Bank
Bank
Bank

Golomt Bank

Required documents

Basic information

  • Copy of identity card /With adult members of the family/
  • 3×4 size photograph taken in the last 3 months /borrower and co-borrower/
  • Copy of driver’s license
  • Active loan agreement, payment schedule, loan account statement /borrower and co-borrower/
  • Invoice for the car to be purchased
  • Prepaid Receipts/Deposited Account Statements

Proof of income

  • Other bank salary accounts or bank statements proving business income
  • Other income proof materials (salary statements, business contracts, etc.)
  • Other necessary materials

Requirements

  • Must be 18 years old, have full legal capacity, and have a stable income during the loan period
  • If you have salary income, you must have worked as a full-time employee in the organization for the last 12 months
  • If you have a business income, you must have been operating for more than 1 year and have a stable income
  • Get the car you are buying from the contracted supplier of Golomt Bank cooperation

Loan conditions

Term of Loan Up to 30 months for salary income. Up to 96 months for business income
Interest rate 17.40% – 20.40%
Actual cost of loan /year/ 17.82% – 20.83%
Down payment Demand is high – not less than 20%
Medium demand – not less than 30%
If the production year is more than 10 years, the advance payment will be increased by 10 percent
Application Fee 10,000 MNT
Loan fees 0.5% of the loan amount (maximum 1.0 million MNT)

LOAN CALCULATOR

Down payment 10%
Up to 96 months
Interest Rate: 1.5-1.7% a month
LOAN CALCULATOR
For a loan of MNT 227,000,000 with an annual interest rate of 8.4% for 96 months the first monthly payment will be 3,858,000 The loan payment amounts decrease over the life of the loan.

First month payment

0

Total payment during loan tenor

0

Total interest payment during loan tenor

0
MonthRemaining PrincipalPrincipal PaymentInterest PaymentTotal Payment