Авто машин барьцаалсан зээл

Car collateral loan

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Objective

The loan that supports an individuals, entrepreneurs and business organizations.

Loan amount

Loan amount

40% of the car’s market price or up to 30 million MNT

Interest rate /monthly/

Interest rate /monthly/


2.5%-3.5%
Loan term

Loan term


Up to 12
months

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

  • 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

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