|
Private house mortgage |
MNT |
USD |
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|
Interest rate |
Down payment / Loan-to-value ratio of Private house / |
30.0%-39.9% | 40.0%-49.9% | Greater than or equal to 50.0% | Less than 30.0% |
Greater than or equal to 30.0% |
|
Monthly rate |
1.80% | 1.70% | 1.60% | 1.35% |
1.00% |
|
|
Annual rate |
21.60% | 20.40% | 19.20% | 16.20% |
12.00% |
|
|
Loan period |
Up to 180 months |
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|
Loan origination fees |
Amounts to about 1% of disbursed loan and MNT 1,500,000 |
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|
Penalty interest |
Equivalent to 20 percent of the base interest rate |
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|
Loan forbearance fee |
Amounts to about 1% of total loan balance /Maximun amount 1,000,000 MNT/ |
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|
Loan Application fee |
MNT 10,000 |
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|
Credit record enquiry fee /For each/ |
Individual – MNT 1,000 |
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|
Corporate – MNT 1,000 |
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* Effective percentage rate /annual/: MNT 19.48%-21.90%