- Application, resume (bank model), 1 copy of photo, ID card
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Social Security Reference
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Description of residence
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Description of the organization
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Account Statement
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Other Evidence Required by the Bank
Categories
Terms | Savings and loans | |
Maximum Loan Amount |
The combined amount of the loan and interest will not exceed the balance of the savings
|
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Loan interest /annual/
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Branch Loans
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|
More than 1 billion MNT /Deposit balance/
|
Annual deposit interest +4% | |
From MNT 500,000,001 to MNT 1 billion /Deposit balance/
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Annual deposit interest +5% | |
Up to 500,000,000 MNT /Deposit balance/
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Annual deposit interest +6% | |
Online loan : Annual interest of deposit + 6%
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Loan currency | MNT | |
Loan Term
|
The deposit is determined by the expiration date
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|
Loan Fees
|
0% | |
Fee for changes to original loan conditions
|
0% | |
Application Fee
|
0 MNT |
Actual cost /annual/: Annual interest of deposit + 4%-6%
Mortgage Loans
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Real Estate Mortgages for Residential or Commercial Purposes
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Apartment and house mortgaged loan
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Vehicle Mortgage
|
Maximum loan amount
|
Up to 40,000,000 MNT |
Up to 20,000,000 MNT
|
Up to 10,000,000 MNT
|
Loan interest /month/
|
2.3%-1.6% |
||
Loan Interest /annual/
|
27.6%-19.2% | ||
Loan Term
|
Up to 24 months
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Up to 12 months
|
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Service fee
|
1% of the loan amount
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Increased interest
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The increased interest rate is equal to 20% of the principal interest rate
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||
Fee of Changes to the Original Loan Term
|
1.0% of the loan balance or the maximum amount is 1,000,000 MNT
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Application Fees
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10,000 MNT |
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Credit database reference fee
|
Citizen – 1,000 MNT, Organization – 1,000 MNT |
Actual cost/annual/: 20.3%-28.7%