|
Luxury apartment loan |
Terms |
|
Loan size |
Up to MNT 2.0 billion |
|
Down payment |
Greater than or equal to 20% |
|
Loan interest rate /monthly/ |
1.60%-1.80% |
|
Loan period |
Up to 120 months |
|
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 / The maximum amount is equivalent to MNT 1,000,000 / |
|
Loan Application fee |
MNT 10,000 |
|
Credit recording enquiry fee /For each/ |
Individual – MNT 1,000 Corporate – MNT 1,000 |
* Effective percentage rate /annual/: 19.52%-21.93%