- Perfect for those who do not want to lose time coming physically to the bank;
- The service is free;
- Easy for those who are saving;
- The timing and amount of the transaction can be adjusted as per customer request.
This service does not charge any admission fee or transaction fee.
Tserendash S. graduated from Indiana University in the USA with a bachelor’s degree in Finance in 2009. He furthered his education at the University of Luxembourg, where he earned a master’s degree in Asset management in 2017.
With a professional career of serving as a specialist of Finance and Economic Policy Department from 2009 to 2013 and specialist at the Financial Policy Department of the Ministry of Finance from 2015 to 2017, Director of Corporate Banking Department at State Bank from 2013 to 2015, Head of the department that responsible for preparing the establishment of the Investment Management company and Investment fund of the Development Bank in 2017, Executive Director of DBM Asset Management, a subsidiary of the Development Bank, from 2017 to 2019, Head of Securities Department of the Financial Regulatory Commission from 2020 to 2021, Deputy Director of Business Development of the Development Bank from 2021 to 2022. In 2022, he became the Executive Director and Project Consultant of Burenscore CIB LLC, a position he held until 2023, then served as Deputy Head of the Treasury Department of the Ministry of Finance from February to June 2023.
He has been a member of TransBank’s Board of Directors since December 6, 2023, and was appointed Chairman of the Board effective August 26, 2024.
2.92%
4.84%
5.02%
Үйлчилгээний төрөл |
Үйлчилгээний нөхцөл |
|
Дансны валют |
Төгрөг |
|
Хугацаа |
3 сар |
6 сар |
Жилийн хүү |
6.00% |
7.00% |
Хугацаанаас нь өмнө цуцлахад төлөх хүү |
2.00% /жилийн хүү/ |
|
Доод үлдэгдэл |
1,000,000,000 төгрөгтэй тэнцэх ам.доллар |
|
Хүү олгох давтамж |
Хугацааны эцэст |
|
Данс нээх |
Хураамжгүй |
|
Хадгаламжийн дэвтэр |
Үнэгүй |
|
Хадгаламж барьцаалсан зээлийн нөхцөл |
Хэмжээ: хадгаламжийн 90 хүртэл хувь; Хүү: хадгаламжийн хүү + 6.00%; |
CONDITIONS | CORPORATE PAYMENT T CARD |
Currency | MNT |
Annual fee | MNT 15,000 |
Validity | 3 years |
Sub-card annual fee | MNT 5,000 |
Reissuance fee | |
Urgent order fee | |
Daily POS purchase limit | MNT 25,000,000 or foreign currency equal to the amount |
Daily ATM withdrawal limit | MNT 15,000,000 or foreign currency equal to the amount |
Deposit fee at a TransBank branch | No fee |
Deposit fee at an agent bank | MNT 100 |
Balance inquiry at a TransBank branch | No fee |
Balance inquiry at an agent bank | MNT 100 |
Pin code change /ATM/ | |
New pin code acquiring fee /Bank/ | MNT 1,000 |
Acquiring, changing e-pin code fee | MNT 100 |
Cash withdrawal at TransBank branch | MNT- no fee; |
MNT- withdrawing cash shall be converted at the bank’s exchange rate | |
Cash withdrawal at agent bank branch | Withdrawing 0 – 99,999 MNT fee 300 MNT, Withdrawing 100,000 – or above MNT Fee 0 MNT |
Cash withdrawal other domestic bank branch | Withdrawing 0 – 99,999 MNT fee 500 MNT, Withdrawing 100,000 – or above MNT Fee 0 MNT |
Movable property and machinery | MNT | USD | EUR | RMB | JPY |
Term/monthly/ | Up to 60 months | ||||
Loan amount | The maximum amount of financial lease is 20 billion MNT or equivalent currency | ||||
Advance payment | Depending on the level of risk, the percentage of advance payment will be set up to 50%. In case of double mortgage of immovable and movable property, the advance payment rate can be reduced and set flexibly. | ||||
Interest rate/monthly/ | 2.00%-1.60% | 1.35%-1.00% | 1.35%-1.00% | 1.35%-1.00% | 1.35%-1.00% |
Interest rate / annually/ | 24.40%-19.20% | 16.20%-12.00% | 16.20%-12.00% | 16.20%-12.00% | 16.20%-12.00% |
Service fee | 1% of the loan amount /maximum MNT 1,500,000/ or equivalent currency | ||||
Application fee | 30,000 MNT | ||||
Other terms | Purchased asset on credit must be covered by comprehensive insurance. The client is responsible for the insurance premium. | ||||
Credit recording enquiry fee /during loan analysis procedure/ | Individual – 1,000 MNT
Corporate – 1,000 MNT |
* Effective percentage rate /annual/: MNT 19.73%-24.55%
Terms |
Product terms |
Product |
Small and medium business loans – Repo |
Loan amount / securitization / |
Up to 3,000,000,000 / Three billion MNT |
Loan interest rate /annual/ |
10.50% / Repo trading interest rate + not more than 4 percentage points / |
Loan interest rate /monthly/ |
Up to 2 years |
Service fee |
In case of a new loan, it shall not exceed 1 percent of the loan amount or MNT 1,500,000 |
Penalty interest rate |
Penalty interest rate is equivalent to 20 percent of the base interest rate |
Application fee |
30,000 MNT |
Grace period |
At least 6 months |
Other |
Other requirements and conditions of the Bank of Mongolia |
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate – 1,000 MNT |
* -Product conditions will change from time to time according to the order and decision of the Bank of Mongolia. |