The customer offers you a guaranteed term deposit that will pay you a high interest rate in a short period of time.
Categories
Category: Personal Banking
- The ability to add funds to your deposit account any time;
- The maximum interest rate on deposits announced by the bank;
- Manage your bank deposit accounts using online banking services;
- Monthly expenses are available;
| Incentive savings of 6 months | deposit terms |
| Tenors | 6 months |
| Currency | MNT |
| Annual interest rates | 14.0% |
| Interest rate upon early termination of contract /annual/ | 2.4%-4.8% |
| Minimum deposit requirement | 10,000 MNT |
| Interest rate payments | At maturity date |
| Earning conditions | Possible |
| Withdrawal condition | Monthly |
- Customer application form
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
A risk-free savings account that will increase your savings for a certain fixed period, at high interest rate.
Categories
Advantages
- Enjoy the highest interest rate from our bank
- Access and manage your bank term deposit account using online banking services.
- No restrictions are applied for deposit transactions;
Categories
Terms and conditions
| Terms | MNT | USD |
| Tenors | Annual interest rates | |
| 6 months | 11.00% | 4.00% |
| 12 months | 14.00% | 4.00% |
| Interest rate upon early termination of contract /annual/ | 2.40% | 1.20% |
| Minimum deposit requirement | 10,000 MNT | 10 USD |
| Interest rate payments | At maturity date | |
| Withdrawal condition | At maturity date | |
Categories
Fees and charges
Categories
Eligibility or required documents
- Customer application form
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
We offer a loan product for environmentally friendly electric passenger cars and off-road vehicles, catering to customers seeking personal transportation solutions.
Categories
Benefits
- No requirement of additional collateral
- Environmentally friendly, energy efficient and low operating costs
- Long-term, flexible terms
- Prompt solution in short period of time.
Categories
Terms and conditions
| Electric Vehicle Loan | New Vehicle |
| Loan amount | Probably not used |
| Up to 300 million MNT | |
| Loan term | Individuals – Up to 30 months |
| Corporate – Up to 48 months | |
| Interest rate /monthly/ | 1.4% – 1.6% |
| Interest rate /annual/ | 16.8% – 19.2% |
| Service fee | 1% of the loan amount /maximum MNT 1,500,000/ |
| Penalty interest rate | Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
| Collateral | Purchased vehicle as a collateral |
| Down Payment | 30% |
| Bank fee from vehicle supplier | 1% of the loan amount and it’s regulated through “Contractual agreement” |
| Loan application | 10,000 MNT |
| Car dealership | Official distributing company and supplier |
| Credit recording enquiry fee /during loan analysis procedure/ | Individual – MNT 1,000 Corporate – MNT 1,000 |
Categories
Requirements
- The borrower must be employed by the employer for at least 6 months or have consistently run a business for at least 1 year;
- Up to 60% of after-tax income of the borrower must be sufficient for the monthly payment;
- The borrower must not have an outstanding or overdue loans at another bank or NBFI.
- Loan Application / Bank’s application /, 1 passport-sized photo, ID card and its copy;
- Statement of residence;
- Proof of income source documents and account statements;
- Related certificates for purchasing vehicle and invoice of purchasing vehicle from supplier;
- Other documents required by Bank (on a case-by-case basis).