Categories
Real estate secured loan

Terms and conditions

Loan conditions
Maximum loan amountUp to 500,000,000 MNT
Loan interest /annual/19.2%-24.0%
Loan interest /monthly/1.6%-2.0%
Loan termsup to 36 months
Service Fees1% of the loan amount or the maximum amount is 3,000,000 MNT
Increased interestThe increased interest rate is equal to 20% of the loan interest rate
CollateralBusiness-use real estate, apartments, private houses, and heated parking spaces that can be quickly sold.
Application Fee30,000 MNT

Actual cost /annual/: 21.1%-25.9%

Categories
Real estate secured loan

Requirements

  • Experience in continuous business over the past 12 months;
  • Qualify for collateral (immovable and movable assets);
  • Other requirements of the bank;
Categories
Real estate secured loan

Eligibility or required documents

  • Loan application letter;
  • Loan application /from Bank/;
  • A copy of the certificate and charter must be certified by a notary;
  • Financial report certified by audit and tax office /last 1-3 years/;
  • Collateral information, related documents;
  • Other documents;
Categories
Business purpose property purchase loan

Benefits

  • Promotes business growth
  • Fast and efficient loan approval
  • Low interest rates
Categories
Business purpose property purchase loan

Terms and conditions

ConditionsMNT
Loan amountThe amount shall not exceed the total purchase price of the real estate.
Loan termsup to 60 months
Loan interest /month/1.6% – 2.0%
Loan interest /annual/19.2% – 24.0%
Service fee1% of the loan amount or the maximum amount is 3,000,000 MNT
Increased interestThe increased interest rate is equal to 20% of the principal interest rate
CollateralThe purchased real estate
Advance payment20% 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 TermLoan balance up to 1% /Maximum amount 1,000,000/
Application Fee30,000 MNT

Actual cost /annual/: 21.1%-25.3%

Categories
Business purpose property purchase loan

Requirements

  • Last 12 months continuous business experience;
  • Good credit history;
  • Other requirements set by the bank;

Categories
Business purpose property purchase loan

Required documents

  • Loan application letter;
  • A copy of the certificate and charter must be certified by a notary;
  • Certificate of collateral and related documents;
  • Description of the place of residence;
  • Other materials necessary by the Bank;

Categories
Luxury Residential Loan

Terms and conditions

Conditions

Maximum loan amount

Up to 2,000,000,000 MNT

Down Payment

The down payment shall be 20% or more

Loan interest

19.2% – 24.0%

Term of loan

up to 120 months

Service fee

1% of the loan amount or the maximum amount is 1,500,000 MNT

Increased interest

Equal to 20% of the loan interest

Fee for changes to the original loan terms

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: 21.1%-25.9%

Categories
Luxury Residential Loan

Requirements

  • Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
  • No overdue or non-performing loans in other banks and financial institutions.
Categories
Luxury Residential Loan

Eligibility or required documents

  • Loan application form /bank template/
  • Identity card
  • Household reference issued by the local administration
  • Receipt of down payment
  • Other required documents