- Loan application form (bank template), ID card, 1 passport-size photo
-
Social Security Reference
-
Description of residence
-
Description of the organization
-
Account Statement
-
Other documents as 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 | |
| Loan interest /annual/ | Branch Loans | |
| More than 1 billion MNT /Deposit balance/ | Annual deposit interest +5% | |
| Up to 1 billion MNT /Deposit balance/ | Annual deposit interest +6% | |
| Online loan: Annual interest of deposit + 6% | ||
| Loan currency | MNT | |
| Loan Term | The loan term is determined by the maturity date of the deposit | |
| Loan Fees | 0% | |
| Fee for changes to original loan conditions | 0% | |
| Application Fee | 0 MNT | |
Actual cost /annual/: Annual interest of deposit + 5.00%-6.00%
|
Loan conditions |
|
| Maximum loan amount |
Up to 100,000,000 MNT |
| Loan interest /month/ |
1.5%-2.1% |
| Loan Interest /annual/ |
18.0%-25.2% |
| Loan Term |
Up to 30 months |
| Service fee |
1% of the loan amount |
| Collateral |
Apartments, residential houses and motor vehicles. |
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
| Fee of Changes to the Original Loan Term |
1.0% of the loan balance or the maximum amount is 1,000,000 MNT |
| Application Fees |
10,000 MNT |
| Credit database reference fee |
Citizen – 1,000 MNT, Organization – 1,000 MNT |
Actual cost/annual/: 18.85%-26.08%