Vehicle-car loan
A loan product for customers going to buy a car for personal use.
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Loan term Salary income: Up to 30 months
Business income: Up to 96 monthsInterest rate /Annual/ 17.40% – 20.40% /Workers from the contracted companies: Terms of Cooperation agreement/
Effective percentage rate/annual/ 17.82% – 20.83% Down payment High demand 20% Low demand 30% If the year of manufacture is more than 10 years, the advance payment will be increased by 10 percent Application fee 10,000 MNT Commission charge 0.5% of total loan amount (maximum 1.0 million MNT) - Permanent residential address where the applicant lived for at least 1 year;
- Consistent monthly income /Salary or Business/;
- Legally validated company or legally responsible individual;
- The purchase must be made from suppliers in contractual agreement with Golomt bank.
- ID card
- Request form
- Request (To be written by hand and signed)
- Passport size photo taken in last 3 months
- Drivers’s license
- Employee reference letter stating monthly salary amount;
- Salary account statement in last 6 months
- Import declaration form for purchasing appliance
- Vehicle registration certificate
- Invoice of purchasing appliance
- Down payment receipt of purchasing appliance
- Other materials
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