|
Convertible savings collateral loan |
When a foreign currency loan is issued against an MNT deposit |
| Maximum Loan Amount |
Up to 80% of the total deposit amount
|
| Loan interest rate /annual/ |
Savings Annual Interest + 6.0% |
|
Loan Term
|
The loan term is equal to the maturity date of the deposit
|
| Loan Benefits |
0% |
|
Increased interest
|
The increased interest rate is equal to 20% of the principal interest rate |
|
Loan disbursement fee
|
0% |
|
Application Fee
|
– |
Actual cost /annual/: Annual interest of deposit + 6%