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 MNT |
10 USD |
10,000 MNT |
10 USD |
Interest payment conditions |
End of the period |
|||
Debit transactions conditions |
Allowed |
|||
Credit transactions conditions |
At maturity |
|||
|
Loan currency |
MNT |
| Maximum Loan Amount |
The total amount of loan and interest does not exceed 90% of the deposit; |
|
Loan Term |
The loan term is equal to the maturity date of the deposit |
| Loan interest rate /annual/ |
Deposit annual interest + 4%, 5%, or 6% (depending on the deposit balance) |
|
If the deposit interest rate changes
|
the loan interest rate will also change accordingly
|
|
Penalty interest
|
20% higher than the regular interest rate
|
|
Application Fee |
– |
| Service fee |
– |
|
Fee for changes to the original loan conditions |
0% |
|
Credit database reference fee
|
No fee |
Actual cost /annual/: Annual interest of deposit + 4%-6%
|
Product |
Hedged | Hedged /High value/ |
| Maximum Loan Amount |
Up to 75% of the total deposit amount |
|
|
Loan interest rate /annual/ |
23.40% | 26.00% |
| Loan Term |
The loan term is equal to the maturity date of the deposit |
|
|
Loan disbursement fee |
0% | |
| Fee for changes to the original loan conditions |
0% |
|
|
Application Fee |
0 MNT | |
|
Credit database reference fee
|
No fee |
|
Actual cost /annual/: 23.4%-26%