Categories
Mortgage loan for luxury apartments

Terms and conditions

Luxury apartment loan

Terms

Loan size

Up to MNT 2.0 billion

Down payment

Greater than or equal to 20% 

Loan interest rate /monthly/

1.60%-1.80%

Loan period

Up to 120 months

Loan origination fees

Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000

Penalty interest rate

Equivalent to 20 percent of the base interest rate

Loan forbearance fee

Amounts to about 1% of total loan balance / The maximum amount is equivalent to MNT 1,000,000 /

Loan Application fee

MNT 10,000 

Credit recording enquiry fee /For each/

Individual – MNT 1,000 

Corporate – MNT 1,000

* Effective percentage rate /annual/: 19.52%-21.93%

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