Categories
Energy efficient housing loan

Terms and conditions

Terms

MNT

Loan size

Up to MNT 70.0 million

Monthly interest rate

    1.00%

Annual interest rate

12.00%

Loan period

180 months 

Down payment

The loan applicant: Not less than 10% percent of the loan amount

Funded by GIZ: Up to 30% of the loan amount or up to 18,000,000 MNT

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 /Maximum amount 1,000,000 MNT/  

Loan application fee

MNT 10,000 

Credit recording enquiry fee /For each/

Individual – MNT 1,000 

* Effective percentage rate /annual/: 12.19%

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