Categories
Movable property and machinery

Terms and conditions

Movable property and machinery MNT USD EUR RMB JPY
Term/monthly/ Up to 60 months
Loan amount The maximum amount of financial lease is 20 billion MNT or equivalent currency
Advance payment Depending on the level of risk, the percentage of advance payment will be set up to 50%. In case of double mortgage of immovable and movable property, the advance payment rate can be reduced and set flexibly.
Interest rate/monthly/ 2.00%-1.60% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00%
Interest rate / annually/ 24.40%-19.20% 16.20%-12.00%  16.20%-12.00%  16.20%-12.00%  16.20%-12.00%
Service fee 1% of the loan amount /maximum MNT 1,500,000/ or equivalent currency
Application fee 30,000 MNT
Other terms Purchased asset on credit must be covered by comprehensive insurance. The client is responsible for the insurance premium.
Credit recording enquiry fee /during loan analysis procedure/ Individual – 1,000 MNT

Corporate – 1,000 MNT

* Effective percentage rate /annual/: MNT 19.73%-24.55%