Author: Batorgil E

Categories
Incentive 6 months deposit

Benefits

  • Highest interest rates;
  • Deposit account that allows monthly withdrawals;
  • Additional deposits allowed anytime;
Categories
Incentive 6 months deposit

Terms and conditions

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

Additional deposits

Allowed

Withdrawal condition

Monthly
Categories
Incentive 6 months deposit

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and Residence permit in Mongolia;
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%-4.8%

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

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

8.30%

 2.02%

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

9.38%

 2.27%

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

10.47%

 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
Microbusiness women support loan

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%