Author: Batorgil E

Requirements

The loan applicant must be a citizen of Mongolia who has reached the age of 18;
Not having overdue or bad credit balances in banks and financial institutions;
Full-time employee who has worked stably in the organization for at least 12 months;
Obtain insurance in accordance with relevant laws and regulations until the end of the loan term;
Eligible for this loan for the construction of energy-efficient residential units that meet the project criteria and for the purchase of contracted townhouse;
Must have self-financed at least 10 percent of the total cost;

Terms	6 months
Currency	MNT
Annual Interest	14%
Interest payment on early termination	2.4%-4.8%
Minimum balance	10,000 MNT
Interest payment conditions	End of the period
Deposit transaction	Possible
Withdrawal condition	Monthly

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%-4.8%
Interest payment conditions	Quarterly
Withdrawal condition	Quarterly
Deposit transactions	Possible
Changes in policy rates	Deposit interest rates to change

Flexible term deposit		Conditions
Currency		MNT	USD	JPY
Terms	3 months
Interest /annual/	0 – 99,999,999 MNT and equivalent currency	8.0%	2.0%	1.5%
	100,000,000 – 499,999,999 MNT and equivalent currency	9.0%	2.25%	1.75%
	More than 500,000,000 MNT or equivalent currency	10.0%	2.5%	2.0%
Minimum balance		10,000 MNT	10 USD	1,000 JPY
Interest payment		Monthly
Withdrawal		Possible
Income		Possible

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;