Product terms:

Terms Apartment Mortgage loan  
MNT USD
Maximum amount  350,000,000 MNT
Down payment 20%
If collateral is real estate then the advance payment 0% 
Interest rate /monthly/ 

If a mortgage is collateralized, the interest rate is a month 1.4%, 

If apartments payment paid: 30.0%-39.9%- interest rate 1.3% monthly, 40.0%-49.9%- interest rate 1.25% monthly, 50.0% or above – interest rate 1.2% monthly 

If apartments payment paid 20.0% or above: interest rate 1.% monthly,

If a mortgage is collateralized, the interest rate is a month 1.2%.

Interest rate /yearly/  If a mortgage is collateralized, the interest rate is a yearly 16.8%, If apartments payment paid: 30.0%-39.9%- interest rate 15.6% yearly, 40.0%-49.9%- interest rate 15.0% yearly, 50.0% or above – interest rate 14.4% yearly 

If apartments payment paid 20.0% or above: interest rate 12.0% yearly ,

If a mortgage is collateralized, the interest rate is a yearly 14.4%.

Period Up to 360 months Up to 120 months
Service fee 1% on loan amount 1% on loan amount
Increased interest Equivalent to 20% of interest rate  Equivalent to 20% of interest rate
Amendment fee  1% on loan balance 1% on loan balance
Application fee   10,000 MNT 10,000 MNT

Product terms:

Terms Housing Mortgage loan 
Maximum amount  500,000,000 MNT
Down payment 30%
Interest rate /monthly/  If apartments payment paid: 30.0%-39.9%-interest rate 1.8% monthly, 40.0%-49.9%-interest rate 1.7% monthly, 50.0% or above – interest rate 1.6% monthly.
Interest rate /yearly/  If apartments payment paid: 30.0%-39.9%-interest rate 21.6% yearly, 40.0%-49.9%-interest rate 20.4% yearly, 50.0% or above – interest rate 19.2% yearly.
Period Up to 180 months
Service fee 1% on loan amount
Increased interest Equivalent to 20% of interest rate 
Amendment fee  1% on loan balance
Application fee   10,000 MNT
Information is being updated