Categories
Category: Citizens
Categories
Eligibility or required documents
-
Customer application form /download here/
-
Provide a copy of the contract signed by both parties, along with the original document.
-
For Mongolian citizens: Citizens ID card;
-
For Foreign citizens: Passport and certificate of alien registration
Categories
Benefits
- Available in ten (10) major currencies, including MNT, USD, EUR, CNY, JPY, RUB, KRW, GBP, SPD, HKD;
- Instantly carry out various types of cash and non-cash transactions;
- Order domestic or international debit cards linked to your account;
- Foreign exchange services;
Categories
Terms and conditions
|
Terms |
MNT | USD | EUR | CNY | JPY | RUB | KRW | GBP | SGD |
HKD |
|
Annual interest rate |
3.0%* | 1.2%* | 1.2%* | 1.2%* | 1.2%* | – | – | – | – | – |
| Conditions for payment of interest |
Monthly |
|||||||||
|
Monthly service fee |
No fee | |||||||||
| Account opening fee |
No fee |
|||||||||
|
Minimum balance requirement |
1,000 | 1 | 1 | 5 | 200 | 50 | 1,000 | 1 | 1 | 3 |
| Account closure fee | 1,000 |
Foreign currency equivalent to 1,000 MNT |
||||||||
|
* is the maximum rate of the interest rate on the product |
||||||||||
Categories
Other contributions
Categories
Eligibility or required documents
-
Customer application form /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration
-
No additional collateral is required
-
It will be resolved quickly and in a short period of time.
Categories
Terms and conditions
| Car loans | New cars | Used cars |
| Loan amount
|
Up to 300 million MNT | Up to 100 million MNT |
| The monthly loan payment is no more than 55% of the borrower’s debt-to-income ratio. If the borrower has loans to other banks, NBCs, industrial units, or individuals, the monthly payments made on that loan are included in the debt-to-income ratio. | ||
| Terms | Up to 30 months | |
| Loan interest /month/ | 1.6% – 2.0% | |
| Loan interest /annaul/ | 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 | Cars to buy | |
| Advance payment | up to 10% | up to 30% |
| Fees from suppliers | 1% or regulated by 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%
Categories
Requirements
-
Have been with the organization for at least 6 months or have been in stable business for at least 1 year;
-
Up to 55 percent of after-tax income must be sufficient to cover the total monthly interest payments;
- Other banks and financial institutions have no overdue or poor quality loan balances;
Categories
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