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Collateral loan |
Apartment and retail real estate collateralized loan | Private home with land – collateralized loan |
Transportation vehicle collateralized loan |
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Loan amount |
Up to MNT 40,000,000 |
Up to MNT 20,000,000 |
Up to MNT 10,000,000 |
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Loan amount is determined based on the fact that the monthly payment is no more than 60% of client’s total income after-tax. |
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Interest rate /monthly/ |
1.6%-2.0% |
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Interest rate /annual/ |
19.2%-24.0% |
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Loan term |
Up to 24 months |
Up to 12 months |
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Service fee |
1% of the loan amount |
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Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
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Fee for changing the original loan terms |
0.5% of the outstanding loan / maximum MNT 1,000,000/ |
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Loan application fee |
MNT 10,000 |
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Credit recording enquiry fee /during loan analysis procedure/ |
Individual – MNT 1,000 Corporate – MNT 1,000 |
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* Effective percentage rate /annual/: 20.26%-28.70%