Categories
Business Purpose Property purchase loan

Terms and conditions

Conditions MNT
Loan amount The amount shall not exceed the total purchase price of the real estate.
Loan terms up to 60 months
Loan interest /month/ 1.6% – 2.0%
Loan interest /annual/ 19.2% – 24.0%
Service fee 1% of the loan amount or the maximum amount is 3,000,000 MNT
Increased interest The increased interest rate is equal to 20% of the principal interest rate
Collateral The purchased real estate
Advance payment 20% 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 Term Loan balance up to 1% /Maximum amount 1,000,000/
Application Fee 30,000 MNT

Actual cost /annual/: 21.1%-25.3%