Categories
Savings Account

Required documents for submission

  1. Passport;
  2. Request form (click here to download);
  3. *Additional documents;

* Additional documents: The Bank may require additional documents and clarifications related to KYC procedures.

If the customer refuses to provide the necessary information, the Bank is obliged to refuse to provide services according to the AML-CFT Law of Mongolia.

The customer must not have intentions of engaging in money laundering or financing terrorism, nor have any affiliation with such illicit activities. Additionally, the customer must comply with the Law of Mongolia on Anti-Money Laundering and Combating the Financing of Terrorism, to avoid any violation of regulations in this regard.

In accordance with the Civil Law of Mongolia, the Law on Personal Privacy, and the Law on Organizational Confidentiality, the Bank will keep customer information strictly confidential except in special cases stipulated by law.

Categories
Introduction to TransBank

Introduction to TransBank

 

  • Click here to learn more about TransBank.
Categories
Project Loans and Syndication

Advantages

  • Flexible terms tailored to the specifics of your business;
  • Long-term financing;
  • Based on the customer’s business area and needs.
Categories
Project Loans and Syndication

Green Project Loan

The purpose of this product is to finance our customers’ projects that are intended for their improvement of sustainable use of energy, water, and materials, better waste management, long-term sustainable operation and their green businesses projects.

Categories
Project Loans and Syndication

Advantages of Green Project Loan

  • Longer repayment and grace period, available in 3 currencies;
  • The product provides our clients with the opportunity to modify their basic business model, thus shift to a more resource-efficient, environmentally friendly and green business model.
Categories
Project Loans and Syndication

Terms and Conditions of Green Project Loan

Green Project Loan

 MNT USD

EUR
Maximum amount of loan

Depends on business scope and financial abilities.
Interest rate /monthly/

2.0%- 1.6%

 1.5% – 1.1%

1.5%-1.1%
Interest rate /annual/

24.0%-19.2%

 18.0%- 13.2%

18.0%-13.2%
Loan period

Up to 60 months

Up to 36 months
Service fee

1% of loan amount (min. MNT 1,500,00)

0.5% of loan amount (min. USD 1,500 or equivalent amount in EUR)
Penalty rate

20% of loan amount
Fee for amending the initial term of the loan

0%
Grace period

12-24 months
Categories
Mortgage Loan

Terms and conditions

Conditions
Maximum Loan Amount

Not more than 70 percent of the value of the apartment

/In cases where the apartment is pledged as collateral for the down payment, this percentage requirement shall not apply/
Down payment
30% or more
Loan interest /annual/ 6.00%
Loan terms Up to 360 months
Service fee
1% of the granted loan amount or /up to 1,500,000 MNT/
Increased interest
Equal to 20 percent of the basic interest rate
Application Fee
 10,000 MNT

Credit database reference fee

For each inquiry during the loan/Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 6.1%

Categories
Incentive 6 months deposit

Benefits

  • Highest interest rates;
  • Deposit account that allows monthly withdrawals;
  • Additional deposits allowed anytime;
Categories
Incentive 6 months deposit

Terms and conditions

Terms

6 months

Currency

MNT

Annual Interest

14%

Interest payment on early termination

2.4%

Minimum balance

10,000 MNT

Interest payment conditions

End of the period

Additional deposits

Allowed

Withdrawal condition

Monthly
Categories
Incentive 6 months deposit

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and Residence permit in Mongolia;