Category: Housing Loan

A housing loan, build a real estate with a temporary mortgage, or finance an unfinished building.

Terms and conditions

Housing loan		MNT			USD
Loan interest	Down Payment /Percentage of Housing Prices/	30.0%-39.9%	40.0%-49.9%	50.0% or more	Below 30.0%	30.0% or more
	Loan interest /month/	1.80%	1.70%	1.60%	1.35%	1.00%
	Loan interest /annual/	21.60%	20.40%	19.20%	16.20%	12.00%
Term of loan		Up to 180 months
Loan Benefits		1% of the loan amount or the maximum amount is 1,500,000 MNT or equivalent currency
Increased interest		The increased interest rate is equal to 20 percent of the basic interest rate
Benefits of Changes to the Original Loan Term		1% of the loan balance
Application Fee		10,000 MNT
Credit database reference fee		For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Requirements

Must have been employed by the organization for at least 1 year,
Must have self-financed at least 30 percent of the total cost;
Up to 60 percent of after-tax income must be sufficient to cover the total monthly interest payments;
Other banks and financial institutions have no overdue or poor quality loan balances.

Eligibility or required documents

Post author By Batbayar
Post date May 16, 2022
No Comments on Eligibility or required documents

Loan application form / sample bank application form /
Handwritten application of the loan seeker / loan amount, loan period, eligibility for housing loan are clearly stated/
1% photo
Identity card
The apartment sale and purchase agreement, director’s agreement, approved budget
Organizational salary definition
Other required documents