Author: Batorgil E

Categories
Floating interest deposit

Benefits

  • Highest interest rates;
  • Earn your interest on quarterly basis;
  • Withdrawals are allowed for 7 calendar days in each quarter;
  • Deposit transactions are allowed anytime;
Categories
Floating interest deposit

Terms and conditions

Currency

MNT

Terms

12, 18, 24 months

Annual Interest

Up to 499,999,999 /Deposit balance/

Policy interest rate +3.0%

More than MNT 500 million /Deposit balance/

Policy interest rate + 3.5%

Minimum balance

100,000,000 MNT

Interest payment on early termination

2.4%

Interest payment conditions

Quarterly

Withdrawal condition

Quarterly

Deposit transactions

Possible

Changes in policy rates

Deposit interest rates to change
Categories
Floating interest deposit

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizen’s ID card;
  • For Foreign citizens: Passport and Residence permit in Mongolia;
Categories
Flexible term deposit

Benefits

  • The highest interest rate;
  • You can make deposits and withdrawals;
  • Receive interest on a monthly basis;
  • You can manage your account by the Transbank application;
Categories
Flexible term deposit

Terms and conditions

Flexible term deposit

Conditions
Currency

MNT

 USD JPY
Terms

3 months
Nominal interest rate 0 – 99,999,999 MNT and equivalent currency

6.0%

 2.0%

1.5%
100,000,000 – 499,999,999 MNT and equivalent currency

7.0%

 2.25%

1.75%
More than 500,000,000 MNT or equivalent currency

8.0%

 2.5%

2.0%
Effective interest rate 0 – 99,999,999 MNT and equivalent currency

6.17%

 2.02%

1.51%
100,000,000 – 499,999,999 MNT and equivalent currency

7.23%

 2.27%

1.76%
More than 500,000,000 MNT or equivalent currency

8.30%

 2.53%

2.02%
Minimum balance

10,000 MNT

 10 USD

1,000 JPY
Interest payment

Monthly
Withdrawal

Allowed
Deposit

Allowed

Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.

Categories
Flexible term deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy of the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Home

Terms and conditions

Loan amount

 Up to 30 million/The maximum loan amount should not exceed 60% of the average of the last 6 months sales/
Loan interest /monthly/

1.60%-1.80%

Loan interest /annual/

 19.20%-21.60%
Loan term

Up to 12 months

Loan service fee

 0%
Commitment interest

2.8%
Credit reference fee

For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost /annual/:19.3%-21.7%

Categories
Home

Requirements

  • Be a self-employed woman entrepreneur;
  • Be the owner of the Gerege POS device and Transbank POS device, and the contract for using the device during the loan period is valid;
  • Experience of continuous business for the last 6 months, business income received at least in the last 6 months through current account in TransBank;
  • Having no overdue or non-performing loan balances in other banks and NBFI;
  • The loan applicant’s debt to total income ratio should be 60%
Categories
Home

Eligibility or required documents

  • Loan application;
  • A copy of the registration certificate issued by the State Registration authorities and Company charter;
  • Identity card;
  • Other banks and financial institutions loan contract, loan accounts statement;
  • Collateral documents and guarantee agreements (if applicable);
  • Special licenses, business plans and other documents related to business activities;
Categories
Savings backed loan

Benefits

  • No additional documents required;
  • Quick and easy access to a loan;
  • Apply and manage your loan through Online Banking;