Housing loan application total reached one trillion togrog

Ulaanbaatar /MONTSAME/ Since commencing a low-interest housing loan program last June, commercial banks have received loan applications totaling one trillion togrog, said the Mongolbank last Friday. After a careful consideration over the new requests, the banks decided to grant mortgage totaling 930 billion togrog to 16 thous.715 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 499.7 billion from 17 thous.614 citizens have been approved by the commercial banks.