TransBank, in partnership with UnionPay International, has introduced the first of its kind high-end Billionaire Diamond Duralumin pure metal payment card in Mongolia.
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Category: Citizens
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Card types |
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• Debit |
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This exclusive card offers a range of premium services, including travel insurance, discounts at retail establishments, VIP lounge access at international airports, and Domestic and international concierge services. It is a sophisticated payment solution designed to complement your lifestyle and reflect your prestige.
- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the project loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
| 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%
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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;
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Financial statements must be certified by the Tax Office;
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No poor quality loan balances;
- Have collateral that meets the Bank’s requirements;
- Loan application letter;
- Loan application /from Bank/
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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/;
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Special licenses, business plans and other documents related to business activities
- Other Required documents
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Terms and conditions
| Conditions | |
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Maximum Loan Amount
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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
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| 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/
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Increased interest
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Equal to 20 percent of the basic interest rate
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Application Fee
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10,000 MNT |
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Credit database reference fee |
For each inquiry during the loan/Citizen, Organization/ – 1,000 MNT |
Actual cost /annual/: 6.1%
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Benefits
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Highest interest rates;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter;
- Deposit transactions are allowed anytime;
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Terms and conditions
Currency |
MNT |
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Terms |
12, 18, 24 months |
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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% |
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Minimum balance |
100,000,000 MNT |
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Interest payment on early termination |
2.4% |
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Interest payment conditions |
Quarterly |
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Withdrawal condition |
Quarterly |
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Deposit transactions |
Possible |
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Changes in policy rates |
Deposit interest rates to change |
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