Real estate secured loan
Finances unexpected business needs secured by quickly marketable real estate.
Terms and conditions
Loan conditions
Maximum loan amountUp to 500,000,000 MNT
Loan interest /annual/19.2%-24.0%
Loan interest /monthly/1.6%-2.0%
Loan termsup to 36 months
Service Fees1% of the loan amount or the maximum amount is 3,000,000 MNT
Increased interestThe increased interest rate is equal to 20% of the loan interest rate
CollateralBusiness-use real estate, apartments, private houses, and heated parking spaces that can be quickly sold.
Application Fee30,000 MNT

Actual cost /annual/: 21.1%-25.9%

Requirements
  • Experience in continuous business over the past 12 months;
  • Qualify for collateral (immovable and movable assets);
  • Other requirements of the bank;
Eligibility or required documents
  • Loan application letter;
  • Loan application /from Bank/;
  • A copy of the certificate and charter must be certified by a notary;
  • Financial report certified by audit and tax office /last 1-3 years/;
  • Collateral information, related documents;
  • Other documents;