Categories
Business purpose property purchase loan

Terms and conditions

ConditionsMNT
Loan amountThe amount shall not exceed the total purchase price of the real estate.
Loan termsup to 60 months
Loan interest /month/1.6% – 2.0%
Loan interest /annual/19.2% – 24.0%
Service fee1% of the loan amount or the maximum amount is 3,000,000 MNT
Increased interestThe increased interest rate is equal to 20% of the principal interest rate
CollateralThe purchased real estate
Advance payment20% If additional real estate is provided as collateral, the down payment may be reduced to as low as 0%.
Benefits of Changes to the Original Loan TermLoan balance up to 1% /Maximum amount 1,000,000/
Application Fee30,000 MNT

Actual cost /annual/: 21.1%-25.3%