Auto loan

Loan provided to individuals and businesses to purchase new and used cars for their own needs.

Product conditions

Loan SizeLoan interestLoan durationService feeDown paymentCollateral Asset
Up to 30.0 million MNT /If it is more than 30.0 million MNT, additional funds/assets must be pledged/2.8% - 3.3%36 months0.3% - 0.5%20% - 50%Auto vehicle

Application requirements

  • Vehiclewith customs documents should be produced within 14 years of frame
  • The vehicle should have a number plate, must have been imported to Mongolia within 3 years and manufactured within 14 years of frame
  • Must be holding a stable job /operation/ for the last 6 months
  • Must be operating in Ulaanbaatar city /organization/
  • Must be employed in Ulaanbaatar city /citizen/
  • Must not have any overdue debts
  • Must approve vehicle insurance

Application documents

Corporation

  • Official loan request
  • Company certification and by law
  • Business Licenses
  • Proof of income

Retail

  • Electronic ID
  • Proof of income
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