| Conditions | Floating interest savings collateralized loan | |
| Loan amount | The total amount of loan and interest does not exceed 90% of the term deposit | |
| Loan interest rate /annual/ | Loan at branches: | |
| More than MNT 1 billion
/term deposit amount/ |
Annual interest rate of term deposit +4% | |
| MNT 500,000,001 – MNT 1 billion
/term deposit amount/ |
Annual interest rate of term deposit +5% | |
| Up to MNT 500,000,000
/term deposit amount/ |
Annual interest rate of term deposit +6% | |
| Currency of loan | MNT | |
| Term | Determined by maturity date of term deposit | |
| When there is a change in the deposit interest rate | Loan interest rates are subject to change | |
| Service fee | – | |
| Fee for changing the original loan terms | – | |
| Loan application fee | – | |
Author: Tuguldur Bt
Categories
Advantages
- Allows you to make withdrawals from a deposit account every quarter for a calendar week
- Receive interest payments every quarter
- If the policy interest rate announced by the Bank of Mongolia changes, the interest rate on your deposit will change accordingly
Categories
Terms and conditions
| Terms and conditions | ||
| Tenor | MNT | |
| Duration | 12, 18, 24 months | |
| Annual interest rate | Up to 499,999,999 MNT
/Deposit balance/ |
Policy interest rate + 3.0% |
| More than 500 million MNT
/Deposit balance/ |
Policy interest rate + 3.5% | |
| Minimum deposit | 100,000,000 mnt | |
| Interest rate upon early termination of contract/annual/ | 2.0%-4.8% | |
| Interest capitalization | Quarterly | |
| Withdrawal condition | Quarterly | |
| Deposit condition | Possible | |
| As a modification in the policy interest rate | Deposit interest rates are subject to change | |
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
Advantages
- Allows you to make withdrawals from a deposit account every quarter for a calendar week
- Receive interest payments every quarter
- If the policy interest rate announced by the Bank of Mongolia changes, the interest rate on your deposit will change accordingly
Categories
Terms and conditions
| Terms and conditions | ||
| Tenor | MNT | |
| Duration | 12, 18, 24 months | |
| Annual interest rate | Up to 499,999,999 MNT
/Deposit balance/ |
Policy interest rate + 3.0% |
| More than 500 million MNT
/Deposit balance/ |
Policy interest rate + 3.5% | |
| Minimum deposit | 100,000,000 mnt | |
| Interest rate upon early termination of contract/annual/ | 2.4%-4.8% | |
| Interest capitalization | Quarterly | |
| Withdrawal condition | Quarterly | |
| Deposit condition | Possible | |
| As a modification in the policy interest rate | Deposit interest rates are subject to change | |
- Application form for legal entities /download here/;
- An official letter for opening a new bank account;
- Notarized copy of ‘State Registration Certificate’;
- Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of ID card of the authorized personnel to operate the account;
- Additional documents /if necessary/.
Categories
Details
- For Floating interest deposits will earn a bonus interest of up to 3.5% on top of the policy interest depending on the account balance.
- Interest on deposits protected against exchange rate risk will be paid in accordance with the rise and fall of the exchange rate announced by the Bank of Mongolia.
- By order of the Chief Executive officer, the interest rate on MNT deposits can be increased up to 4.0%, the interest rate on USD deposits to 3.0%, and for CNY up to 0.5%.
- Other conditions may be flexibly established with the approval of the Chief Executive officer.
Categories
Details
- For Floating interest deposits will earn a bonus interest of up to 3.5% on top of the policy interest depending on the account balance.
- Interest on deposits protected against exchange rate risk will be paid in accordance with the rise and fall of the exchange rate announced by the Bank of Mongolia.
- By order of the Chief Executive Officer, the interest rate on MNT deposits can be increased up to 4.0%, and the interest rate on USD deposits can be increased to 3.0%.
- With the approval of the Chief Executive Officer, it is possible to flexibly set the interest rate scale, interest payment frequency, and spending conditions for flexible deposits.
-
Other conditions may be flexibly established with the approval of the Chief Executive Officer.
Categories
Benefits
- Offers loans up to 75% of your convertible term deposit, which is the highest percent of potential loan amount;
- No service fee.
| Conditions |
Hedged savings collateralized loan |
|
| Product |
Hedge deposit |
Hedge deposit /High balance/ |
| Loan amount |
Up to 75% of term deposit amount |
|
| Loan interest rate /annual/ |
23.4% |
26.0% |
| Term |
Determined by maturity date of term deposit |
|
| Service fee |
0% |
|
| Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
|
| Fee for changing the original loan terms |
0% |
|
| Loan application fee |
MNT 0 |
|
Categories
Advantages
- At the end of the savings period, you will have a high yield on tugrik
- At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date
- Even if early termination of deposit is occurred, shall have a high yield .
Categories
Terms and conditions
| Account currency | MNT |
| Tenor | 12 months |
| Annual Interest rate | 13.20% |
| Minimum deposit | 50,000,000 MNT |
| Interest rate upon early termination of contract /annual/ | 2.4%-4.8% |
| Interest payments | At the end of the contract |
| Conditions for earning income | Impossible |
| Withdrawals | At the end of the contract |
| Explanation:
At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date. |
|
Categories
Eligibility or required documents
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.