Mortgage loan

We offer the mortgage loan with the flexible terms and low interest rate relevant to the advance payment.

Product terms:

Terms Apartment Mortgage loan  
MNT USD
Maximum amount  500,000,000 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 1.5%, 

If apartments payment paid: 30.0%-39.9%- interest rate 1.45% monthly, 40.0%-49.9%- interest rate 1.4% monthly, 50.0% or above – interest rate 1.35% monthly 

If apartments payment paid 20.0% or above: interest rate 1.0% 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 18.0%, If apartments payment paid: 30.0%-39.9%- interest rate 17.4% yearly, 40.0%-49.9%- interest rate 16.8% yearly, 50.0% or above – interest rate 16.2% 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 
Increased interest Equivalent to 20% of interest rate 
Amendment fee  1% on loan balance
Application fee   10,000 MNT
Reference fee /Loan database/*

Private - 1,000 MNT

Corporate - 1,000 MNT

*Effective from January 01, 2021.

Documents required:

  • To have been employed 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. 

We offer the housing loan on purpose of finance the buy a house, build the a house with the temporary collateral asset or complete the construction with the flexble terms and relevant to the advance funding. 

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 1.55% monthly, 40.0%-49.9%-interest rate 1.5% monthly, 50.0% or above – interest rate 1.4% monthly.
Interest rate /yearly/  If apartments payment paid: 30.0%-39.9%-interest rate 18.6% yearly, 40.0%-49.9%-interest rate 18.0% yearly, 50.0% or above – interest rate 16.8% 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
Reference fee /Loan database/*

Private - 1,000 MNT

Corporate - 1,000 MNT

*Effective from January 01, 2021.

Documents required:

  • To have been employed or have a stable business for a year or above;
  • To cover the minimum 30% of the cost by yourself;
  • 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. 

Terms Mortgage loan of the government program

Maximum amount

Up to 70% of apartment value

Down payment

30% or above

Annual Interest Fee

8%

Loan Period

up to 360 months

Service Fee

1% on loan amount 

Increased interest

Equivalent to 20% of interest rate 

Application fee

10,000 MNT

Reference fee /Loan database/*

Private - 1,000 MNT

Corporate - 1,000 MNT

*Effective from January 01, 2021.


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