|
Conditions |
New electric car |
|
Loan amount |
For new (unused) vehicles
|
|
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 |
The purchased vehicle |
|
Supplier’s fee |
1%, regulated under 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 passenger and SUV electric vehicles |
Actual cost /annual/: 17.1%-19.5%