Apartment purchase loan
Loan Purpose:
The loan designed for individuals with steady source of income will finance purchase of apartment
Loan condition:
Loan amount: Maximum loan amount MNT 100,000,000 in UB, 30,000,000 rural area with 70% loan to value
Interest rate:
| Down payment |
Loan term |
| up to 120 months |
| 30-39% |
2.1% /25.2% per annum/ |
| 40-49% |
2.0% /24% per annum/ |
| above 50% |
1.9% /22.8% per annum/ |
Fees and commissions:
Loan application fee: 15,000 MNT 15 USD
Acceptance fee: 1% of advanced amount
Requirements:
- Permanent resident in the area
- The apartment for purchase must be chosen beforehand
- Ability to pay at least 30% of total home value
- steady income, i.e. salary or or business income sufficient to repay the loan principal plus interest expenses according to the payment schedule specified in the loan agreement the property should not be subject to any on-going or pending legal claim
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