| 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/: 6.09%
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% |
|
Interest payment conditions |
Quarterly |
|
Withdrawal condition |
Quarterly |
|
Deposit transactions |
Possible |
|
Changes in policy rates |
Deposit interest rates to change |
|
|
Card types |
|
| • Debit |
• Credit |
| 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 | 1,000 MNT/ 1 USD/ 1 EUR / 5 CNY |
| Credit limit | 5,000,000-50,000,000 MNT |
| Credit account currency | MNT, USD |
| Monthly minimum repayment | 10% |
| Retail interest charge | 2% /from payment due day/ |
| Cash interest charge | 2.5% /from cash withdrawal day/ |
| Monthly billing statement date | 1st of every month |
| Repayment date | 20th of every month |
| Interest fee-free period | Up to 50 days |
| Overlimit rate fee | 5.0% |
| Monthly late payment charge | 1% (min 10,000 MNT, 10 USD) |
| Credit reference fee /Per inquiry/ | 1,000 MNT |