Opay MN

About Opay MN

Example description of loan products:
1. Electronic credit card loan:
 Maximum loan amount: 5,000,000.00 ₮
 Loan period: 2 - 6 months
 Interest: 36% per annum / 3.0% per month
Example 1.
On 20.05.2024, the client took out a loan of 5,000,000.00 ₮ with a term of 24 months, 3.0 per month
in case of personal interest loan
Amount of payment: 2024.06.01 On the 1st of each month, the loan used in the previous month
Interest will be calculated from the amount and the minimum payment amount will be determined.
Note: Payment amount = (5,000,000.00₮/10 +(5,000,000.00₮ x 36%)/365 days *11
days)/10=505,424.65
*** 505.424.65₮ is paid on the 1st of every month according to the invoice
will pay off.
*** Invoices created on the 1st of each month are due by the customer by the 20th of that month
will be paid/ The interest calculated between the 1st and 20th of each month will be added to the next month's payment
will count.

2. BNPL/THAT?:
Loan terms: The price of purchased goods and services shall be paid in 5 installments within 60 days.
 Maximum loan amount: 3,000,000.00₮
 Loan period: 24 months
 No interest: /annual or monthly interest 0%/
Example 2.
For the purchase of 3,000,000.00 ₮ goods, 600,000.00 ₮ in advance and the remaining 2,400,000 ₮
It will be paid in 4 installments without interest within 60 days (600,000 MNT in 15 days).
Payment for 15 days = 3.000.000.00/5=600.000.00₮. In the first 15 days when purchasing goods
600,000.00₮ and the remaining 2,400,000.00₮ will be paid in 60 days (600,000.00₮ in 15 days).