| Terms |
Terms of Contributions and Fees
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Account currency
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MNT | USD | EUR | CNY | JPY |
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For the contract of sale and purchase of an apartment:
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| Seller side | MNT 20,000 | 10 USD | 10 EUR | 70 CNY | 1,000 JPY |
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Buyer side
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MNT 20,000 | 10 USD | 10 EUR | 70 CNY | 1,000 JPY |
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For other contracts:
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The Receiver side
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0.1% | 0.1% | |||
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Payment side
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Up to MNT 100,000 | Currency equivalent to MNT 100,000 | |||
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Terms |
MNT | USD | EUR | CNY | JPY | RUB | KRW | GBP | SGD | HKD |
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Annual interest rate |
3.0%* | 1.2%* | 1.2%* | 1.2%* | 1.2%* | – | – | – | – |
– |
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Monthly service fee |
No fee |
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Account opening fee |
No fee |
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Minimum balance requirement |
1,000 | 1 | 1 | 5 | 200 | 50 | 1,000 | 1 | 1 |
3 |
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Account closure fee |
1,000 |
Foreign currency equivalent to 1,000 MNT |
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* is the maximum rate of the interest rate on the product |
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Car loans |
New cars |
Used cars
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Loan amount
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Up to 300 million MNT
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Up to 100 million MNT
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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. |
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| Terms |
Up to 30 months
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Loan interest /month/
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1.6% – 2.0% |
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Loan interest /annaul/
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19.2% – 24.0% |
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Service Fees
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1% of the loan amount or the maximum amount is 1,500,000 MNT |
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Increased interest
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The increased interest rate is equal to 20% of the principal interest rate |
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Collateral
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Cars to buy
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Advance payment
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up to 10%
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up to 30%
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Fees from suppliers
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1% or regulated by the “Cooperation Agreement”.
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Application Fee
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10,000 MNT |
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| Other |
It is required to purchase cars from the supplier organization with which the “Cooperation Agreement” has been concluded. |
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Credit database reference fee
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Citizen – 1,000 MNT
Organization – 1,000 MNT
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