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New Car Loan

Get behind the wheel of your dream car! Purchase a brand-new vehicle from official distributors in Mongolia partnered with TDB.

Loan condition

Car loan details 

New car

Condition

The car should be new and likely unused

Interest rate

Annual 18.0%
Monthly 1.50%

Loan Amount

Does not exceed the price of the car

Loan Tenor

Individual: 30 months
Company: 96 months

Down payment

*20 - 40% 

0% down payment if additional immovable property is pledged

Service fee

0.5% of the loan amount (up to 500,000 ₮)

Car dealer

Must be purchased from an authorized distributor

Car loan details 

New car

Condition

Must be a new car

Interest rate

Annual 16.8%
Monthly 1.40%

Amount

Does not exceed the price of the car

Loan Tenor

Individual: 30 months
Company: 96 months

Down payment

*20 - 40% 

0% down payment if additional immovable property is pledged

Service fee

0.5% of the loan amount (up to 500,000 ₮)

Car dealer

Must be purchased from an authorized distributor

Requirement

Eligibility Criteria:

  • Mongolian citizens or business entities with at least one year of stable business operations.
  • Individuals must have been employed at their current organization for at least six months.
  • No overdue or non-performing loans with banks or financial institutions.
  • Must demonstrate the ability to repay the loan.
  • Must meet other requirements set by the bank.
  • Repayment Capability: The borrower must demonstrate the ability to repay the loan.

Cooperating car dealers

Link

1
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munkhada
Munkhkhada LLChttp://www.munkhada.com/
2
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tavan bogd
Tavanbogd LLChttp://www.toyota-tavanbogd.mn/
3
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starchase
Star Chase Automotive

https://www.porsche.com/pap/_mongolia_/

https://www.landrover.mn/

https://www.jaguar.mn/

4
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tavabogdd
Bogd Motorshttp://bogdmotors.mn/
5
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bavaria
Bavaria Motors LLChttps://www.bmw.mn/
6
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haval

 

Giza LLCwww.haval.mn
7
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suzuki
Bridge Motors LLChttp://suzuki.mn/
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msm
MSM Grouphttps://www.msmgroup.mn//
9
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ochmotors
Och Motorshttps://www.facebook.com/ochmotors?mibextid=LQQJ4d
10
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topmotors
Top Motorshttps://www.toyota-topmotors.mn
11
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geely
Geelyhttps://www.geelymongolia.com
12
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mership
Mershiphttps://www.mership.mn
13
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sainmotors
Sain Motorshttps://www.facebook.com/Sainmotors.mn
14amarkiaAmar Kia Auto Motorshttps://www.amarkia.mn
15
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KAIK
Meta Motorshttps://www.facebook.com/KaiyiMongolia/
16
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globalmotors
Global Motorshttps://www.facebook.com/MgMotorsMongolia/
17
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jiguurgrand
Jiguur Grand Group 
18
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chevy
Doctor auto chain

 

chevrolet-auto.mn


 

19MTS Special Motors https://www.facebook.com/dongfengautomobilemongolia

 

Required document
  • Additional Requirements: Must meet any other criteria set by the bank.
  • 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
  • The borrower must have the capability to repay the loan.
  • Other requirements set by the bank may apply.
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