Product terms:
| Terms | Salary loan |
|---|---|
| Maximum amount | 70% of net salary will be sum of the 30 months total salary |
| Interest rate /monthly/ | 1.5% |
| Interest rate /yearly/ | 18.0% |
| Period | Up to 30 months |
| Service fee | 1% on loan amount |
| Increased interest | Equivalent to 20% of interest rate |
| Amendment fee | 1% on loan balance |
| Application fee | 1,000 MNT |
Requirements to loan applicants:
- Must be an employee of a company with an agreement with TransBank to pay employee salaries through the bank
- Must have worked as a primary employee at the company;
- Must have social health insurance continuously paid for 6 months;
- No outstanding exceeded loan balances and bad credit history.
Product terms:
| Terms | Collateralized by residential and service properties loan | Collateralized by housing loan | Collateralized by vehicle loan |
|---|---|---|---|
| Maximum amount | 40,000,000 MNT | 20,000,000 MNT | 10,000,000 MNT |
| Interest rate /monthly/ | 1.8% | ||
| Interest rate /yearly/ | 21.6% | ||
| Period | Up to 24 months | Up to 12 months | |
| Service fee | 1% on loan amount | ||
| Increased interest | Equivalent to 20% of interest rate | ||
| Amendment fee | 0.5% on loan balance /Up to 1,000,000 MNT/ | ||
| Application fee | 10,000 MNT | ||
Product terms:
| Terms | MNT, USD, EUR, CNY |
|---|---|
| Maximum amount | Max. 90% of the account balance |
| Interest rate /monthly/ | Saving's interest (annual) +6% |
| Period | It depends on your time deposit |
| Service fee | 0% |
| Increased interest | Equivalent to 20% of interest rate |
| Amendment fee | 0% |
| Application fee | 1,000 MNT, 1 USD, 1 EUR, 10 CNY |
Product terms:
| Terms | New vehicle | Used vehicle |
|---|---|---|
| Loan amount | Up to 300,000,000 MNT | Up to 50,000,000 MNT |
| Period | 30 months | 30 months |
| Interest rate /monthly/ | 1.5% | 1.8% |
| Interest rate /yearly/ | 18.0% | 21.6% |
| Service fee | 1% on loan balance /Up to 1,500,000 MNT/ | |
| Increased interest | Equivalent to 20% of interest rate | |
| Collateral | Purchased car | |
| Down Payment | 10% | 30% |
| Vendor fee | 1% coordinated by “Teaming Agreement” | |
| Others | It is required to purchase car from our Teaming agreement vendors | |