Eligibility

  • Applicant shall be student’s legal guardian Applicant shall have constant income;
  • Shall not have past due or non-performing loan balance;
  • Shall have collateral that meets bank’s requirements /collateral in the form of immovable asset is obligatory for loans amounted more than 10 million MNT/. 

Loan conditions

LOAN AMOUNT
INTEREST RATE (ANNUAL)
TERM
LOAN ORIGINATION
LOAN APPLICATION FEE
MNT
USD
Up to 100 million MNT or equivalent USD
Nominal interest
rate 21.6%
Effective interest rate 24.1%
Nominal interest rate 12.00%
Effective interest rate 12.75%
Up to 7-12    months        
1.00%
2 000 MNT

Required documents

  • ID passport;
  • ID and birth certificate of the student /notarized/;
  • Proof of address;
  • Other documents as proof of income;
  • Student’s personal file;
  • School reference letter;
  • Tuition fee invoice;
  • Documents related to collateral ;
  • Other related documents required by the loan officer depending on applicant’s income.
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