Required
- Original or notarized copy of identity card / for each borrower and co-borrower/
- If with wage income: Social Security reference
- If you have business income: Financial statements, business income and activity identification documents, and other documents
- Collateral documents /If necessary/
- Outstanding loan agreement from other banks and NBFCs
- Invoice for the vehicle to be purchased
- A copy of the customs declaration of the vehicle to be purchased
| Loan conditions: | MNT |
| Loan amount: | Does not exceed the price of the car being purchased |
| Term of loan: | If you have salary income – up to 30 months. If you have business income – up to 96 months |
| Loan interest /annual/: | 15.60% |
| Down payment: | Not less than 10% of the value of the vehicle |
| Loan Application Fee: | 0 MNT |
| Fees for lending services: | 0.5% of the loan amount or 500 thousand MNT. |