Electric Car Loan

Loan condition

Loan terms		Electric car
Requirement		New	Used
Requirement		Does not exceed the price of the car	Used for 10 years or less since the date of manufacture (cars with or without license plates)
Interest rate		30 months	Up to 31 months
Interest rate		Annual 17.40% Monthly 1.45%	Annual 18.00% Monthly 1.50%
Amount		Does not exceed the price of the car	100.0 million MNT
Loan period	Company	96 months	60 months
Loan period	Individual	30 months	30 months
Down payment		10% (If additional immovable property is pledged, you can get a new car loan with no down payment)
Car dealer		Official supplier	Dealer
Service fee		0.5% of the loan amount (up to 500,000 ₮)

Requirement

Must be 18 years old
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

Required document

Other Required Documents

The following documents can be obtained via the KHUR system by scanning your fingerprints at the bank branch or can be brought in original:
Reference of Residential Address (Official letter valid for 30 days)
Social Insurance Evidence
Note: Co-borrowers must also submit the same set of documents.

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