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No additional documents required;
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Quick and easy access to a loan;
- Apply and manage your loan through Online Banking;
Categories
Categories
Benefits
- Loan amount up to 80% of your deposit balance;
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No loan disbursement fee;
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Benefits
- Have the right to make quarterly expenses from the savings account;
- Interest on deposits is available quarterly;
- The customer is protected from possible exchange rate risks;
Account type |
Conditions |
Account currency |
MNT |
Term of deposit |
12 months |
Announced interest rate /annually/ |
The current 12 months savings interest rate |
Total interest /annual/ |
Announced interest rate /annually/ + Interest rate hedge |
Minimum balance |
500,000,000 MNT |
Interest payment on early termination |
2.4%-4.8% |
Interest payment conditions |
Every 3 months |
Credit transactions |
Every 3 months |
Debit transactions |
Possible |
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Benefits
- Your physical gold is protected from potential risks such as theft, fraud, or exchange rate fluctuations.
- Interest is capitalized in international benchmark XAU units on your gold deposits;
- No fees are charged on withdrawal and transaction;
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Terms and conditions
Gold-Term Savings Account Terms and Conditions |
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Account opening currency |
XAU- Gold |
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Deposit term |
1 – 3 months |
6 months |
9 months |
12 months |
Annual Interest |
2.25% |
2.5% |
2.75% |
3.0% |
Interest payment on early termination |
1.0% |
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Fees for withdrawing cash from savings |
1.5% |
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Minimum balance |
4 ounces of gold |
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Interest payment conditions |
Quarterly |
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Categories
Benefits
- Earn high returns in a short period of time;
- Hedging against exchange rate risk;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter;
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Benefits
- Newly established organizations with incomplete documentation can open a current account;
- Organizations may still receive incoming payments even if required documents are not yet fully submitted;
- Materials must be submitted within 30 days;
- After the materials are fully prepared, outgoing transactions will be enabled;
Categories
Terms and condition
| Terms | MNT | USD | EUR | CNY | JPY | RUB | KRW | GBP | SGD | HKD |
| Annual interest rate | 3.0%* | 1.2%* | 1.2%* | 1.2%* | 1.2%* | – | – | – | – | – |
| Account opening fee | No fee | |||||||||
| Monthly service fee | No fee | |||||||||
| Minimum balance requirement | 5,000 MNT | 5 USD | 5 EUR | 35 CNY | 500 JPY | 100 RUB | 5,000 KRW | 5 GBP | 5 SGD | 3 HKD |
| Account closure fee | 5,000 MNT | Foreign currency equivalent to 5,000 MNT | ||||||||
| Description:
– An account for the organization’s payments. |
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| – * is the maximum rate of the interest rate on the product | ||||||||||
- Customer application form; /download here/
- Official letter; /Request to open an account/
- Authorized signature, stamp /must be authorized by notary/; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration;
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Confirmation page;
- If the Shareholder is an organization, then the State Registration Certificate of the organization, if not, a reference to the E-Mongolia system