Trade Development Bank Gives Housing Loan Print E-mail
Due to recent global economic slowdown and troubled banking and financial sector commercial banks have stopped housing loans but Trade development bank (TDB) is still providing housing loans of 30-150 million MNT to those who are interested in buying a house or a flat.

Sources say that TDB will give housing loans to individuals who buys house from; Puma construction, Avzaga trade, Jiguur grand, Max and Gangar invest. TDB also provides loans with 1.7% interest for housing decoration and refurbishment. This type of loan ranges from 1-50 million MNT and requirement is that the borrowers have to provide 25% of the loan size.
 
Source: Daily Business News Mongolia
Jan 21, 2009
 
     

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