- Offers loans up to 80% of your convertible term deposit, which is the highest percent of potential loan amount;
- No service fee.
Categories
Category: Personal Banking
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Convertible deposit collateralized loan |
In case loan is provided in foreign currency by collateralizing MNT convertible term deposit |
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Loan amount |
Up to 80% of total amount of convertible term deposit |
|
Loan interest rate /annual/ |
Annual interest rate of term deposit + 6.0% |
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Term |
Determined upon maturity date of term deposit |
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Service fee |
0% |
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Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
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Fee for changing the original loan terms |
0% |
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Loan application fee |
MNT 1,000 |
Categories
Benefits
- Additional materials are not required;
- Can receive loan in no time;
- Receive loan and make loan payment through online banking.
Categories
Terms and conditions
| Conditions | Savings collateralized loan | |
| Loan amount | The total amount of loan and interest shall not exceed the balance of the term deposit | |
| Loan interest rate /annual/ | Loan at branches: | |
| More than MNT 1 billion /term deposit amount/ | Annual interest rate of term deposit +4% | |
| MNT 500,000,001 – MNT 1 billion /term deposit amount/ | Annual interest rate of term deposit +5% | |
| Up to MNT 500,000,000 /term deposit amount/ | Annual interest rate of term deposit +6% | |
| Currency of loan | MNT | |
| Term | Determined by maturity date of term deposit | |
| Service fee | 0% | |
| Fee for changing the original loan terms | 0% | |
| Loan application fee | MNT 0 | |
* Effective percentage rate /annual/: Annual interest rate of term deposit +4%-6%
Categories
Benefits
- Satisfies the client’s financing need;
- Prompt solution in short period of time;
- Offers the lowest interest rate on the market for a collateral loan service.
Categories
Terms and conditions
| Collateral loan | Apartment and retail real estate collateralized loan | Private home with land – collateralized loan | Transportation vehicle collateralized loan |
| Loan amount | Up to MNT 40,000,000 | Up to MNT 20,000,000 | Up to MNT 10,000,000 |
| Interest rate /monthly/ | 1.6%-2.0% | ||
| Interest rate /annual/ | 19.2%-24.0% | ||
| Loan term | Up to 24 months | Up to 12 months | |
| Service fee | 1% of the loan amount | ||
| Penalty interest rate | Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate | ||
| Fee for changing the original loan terms | 1% of the outstanding loan / maximum MNT 1,000,000/ | ||
| Loan application fee | MNT 10,000 | ||
| Credit recording enquiry fee /during loan analysis procedure/ | Individual – MNT 1,000 Corporate – MNT 1,000 | ||
Categories
Requirements
- Collateral property must be registered on the borrower’s name;
- Up to 60% of after-tax income of the borrower must be sufficient for the monthly payment;
- The borrower must not have an outstanding or overdue loans at another bank or NBFI.
- Loan Application / Bank’s application /, 1 passport-sized photo, ID card and its copy;
- Statement of residence;
- Proof of income source documents and account statements;
- Original documents of collateral /enquiry of non-collateral from the General Authority of State Registration/;
- Other materials required from Bank.
Categories
Benefits
- The lowest interest rate, high credit limit
- Secured by the latest EMV chip technology
- Paywave technology that allows contactless transactions
- Introductory 0% interest for up to 45 days on purchases
- The highest daily purchase limit
Categories
Terms and conditions
| Conditions |
Classic Credit Card |
Platinum Credit Card |
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MNT |
USD | MNT |
USD |
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| Annual fee |
30,000 MNT or equivalent other currencies |
300,000 MNT or equivalent other currencies |
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| Credit limit (minimum) |
500,000 MNT or equivalent USD |
20,000,000 MNT or equivalent USD |
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| Credit limit (maximum) |
20,000,000 MNT or equivalent USD |
200,000,000 MNT or equivalent USD |
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| Interest rate /monthly/ (purchase) |
1.6% |
1.5% | 1.6% |
1.5% |
| Interest rate /monthly/ (cash withdrawal) |
2.2% |
1.8% | 2.2% |
1.8% |
| Daily cash withdrawal limit |
10,000,000 MNT |
5000 USD | 30,000,000 MNT |
10,000 USD |
| Daily purchase limit |
10,000,000 MNT |
5000 USD | 200,000,000 MNT |
100,000 USD |
| Reorder fee |
30,000 MNT |
10 USD | 150,000 MNT |
50 USD |
| Minimum payment |
10% |
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| Payment date (monthly) |
15th |
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| Over limit interest rate |
10% |
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| Over limit charge |
5% |
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| Late payment charge |
1% |
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| Penalty rate |
20% |
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| Grace period (purchase) |
45 days |
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| Validity |
2 years |
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| Monthly statement date |
15th |
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| Card order fee (urgently) |
5000 MNT |
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| Pin code change (ATM) |
100 MNT or equivalent other currencies |
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| Pin code change (at branch) |
1000 MNT or equivalent other currencies |
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| Pin code order |
1000 MNT or equivalent other currencies |
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| E-pin change (ATM) |
100 MNT or equivalent other currencies |
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| E-pin change (at branch) |
No fee |
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Categories
Required documents
Please visit the nearest branch of TransBank to order.
