Used car loan

Loan condition

Loan term		Used car
Loan condition		used for 13 years or less since the date of manufacture for Toyota and Lexus cars (cars with or without license plates) used for 10 years or less since the date of manufacture for other cars brands (vehicles with or without license plates)
Interest rate /monthly/		down payment 10%-20%	1.70%
		down payment 20%-30%	1.60%
		more than 30% down payment	1.50%
Amount		100 million MNT
Loan period	Individual	30 months
Loan period	Company	48 months
Down payment		10%-30% (0% advance payment may be applied to customers who receive their salary through TDB’s account and who provide residential or commercial real estate as a collateral on the loan.)
Service fee		0.5% of the loan amount (up to 500,000 ₮)

Requirement

Must be 18 years old
Must be a permanent employee with the current employer at least 6 month's tenure
Bound business entity and organization that has been operating continuously for at least one year
Having no overdue or non-performing loans to banks and financial institutions.

Required document

Loan application.
The following documents can be obtained from the KHUR system by scanning your fingerprints at the bank branch, or you can bring them in original.
Copy of Identification Card.
Reference of the residential address; (Official letter is valid for 30 days)
Employment contract.
Reference of the social insurance payment.
Purchase agreement.
Documents proving business activities.
Other required documents.

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