Author: Batorgil E

Terms and conditions

Conditions	MNT	USD
Loan amount	Up to 3.5 billion MNT and equivalent currency
Loan interest /month/	2.0%-1.6%	1.5%-1.0%
Loan interest /annual/	24.0%-19.2%	18.0%-12.0%
Committment interest /annual/	4.2%-2.8%	3.6%-2.0%
Loan terms	up to 12 months
Service fee	1% of the loan amount, maximum amount of 1,500,000 MNT and equivalent currency
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Fee for modification of the original loan conditions	0%
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Loan conditions
Loan interest /annual/	3.0%
Loan terms	up to 24 months
Increased interest	The increased interest rate is equal to 20% of the loan interest rate
Service Fees	1% of the loan amount or the maximum amount is 1,500,000 MNT
Application Fee	30,000 MNT
Others	Other requirements and conditions of the Bank of Mongolia
Credit database reference fee	Citizen – 1,000 MNT Organization – 1,000 MNT

Conditions	New electric car
Loan amount	be not used
Loan amount	up to 300,000,000 MNT
Loan terms	up to 48 months
Loan interest /month/	1.4% – 1.6%
Loan interest /annual/	16.8% – 19.2%
Service fee	1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Collateral	Car to buy
Fees from suppliers	1% or regulated by the “Cooperation Agreement”
Benefits of Changes to the Original Loan Term	Loan balance up to 1% /Maximum amount 1,000,000/
Advance payment	30%
Car seller	Official Representative and Supplier Organization
Application Fee	10,000 MNT
Loan purposes	All types of electric motors include seat cars and rough road cars