Luxury Residential Loan
A loan product designed to help you purchase luxury housing under preferential terms.
Terms and conditions

Conditions

Maximum loan amount

Up to 2,000,000,000 MNT

Down Payment

The down payment shall be 20% or more

Loan interest

19.2% – 24.0%

Term of loan

up to 120 months

Service fee

1% of the loan amount or the maximum amount is 1,500,000 MNT

Increased interest

Equal to 20% of the loan interest

Fee for changes to the original loan terms

Up to 1% of the loan balance / Maximum amount 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

Actual cost: 20.1%-24.9%

Requirements
  • Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
  • No overdue or non-performing loans in other banks and financial institutions.
Eligibility or required documents
  • Loan application form /bank template/
  • Identity card
  • Household reference issued by the local administration
  • Receipt of down payment
  • Other required documents