Secured car loan

Secured car loan

CONDITIONSLoan amount1,000,000 MNT – 20,000,000 MNT
Monthly interest rate3.5%-4%
CollateralCar
(if necessary, additional collateral is required)
Loan term6 to 24 months
Down payment30% of the purchase price or more
InsuranceCompulsory liability insurance for Drivers
Vehicle insurance
Assessment and approvalWithin 1 hour
Loan fee0.5% of the amount
REQUIREMENTS– Cars and small trucks
SUPPORTING DOCUMENTS– Income statements (bank statements)
– Vehicle statement of ownership, customs import documents, vehicle sale agreement