|
Loan conditions |
|
| Maximum loan amount |
Up to 40,000,000 MNT |
| Loan interest /month/ |
1.5%-2.0% |
| Loan Interest /annual/ |
18.0%-24.0% |
| Loan Term |
Up to 30 months |
| Service fee |
1% of the loan amount |
| Collateral |
Residential real estate |
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
| Fee of Changes to the Original Loan Term |
1.0% of the loan balance or the maximum amount is 1,000,000 MNT |
| Application Fees |
10,000 MNT |
| Credit database reference fee |
Citizen – 1,000 MNT, Organization – 1,000 MNT |
Actual cost/annual/: 19.1%-24.9%