BANKS DECIDE TO FINANCE HOUSING LOANS OF MNT 959 BILLION

Ulaanbaatar /MONTSAME/ Since commencing a low-interest housing loan program last June, commercial banks have received loan applications totaling 959.3 billion togrog. After a careful consideration over the new requests, the banks decided to grant mortgage totaling 921 billion togrog to 16 thous.334 applicants. During that time, the banks have also received requests to refinance already awarded housing loans of 845 billion togrog, which were delivered under the Government program to stabilize the mortgage system of the nation. Refunding requests for the loans totaling 487.6 billion from 17 thous.241 citizens have been approved by the commercial banks.