- Satisfies the client’s financing need;
- Prompt solution in short period of time;
- Offers the lowest interest rate on the market for a collateral loan service.
Categories
Category: Consumer loans with
We offer you a loan service to secure the necessary financing by mortgaging your own real estate and movable property.
Categories
Terms and conditions
| Collateral loan | Apartment and retail real estate collateralized loan | Private home with land – collateralized loan | Transportation vehicle collateralized loan |
| Loan amount | Up to MNT 40,000,000 | Up to MNT 20,000,000 | Up to MNT 10,000,000 |
| Interest rate /monthly/ | 1.6%-2.0% | ||
| Interest rate /annual/ | 19.2%-24.0% | ||
| Loan term | Up to 24 months | Up to 12 months | |
| Service fee | 1% of the loan amount | ||
| 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 | 1% of the outstanding loan / maximum MNT 1,000,000/ | ||
| Loan application fee | MNT 10,000 | ||
| Credit recording enquiry fee /during loan analysis procedure/ | Individual – MNT 1,000 Corporate – MNT 1,000 | ||
Categories
Requirements
- Collateral property must be registered on the borrower’s name;
- 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;
- Original documents of collateral /enquiry of non-collateral from the General Authority of State Registration/;
- Other materials required from Bank.