Used Car Loan

Loan condition

Loan term		Used car
Loan condition		Toyota and Lexus cars: Must be 13 years or less since the manufacturing date (vehicles with license plates or not). Other brands: Must be 10 years or less since the manufacturing date (vehicles with license plates or not).
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% Down Payment may apply if you transfer your salary through TDB's account and provide residential or commercial real estate as collateral.)
Service fee		0.5% of the loan amount (up to 500,000 ₮)

Requirement

Must be 18 years old
Employment: Must have worked with the employer for at least 6 months
For Individual Entrepreneurs: Must have been operating for at least 1 year
Credit History: Must be free of overdue or non-performing loans in banks or non-bank financial institutions

Required document

To apply for a Used Car Loan, the following documents are required in original:

Other Required Documents

The following documents can be obtained via the KHUR system by scanning your fingerprints at the bank branch or can be brought in original:
Reference of Residential Address (Official letter valid for 30 days)
Social Insurance Evidence
Note: Co-borrowers must also submit the same set of documents.

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