Individuals:
- ID card
- Customers with salaried income are asked to provide their salary reference from their employer
- Business owners must provide documents proving business income
- Social insurance reference
For foreigners:
- Passport (original)
- Photocopy of their Mongolian visa
- Certificate of Alien Registration
- Employer guarantee
Categories
Benefits
- All platinum and diamond cardholders are entitled to receive “Concierge services”, which allows the cardholder to receive any travel related services such as ticket ordering, restaurant and hotel reservations, translation services, emergency services, etc.
- Receive up to 30% discount from the world’s leading merchants;
- Secured with the latest EMV chip technology
Categories
Terms and conditions
| Terms and condition |
UNIONPAY PLATINUM CREDIT CARD |
UNIONPAY DIAMOND CREDIT CARD |
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| Currency |
MNT |
USD | MNT |
USD |
| Annual fee |
500,000 MNT |
1,000,000 MNT |
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| Credit limit (minimum) |
10,000,000 MNT |
3,000 USD | 100,000,001 MNT |
35,001 USD |
| Credit limit (maximum) |
100,000,000 MNT |
35,000 USD | 400,000,000 MNT |
150,000 USD |
| Interest rate /monthly/ (purchase) |
1.50% |
1.40% |
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| Interest rate /annual/ (purchase) |
18.00% |
16.80% |
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| Interest rate /monthly/ (cash withdrawal) |
2.20% |
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| Interest rate /annual/ (cash withdrawal) |
26.40% |
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| Minimum payment |
10% |
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| Overdraft limit |
10% |
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| Overdraft interest rate |
5% |
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| Late payment charge |
1% |
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| Annual late payment charge |
20% |
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| Monthly statement date |
On the 1st of every month |
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| Payment date |
On the 20th of every month |
On the 25th of every month |
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| Grace period |
50 days |
55 days |
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| Validity |
3 years |
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| Credit period |
30 months |
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| Daily cash withdrawal limit |
25,000,000 MNT |
25,000,000 MNT |
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| Daily POS purchase limit |
100,000,000 MNT |
100,000,000 MNT |
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| Reorder fee |
150,000 MNT |
150,000 MNT |
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| Balance inquiry at Transport Development bank’s bank POS |
100 MNT |
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| Balance unquiry at other domestic bank’s ATM and bank POS | ||||
| Balance unquiry at foreign bank’s ATM |
0.5 USD |
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| Cash withdrawal at Transport Development bank’s bank POS |
200 MNT |
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| Cash withdrawal and other domestic bank’s ATM and bank POS |
500 MNT |
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| Cash withdrawal from foreign banks’ АТМ |
2% (min 3 USD) |
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Categories
Required documents
Please visit the nearest branch of TransBank to order.
Individuals:
- ID card
- Customers with salaried income are asked to provide their salary reference from their employer
- Business owners must provide documents proving business income
- Social insurance reference
For foreigners:
- Passport (original)
- Photocopy of their Mongolian visa
- Certificate of Alien Registration
- Employer guarantee
Categories
Benefits
- Secured by the latest EMV chip technology
- Paywave technology that allows contactless transaction
- Introductory 0% interest for up to 45 days on purchases
- Flexible repayment schedule