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The highest interest rate;
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You can make income and expenses transaction whenever you want;
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Receive deposit interest on every month;
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You can manage your account by the Transbank application;
Categories
Flexible term deposit |
Conditions |
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Currency |
MNT |
USD |
JPY |
|
Terms |
3 months |
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Interest /annual/ |
0 – 99,999,999 MNT and equivalent currency |
8.0% |
2.0% |
1.5% |
100,000,000 – 499,999,999 MNT and equivalent currency |
9.0% |
2.25% |
1.75% |
|
More than 500,000,000 MNT or equivalent currency |
10.0% |
2.5% |
2.0% |
|
Minimum balance |
10,000 MNT |
10 USD |
1,000 JPY |
|
Interest payment |
Monthly |
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Withdrawal |
Possible |
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Income |
Possible |
Initial public offering:
Private placement /Over-the-counter market/:
Issuing additional shares
Issuing asset-backed securities
Loan amount |
Up to 30 million/The maximum loan amount should not exceed 60% of the average of the last 6 months sales/ |
Loan interest /monthly/
|
1.60%-1.80% |
Loan interest /annual/ |
19.20%-21.60% |
Loan term |
Up to 12 months |
Loan service fee |
0% |
Commitment interest
|
2.8% |
Credit reference fee |
For each inquiry during loan application (Citizen, Organization) – 1,000 MNT |
Actual cost /annual/:19.3%-21.7%