Secured truck/heavy equipment loan

Secured truck/heavy equipment loan

CONDITIONSLoan amount1,000,000 MNT – 50,000,000 MNT
Monthly interest rate3.5% – 4%
CollateralTruck/heavy equipment
(if necessary, additional collateral is required)
Loan term6 to 24 months
Down payment30% of the purchase price or more
InsuranceCompulsory liability insurance for Drivers
Commercial truck insurance
Assessment and approvalWithin 1 hour
Loan fee0.5% 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.