Category: Loan services

Categories
Convertible savings collateral loan

Terms and conditions

Categories
Convertible savings collateral loan

Eligibility or required documents

  • Loan application form (bank template);
  • Identity card;
  • If the loan is applied for under a power of attorney, the document must explicitly state the authority to obtain the loan;
Categories
Savings backed loan

Terms and conditions

Terms Savings and loans
Maximum Loan Amount
The combined amount of the loan and interest will not exceed the balance of the savings
Loan interest /annual/
Branch Loans
More than 1 billion MNT /Deposit balance/
 Annual deposit interest +4%
From MNT 500,000,001 to MNT 1 billion /Deposit balance/
 Annual deposit interest +5%
Up to 500,000,000 MNT /Deposit balance/
 Annual deposit interest +6%
Online loan : Annual interest of deposit + 6%
Loan currency MNT
Loan Term
The loan term is determined by the maturity date of the deposit
Loan Fees
 0%
Fee for changes to original loan conditions
 0%
Application Fee
 0 MNT

Actual cost /annual/: Annual interest of deposit + 4%-6%

Categories
Savings backed loan

Eligibility or required documents

  • Loan application form (bank template);
  • Identity card;
  • If the loan is applied for under a power of attorney, the document must explicitly state the authority to obtain the loan;
Categories
Personal loan

Benefits

  • Secure the necessary financing;
  • Fast and efficient loan approval;
  • One of the lowest interest rates in the market for this type of loan;
Categories
Personal loan

Terms and conditions

Loan conditions
Maximum loan amount

Up to 40,000,000 MNT
Loan interest /month/

1.5%-2.0%
Loan Interest /annual/

18.0%-24.0%
Loan Term

Up to 30 months
Service fee

1% of the loan amount
Collateral

Residential real estate
Increased interest

The increased interest rate is equal to 20% of the principal interest rate
Fee of Changes to the Original Loan Term

1.0% of the loan balance or the maximum amount is 1,000,000 MNT
Application Fees

10,000 MNT
Credit database reference fee

Citizen – 1,000 MNT, Organization – 1,000 MNT

 Actual cost/annual/: 19.1%-24.9%

Categories
Personal loan

Requirements

  • A mortgage may be an asset of your own property;
  • Up to 55% of the after-tax income is sufficient to pay the total monthly loan payments;
  • Not having overdue bad loan balance in other banks and financial institutions;
Categories
Personal loan

Eligibility or required documents

  • Application, resume /bank model/, 1 copy of photo, identity card
  • Description of the place of residence
  • Required documents and bank statements to prove salary or business income
  • Certificate of collateral and related documents
  • Other materials necessary by the Bank
Categories
Car loan

Benefits

  • No additional collateral is required
  • It will be resolved quickly and in a short period of time.
Categories
Car loan

Terms and conditions

Car loans

New cars
Loan amount

The amount shall not exceed the total purchase price of the vehicle
Terms

Up to 96 months
Loan interest /month/

1.6% – 2.0%
Loan interest /annual/

19.2% – 24.0%
Service Fees

1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest

The increased interest rate is equal to 20% of the principal interest rate
Collateral

Purchased vehicle
Down payment

10%-30%
Supplier’s Fee

1% (subject to the Cooperation Agreement)
Application Fee

10,000 MNT
Benefits of Changes to the Original Loan Term

Loan balance up to 1% /Maximum amount 1,000,000/
Other

It is required to purchase cars from the supplier organization with which the “Cooperation Agreement” has been concluded.
Credit database reference fee

Citizen – 1,000 MNT, Organization – 1,000 MNT

Actual cost /annual/: 19.6%-24.4%