|
Salary loan |
Terms |
|
Maximum amount |
Up to 60% of net salary for up to 30 months |
|
Interest rate /monthly/ |
1.4%-2.0% |
|
Interest rate /year/ |
16.8%-24.0% |
|
Loan term |
Up to 30 months |
|
Service fee |
1% |
|
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 |
1% of the loan balance |
|
Application fee |
10,000 MNT |
|
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT |
* Effective percentage rate /annual/: 17.92%-25.16%