Credit line | MNT | USD |
Maximum amount |
Up to 3.5 billion MNT and equivalent currency
|
|
Interest rate /Monthly/ | 2.0%-1.6% | 1.5%-1.0% |
Interest rate /annually/ | 24.0%-19.2% | 18.0%-12.0% |
Commitment rate /annually/ | 4.2%-2.8% | 3.6%-2.0% |
Term | Up to 12 months | |
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 | |
Fee for changing the original loan term | 0% | |
Application fee | MNT 30,000 | |
Credit recording enquiry fee /during loan analysis procedure/ | Individual – MNT 1,000 Corporate – MNT 1,000 | |
Explanation: A loan product that allows you to mortgage the original customs documents for cars and heavy-duty machinery that do not have a federal number. |
* Effective percentage rate /annual/: MNT 19.69%-24.51%