| Property |
MNT |
USD | EUR | RMB |
JPY |
| Term |
Up to 120 months |
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| Amount |
Up to 75 percent of the total contract pricing or equivalent in foreign currency up to 20 percent of the maximum equity |
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| Interest rate /monthly/ | 2.00%-1.60% | 1.35%-1.00% | 1.35%-1.00% | 1.35%-1.00% | 1.35%-1.00% |
| Interest rate /annually/ | 24.00%-19.20% | 16.20%-12.00% | 16.20%-12.00% | 16.20%-12.00% | 16.20%-12.00% |
| Downpayment |
Minimum 25% |
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| Grace period |
Depending on the loan purpose |
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| Other terms |
Currency conversion is possible every 6 months or 1 year /USD/ |
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| Application fee |
30,000 MNT |
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| Service fee |
0.5% of the loan amount /maximum MNT 1,500,000/ or equivalent currency |
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| Insurance |
Purchased asset on credit must covered by comprehensive insurance. The client is responsible for the insurance premium. |
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| Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate – 1,000 MNT |
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* Effective percentage rate /annual/: MNT 20.11%-24.95%