Loan services

Convertible savings collateral loan

If you hold a convertible deposit with our bank, you can use it as collateral to quickly obtain a loan.

Benefits

Terms and conditions

Convertible savings collateral loan	When a foreign currency loan is issued against an MNT deposit
Maximum Loan Amount	Up to 80% of the total deposit amount
Loan interest rate /annual/	Savings Annual Interest + 6.0%
Loan Term	The loan term is equal to the maturity date of the deposit
Loan Benefits	0%
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Loan disbursement fee	0%
Application Fee	–

Actual cost /annual/: Annual interest of deposit + 6%

Eligibility or required documents

Loan application form (bank template);
Identity card;
If the loan is applied for under a power of attorney, the document must explicitly state the authority to obtain the loan;