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 with interest-only payments, and the principal due at the end of the term. | Interest paid monthly with up to 3 months of exemption from principal payments. |
*The annual cost ranges from 19.92% to 22.36%. This applies when the requested loan amount does not exceed 50% of the collateral property's value.
18 years old or above, have legal capacity, and a citizen of Mongolia
- No overdue or non-performing loans with banks or non-bank financial institutions.
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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