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Үйлчилгээний төрөл |
Үйлчилгээний нөхцөл |
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Дансны валют |
Төгрөг |
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Хугацаа |
3 сар |
6 сар |
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Жилийн хүү |
6.00% |
7.00% |
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Хугацаанаас нь өмнө цуцлахад төлөх хүү |
2.00% /жилийн хүү/ |
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Доод үлдэгдэл |
1,000,000,000 төгрөгтэй тэнцэх ам.доллар |
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Хүү олгох давтамж |
Хугацааны эцэст |
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Данс нээх |
Хураамжгүй |
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Хадгаламжийн дэвтэр |
Үнэгүй |
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Хадгаламж барьцаалсан зээлийн нөхцөл |
Хэмжээ: хадгаламжийн 90 хүртэл хувь; Хүү: хадгаламжийн хүү + 6.00%; |
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| 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 |
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* Effective percentage rate /annual/: MNT 19.73%-24.55%
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Terms |
Product terms |
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Product |
Small and medium business loans – Repo |
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Loan amount / securitization / |
Up to 3,000,000,000 / Three billion MNT |
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Loan interest rate /annual/ |
10.50% / Repo trading interest rate + not more than 4 percentage points / |
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Loan interest rate /monthly/ |
Up to 2 years |
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Service fee |
In case of a new loan, it shall not exceed 1 percent of the loan amount or MNT 1,500,000 |
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Penalty interest rate |
Penalty interest rate is equivalent to 20 percent of the base interest rate |
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Application fee |
30,000 MNT |
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Grace period |
At least 6 months |
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Other |
Other requirements and conditions of the Bank of Mongolia |
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Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate – 1,000 MNT |
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* -Product conditions will change from time to time according to the order and decision of the Bank of Mongolia. |
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Click HERE to get acquainted with the criteria and requirements set by the Bank of Mongolia.
Click HERE to see more questions and answers.
Mr. Erdenebayar Batchuluun graduated from the School of Economics of the National University of Mongolia with a bachelor’s degree in Financial Management from 2004 to 2008 and a master’s degree in Banking and Finance from the University of Luxembourg from 2015 to 2017, a management program at New York University in 2016. He has a CFA level 2 and ERM level 1 international certificate.
He has more than 14 years of professional experience in the banking and finance sector. During his tenure, he has fulfilled positions as a financial analyst at XacBank from 2008 to 2010, a senior financial analyst from 2010 to 2012, Head of the Financial Management department from 2012 to 2015, specialist at Schroder’s asset management company from 2016 to 2017, Head of the Product/Business development department at XacBank from 2017 to 2020, Chief Executive Officer at Credit bank in 2020, and as Chief Executive Officer at TransBank from 2020 to 2022.
Mr. Erdenebayar has served as a member of TransBank’s Board of Directors since January 2, 2023, and was appointed Chairman of the Board in October 2023. Effective August 26, 2024, he has been appointed as the Interim Chief Executive Officer while also maintaining his position as a member of the Board.
Bazarmaa Radnaabazar has been a member of the Board of Directors of the Transport and Development Bank since March 2021.
She started her career at Trade and Development Bank LLC in 1998. She has been working as a supervisor, accountant, bank employee and senior banker for 10 consecutive years. She was the CEO of Finance and Development of Mining NBFI LLC.
Bazarmaa graduated from the University of Finance and Economics with a degree in Banking and Finance and specializes in banking and finance, with over 20 years of experience in the field. She has 10 years of experience in management positions in banks and financial institutions.
Mrs. Ashidmaa Dashnyam graduated from Soviet Secondary School number 3 in 1974, Moscow Institute of International Relations of Moscow in 1989, and Virginia Tech of Virginia, USA, in 1998. She has a professional experience as a Director of Governance and Corporate Secretary at XacBank and Tenger Financial Union LLC from 2011 to 2022, Deputy Director and Corporate secretary at Energy Resource LLC from 2009 to 2011, business and financial advisor at the United States Agency for International Development’s Economic Policy Reform and Competitiveness Project from 2004 to 2009, financial analyst at the Mongolian privatization project of the United States Agency for International Development from 1998 to 2004, economic assistant at the US Embassy in Mongolia from 1992 to 1996, foreign affairs officer at the Ministry of Labor of Mongolia from 1990 to 1992, and as an import specialist at the Materialimpex supply union from 1989 to 1990. She has a master’s degree in Economics and a bachelor’s degree in International Economic Relations. She attended Harvard Business School and International Finance Corporation courses in corporate governance.
Thus, she has been appointed as a member of the Board of Directors of the Transport and Development Bank, effective January 2, 2023.
Munkhbayar B. graduated from the Mongolian Institute of Finance and Economics with a bachelor’s degree in Business management, marketing, and management in 1998. He earned a master’s degree in computer software engineering from the University of Science and Technology in 2002, and a degree in software outsourcing project management in Tokyo, Japan.
With 14 years of experience in banking and financial institutions, he served as the General Manager of T&C Co., Ltd. from 1996 to 2000, System Administrator and Marketing manager at Mobicom Corporation from 2000 to 2004, General Manager and Executive Director at United Solutions International Inc. from 2005 to 2010, IT Director at XacBank from 2010 to 2014, Project Management Consultant at GIZ from 2013 to 2019, IT Director of Arig Bank from 2014 to 2018, Director and founder of CRMC (Consulting LLC, Mongolian Artificial Intelligence Research Institute) since 2014, and currently, he is serving as the Auditor of the Mongolian University of Life Sciences and the Contract Director of Information Technology since 2022.
As of December 6, 2023, he has been appointed as a member of the Board of Directors of TransBank.
Baasanjav has been appointed as a member of the Board of Directors of the Trans Bank since July 25, 2024. In 2010-2013, he was an Assistant Professor at Hitotsubashi University and the University of Rochester, in 2014-2017 he was a Senior Specialist and Director of the Commercial Department at the Agricultural Exchange, in 2017-2019 he was the Deputy Director and Director of the Operations Department of King Insurance LLC, in 2019-2021. In 2021-2023, he worked as the Deputy Director of Mongolia Insurance Co., Ltd., and as the Director of the Finance Department of the Development Bank of Mongolia in 2021-2023. He graduated a Kobe University in Japan with a Bachelor’s degree in economics and macroeconomics, Hitotsubashi University with a Master’s degree in economics, and Rochester University in the United States with a Master’s degree in economics.