Electric Vehicle Loan | New Vehicle |
Loan amount | Probably not used |
Up to 300 million MNT | |
Loan term | Individuals – Up to 30 months |
Corporate – Up to 48 months | |
Interest rate /monthly/ | 1.4% – 1.6% |
Interest rate /annual/ | 16.8% – 19.2% |
Service fee | 1% of the loan amount /maximum MNT 1,500,000/ |
Penalty interest rate | Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
Collateral | Purchased vehicle as a collateral |
Down Payment | 30% |
Bank fee from vehicle supplier | 1% of the loan amount and it’s regulated through “Contractual agreement” |
Loan application | 10,000 MNT |
Car dealership | Official distributing company and supplier |
Credit recording enquiry fee /during loan analysis procedure/ | Individual – MNT 1,000 Corporate – MNT 1,000 |
Requirements
- The borrower must be employed by the employer for at least 6 months or have consistently run a business for at least 1 year;
- Up to 60% of after-tax income of the borrower must be sufficient for the monthly payment;
- The borrower must not have an outstanding or overdue loans at another bank or NBFI.
- Loan Application / Bank’s application /, 1 passport-sized photo, ID card and its copy;
- Statement of residence;
- Proof of income source documents and account statements;
- Related certificates for purchasing vehicle and invoice of purchasing vehicle from supplier;
- Other documents required by Bank (on a case-by-case basis).
Our bank in collaboration with UnionPay primarily launched 21 grams of full metal payment card called ‘Billionaire Diamond’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services.
Our bank in collaboration with UnionPay primarily launched 21 grams of full metal payment card called ‘Billionaire Premium’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services
Our bank in collaboration with Visa primarily launched 21 grams of full metal payment card called ‘Billionaire Platinum’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services.
Our bank in collaboration with Visa primarily launched 21 grams of full metal payment card called ‘Billionaire Gold’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services.
Our bank in collaboration with UnionPay primarily launched 21 grams of full metal payment card called ‘Billionaire Diamond’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services.
Our bank in collaboration with UnionPay primarily launched 21 grams of full metal payment card called ‘Billionaire Premium’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services.
Our bank in collaboration with Visa primarily launched 21 grams of full metal payment card called ‘Billionaire Platinum’ in Mongolia.
The card is a comprehensive payment solution for various supplementary services, including travel insurance, loyalty program, airport VIP lounge access, and concierge services.
Terms and conditions
Terms and conditions | Billionaire Diamond card |
Currency | MNT, USD, CNY, EUR |
Admission fee | 2,000,000 MNT |
Annual fee | 800,000 MNT |
Validity | 5 years |
Daily cash withdrawal limit | 100,000,000 MNT |
Daily purchase limit | 800,000,000 MNT |
Reorder fee | 1,500,000 MNT |
Card order fee (urgently) | 5,000 MNT |
Pin code order | 1,000 MNT or currency equivalent to 1,000 MNT |
Pin code change (at branch) | 1,000 MNT or currency equivalent to 1,000 MNT |
E-pin change (at branch) | No fee |
Balance inquiry at TransBank branch | 100 MNT or currency equivalent to 100 MNT |
To check account balance from foreign banks /AТМ/ | 0.50 USD |
Balance inquiry at other domestic banks | 100 MNT or currency equivalent to 100 MNT |
Minimum required balance | 300,000 MNT/ 100 USD/ 100 EUR/ 500 CNY |
Required documents
Please visit the nearest branch of TransBank to order.
Individual:
- ID card
For foreigners:
- Passport
- Alien Registration Card
Terms and Conditions
Terms and Conditions | Billionaire Premium card |
Currency | MNT, USD, CNY, EUR |
Admission fee | 2,000,000 MNT |
Annual fee | 500,000 MNT |
Validity | 5 years |
Daily cash withdrawal limit | 100,000,000 MNT |
Daily purchase limit | 500,000,000 MNT |
Reorder fee | 1,500,000 MNT |
Card order fee (urgently) | 5,000 MNT |
Pin code order | 1,000 MNT or currency equivalent to 1,000 MNT |
Pin code change (at branch) | |
E-pin change (at branch) | No fee |
Balance inquiry at TransBank branch | 100 MNT or currency equivalent to 100 MNT |
To check account balance from foreign banks /AТМ/ | 0.50 USD |
Balance inquiry at other domestic banks | 100 MNT or currency equivalent to 100 MNT |
Minimum required balance | 300,000 MNT/ 100 USD/ 100 EUR/ 500 CNY |
Required documents
Please visit the nearest branch of TransBank to order.
Individual:
- ID card
For foreigners:
- Passport
- Alien Registration Card
Terms and Conditions
Terms and Conditions | Billionaire Platinum card |
Currency | MNT, USD, CNY, EUR |
Admission fee | 2,000,000 MNT |
Annual fee | 800,000 MNT |
Validity | 5 years |
Daily cash withdrawal limit | 100,000,000 MNT |
Daily purchase limit | 800,000,000 MNT |
Reorder fee | 1,500,000 MNT |
Card order fee (urgently) | 5,000 MNT |
Pin code order | 1,000 MNT or currency equivalent to 1,000 MNT |
Pin code change (at branch) | |
E-pin change (at branch) | No fee |
Balance inquiry at TransBank branch | 100 MNT or currency equivalent to 100 MNT |
To check account balance from foreign banks /AТМ/ | 0.50 USD |
Balance inquiry at other domestic banks | 100 MNT or currency equivalent to 100 MNT |
Minimum required balance | 300,000 MNT/ 100 USD/ 100 EUR/ 500 CNY |