Using your apartment as collateral

Using your apartment as collateral

CONDITIONSLoan amount1,500,000 MNT – 30,000,000 MNT
Monthly interest rate3.5% – 4%
CollateralApartment
Loan term6 to 24 months
Assessment and approvalWithin 1 business day
Loan fee0.5% of the amount
REQUIREMENTS– Deed of Gift is not accepted.
SUPPORTING DOCUMENTS– Income statements (bank statements, tenancy agreements and other supporting documents)
– Certificate of Title

Our tip:

Make sure to check how much the loan fee is and how much you have to pay every month before getting the loan.