State Great Hural approved amendments to Civil Law and Mortgage Law on Jan 19, 2016. Therefore, total of 11 commercial banks started to grant 8 % mortgage loans in accordance with the previous regulation.
In last ten days, 11 commercial banks decided to provide total amount of MNT 68.5 billion mortgage loans to 1129 borrowers, Currently, six out of 11 banks issued mortgage loans worth MNT 15.9 billion to 300 borrowers.
State Great Hural approved amendments to Civil Law and Mortgage Law on Jan 19, 2016. Therefore, total of 11 commercial banks started to grant 8 % mortgage loans in accordance with the previous regulation.
In last ten days, 11 commercial banks decided to provide total amount of MNT 68.5 billion mortgage loans to 1129 borrowers, Currently, six out of 11 banks issued mortgage loans worth MNT 15.9 billion to 300 borrowers.