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Улаанбаатар Хотын Банк

Loan backed by deposit


Interested customer may apply for loan backed by term deposit
Term of loan:

Term Loanable amount Monthly interest rate of loan Service fee Application fee
USD Other
Up to 12 months
  • For same currency, loan volume equals up to 85% of the savings amount.
  • Loan volume equals up to 80% of the prepaid savings amount.
  • Loan volume equals up to 85% of the savings deposit.
  • Loan volume equals up to 85% of the certificate of deposit.

Monthly interest rate of term deposit + 3%

Monthly interest rate of term deposit + 6% No fee MNT 1,000

Requirement:

  • Should be legal owner of term deposit;
  • Shall make no withdrawal from term deposit during the loan term,
  • To get consent of co-holder of term deposit where bank deems necessary;
  • Shall not place such deposit as collateral to any other loan during the loan term;

Required documents:

  • Loan application (Bank form)
  • ID copy
  • Term deposit book of account holder
  • Consent of each co-holder of term deposit where bank deems necessary
  • Payment receipt of application fee

2016-02-18

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