Advantages of Consumer Loan
- Flexible interest rates
- Quick processing
- Long-Term Repayment
- Higher Loan Amount
- Simple Documents
- Low additional fees
Consumer Loan
The loan amount
₮1.0 million-₮50.0 million
Interest rates
3% - 3.3%
Loan term
3-36 months
Advance payment
-
Collateral
Apartments and office buildings, Commercial spaces, Gated houses , Motor vehicles
Other Expenses
Credit Bureau Fee: ₮5,000
Loan Origination Fee: 1.0% of the total loan amount
Optional Insurance: 1.2% - 2.0% of the collateral's value, depending on the customer's choice
Required Documents
- Valid ID card
- Proof of residency
- Proof of income
Requirements
- Must be an adult
- Must have a positive credit history with the Bank of Mongolia
- Must have a permanent address in Ulaanbaatar