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Convertible savings collateral loan

Terms and conditions

Convertible deposit collateralized loan

In case loan is provided in foreign currency by collateralizing MNT convertible term deposit 

Loan amount

Up to 80% of total amount of convertible term deposit

Loan interest rate /annual/                          

Annual interest rate of term deposit + 6.0%

Term

Determined upon maturity date of term deposit

Service fee 

0%

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 terms

0%

Loan application fee 

MNT 1,000

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