We offer a wide variety of mortgage programs for homeowners and first time homebuyers.

Advantages

• No deposit is required with the lender.
• Mortgage rate is highly competitive and fixed through the entire lifetime of the loan.
• Consistent principal and interest payments make this loan stable. Your rate won't change, so you don't need to worry about market fluctuations. A good choice if you're likely to stay in this house for a long time.
• The loan is Secured by purchasing home.
• house down payment must be more than 25%.
• Pre-approvals can be provided to borrowers who are in search of their loan.

Lending term

Borrower Requirements

• Family income must be a basement and stability;
• Down payment of 25% is required and financial ability to the pay down payment;
• Collateral has to be appraised up to the value;
• Monthly, Debt payment to income ratio of 45% of the total family income;
• We will not issue a loan against specialty, portfolio, construction, state housing, and government and home equity products;
• Property must be single-family home, condominium, townhouse located within the city limits of Ulaanbaatar.
• The property must be owner occupied through the entire lifetime of the loan;
• Investment properties are not allowed;
• Meet credit, income and loan criteria of the lender.

Loan process and repayment condition

• Loan application fee is MNT10 000;
• Your home loan decision is with in 10 business days;
• Guaranteed closing costs are based on the bank provided in market value;
• Borrower’s repayment schedule was a fixed and loan advanced payment is not acceptable;
• Borrower may make interest only payment for 3-12 months. The loan will be fully amortized for the remaining term. There is a prepayment penalty of 3 months interest on the amount by the time the loan was paid.
• Loan application along with the necessary documents will be reviewed by our underwriters within 10 business days and the decision will be made;
• Once you've done so, review your information and submit your personal loan profile to the Loan department;
• Then we'll process your information in 10 business days;
  Once you've received your approval, you can finalize your loan program.

Required documents

1. Loan application form;
2. Personal information form of borrowers;
3. Salary confirmation letter by employer; (VOE)
4. Metropolitan police and district department confirmation letter for borrowers;
5. Borrowers address by authorized organization;
6. Notarized copy of Identification card and social insurance card; 
7. Family income information; (including bonuses, overtime, and income from any other business source)
8. Guarantee certification by original copy, if collateral owner is more than two man need to confirmation letter of owners;
9. Inquiry from Mongolian Properties and real estate agency;
10. Loan repayment schedule;
11. Provide information about the property you're financing;
12. Payment slip for application fee.

Carefully review these documents, then sign and sent them in Loan department

Required documents for loan approval;
-    Borrowers must be insurance their life.
-    Collateral insurance for house purchasing borrower.

• Loan application form
• Personal information form of borrowers
• Personal information form of co-borrowers
• Mortgage loan rate calculator