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Улаанбаатар Хотын Банк

Apartment purchase loan

This Loan is for your financial needs to purchase an apartment.

Loan conditions:
Term Loan amount Interest rate based on down payment Collateral
Up to 180 months Up to MNT 350,000,000
18% where 20% to 29% of down payment is paid 16.8% where more than or equal to 30% of 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. Stable employment history at public or private company (should have worked at least 1 year at current employer;
  3. 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: 1800-1800

2019-06-11

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