Category: Organization

Categories
“Hedged” Deposit

Benefits

  • High interest return in a shorter period of time;
  • Currency exchange rate risk can be hedged as the deposit is converted;
  • Take low-interest deposit collateralized loan;
Categories
“Hedged” Deposit

Terms and conditions

Hedged

 Conditions
Account currency

MNT

Term of deposit

 6 months 12 months
Annual Interest 6.00%

7.00%

Interest payment on early termination

 2.0% /annual interest/
Minimum balance

USD equivalent to 200,000,000 MNT

Interest payment conditions

At the end of the period

 

Continue reading “Terms and conditions”
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%
Advance payment

At least 25%

Period of exemption from principal payment

 The period of exemption from the basic basic payment will be determined flexibly depending on the nature of the business, assets, and financial capabilities.
Additional conditions

Currency conversion available every 6 months or 1 year /USD/

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
Announced interest rate /annually/

The current 12 month savings interest rate

Total interest /annual/

 Announced interest rate /annually/ + Interest rate hedge
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%
Fees for withdrawing cash from savings

1.5%

Minimum balance

 –
Interest payment conditions

Quarterly