1 TOP 10 COUNTRIES THE SUPER-RICH CALL HOME WWW.RT.COM PUBLISHED:2018/12/17      2 MONGOLIA IMPORTS CHINA'S VEGETABLES WWW.XINHUANET.COM PUBLISHED:2018/12/17      3 MONGOLIAN ENGINEERS MAKING EXCAVATOR DIPPER WWW.MONTSAME.MN PUBLISHED:2018/12/17      4 WHY IS MONGOLIA OVERDOSING ON ANTIBIOTICS WWW.OZY.COM PUBLISHED:2018/12/16      5 MONGOLIA'S CENTRAL BANK KEEPS KEY INTEREST RATE UNCHANGED WWW.XINHUANET.COM PUBLISHED:2018/12/15      6 OVER 36,500 SIGN PETITION URGING UN ATTENTION TO AIR POLLUTION IN MONGOLIAN CAPITAL WWW.XINHUANET.COM PUBLISHED:2018/12/15      7 EXPERTS WARN OF POTENTIAL OBSTRUCTION TO EXPORT PLAN IN 2019 WWW.ZGM.MN PUBLISHED:2018/12/14      8 MONGOLIA'S CRIME CASES UP 14.6 PCT IN FIRST 11 MONTHS WWW.XINHUANET.COM PUBLISHED:2018/12/14      9 CANADIAN COAL PLANTS TO BE PHASED OUT BY 2030 WWW.MINING.COM PUBLISHED:2018/12/14      10 MONGOLIA TO INAUGURATE TRADE REPRESENTATIVES OFFICE IN TOKYO WWW.ZGM.MN PUBLISHED:2018/12/14      МОНГОЛ, ЭНЭТХЭГ УЛС ЭМ ЗҮЙ, БОЛОВСРОЛ, АЯЛАЛ ЖУУЛЧЛАЛААР ХАМТРАН АЖИЛЛАХ БОЛОМЖТОЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/12/17     ҮСХ: НҮҮРСНИЙ ЭКСПОРТ САРЫН ДҮНГЭЭР 38%-ИАР БУУРАВ WWW.MONGOLIANMININGJOURNAL.COM НИЙТЭЛСЭН:2018/12/14     МАЛ ТООЛЛОГО ҮРГЭЛЖИЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/12/14     CHANGE.ORG: УЛААНБААТАР ХОТЫН АГААРЫН БОХИРДЛЫН ЭСРЭГ ӨРГӨДӨЛ 35 МЯНГАН ДЭМЖИГЧТЭЙ БОЛЛОО WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/14     990 АЙЛЫГ 0,4КВТ-ЫН ЭРЧИМ ХҮЧНИЙ ЭХ ҮҮСВЭРТ ХОЛБОЛОО WWW.UNUUDUR.MN  НИЙТЭЛСЭН:2018/12/14     МОНГОЛ, ЯПОН ХОЁР УЛСЫН ЕРӨНХИЙ САЙД НАР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/12/14     УЛААНБААТАР ХОТЫН ИНФЛЯЦИ 9.3 ХУВЬ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/14     ЧАНАРГҮЙ ЗЭЭЛИЙН ХЭМЖЭЭ ӨМНӨХ ОНЫ МӨН ҮЕЭС 911 ТЭРБУМ ТӨГРӨГӨӨР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/14     АЛТНЫ ИЛ ТОД БАЙДАЛ ХУМИГДАЖ БОЛЗОШГҮЙ WWW.ZGM.MN НИЙТЭЛСЭН:2018/12/14     АГААРЫН БОХИРДЛЫГ БУУРУУЛАХАД БНСУ-ЫН БАНКНААС 60 САЯ АМ.ДОЛЛАР ЗЭЭЛНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/13    

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