|
Mortgage loans |
Terms |
|
Loan Size |
Loan-to-value ratio shall not exceed 70% of the apartment to be purchased; / This percentage does not need to be taken into account when collateral is property/ |
| Down payment |
30% ≥ |
|
Interest rate /annual/ |
6.00% |
|
Loan period |
Up to 360 months |
|
Loan origination fees |
Amounts to about 1% of disbursed loan and MNT 1,500,000 |
|
Penalty interest fee |
Equivalent to 20 percent of the base interest rate |
|
Loan Application fee |
MNT 10,000 |
|
Credit record enquiry fee /For each inquiry/ |
Individual – MNT 1,000 Corporate – MNT 1,000 |
* Effective percentage rate /annual/: 6.09%