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No additional collateral is required
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It will be resolved quickly and in a short period of time
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Lowest interest rates
Electric Car loan
For customers who prioritize environmentally friendly consumption, we offer an Electric Car Loan to help you make a sustainable choice with ease.
Benefits
Terms and conditions
|
Conditions |
New electric car |
|
Loan amount |
be not used
|
|
up to 300,000,000 MNT |
|
|
Loan terms |
up to 48 months |
| Loan interest /month/ |
1.4% – 1.6% |
|
Loan interest /annual/ |
16.8% – 19.2% |
| Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT |
|
Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
| Collateral |
Car to buy |
|
Fees from suppliers |
1% or regulated by the'Cooperation Agreement” |
| Benefits of Changes to the Original Loan Term |
Loan balance up to 1% /Maximum amount 1,000,000/ |
|
Advance payment |
30% |
| Car seller |
Official Representative and Supplier Organization |
|
Application Fee |
10,000 MNT |
| Loan purposes |
All types of electric motors include seat cars and rough road cars |
Actual cost /annual/: 17.1%-19.5%
Requirements
- Last 12 months continuous business experience;
- Good credit history;
- Other requirements set by the bank;
Required documents
- Loan application letter;
- A copy of the certificate and charter must be certified by a notary;
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Certificate of collateral and related documents;
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Description of the place of residence;Other materials necessary by the Bank;
