This loan is intended to finance renovation of apartments or houses and fences. shall not exceed 70% of total cost of improvement
Loan terms:
Loan amount 20,000,000 shall not exceed 70% of total cost of improvement
Interest rate:
1.9%-1.8% (22.8%-21.6% per annum ) /up to 18 months/
1.9%-1.85% (22.8%-22.2% per annum) /up to 36 months/
Term: up to 36 months
Fees and commission:
Loan application fee: 15,000 MNT
Acceptance fee: 1.0 percent of advanced loan
Requirements:
• Permanent residency in the local area.
• Steady income; e.g., salary or business income sufficient to repay the loan principal plus interest expenses according to the payment schedule specified in the loan agreement.
• The customer should not be involved in any on going legal dispute over any property.
• Others
