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Customer application form /download here/
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Provide a copy of the contract signed by both parties, along with the original document.
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For Mongolian citizens: ID card;
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For Foreign citizens: Passport and Residence permit in Mongolia
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Category: Citizens
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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;
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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 |
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Monthly service fee |
No fee | |||||||||
| Account opening fee |
No fee |
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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 |
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* is the maximum rate of the interest rate on the product |
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Other contributions
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Eligibility or required documents
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Customer application form /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration
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No additional collateral is required
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It will be resolved quickly and in a short period of time.
Categories
Terms and conditions
| Car loans |
New cars |
| Loan amount |
The amount shall not exceed the total purchase price of the vehicle |
| Terms |
Up to 96 months |
| Loan interest /month/ |
1.6% – 2.0% |
| Loan interest /annual/ |
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 |
Purchased vehicle |
| Down payment |
10%-30% |
| Supplier’s Fee |
1% (subject to 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%
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Requirements
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Have been with the organization for at least 6 months or have been in stable business for at least 1 year;
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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;
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Eligibility or required documents
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Application, resume /bank model/, 1 copy of photo, identity card
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Residence reference (issued by local authority)
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Required documents and bank statements to prove salary or business income
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Certificate of collateral and related documents
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Other materials necessary by the Bank
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Benefits
- Competitive interest rates;
- No restrictions for deposit transactions;
- Use as collateral for deposit collateralized loans with a low interest rate;
- Access and manage your account by using our online banking service