- Necessary sources of financing;
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Quick and short-term solutions;
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The lowest interest rate;
Mortgage loan
Loan service to get necessary financing by pledging your own real estate or movable property.
Benefits
Terms and conditions
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Mortgage Loans
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Real Estate Mortgages for Residential or Commercial Purposes
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Apartment and house mortgaged loan
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Vehicle Mortgage
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Maximum loan amount
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Up to 40,000,000 MNT |
Up to 20,000,000 MNT
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Up to 10,000,000 MNT
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Loan interest /month/
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2.3%-1.6% |
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Loan Interest /annual/
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27.6%-19.2% | ||
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Loan Term
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Up to 24 months
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Up to 12 months
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Service fee
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1% of the loan amount
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Increased interest
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The increased interest rate is equal to 20% of the principal interest rate
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Fee of Changes to the Original Loan Term
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1.0% of the loan balance or the maximum amount is 1,000,000 MNT
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Application Fees
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10,000 MNT |
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Credit database reference fee
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Citizen – 1,000 MNT, Organization – 1,000 MNT |
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Actual cost/annual/: 20.3%-28.7%
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
