Product Terms
Amount
1,000₮ – 50,000,000₮
Period
30 or 60 days
Interest rate
| Loan amount | 1,000₮ – 50,000,000₮ |
|---|---|
| Loan purpose | Purchase |
| Loan period | 30 or 60 days |
| Interest rate (monthly) | 0% |
| Upfront payment | Not required |
| Service fee | None |
| Repayment method | Flexible within the selected period |
| Additional condition | Outstanding amount will be converted to a Lend Loan on day 31 or day 61 |
- 1. Must be a Mongolian citizen aged 18 or older
- 2. Must submit a bank statement showing stable income for the past 6+ months and social insurance information
- 3. Must not have overdue loans in the Credit Information Database
- 4. Must have sufficient debt-to-income ratio to repay the loan
What is LendDy?
LendDy is a service designed for LendMN customers with an active credit line, allowing them to instantly purchase products or services from partner merchants with no upfront payment, interest, or fees.
Key Features and Benefits
No upfront payment, no interest, no fees
Can be used for any purchase over ₮1,000
- Repay the desired amount within the selected period
Who is eligible to use it?
Any user with an active consumer loan credit line in the LendMN app is eligible to use the service.
Purchases can be made within the available credit limit.
Where and how to use it?
LendDy can be used to make purchases from merchants and service providers displaying the LendDy logo.
The merchant will send a payment request to your LendMN app. After reviewing and confirming the terms provided in the request, the product or service will be provided immediately.
How is repayment made?
When making a purchase, a repayment period is selected, and payments can be made at any time within that period.
If there is an outstanding balance at the end of the term, it will be automatically converted into a Lend loan.
Can I earn bonus points?
Bonus points can be collected under the same terms as the Lend loan when the full repayment is made on time.
