|
Terms |
Annual Interest rate |
|
|
Tenor |
MNT |
USD |
| 1 month |
10.50% |
2.20% |
| 3, 6, 9 months |
12.50% |
4.00% |
| 12 months |
13.2% |
4.00% |
| Interest rate upon early termination of contract /annual/ |
2-4.8% |
1.20% |
| Minimum deposit |
100,000,000 MNT and 500,000,000 MNT. |
100,000 USD and 500,000 USD. |
| Interest payments |
At the end of the contract |
|
| Interest on ‘Repo’ financing |
Annual interest rate + 4.00% |
No repo financing |
| Other conditions |
No deposit transactions (Has strict rules on adding or making deposit transactions to your CD account) |
|