- Receive monthly interest on savings and get a regular income;
- Additional deposits can be made at any time;
-
Higher than the average interest rate;
Categories
Categories
Terms and conditions
Account currency |
MNT |
USD |
||
Term of deposit |
Nominal interest rate |
Effective interest rate |
Nominal interest rate |
Effective interest rate |
3 – 6 months |
11.3% |
11.9% |
3.8% |
3.87% |
7 – 12 months |
12.5% |
13.24% |
3.8% |
3.87% |
Interest payment on early termination |
2.4% |
0.6% |
||
Minimum balance |
1,000,000 MNT |
1,000 USD |
||
Interest payment conditions |
Every month |
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Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.
- Customer application form; /download here/
- Official letter; /Request to open an account/
- A copy of 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
Benefits
-
Highest interest rates;
- Deposit account that allows monthly withdrawals;
- Additional deposits allowed anytime;
Categories
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 |
- 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
Benefits
- High interest return in a shorter period of time;
- Currency exchange rate risk can be hedged as the deposit is converted;
- Take low-interest deposit collateralized loan;
Categories
Terms and conditions
Hedged |
Conditions |
|
Account currency |
MNT |
|
Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Early termination interest rate |
2.0% /annual interest/ |
|
Minimum balance |
1,000,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
|
- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the project loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
| Green Project Loan | MNT | USD | EUR |
| Maximum Loan Amount | The maximum loan amount will be determined based on the business scope, assets, and financial capacity. | ||
| 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 Term | Up to 60 months | Up to 36 months | |
| Loan Disbursement Fee | 1% of the disbursed loan amount, with a maximum of MNT 1,500,000 | 0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR | |
| Additional Interest | Additional interest is equal to 20% of the base interest rate | ||
| Fee for Changes to Initial Loan Terms | 0% | ||
| Grace Period for Principal Repayment | Up to 12-24 months | ||
Actual cost /annual/: 19.68%-24.51%