Category: Citizens

Categories
Green Project Loan SME business loan

Terms and conditions

Green Project Loan MNT USD EUR
Maximum Loan Amount The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly) 2.0%- 1.6% 1.5% – 1.1% 1.5%-1.1%
Interest Rate (annual) 24.0%-19.2% 18.0%- 13.2% 18.0%-13.2%
Loan Term Up to 60 months Up to 36 months
Loan Disbursement Fee 1% of the disbursed loan amount, with a maximum of MNT 1,500,000 0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR
Additional Interest Additional interest is equal to 20% of the base interest rate
Fee for Changes to Initial Loan Terms 0%
Grace Period for Principal Repayment Up to 12-24 months

Actual cost /annual/: 19.7%-24.5%

Categories
Green Project Loan SME business loan

Requirements

  • The loan applicant must have provided up to 30% of the required total investment with his own funds;
  • Experience in continuous business activity for the last 12 months, for a newly started business, continuous activity for the last 6 months;
  • Obtaining a special license to operate from the relevant authority;
  • Financial statements must be certified by the Tax Office;
  • No poor quality loan balances;
  • Have collateral that meets the Bank’s requirements;
Categories
Green Project Loan SME business loan

Eligibility or required documents

  • Loan application letter;
  • Loan application /from Bank/
  • Presentation of business activities;
  • A copy of the registration certificate issued by the State Registration Authorities;
  • Financial statements certified by audit and tax authorities /last 1-3 years/;
  • Special licenses, business plans and other documents related to business activities
  • Other Required documents
Categories
Mortgage Loan

Terms and conditions

Conditions
Maximum Loan Amount

Not more than 70 percent of the value of the apartment

/In cases where the apartment is pledged as collateral for the down payment, this percentage requirement shall not apply/
Down payment
30% or more
Loan interest /annual/ 6.00%
Loan terms Up to 360 months
Service fee
1% of the granted loan amount or /up to 1,500,000 MNT/
Increased interest
Equal to 20 percent of the basic interest rate
Application Fee
 10,000 MNT

Credit database reference fee

For each inquiry during the loan/Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 6.1%

Categories
Floating interest deposit

Benefits

  • Highest interest rates;
  • Earn your interest on quarterly basis;
  • Withdrawals are allowed for 7 calendar days in each quarter;
  • Deposit transactions are allowed anytime;
Categories
Floating interest deposit

Terms and conditions

Currency

MNT

Terms

12, 18, 24 months

Annual Interest

Up to 499,999,999 /Deposit balance/

Policy interest rate +3.0%

More than MNT 500 million /Deposit balance/

Policy interest rate + 3.5%

Minimum balance

100,000,000 MNT

Interest payment on early termination

2.4%-4.8%

Interest payment conditions

Quarterly

Withdrawal condition

Quarterly

Deposit transactions

Possible

Changes in policy rates

Deposit interest rates to change
Categories
Floating interest deposit

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizen’s ID card;
  • For Foreign citizens: Passport and Residence permit in Mongolia;
Categories
Unionpay Platinum Card

Card types
• Debit

• Credit
Categories
Unionpay Platinum Card

Benefits

  • No annual fee;
  • High daily transaction limit;
  • Account can be connected to 4 different currencies;
  • No fee delivery;
  • Travel insurance (Maximum compensation amount 50,000 USD)
  • Asia Prestige/Priority pass (Access to VIP lounges on international flights, with one accompanying passenger, 6 times per year)
Categories
Unionpay Platinum Card

Debit Card terms and conditions

 
Currency MNT, USD, CNY, EUR
Membership fee 500,000 MNT
Validity 3 years
Expedited card issuance fee 5,000 MNT
ATM Withdrawal Fee (Other Domestic Banks) 500 MNT or equivalent in other currency
Balance inquiry fee (Other Domestic bank ATMs) 100 MNT or equivalent in other currency
Balance inquiry fee (Domestic banks)
Pin code recovery at branch (Pinpad) 1,000 MNT or equivalent in other currency
Change/Recover e-pin code No fee
Card re-issuance fee 250,000 MNT
Daily cash withdrawal limit 50,000,000 MNT or equivalent in other currency
Daily purchase limit 300,000,000 MNT or equivalent in other currency
Card account minimum balance 5,000 MNT/ 10 USD/ 10 EUR / 50CNY