- Loan application letter;
- Loan application /from Bank/;
- A copy of the certificate and charter must be certified by a notary;
- Financial report certified by audit and tax office /last 1-3 years/;
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Collateral information, related documents;
- Other documents;
Categories
Benefits
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Promotes business growth
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Fast and efficient loan approval
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Low interest rates
| Conditions | MNT |
| Loan amount | The amount shall not exceed the total purchase price of the real estate. |
| Loan terms | up to 60 months |
| Loan interest /month/ | 1.6% – 2.0% |
| Loan interest /annual/ | 19.2% – 24.0% |
| Service fee | 1% of the loan amount or the maximum amount is 3,000,000 MNT |
| Increased interest | The increased interest rate is equal to 20% of the principal interest rate |
| Collateral | The purchased real estate |
| Advance payment | 20% If additional real estate is provided as collateral, the down payment may be reduced to as low as 0%. |
| Benefits of Changes to the Original Loan Term | Loan balance up to 1% /Maximum amount 1,000,000/ |
| Application Fee | 30,000 MNT |
Actual cost /annual/: 21.1%-25.3%
- Last 12 months continuous business experience;
- Good credit history;
- Other requirements set by the bank;
- Loan application letter;
- A copy of the certificate and charter must be certified by a notary;
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Certificate of collateral and related documents;
- Description of the place of residence;
- Other materials necessary by the Bank;
Categories
2024 оны 11-р сар
Тээвэр хөгжлийн банк нь Дэлхийн хүүхдийн өдрийг тохиолдуулан UNICEF Mongolia–ын Хүүхдийн сан болон IWFCI Mongolia хамтран зохион байгуулж буй ГАЛА арга хэмжээнд дэмжин ажиллагч байгууллагаар ивээн тэтгэн оролцлоо.
Categories
Benefits
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No additional collateral is required.
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Fast and efficient loan approval.
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Low interest rates.
Categories
Terms and conditions
| Conditions |
New electric car |
| Loan amount |
The amount shall not exceed the total purchase price of the vehicle |
| Loan terms |
up to 96 months |
| Loan interest /month/ |
1.4% – 2.0% |
| Loan interest /annual/ |
16.8% – 24.0% |
| 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 |
The purchased vehicle |
| Supplier’s fee |
1%, regulated under the Cooperation Agreement |
| Benefits of Changes to the Original Loan Term |
Loan balance up to 1% /Maximum amount 1,000,000/ |
| Advance payment |
10% – 30% /If additional real estate is provided as collateral, the down payment may be reduced to as low as 0%/ |
| Car seller |
Official Representative and Supplier Organization |
| Application Fee |
10,000 MNT |
| Loan purposes |
All types of passenger and SUV electric vehicles |
Actual cost /annual/: 17.2%-24.9%
Categories
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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Loan application form (bank template), ID 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