LOW EMISSION CAR LOAN
Terms and conditions:
Loan term /by month/ |
up to 48 months |
Interest rate/monthly/ |
Monthly: 1.4 - 1.7% Annually: 16.8% - 20.4% |
Loan amount |
50,000,000 MNT |
Down payment |
20-30% /If additional immovable property is pledged down payment amount can be decreased down to 0%/ |
Requirements:
- Resident in areas where branches of the bank are located;
- Proof of business income;
- Invoice from supplier to purchase goods by loan;
- For individuals, must have salary income, family income or other business income and be financially capable to repay loan principle and interest payment;
- Invoice and copy of customs documents of the car to be purchased must be obtained from supplier.
Required documents:
- Invoice letter of product;
- Completed loan request form;
- Residential reference letter;
- Salary and income reference of loan holder or co-obligor;
- Original documents of all collaterals.
