Car loan details | New car |
---|---|
Condition | The car should be new and likely unused |
Interest rate | Annual 18.0% |
Loan Amount | Does not exceed the price of the car |
Loan Tenor | Individual: 30 months |
Down payment | *20 - 40% |
0% down payment if additional immovable property is pledged | |
Service fee | 0.5% of the loan amount (up to 500,000 ₮) |
Car dealer | Must be purchased from an authorized distributor |
Car loan details | New car |
---|---|
Condition | Must be a new car |
Interest rate | Annual 16.8% |
Amount | Does not exceed the price of the car |
Loan Tenor | Individual: 30 months |
Down payment | *20 - 40% |
0% down payment if additional immovable property is pledged | |
Service fee | 0.5% of the loan amount (up to 500,000 ₮) |
Car dealer | Must be purchased from an authorized distributor |
Eligibility Criteria:
- Mongolian citizens or business entities with at least one year of stable business operations.
- Individuals must have been employed at their current organization for at least six months.
- No overdue or non-performing loans with banks or financial institutions.
- Must demonstrate the ability to repay the loan.
- Must meet other requirements set by the bank.
- Repayment Capability: The borrower must demonstrate the ability to repay the loan.
№ | Cooperating car dealers | Link | |
---|---|---|---|
1 | Image
![]() | Munkhkhada LLC | http://www.munkhada.com/ |
2 | Image
![]() | Tavanbogd LLC | http://www.toyota-tavanbogd.mn/ |
3 | Image
![]() | Star Chase Automotive | |
4 | Image
![]() | Bogd Motors | http://bogdmotors.mn/ |
5 | Image
![]() | Bavaria Motors LLC | https://www.bmw.mn/ |
6 | Image
![]()
| Giza LLC | www.haval.mn |
7 | Image
![]() | Bridge Motors LLC | http://suzuki.mn/ |
8 | Image
![]() | MSM Group | https://www.msmgroup.mn// |
9 | Image
![]() | Och Motors | https://www.facebook.com/ochmotors?mibextid=LQQJ4d |
10 | Image
![]() | Top Motors | https://www.toyota-topmotors.mn |
11 | Image
![]() | Geely | https://www.geelymongolia.com |
12 | Image
![]() | Mership | https://www.mership.mn |
13 | Image
![]() | Sain Motors | https://www.facebook.com/Sainmotors.mn |
14 | ![]() | Amar Kia Auto Motors | https://www.amarkia.mn |
15 | Image
![]() | Meta Motors | https://www.facebook.com/KaiyiMongolia/ |
16 | Image
![]() | Global Motors | https://www.facebook.com/MgMotorsMongolia/ |
17 | Image
![]() | Jiguur Grand Group | |
18 | Image
![]() | Doctor auto chain |
|
19 | ![]() | MTS Special Motors | https://www.facebook.com/dongfengautomobilemongolia |
20 | Image
| Car Max | www.carmax.mn |
- Additional Requirements: Must meet any other criteria set by the bank.
- Employment: Must have worked with the employer for at least 6 months
- For Individual Entrepreneurs: Must have been operating for at least 1 year
- Credit History: Must be free of overdue or non-performing loans in banks or non-bank financial institutions
- The borrower must have the capability to repay the loan.
- Other requirements set by the bank may apply.
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