- High interest rates in the short term;
- Deposit transactions are allowed anytime;
Categories
Author: Batorgil E
Categories
Terms and conditions
Term |
6 months |
12 months |
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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 |
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Debit transactions conditions |
Allowed |
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Credit transactions conditions |
At maturity |
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Categories
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
- Loan amount up to 90% of your deposit balance;
-
No loan disbursement fee;
|
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%
- Loan application form (bank template);
- Identity card;
- If a loan is to be taken under a power of attorney, the power of attorney must explicitly authorize the taking of the loan;
Categories
Benefits
- Loan amount up to 75% of your deposit balance;
-
No loan disbursement fee;
|
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%
- Loan application form (bank template);
- Identity card;
- If the loan is applied for under a power of attorney, the document must explicitly state the authority to obtain the loan;
Categories
Terms and conditions
|
Conditions /MNT/ |
Overdraft Loans for Corporate |
| Current account minimum balance |
0 MNT |
|
Current account interest /annual/ |
According to “General Terms and Conditions of the Bank’s Service Fees and Charges” |
| Maximum Loan Amount |
Up to MNT 500 million or up to 20 percent of the average current account balance of the last 12 months |
|
Basic interest rate /annual/ |
21.6% |
| Basic interest rates Increased Interest /annual/ |
24.0% |
|
Period of use |
up to 12 months |
| Repayment period |
30 days /counting from the day use/ |
|
Contribution |
1% of the amount or the maximum amount is 1,000,000 MNT |
| Benefits of Changes to the Original Loan Term |
1% of the amount or the maximum amount is 1,000,000 MNT |
|
Application Fee |
30,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |