- Flexible and favorable conditions
- Quick loans available
Overdraft loan for individual current accounts
We offer a short-term overdraft loan product designed for individuals.
Benefits
Terms and conditions
|
Conditions /MNT/ |
Overdraft Loan for salary account |
Overdraft Loans for current account |
|
Minimum balance of account |
0 MNT | |
| Interest rate of account /annual/ |
According to'General Terms and Conditions of the Bank’s Service Fees and Charges” |
|
|
Maximum Loan Amount |
Up to 20% of the average monthly income of the last 12 months | |
| Basic interest rate /annual/ | 18.0% |
19.2% |
|
Basic interest rates Increased Interest /annual/ |
21.6% | 24.0% |
| Period of use | up to 12 months |
up to 12 months |
| Repayment period |
30 days /counting from the day use/ |
|
|
Service Fee |
1% of the amount or the maximum amount is 1,000,000 MNT | |
| Benefits of Changes to the Original Loan Term |
1% of the amount or the maximum amount is 1,000,000 MNT |
|
|
Application Fee |
10,000 MNT | |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
|
Eligibility or required documents
- Loan application /from bank/, 1 copy of photo
- Identity card
- Description of the place of residence
- A document confirming the purpose of the loan
- Other required documents
