- Secure the necessary financing;
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Fast and efficient loan approval;
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One of the lowest interest rates in the market for this type of loan;
Personal loan
A loan service that enables you to quickly obtain the necessary financing by pledging your own real estate as collateral.
Benefits
Terms and conditions
|
Loan conditions |
|
| Maximum loan amount |
Up to 40,000,000 MNT |
| Loan interest /month/ |
1.5%-2.0% |
| Loan Interest /annual/ |
18.0%-24.0% |
| Loan Term |
Up to 30 months |
| Service fee |
1% of the loan amount |
| Collateral |
Residential real estate |
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
| Fee of Changes to the Original Loan Term |
1.0% of the loan balance or the maximum amount is 1,000,000 MNT |
| Application Fees |
10,000 MNT |
| Credit database reference fee |
Citizen – 1,000 MNT, Organization – 1,000 MNT |
Actual cost/annual/: 19.1%-24.9%
Requirements
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A mortgage may be an asset of your own property;
- Up to 55% of the after-tax income is sufficient to pay the total monthly loan payments;
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Not having overdue bad loan balance in other banks and financial institutions;
Eligibility or required documents
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Application, resume /bank model/, 1 copy of photo, identity card
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Description of the place of residence
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Required documents and bank statements to prove salary or business income
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Certificate of collateral and related documents
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Other materials necessary by the Bank
