Vehicle-car loan
A loan product for customers going to buy a car for personal use.
Loan term | Salary income: Up to 30 months Business income: Up to 96 months |
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Interest rate /Annual/ | 17.40% – 20.40%
/Workers from the contracted companies: Terms of Cooperation agreement/ |
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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) |
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