In support of sustainable development and with the aim of mitigating the effects of climate change in Mongolia while protecting and increasing forest and water resources, TransBank has joined the national movement “One Billion Trees” for the fifth consecutive year as part of the annual spring tree planting campaign.
Within the framework of this initiative, which plays a crucial role in addressing climate change and its impacts, TransBank carried out maintenance and watering of trees previously planted in the International Eco Park located in Uliastai. In addition, over 20 new trees were planted during this year’s campaign.
During the event, TransBank was recognized for its consistent and active participation in the “One Billion Trees” national movement, its promotion of tree-planting culture, and its contribution to the expansion of green spaces. In acknowledgment of these efforts, the International Eco Park presented the bank with a certificate of appreciation.
We call on the public to unite in this vital cause of planting trees an invaluable investment in the planet and to ensure their proper care and cultivation, thereby contributing to the preservation of ecological balance.
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2024
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Terms and conditions
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Conditions |
|
| Maximum loan amount |
Up to 2,000,000,000 MNT |
| Down Payment |
The down payment shall be 20% or more |
| Loan interest |
19.2% – 24.0% |
| Term of loan |
up to 120 months |
| Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT |
| Increased interest |
Equal to 20% of the loan interest |
| Fee for changes to the original loan terms |
Up to 1% of the loan balance / Maximum amount 1,000,000 MNT |
| Application Fee |
10,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
Actual cost: 20.1%-24.9%
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Requirements
- Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
- No overdue or non-performing loans in other banks and financial institutions.
- Loan application form /bank template/
- Identity card
- Household reference issued by the local administration
- Receipt of down payment
- Other required documents
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Benefits
- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.