MicroCredit.mn

About MicroCredit.mn

A loan where you complete certain information and meet certain criteria. Once you sign a contract, you will be eligible for a loan of 50,000-1,500,000 MNT.

Loan terms and fees:
Loan amount: 50,000 MNT - 1,500,000 MNT
Service fee: 0 MNT
Loan repayment period: 65 days
Monthly interest: 2.63% - 2.79%
APR: 32% - 34%

For example, for a 65-day loan of MNT 100,000, the interest payment will be MNT 5,698 and the total payment will be MNT 105,698.

Minimum repayment period is 65 days while the maximum repayment period is 120 days, with a minimum APR is 32% while the maximum APR is 34%.

Sample Loan :
Loan Amount 100,000 MNT
Interest Calculation - (100,000 MNT  * 32/100 ) / 365 = 87.67 MNT
Expected Payback amount For 65 days –  100,000 ₮ +  65 days *  87.67 ₮ =   105,698.33 MNT

Get a loan:
1. Register:
Download the Microcredit application, register your user information and confirm your phone number.
2. Defining credit rights:
Based on the information you generate, we will determine the amount of loan and loan terms that can be analyzed.
3. Concluding a loan agreement:
If a loan decision is made, you will come in person once and sign a paper agreement. Come to the contract office and sign a contract.
4. Get a loan:
You can use the Microcredit application to select the type of loan and click on the loan button to adjust the loan amount and term, and transfer the loan to your bank account.