Author: Batbayar

Categories
Correspondent Banks

List of Correspondent Banks

                                        

BANK

CURRENCY

ACCOUNT NUMBER

SWIFT CODE

LOCATION

‎‎‎‎                                                     

THE BANK OF NEW YORK MELLON

USD

8901797057

IRVTUS3N

NEW YORK, USA

OVERSEA-CHINESE BANKING CORPORATION /OCBC/

USD

503-558751-301

OCBCSGSG

SINGAPORE

SGD

717-370571-001

HKD

503-295065-201

DBS BANK

SGD

037-003681-0

DBSSSGSG

SINGAPORE

‎

SUMITOMO MITSUI BANKING CORPORATION

JPY

5402

SMBCJPJT

TOKYO, JAPAN

KEB HANA BANK

USD

0963THR003000018

KOEXKRSE

SEOUL, KOREA

COMMERZBANK AG

EUR

400878504000EUR

COBADEFF

FRANKFURT, GERMANY

GBP

400878504000GBP

‎

BAYERISCHE LANDESBANK

EUR

6370716

BYLADEMM

MUNICH, GERMANY

‎

PT BANK NEGARA INDONESIA

USD

766022285

BNINIDJA

JAKARTA, INDONESIA

‎

‎

BANK OF CHINA

USD

150889705214

BKCHCNBJ880

HOHHOT, CHINA

CNY

155689709276

‎

CHINA CONSTRUCTION BANK

CNY

15001658408052502829

PCBCCNBJNME

ERLIAN, CHINA

‎

AGRICULTURAL BANK OF CHINA

CNY

05999901040000327

ABOCCNBJ050

HOHHOT, CHINA

‎

‎

BANK OF INNER MONGOLIA

USD

115914236010000466

HSSYCNBH010

ERLIAN, CHINA

CNY

115901236010000573

‎

‎

‎

ZHEJIANG CHOUZHOU COMMERCIAL BANK

USD

15601142320800002742

CZCBCN2X

HANGZHOU, CHINA

EUR

15601382320800001875

CNY

15601012320890002740

‎

AKBANK

TRY

TR300004600999888000000090

AKBKTRIS

ISTANBUL, TURKEY

‎

‎

‎

‎

INTERNATIONAL BANK FOR ECONOMIC COOPERATION

EUR

30111978300000001734

IBECRUMM

MOSCOW, RUSSIA

USD

30111840700000001734

RUB

30111810400000001734

CNY

30111156100051001734

Categories
Housing Loan

Terms and conditions

Housing loan MNT

USD
Loan interest
Down payment /as percentage of house price/
 30.0%-39.9% 40.0%-49.9%
50.0% or more
Below 30.0%
30.0% or more
Loan interest /month/
 1.80% 1.70% 1.60% 1.35% 1.00%
Loan interest /annual/ 21.60% 20.40% 19.20% 16.20%

12.00%
Term of loan
Up to 180 months
Loan Disbursement Fee
1% of the loan amount or the maximum amount is 1,500,000 MNT or equivalent currency
Increased interest
 The increased interest rate is equal to 20 percent of the basic interest rate
Benefits of Changes to the Original Loan Term
1% of the loan balance
Application Fee
10,000 MNT
Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.3%-21.7%

Categories
Housing Loan

Requirements

  • Must have been employed by the organization for at least 1 year,
  • Must have self-financed at least 30 percent of the total cost;
  • Up to 60 percent of after-tax income must be sufficient to cover the total monthly interest payments;
  • Other banks and financial institutions have no overdue or poor quality loan balances.
Categories
Housing Loan

Eligibility or required documents

  • Loan application form / sample bank application form /
  • Handwritten application of the loan seeker / loan amount, loan period, eligibility for housing loan is clearly stated/
  • 1 passport-sized photo
  • Identity card
  • The apartment sale and purchase agreement, director’s agreement, approved budget
  • Organizational salary reference
  • Other required documents
Categories
Mortgage Loan

Requirements

  • The applicant for the principal loan must not be a participant in any subsidized housing loan or rent-to-own housing program implemented or currently being implemented by the Government;
  • The apartment to be purchased does not exceed 80 square meters, is used for public purposes or received by the state commission, and is used for living;
  • To be able to pay/pay the advance payment;
  • The main loan applicant must have been employed in the organization in the last 1 year and the co-loan applicant in the last 6 months, or the loan applicant must have worked in the business in the last 2 years and the co-loan applicant in the last 6 months;
  • The applicant and the co-loan applicant must have no overdue loans;
  • Monthly loan payments must not exceed 45% of income before tax;
  • Get insurance and pay insurance related fees;
Categories
Mortgage Loan

Eligibility or required documents

  • Loan application /from bank/
  • Identity card;
  • 1 passport-sized photo taken within the last 6 months
  • Description of the residence committee;
  • Marriage certificate;
  • Income and expenditure documents;
  • Copy of purchase agreement/order agreement;
  • Copies of collateral (apartment to be purchased)
  • Proof of payment or ability to pay the down payment
  • Others
Categories
Apartment Mortgage Loan

Terms and conditions

Apartment Mortgage Loan

Conditions

MNT

USD
Maximum loan amount
Up to 500,000,000 MNT or equivalent USD
A credit analysis is conducted using a standard form that examines the borrower’s ability to pay and the financial difficulties the borrower may face, and the borrower’s total monthly loan and interest payments, debt-to-income ratio is not more than 60%
Down Payment 20%
0% down payment required if an additional property is mortgaged
Loan interest Advance payment /Proportion of the price of the apartment/

20.0%-29.9% of the value of the additional mortgage or the apartment

 30.0%-39.9% 40.0%-49.9%
50.0% or more
If an additional apartment is mortgaged

20% or more
Loan interest /month/

1.80%

 1.70% 1.65% 1.60% 1.35%

1.00%
Loan interest /annual/

21.6%

 20.4% 19.8% 19.2% 16.2%

12.0%
Term of loan

Up to 360 months

Up to 120 months
Service fee

1% of the loan amount or the maximum amount is 1,500,000 MNT or equivalent currency
Increased interest

Equal to 20 percent of the loan interest
Fee of Changes to the Original Loan Term

Up to 1% of the loan balance / Maximum amount 1,000,000 MNT
Application Fee

10,000 MNT
Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.3%-21.7%

Categories
Apartment Mortgage Loan

Requirements

  • Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
  • Up to 60% of the after-tax income is sufficient to pay the total monthly loan payments;
  • No overdue or non-performing loans in other banks and financial institutions.
Categories
Apartment Mortgage Loan

Eligibility or required documents

  • Loan application /from bank/
  • Identity card
  • Description of the place of residence
  • Receipt of down payment
  • Organizational salary reference
  • Social Security reference
  • Other required documents
Categories
Credit Line

Terms and conditions

Credit line

 MNT USD EUR CNY JPY
Maximum loan amount

The maximum loan amount will be determined depending on the size of the business, its capital, and financial capacity

Loan interest /month/

 2.0%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%
Loan interest /annual/ 24.0%-19.20% 18.0%-13.20% 14.4%-10.20% 14.4%-10.20%

10.8%-10.20%
Commitment interest /annual/
 2.80%-4.2% 2.0%-3.60% 1.50%-3.0%
Term of loan Up to 60 months

Up to 36 months

Service fee

 1% of the loan amount or the maximum amount is 1,500,000 MNT 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY
Penalty interest

20% higher than the regular interest rate

Fee for changes to the original loan terms

0%
Application Fee

30,000 MNT
Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.7%-24.5%