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Apartment Mortgage Loan |
Conditions |
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MNT |
USD |
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| Maximum loan amount |
Up to 500,000,000 MNT or equivalent USD
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| A credit analysis is conducted using a standard form that examines the borrower’s ability to pay and the financial difficulties the borrower may face, and the borrower’s total monthly loan and interest payments, debt-to-income ratio is not more than 60% | |||||||
| Down Payment | 20% | ||||||
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0% loan advance payment in case of additional mortgage
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| Loan interest | Advance payment /Proportion of the price of the apartment/ |
20.0%-29.9% of the value of the additional mortgage or the apartment |
30.0%-39.9% | 40.0%-49.9% |
50.0% or more
|
The apartment was additionally mortgaged
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20% or more |
| Loan interest /month/ |
1.80% |
1.70% | 1.65% | 1.60% | 1.35% |
1.00% |
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| Loan interest /annual/ |
21.6% |
20.4% | 19.8% | 19.2% | 16.2% |
12.0% |
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| Term of loan |
Up to 360 months |
Up to 120 months |
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| Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT or equivalent currency |
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| Increased interest |
Equal to 20 percent of the loan interest |
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| Fee of Changes to the Original Loan Term |
Up to 1% of the loan balance / Maximum amount 1,000,000 MNT |
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| Application Fee |
10,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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Credit line |
MNT | USD | EUR | CNY | JPY |
| Maximum loan amount |
The maximum loan amount will be determined depending business, capital and financial ability |
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Loan interest /month/ |
2.0%-1.60% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
| Loan interest /annual/ | 24.0%-19.20% | 18.0%-13.20% | 14.4%-10.20% | 14.4%-10.20% |
10.8%-10.20% |
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Commitment interest /annual/
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2.80%-4.2% | 2.0%-3.60% | 1.50%-3.0% | ||
| Term of loan | Up to 60 months |
Up to 36 months |
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Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT | 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY | |||
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
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Benefits of Changes to the Original Loan Term |
0% |
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| Application Fee |
30,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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| Investment loan | MNT | USD | EUR | CNY | JPY |
| Maximum loan amount | The maximum loan amount will be determined depending business, capital and financial ability. At least 30% of the total investment amount shall be financed by himself. | ||||
| Loan interest /month/ | 2.0%-1.6% | 1.5%-1.1% | 1.2%-0.85% | 1.2%-0.85% | 1.2%-0.85% |
| Loan interest /annual/ | 24.0%-19.2% | 18.0%-13.2% | 14.4%-10.2% | 14.4%-10.2% | 14.4%-10.2% |
| Term of loan | Up to 60 months | Up to 36 months | |||
| Service fee | 1% of the loan amount or the maximum amount is 1,500,000 MNT | 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY | |||
| Increased interest | The increased interest rate is equal to 20% of the principal interest rate | ||||
| Fee of changes to the original Loan Term | 0% | ||||
| Period of exemption from principal | Up to 12 months | ||||
| Application fee | 30,000 MNT | ||||
| Credit database reference fee | For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT | ||||