Mortgage loan

We offer the mortgage loan with flexible terms and a 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, monthly interest rate is 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: monthly interest rate 1.0%,

If a mortgage is collateralized, monthly interest rate is 1.2%.

Interest rate /annual/  If a mortgage is collateralized, an annual interest rate is 8.0%, If apartments payment paid: 30.0%-39.9%- interest rate 17.4% /annual/, 40.0%-49.9%- interest rate 16.8% /anual/, 50.0% or above – interest rate 16.2% /annual/

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

If a mortgage is collateralized, an annual interest rate is 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 credit history.

Please download the loan application form with the documents required. 

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

Product terms:

Housing loan
MNT USD
Interest rate Down payment /Percentage of total payment of the house/ 30.0%-39.9% 40.0%-49.9% 50.0% or above 30.0% or below 30.0% or above
Interest rate /monthly/
1.55% 1.50% 1.40% 1.10% 1.00%
Interest rate /annual/ 18.60% 18.00% 16.80% 13.20% 12.00%
Period up to 180 months
Service fee 1% of the total loan amount or currency equivalent to 1,500,000 MNT
Increased interest Equivalent to 20% of increased rate
Amendment fee 1% on loan balance
Application fee  10,000 MNT

Reference fee /each/*

Individual - 1,000 MNT
Corporate - 1,000 MNT

 

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 application form with the documents required. 

 

Mortgage loan program jointly implemented by the Bank of Mongolia and commercial banks.

 

MORTGAGE LOAN

TERMS

Maximum amount

Up to 100 million MNT or shall not be more than 70% of the price of the apartment on sale /If collateral is real estate

then the percentage does not need to be taken into account./

Down payment

Not less than 30%

Interest rate /annual/ 

6%

Period

Up to 360 months

Service fee

1% on loan amount or a maximum MNT 1.5 million 

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, 2022.

Additional requirements: 

1. Primary borrower must not been involved government financed soft loan and no outstanding loan balance prior to the loan application;

2. Must have received business and salary income through the Transport and Development Bank for at least the last 6 months.

The purpose of this loan product is to improve energy-efficiency in ger districts of Ulaanbaatar and reduce energy consumption in the construction sector as part of the policy to implement green development strategies and plans.

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 /annual/  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.
Loan term 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, 2022.

 


MORTGAGE LOAN