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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.
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Lowest interest rates.
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Category: Electric car loan
For customers who prioritize environmentally friendly consumption, we offer an Electric Car Loan.
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Terms and conditions
|
Conditions |
New electric car |
|
Loan amount |
be not used
|
|
up to 300,000,000 MNT |
|
|
Loan terms |
up to 30 months |
| Loan interest /month/ |
1.4% – 1.6% |
|
Loan interest /annual/ |
16.8% – 19.2% |
| Service fee |
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 |
Car to buy |
|
Fees from suppliers |
1% or regulated by the “Cooperation Agreement” |
| Benefits of Changes to the Original Loan Term |
Loan balance up to 1% /Maximum amount 1,000,000/ |
|
Advance payment |
30% |
| Car seller |
Official Representative and Supplier Organization |
|
Application Fee |
10,000 MNT |
| Loan purposes |
All types of electric motors include seat cars and rough road cars |
Actual cost /annual/: 17.2%-19.6%
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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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Application, resume /bank model/, identity card
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Description of the place of residence
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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