6 PERCENT MORTGAGE LOAN DISBURSED TO 520 BORROWERS IN OCTOBER

The decision to lower mortgage loan interest rate from 8 percent down to 6 was made on October 1, 2020 by the ordinance of the Governor of the Bank of Mongolia, which allowed to start disbursing mortgage loans to borrowers, who issued their requests after October 1.

As of October 29, 512 borrowers have received mortgage loans worth 37.1 billion in total through the funding investment made available by government and commercial banks, of which MNT 7.8 billion were disbursed to 145 applicants from rural areas. 

Source:https://montsame.mn/en/read/241509