Consumer loan

Advantages:

  • Resovle the financial needs;
  • No collateral for the certain amount of loan; 
  • No limit and relevant to the salary income. 

Product terms:

Terms Salary loan 
Maximum amount  60% of net salary will be sum of the 30 months total salary
Interest rate /monthly/  1.2%-1.5%
Interest rate /yearly/  14.4%-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
Reference fee /Loan database/*

Private - 1,000 MNT

*Effective from January 01, 2021.

Please download the loan request form with the documents required. 

Advantages:

  • Collateral assets shall be property or movable assets of your ownership;  
  • Loan applicant is processed promptly;  
  • Loan interest rate is low. 

Product terms:

Terms Collateralized by residential and service properties loan  Collateralized by housing loan  Collateralized by vehicle loan 
Maximum amount  Up to 40,000,000 MNT Up to 20,000,000 MNT Up to 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
Reference fee /Loan database/*

Private - 1,000 MNT

Corporate - 1,000 MNT

*Effective from January 01, 2021.

Requirements:

  • Collateral assets shall be your ownership; 
  • Up to 60% of mothly personal income after tax shall be enough for the loan payments;
  • No bad loan history. 

Please download the loan applicant form with the documents required. 

Advantages:

  • Loan applicant is proccesed promptly;
  • Available for loan applicant and make the loan payments by online /Internet banking/.

Product terms:

Terms MNT
Maximum amount 

Max. 100% of the account balance

/Current loan, interest rate, minimum balance and service fee are included/

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

 

TERMS MNT SAVINGS COLLATERALIZED LOAN OF FOREIGN CURRENCY 
Maximum amount up to 80% of total amount of savings acount
Interest fee /yearly/

MNT + 6.0%

Period according to the period of savings account
Service fee 0%
Increased interest Equivalent to 20% of interest rate
Amendment fee  0%
Application fee 1,000 MNT

Advantages:

  • No additional collateral is needed; 
  • Loan application is proccesed promptly. 

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 
Reference fee /Loan database/**

Private - 1,000 MNT

Corporate - 1,000 MNT

*-Vehicle-car shall be new and not driven in Mongolia and other foreign countries. 

**Effective from January 01, 2021.

Requirements:

  • To have been employed for 6 months or above or have a stable business for a year or above;
  • Up to 60% of monthly personal income after tax is enough to make the loan payments;  
  • No bad loan history. 

Please download the loan applicant form with the documents required. 

Product terms:

TERMS /MNT/ SALARY CURRENT ACCOUNT PRIVATE CURRENT ACCOUNT SPECIAL CURRENT ACCOUNT
Minimum balance 0 MNT
Interest rate /yearly/ 3.6% (according to the general terms & condition) Accroding to the agreement
Maximum limit up to 20% of the average revenue of the last 12 months /up to 60% of the ratio of debts to pre-tax income/
Overdratf interest rate /yearly/ 18.0% 19.2%
Increased rate of overdratf /yearly/ 21.6% 24.0%
Period up to 12 months
Repayment schedule 30 days /to be estimated from a date of overdraft/
Fee 1% of the overdraft amount /maximum 1,000,000 MNT/
Amendment fee 1% of the overdraft /maximum 1,000,000 MNT/
Application fee 1,000 MNT
Reference letter fee of loan database* Private - 1,000 MNT

*Effective from January 01, 2021.