Category: Personal Banking

Categories
Deposit backed loan

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
Categories
Consumer loans with

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
Consumer loans with

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

Loan amount is determined based on the fact that the monthly payment is no more than 60% of client’s total income after-tax.

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

0.5% 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

* Effective percentage rate /annual/: 20.26%-28.70%

Categories
Consumer loans with

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.
Categories
Consumer loans with

Eligibility or required documents

  • 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
Visa Credit Card

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
Visa Credit Card

Terms and conditions

Conditions 

Classic Credit Card

Platinum Credit Card

MNT

 USD MNT

USD
Annual fee

30,000 MNT or equivalent other currencies

300,000 MNT or equivalent other currencies
Credit limit (minimum)

500,000 MNT or equivalent USD

20,000,000 MNT or equivalent USD
Credit limit (maximum)

20,000,000 MNT or equivalent USD

200,000,000 MNT or equivalent USD
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%
Payment date (monthly)

15th
Over limit interest rate

10%
Over limit charge

5%
Late payment charge

1%
Penalty rate

20%
Grace period (purchase)

45 days
Validity

2 years
Monthly statement date

15th
Card order fee (urgently)

5000 MNT
Pin code change (ATM)

100 MNT or equivalent other currencies
Pin code change (at branch)

1000 MNT or equivalent other currencies
Pin code order

1000 MNT or equivalent other currencies
E-pin change (ATM)

100 MNT or equivalent other currencies
E-pin change (at branch)

No fee

 

Categories
Visa Credit Card

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
UnionPay Credit Card

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
UnionPay Credit Card

Terms and conditions

Terms and condition

UNIONPAY PLATINUM

CREDIT CARD

UNIONPAY DIAMOND

CREDIT CARD
Currency

MNT

 USD MNT

USD
Annual fee

500,000 MNT

1,000,000 MNT
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%
Interest rate /annual/ (purchase)

18.00%

16.80%
Interest rate /monthly/ (cash withdrawal)

2.20%
Interest rate /annual/ (cash withdrawal)

26.40%
Minimum payment

10%
Overdraft limit

10%
Overdraft interest rate

5%
Late payment charge

1%
Annual late payment charge

20%
Monthly statement date

On the 1st of every month
Payment date

On the 20th of every month

On the 25th of every month
Grace period

50 days

55 days
Validity

3 years
Credit period

30 months
Daily cash withdrawal limit

25,000,000 MNT

25,000,000 MNT
Daily POS purchase limit

100,000,000 MNT

100,000,000 MNT
Reorder fee

150,000 MNT

150,000 MNT
Balance inquiry at Transport Development bank’s bank POS

100 MNT
Balance unquiry at other domestic bank’s ATM and bank POS
Balance unquiry at foreign bank’s ATM

0.5 USD
Cash withdrawal at Transport Development bank’s bank POS

200 MNT
Cash withdrawal and other domestic bank’s ATM and bank POS

500 MNT
Cash withdrawal from foreign banks’ АТМ

2% (min 3 USD)
Categories
UnionPay Credit Card

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
"T" Credit card (for MNT use only)

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
Categories
"T" Credit card (for MNT use only)

Terms and conditions

Conditions 

 Classic Credit ₮ Card

Business Credit ₮ Card

Annual fee

 20,000 MNT

100,000 MNT

Credit limit (minimum)

 100,000 MNT

5000001 MNT

Credit limit (maximum)

 5000000 MNT

50000000 MNT

Interest rate /monthly/ (purchase)

 1.6%

1.5%

Interest rate /monthly/ (cash withdrawal)

 2.2%

2%

Minimum payment

10%

Payment date (monthly)

15th

Over limit interest rate

10%

Over limit charge

5%

Late payment charge

1%

Penalty rate

20%

Validity

Up to 30 months
Monthly statement date

On the 1st of every month
Categories
"T" Credit card (for MNT use only)

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
Visa Debit Card

Benefits

  • Available for use both in Mongolia and overseas
  • The highest limit for daily purchase transactions
  • Manage card accounts through the Online banking service