Category: Energy-Efficient Loan

As part of the green development strategy and plan implementation policy, the loan aims to improve the efficient use of energy in the area of ​​Ulaanbaatar\’s residential area and reduce energy consumption in the construction sector.

Categories
Energy-Efficient Loan

Terms and conditions

Conditions MNT
Maximum loan amount 70,000,000 MNT
Loan interest /monthly/ 1%
Loan interest /annual/ 12%
Term of loan Up to 120 months
Down payment From the applicant: At least 10 percent of the loan amount
From the GIZ project: 30% of the loan amount or up to 18,000,000 MNT
Service fee 1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest Equal to 20% of the loan interest
Fee for changes original loan conditions
 Up to 1% of the loan balance /Maximum amount 1,000,000 MNT/
Application fee 10,000 MNT
Credit database reference fee
 For each inquiry during the loan /Citizen, Organization/ – 1,000 MNT
Categories
Energy-Efficient Loan

Requirements

  • The loan applicant must be a citizen of Mongolia who has reached the age of 18;
  • Not having overdue or bad credit balances in banks and financial institutions;
  • Full-time employee who has worked stably in the organization for at least 12 months;
  • Obtain insurance in accordance with relevant laws and regulations until the end of the loan term;
  • Eligible for this loan for the construction of energy-efficient residential units that meet the project criteria and for the purchase of contracted townhouse;
  • Must have self-financed at least 10 percent of the total cost;
Categories
Energy-Efficient Loan

Eligibility or required documents

  • Loan application /from bank/
  • Identity card
  • Receipt of advance payment
  • A down payment must have been deposited TransBank;
  • Proof of the source of financing for the down payment of the apartment to be purchased;