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) |
