|
Salary loan |
Conditions |
|
Maximum loan amount
|
Up to 30 million MNT |
|
Loan interest /month/
|
1.5%-2.0% |
| Loan interest /annual/ |
18.0%-24.0% |
| Loan Term |
Up to 30 months |
| Loan Benefits |
1% of the loan amount
|
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
|
Fee for modification of the original loan conditions
|
Up to 1% of the loan balance /Maximum amount 1,000,000 MNT/
|
|
Application Fee
|
10,000 MNT |
|
Credit database reference fee
|
1,000 MNT |
Actual cost/annual/: 19.1%-24.9%