|
Mortgage loan |
Terms |
|
Maximum limit |
150,000,000 MNT |
|
Down payment |
Not less than 30% /If you mortgage your home as a down payment, you do not need to follow this percentage |
|
Interest rate /annual/ |
6.00% |
|
Loan term |
Up to 360 months |
|
Commision fee |
1% of the loan amount issued up to MNT 1,500,000 |
|
Penalty interest rate |
Equivalent to 20% of the base interest rate |
|
Loan application fee |
10,000 MNT |
|
Credit recording enquiry fee |
Individual – 1,000 MNT Corporate – 1,000 MNT |
* Effective percentage rate /annual/: 6.09%