MNT
Features | Income not proven* | Income proven |
|---|---|---|
Loan amount | Up to MNT 80.0 million | |
Interest rate* | Annual 24.0% Monthly 2.0% | Annual 22.8% - 21.6% Monthly 1.9% - 1.8% |
Term of loan | Up to 24 months | Up to 36 months |
Fee | 1.0% | |
Collateral asset | Apartment | Apartment |
| Real estate with the land | ||
| Real estate with land for business purposes | ||
| Fenced land with a real estate | ||
Period of exemption from principal payment | Flexible payment conditions. (Interest payment only, principal can be paid at the end of the term) | Interest rate will be paid monthly, and the maximum period of exemption from principal payment is up to 3 months. |
*The actual cost of the loan (annual) is 19.92%-22.36% in the condition that the requested loan amount is within 50% of the value of the collateral property.
18 years old or above, have legal capacity, and a citizen of Mongolia
Be free of overdue, non-performing loans in banks and non-bank financial enterprises
Have a collateral that meets bank’s requirements
All co-owners of collateral must agree to take a loan
Other requirements from bank
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