Categories
Smart savings service

Smart savings service

Conditions

Service types

Accumulation of Responses

Accumulation of each income

Daily accumulation

Total:

–  up to 1,000 MNT

–  up to 2,000 MNT

– up to 3,000 MNT

-up to 4,000 MNT

– up to 5,000 MNT

Accumulation percentage:

– 1.0%          – 6.0%

– 2.0%          – 7.0%

– 3.0%          – 8.0%

– 4.0%          – 9.0%

– 5.0%         – 10.0%

Total:

–  up to 1,000 MNT

–  up to 2,000 MNT

–  up to 3,000 MNT

–  up to 4,000 MNT

– up to 5,000 MNT

Explanation

For each non-cash (card) purchase and payment transaction, round up the transaction amount up to 5,000 and accumulate the difference in the savings account

Accumulation in a savings account at a fixed percentage of the flow rate for each income stream other than loans.

At the end of each day (00:00), the current account balance is rounded down to the nearest 5,000 MNT, and the difference is transferred to the savings account.

Account

It is possible to use the Transbank account and open a new account if the customer does not have a current or savings account.

Service fee

0 MNT

Registration

Customers can register by visiting any TransBank branch with valid identification

Categories
Smart savings

Smart savings service

Conditions

Service types

Accumulation of Responses

Accumulation of each income

Daily accumulation

Total:

–  up to 1,000 MNT

–  up to 2,000 MNT

– up to 3,000 MNT

-up to 4,000 MNT

– up to 5,000 MNT

Accumulation percentage:

– 1.0%          – 6.0%

– 2.0%          – 7.0%

– 3.0%          – 8.0%

– 4.0%          – 9.0%

– 5.0%         – 10.0%

Total:

–  up to 1,000 MNT

–  up to 2,000 MNT

–  up to 3,000 MNT

–  up to 4,000 MNT

– up to 5,000 MNT

Explanation

For each non-cash (card) purchase and payment transaction, round up the transaction amount up to 5,000 and accumulate the difference in the savings account

Accumulation in a savings account at a fixed percentage of the flow rate for each income stream other than loans.

At the end of each day (00:00), the current account balance is rounded down to the nearest 5,000 MNT, and the difference is transferred to the savings account

Account

It is possible to use the Transbank account and open a new account if the customer does not have a current or savings account.

Service fee

0 MNT

Registration

Customers can register by visiting any TransBank branch with valid identification.

Categories
Term Deposit

Benefits

  • High interest rates in the short term;
  • Deposit transactions are allowed anytime;
Categories
Term Deposit

Terms and conditions

Term

6 months

12 months

Currency

MNT

USD

MNT

USD

Interest /annual/

11.0%

4.0%

14.0%

4.0%

Interest payment on early termination

2.4%

1.2%

2.4%

1.2%

Interest payment on early termination

10,000 MNT

10 USD

10,000 MNT

10 USD

Interest payment conditions

End of the period

Deposit transactions

Allowed

Withdrawal condition

At maturity

Categories
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
Term savings

Benefits

  • High interest rates in the short term;
  • Deposit transactions are allowed anytime;
Categories
Term savings

Terms and conditions

Term

6 months

12 months

Currency

MNT

USD

MNT

USD

Interest /annual/

11.0%

4.0%

14.0%

4.0%

Interest payment on early termination

2.4%

1.2%

2.4%

1.2%

Interest payment on early termination

10,000 MNT

10 USD

10,000 MNT

10 USD

Interest payment conditions

End of the period

Debit transactions conditions

Allowed

Credit transactions conditions

At maturity

Categories
Term savings

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and certificate of alien registration
Categories
Loan Secured by Floating Interest Savings

Benefits

  • Loan amount up to 90% of your deposit balance;
  • No loan disbursement fee;
Categories
Loan Secured by Floating Interest Savings

Terms and conditions

Loan currency

MNT
Maximum Loan Amount

The total amount of loan and interest does not exceed 90% of the deposit;

Loan Term

The loan term is equal to the maturity date of the deposit

Loan interest rate /annual/

Deposit annual interest + 4%, 5%, or 6% (depending on the deposit balance)

If the deposit interest rate changes
the loan interest rate will also change accordingly
Penalty interest
20% higher than the regular interest rate

Application Fee

Service fee

Fee for changes to the original loan conditions

0%
Credit database reference fee
No fee

Actual cost /annual/: Annual interest of deposit + 4%-6%