| Conditions | |
|
Maximum Loan Amount
|
Not more than 70 percent of the value of the apartment /In cases where the apartment is pledged as collateral for the down payment, this percentage requirement shall not apply/ |
| Down payment |
30% or more
|
| Loan interest /annual/ | 6.00% |
| Loan terms | Up to 360 months |
| Service fee |
1% of the granted loan amount or /up to 1,500,000 MNT/
|
|
Increased interest
|
Equal to 20 percent of the basic interest rate
|
|
Application Fee
|
10,000 MNT |
|
Credit database reference fee |
For each inquiry during the loan/Citizen, Organization/ – 1,000 MNT |
Actual cost /annual/: 6.1%
