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Улаанбаатар Хотын Банк

Mortgage loans

Loan for financial need of customer to purchase an apartment

Loan conditions:
Term Loan amount Down payment and loan interest Collateral
Up to 180 months/up to 240 months for companies with cooperation agreement/ Up to MNT150,000,000
1.5% where more than 30% down payment is paid Purchased apartment and other real estates

Prepayment fee:

2% of original amount of loan where the borrower prepays the loan outstanding within 3 years from the date of loan

Requirement:

  1. Citizen of Mongolia;
  2. Should have stable employment history at public or private company (should have worked at least 1 year at current employer)
  3. Should have business income (should have conducted its business for at least 2 years);
  4. Able to pay loan monthly payment with up to 40% of total family income;
  5. No overdue loan or interest payment from other banks, non-banking financial institutions and/or other lenders;
  6. Have placed and/or have proof to pay 30% down payment;

Download required documents and loan application here.

Further information:
Ulaanbaatar City Bank
Mortgage center
Telephone: 315351, 315352

2013-10-16

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