Car collateral loan
Car collateral loan
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Objective
The loan that supports an individuals, entrepreneurs and business organizations.
| Collateral | Car |
| Repayment method | Monthly equal payment |
| Service fee | 0.5% of loan amount |
| Insurance | Car insurance is necessary |
- Must have repayment proof
- Don’t have to bad credit history on Mongolian Loan Database
- Others
- ID /registration number/
- 1 copy of portrait photo
- Document for proof of income
- Documents of collateral
Loan request condition
Loan amount | 40% of the car’s market price or up to 30 million MNT |
Interest rate /monthly/ | 2.5%-3.5% |
Loan term | Up to 12 months |
Collateral | Car |
Repayment method | Monthly equal payment |
Service fee | 0.5% of loan amount |
Insurance | Car insurance is necessary |
Application fee | 10,000 MNT |
Requirement
- Must have repayment proof
- Don’t have to bad credit history on Mongolian Loan Database
- Others
Loan request document
- ID /registration number/
- 1 copy of portrait photo
- Document for proof of income
- Documents of collateral
Other products
