Mortgage loan
Mortgage loans with flexible interest rates and terms depending on the down payment for customers who want to buy a new home or upgrade their existing home.
Terms and conditions

Mortgage loan




Maximum limit

Up to 500.000.000 MNN or equivalent of USD

The loan analysis will be conducted using a standard form. The loan analysis will examine the borrower’s ability to repay the loan and assess the financial difficulties that the borrower may face. The total loan and interest payments of the borrower on a monthly basis shall not exceed 60% of debt-to-income.

Down payment


If additional property is pledged the down payment amount can be decreased down to 0%

Interest rate

Down payment

 /Percentage of housing value /

Additional pledged property or 20.0%-29.9% of the amount  30.0%-39.9% 40.0%-49.9% 50.0% or above Additional property pledged

20% or above

Interest rate/monthly/ 

1.80% 1.70% 1.65% 1.60% 1.35% 1.00%
Interest rate/annually/ 21.6% 20.4% 19.8% 19.2% 16.2%



Up to 360 months

Up to 120 months

Service fee

1% of the loan amount /maximum MNT 1,500,000/ or equivalent currency

Penalty interest rate

Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate

Fee for changing the original loan terms

1% of the loan balance

Loan application fee 

10,000 MNT
Credit recording enquiry fee /during loan analysis procedure/

Individual – 1,000 MNT

Corporate – 1,000 MNT

* Effective percentage rate /annual/: MNT 20.40%-21.86%

  • The borrower shall have been of steady employment at the current place of work for at least the previous 12 months or running their own business for at least 1 year
  • The total monthly loan repayment should be no more than 60% of the post-tax income 
  • No overdue loans or non-performing loans at any commercial bank or financial institution
Eligibility or required documents
  • Loan application form /attached /
  • Handwritten application (terms and condition, a purpose of loan should be clearly addressed)
  • A passport-sized photo
  • Notarized copy of ID;
  • Proof of down payment (proof of payment of at least 30% of the apartment, or proof of ability to pay or the deposited account statement)
  • Statement of savings account that covers the down payment or related evidence
  • Salary income statement by the employer, should indicate / whether the employee is able to work permanently in the future/
  • Notarized copy of social insurance book/ should include a page nomination of current position/ 
  • Residential reference letter from Governor of resident area (names of family members, registration number/
  • Original and copy of employment contract 
  • Documents proving household and business income
  • Documents proving business activities
  • Account statement / proof of income documents/
  • Original documents for the collateral (if it is the apartment, real estate certificates)
  • Detailed inquiries about the property from the Land Office and GASR
  • If you have a loan balance with other banks and NBFIs, loan agreement, loan account statement and loan and interest payment documents
  • Other required documents