|
Terms |
MNT |
|
Loan size |
Up to MNT 70.0 million |
|
Monthly interest rate |
1.00% |
|
Annual interest rate |
12.00% |
|
Loan period |
180 months |
|
Down payment |
The loan applicant: Not less than 10% percent of the loan amount |
|
Funded by GIZ: Up to 30% of the loan amount or up to 18,000,000 MNT |
|
|
Loan origination fees |
Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000 |
|
Penalty interest rate |
Equivalent to 20 percent of the base interest rate |
|
Loan forbearance fee |
Amounts to about 1% of total loan balance /Maximum amount 1,000,000 MNT/ |
|
Loan application fee |
MNT 10,000 |
|
Credit recording enquiry fee /For each/ |
Individual – MNT 1,000 |
* Effective percentage rate /annual/: 12.19%