Category: Organization

Categories
Property secured loan

Terms and conditions

Conditions MNT USD EUR CNY JPY
Terms Up to 120 months
Loan amount Up to 75% of the total payment of the contract or up to a maximum of 20% of the equity, or an equivalent currency
Loan interest /month/ 2.0%-1.6% 1.35%-1.0% 1.35%-1.0% 1.35%-1.0% 1.35%-1.0%
Loan interest /annual/ 24.0%-19.2% 16.2%-12.0% 16.2%-12.0% 16.2%-12.0% 16.2%-12.0%
Application fee 30,000 MNT
Service fee 0.5% of the loan amount or a maximum of 1,500,000 MNT and equivalent currency
Other Assets purchased on credit will be fully insured. Customer is responsible for insurance premiums.
Credit database reference fee For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT
Categories
Flexible term deposit

Benefits

  • The highest interest rate;
  • You can make income and expenses transaction whenever you want;
  • Receive deposit interest on every month;
  • You can manage your account by the Transbank application;
Categories
Flexible term deposit

Terms and conditions

Flexible term deposit

 Conditions
Currency MNT USD

JPY

Terms

 3 months
Interest /annual/
0 – 99,999,999 MNT and equivalent currency
 8.0% 2.0%

1.5%
100,000,000 – 499,999,999 MNT and equivalent currency
 9.0% 2.25%

1.75%
More than 500,000,000 MNT or equivalent currency
 10.0% 2.5% 2.0%
Minimum balance
 10,000 MNT 10 USD

1,000 JPY
Interest payment
 Monthly
Withdrawal

Possible
Income

Possible
Categories
Flexible term deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Exchange rate risk sharing deposit

Benefits

  • Have the right to make quarterly expenses from the savings account;
  • Interest on deposits is available quarterly;
  • The customer is protected from possible exchange rate risks;
Categories
Exchange rate risk sharing deposit

Terms and conditions

Account type

Conditions
Account currency
 MNT

Term of deposit
12 months
Interest rate /annually/

14%
Minimum balance
500,000,000 MNT
Interest payment on early termination
 2.4%-4.8%
Interest payment conditions
Every 3 months
Credit transactions

Every 3 months
Debit transactions

Possible

 

Categories
Gold term deposits

Benefits

  • Your physical gold is protected from potential risks such as theft, fraud, or exchange rate fluctuations.
  • Interest is capitalized in international benchmark XAU units on your gold deposits;
  • No fees are charged on withdrawal and transaction;
Categories
Gold term deposits

Terms and conditions

Gold-Term Savings Account Terms and Conditions
Account opening currency
XAU- Gold 
Deposit term 1 – 3 months 6 months 9 months

12 months
Annual Interest
 2.25% 2.5% 2.75%

3.0%

Interest payment on early termination

 1.0%

Minimum balance

–
Interest payment conditions

Quarterly
Open an account
 Free

 

Categories
Convertible term deposit

Benefits

  • High interest return in comparativily shorter period of time;
  • Hedging against exchange rate risk;
  • Earn your interest on quarterly basis;
  • Withdrawals are allowed for 7 calendar days in each quarter;
Categories
Corporate temporary account

Benefits

  • Newly established organizations with incomplete documentation can open a current account;
  • The filing materials are missing, but the revenue transaction is possible;
  • Materials must be submitted within 30 days;
  • After the materials are fully prepared, the right to spend will be opened;