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Huuhdiin hadgalamj

Private house loan


 

Loan condition

Loan terms

Features

Solving the connection of heat, clean and wastewater

Self-infrastructure system

Connected to state infrastructure system

Loan amount

Up to MNT 1.0 billion

Term of loan

Up to 20 years

 

Interest rate**  

Down payment amount*

20 - 30% 

annual 19.20% (monthly 1.60%)

annual 19.20% (monthly 1.60%)

30 - 40% 

annual 18.60% (monthly 1.55%)

annual 18.00% (monthly 1.50%)

40% and more

annual 17.40% (monthly 1.45%)

annual 16.80% (monthly 1.40%)

Service fee

From loan amount - 0.8%

(up to MNT 1,000,000)

*Down payment can be 0 when additional real estate collateralized, and monthly interest rate will be 1.60%.

**Actual cost of loan (annual): 16.43% - 19.46%

Requirement
  • 18 years old or above, Mongolian citizen

  • Must have worked for the employer enterprise for at least 1 year

  • Individual entrepreneurs have been operating for 1 year or more

  • Be free of overdue, non-performing loans in banks and non-bank financial enterprises

Required document

The original documents below are required. It includes:

  • Loan request (Get it from bank branch or click here to download)

  • Identification card (original copy)

  • Proof of employment with salary amount and years of employment (Statement is valid for 30 days)

  • Employment contract

  • Documents confirming household income and business income

  • If currently owed loan to banks and non-bank financial enterprises, loan contract, collateral agreements, and loan account statements

  • Apartment sale and purchase agreement

  • Property real estate certificate for collateral

  • Land ownership certificate, land cadastral map

  • Construction budget for private housing loans

  • Other documents required during the research

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.

  • Identification of the resident committee or identification from the public service electronic machine; (Description is valid for 30 days)

  • Copy of marriage certificate or marriage enquiry

  • Statement of Social Insurance contributions from the electronic machine of public services.

  • Real estate enquiries about whether the loan is placed as collateral

Note: The co-borrower must also prepare the above materials.

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