Author: Batorgil E

Categories
Term Deposit

Benefits

  • High interest rates in the short term;
  • Deposit transactions are allowed anytime;
Categories
Term Deposit

Terms and conditions

Term

 6 months 12 months
Currency MNT USD MNT

USD

Interest /annual/

 11.0% 4.0% 14.0% 4.0%
Interest payment on early termination 2.4% 1.2% 2.4%

1.2%

Interest payment on early termination

 10,000 төгрөг 10 ам.доллар 10,000 төгрөг 10 ам.доллар
Interest payment conditions

End of the period

Debit transaction conditions

 Possible
Credit transaction conditions

End of the period
Categories
Term Deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy 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
Term savings

Benefits

  • High interest rates in the short term;
  • Deposit transactions are allowed anytime;
Categories
Term savings

Terms and conditions

Term

 6 months 12 months
Currency MNT USD MNT

USD

Interest /annual/

 11.0% 4.0% 14.0% 4.0%
Interest payment on early termination 2.4% 1.2% 2.4%

1.2%

Interest payment on early termination

 10,000 төгрөг 10 ам.доллар 10,000 төгрөг 10 ам.доллар
Interest payment conditions

End of the period

Debit transactions conditions

 Possible
Credit transactions conditions

End of the period
Categories
Term savings

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and certificate of alien registration
Categories
Floating interest savings loan

Benefits

  • Loans up to 90% of your savings, or the highest possible rate;
  • There is no fee for the loan;
Categories
Floating interest savings loan

Terms and conditions

Loan currency

 MNT
Maximum Loan Amount

he total amount of loan and interest does not exceed 90% of the deposit;

Loan Term

The deposit is determined by the expiration date
Loan interest rate /annaul/

Annual interest + 4%, 5% and 6% /depends on the balance of deposits/
When Savings Interest Rates Change:
Changes to Interest Rates
Increased interest
The increased interest rate is equal to 20% of the principal interest rate

Application Fee

 –
Service fee

–

Benefits of Changes to the Original Loan Term

 –
Credit database reference fee
 No fee

Actual cost /annual/: Annual interest of deposit + 4%-6%

Categories
Floating interest savings loan

Eligibility or required documents

  • Loan application and bank application;
  • Identity card;
  • If the loan applicant is a trusted representative, who is authorized to take out the loan;
Categories
Hedged savings loan

Benefits

  • Loans up to 75% of your savings, or the highest possible rate;
  • There is no fee for the loan;