CONDITIONS | Loan amount | 1,000,000 MNT – 50,000,000 MNT |
Monthly interest rate | 3.5% – 4% | |
Collateral | Truck/heavy equipment (if necessary, additional collateral is required) | |
Loan term | 6 to 24 months | |
Down payment | 30% of the purchase price or more | |
Insurance | Compulsory liability insurance for Drivers Commercial truck insurance | |
Assessment and approval | Within 1 hour | |
Loan fee | 0.5% of the amount | |
REQUIREMENTS | – Large trucks and heavy equipments | |
SUPPORTING DOCUMENTS | – Income statements (bank statements) – Vehicle statement of ownership, customs import documents, vehicle sale agreement |
*Please note that repeated late payments will result in your credit score drop.