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Hadgalamj

Mortgage loan

Achieve homeownership with our Mortgage Loan, offering the most favorable terms to suit your financial needs. Start your journey to owning your dream home today. Apply for our Mortgage Loan and make it a reality!

Loan condition

Loan terms

Loan amount

Up to MNT 1.0 billion 

 Term of loan

Up to 20 years

 

Interest rate** 

Down payment amount* 

 Up to 20 - 30%

Annual 19.2% (monthly 1.60%)

 Up to 30 - 40%

Annual 18.0% (monthly 1.50%)

40% and above

Annual 17.4% (monthly 1.45%)

Service fee

From loan amount - 0.8% (max MNT 1,000,000)

*Down payment can be 0% when additional real estate collateralized.
**Actual cost of loan (annual): 16.43% - 19.45%

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

  • Applicants must not have any overdue or non-performing loans with banks or non-bank financial institutions.
  • 55% percent of income after tax must be sufficient for monthly payment

  • The loan financed property and the borrower should be insured during the term of the loan.

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)

  • 1 pcs of ID photo

  • 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

  • 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.

  • A description of whether there are debts or payments from the General Directorate of Public Administration

  • Copy of marriage certificate or marriage enquiry

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

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

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

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

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