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Parking purchase loan

Secure your parking space with ease through our Parking Purchase Loan, offering long-term financing and favorable terms. Ensure your vehicle has a safe and designated spot. Apply for a Parking Purchase Loan today!

Loan condition

Down payment amount

Interest rate

Term of loan

Loan amount

20%

Annual - 19.20%
Monthly -1.60%

Up to 84 months

Up to MNT 70.0 million

Service fee 

0.5% (from MNT 50,000 to 300,000)

*If you have an existing mortgage loan balance with TDB or are applying for a mortgage purchase loan, you can enjoy a 0% down payment on your parking purchase loan.
**Actual cost of loan (annual): 19.38%

Requirement
  • 18 years old or above, Mongolian citizen
  • Employment: Must have worked with the employer for at least 1 year
  • 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
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

  • Garage 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.

  • 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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