals have been approved for mortgage loans in over a months' time. This number breaks down to over 40 individuals per day who are approved for the loans. Compared to the period when the 8 percent mortgage loans have been introduced the number has declined by 10.
This implies that the number of eligible for the mortgage loan program has decllined as well. As of April 24th, applications for the mortgage loans received by the commercial banks reached MNT 1,96 trillion. Of which 35,000 individuals have been approved for mortgage loans worth MNT 1 trillion 925 billion.
Moreover, banks have refinanced loans of 19,000 individuals worth of MNY 568,2 billion and transfered to 8 percent loans according to Bank of Mongolia.
According to the statistics about 1600 individuals have been approved for mortgage loans in over a months' time. This number breaks down to over 40 individuals per day who are approved for the loans. Compared to the period when the 8 percent mortgage loans have been introduced the number has declined by 10.
This implies that the number of eligible for the mortgage loan program has decllined as well. As of April 24th, applications for the mortgage loans received by the commercial banks reached MNT 1,96 trillion. Of which 35,000 individuals have been approved for mortgage loans worth MNT 1 trillion 925 billion.
Moreover, banks have refinanced loans of 19,000 individuals worth of MNY 568,2 billion and transfered to 8 percent loans according to Bank of Mongolia.