1 ADB TO GRANT USD 2.5 MILLION TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/04/26      2 MONGOLIA NOT ONLY INDIA'S STRATEGIC PARTNER BUT 'SPIRITUAL NEIGHBOUR': SUSHMA SWARAJ WWW.REPUBLICWORLD.COM PUBLISHED:2018/04/26      3 EUR50 MILLION TO BE GRANTED TO STATE BUDGET IF MONGOLIA MEETS CRITERIA WWW.MONTSAME.MN PUBLISHED:2018/04/26      4 “NUURSTEI” PROJECT’S FEASIBILITY STUDY TO BE COMPLETED WWW.GOGO.MN PUBLISHED:2018/04/26      5 ONE OF THE WORLD'S LONGEST GAS PIPELINES FROM RUSSIA TO CHINA ALMOST COMPLETE WWW.RT.COM PUBLISHED:2018/04/26      6 INDIA TO ESTABLISH AIR CORRIDOR WITH LANDLOCKED MONGOLIA TO BOOST TRADE WWW.SPUTNIKNEWS.COM PUBLISHED:2018/04/26      7 RELOCATION OF UB'S ZUUN AIL MARKET TO START IN MAY WWW.NEWS.COM PUBLISHED:2018/04/26      8 IMPROVED FUEL PRODUCING ENTERPRISE TO BE ESTABLISHED WWW.MONTSAME.MN PUBLISHED:2018/04/26      9 100 MW CUMULATIVE SYSTEM FOR WIND AND SOLAR ENERGY TO BE CREATED WWW.MONTSAME.MN PUBLISHED:2018/04/26      10 LIVESTOCK VACCINES TO BE PRODUCED IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/04/25      “ТАВАНТОЛГОЙ” ТӨСЛИЙН ХУВЬ ЗАЯАГ УИХ ШИЙДНЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/04/26     ЕРӨНХИЙЛӨГЧ Х.БАТТУЛГАД БҮГД НАЙРАМДАХ ЭНЭТХЭГ УЛСЫН ГАДААД ХЭРГИЙН САЙД БАРААЛХЛАА WWW.TODAY.MN НИЙТЭЛСЭН:2018/04/26     ЗАР СУРТАЛЧИЛГААНЫ ДЭМЖЛЭГТЭЙГЭЭР "FACEBOOK"-ИЙН ОРЛОГО I УЛИРАЛД 49 ХУВИАР ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/04/26     НАТО: МОНГОЛЫН ЗЭВСЭГТ ХҮЧНИЙХЭН КАБУЛЫГ АЮУЛААС ХАМГААЛАХАД ГОЛ ҮҮРЭГ ГҮЙЦЭТГЭЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/04/26     ГАЗАР ӨМЧЛҮҮЛЭХ ХУГАЦААГ 10 ЖИЛЭЭР СУНГАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/04/26     ХОРОО 2017 ОНД 243 АЖ АХУЙН НЭГЖИД ГАЗАР ДЭЭРХ ХЯНАЛТ ШАЛГАЛТ ХИЙЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/04/26     ИПОТЕКИЙН ЗЭЭЛИЙГ ДАГААД БАРИЛГЫН САЛБАРЫН ДНБ-ИЙ ХЭМЖЭЭ ӨСДӨГ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/04/26     АХБ-НААС МОНГОЛ УЛСАД 2.5 САЯ АМ.ДОЛЛАРЫН БУЦАЛТГҮЙ ТУСЛАМЖ ҮЗҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/04/26     МОНГОЛЫН ЭРДЭМТЭН СУДЛААЧДЫН БҮТЭЭЛИЙГ ТӨВЛӨРҮҮЛСЭН “НОМЫН ЦАХИМ ДЭЛГҮҮР” НЭЭГДЛЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/04/25     “UBIKE” ТӨСЛИЙН ХҮРЭЭНД 2018-2020 ОНД 2000 ШИРХЭГ УНАДАГ ДУГУЙГ ҮЙЛЧИЛГЭЭНД НЭВТРҮҮЛНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/04/25    

7 percent mortgage program in discussion www.ubinfo.mn

The Cabinet is considering to facilitate 8 percent mortgage program. Earlier this year, the Ministry of Finance and Bank of Mongolia (BoM) co-established a working group to prepare a draft subsidiary mortgage program with 7 percent interest rate and 25 percent downpayment, which is 5 percent lower than the current subsidized mortgage requirement. Officials perceive that the current 8 percent mortgage program has reached its target market; thus, the Cabinet has prepared a draft program for the first-time accomodation purchasers in the outskirts of Ulaanbaatar with more favorable terms. Sources claim that the program will be financed from the USD 500 million borrowing from the Republic of Korea that settled was during the Prime Minister’s visit to South Korea in January. The soft loan has a maturity date of 30 years and grace period of 10 years with an annual interest rate of 0.2 percent. Presently, around 30 thousand accommodations are ready for sale; however, the housing sales are only about 30 percent. This year, the Government and BoM set a plan to finance around MNT 300 billion to the mortgage program, which will provide around five thousand accommodations. According to Marketinfo, the mortgage program will be effective in decreasing pollution and other associated social problems. This, along with several air pollution protests last winter, will likely galvanize the Cabinet to approve the application of the program in the second quarter of 2018.



Published Date:2018-03-23