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