Product terms
Amount
250,000₮ – 5,000,000₮
Period
7, 14, 21, 30 days
Interest rate
2.99% – 4.50%
| Loan amount | 250,000₮ – 5,000,000₮ |
|---|---|
| Loan purpose | Consumer loan |
| Loan period | 7, 14, 21, 30 days |
| Interest rate (monthly) | 2.99% – 4.50% |
| Overdue interest rate | 20% of the base interest rate |
| Effective Interest Rate (EIR) | 2.99% – 4.51% |
| Service fee | 2900₮ |
| Collateral | Not required |
* The interest rate may vary depending on whether the loan is taken through the mobile app or in person at a branch.
- 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 a Lend Loan?
Lend Loan is a short-term consumer loan with interest calculated based on the number of days used. Customers who repay their loans on time can also earn bonus points.
How is the loan limit calculated?
Download the LendMN app and follow these steps:
1. Fill out your personal information
2. Submit your social insurance data via the DAN system
3. Upload your income bank statement
Based on this information, your loan limit will be calculated automatically.
How to get a loan?
Once your loan limit has been approved, you can sign the loan agreement via the LendMN app (one-time) and receive your loan.
How to earn bonus points?
Each time you repay your loan on time, you’ll earn bonus points by multiplying the loan days by 10.
Example:
- 30-day loan repaid on day 30 → 300 points
- Repaid on day 25 → 250 points
Please note:
- No points will be awarded if the loan repayment is overdue.
- If you take overlapping loans:
- The first loan will earn full bonus points.
- The second loan will earn points only for non-overlapping days.
How is the repayment made?
You can repay through the app or transfer to one of the following accounts:
- TDB: 460020642
- Golomt Bank: 1505119229
- Khan Bank: 5220042965
Payment reference: Include your loan number and national ID number in Cyrillic letters.
How is the repayment made?
You can repay through the app or transfer to one of the following accounts:
- TDB: 460020642
- Golomt Bank: 1505119229
- Khan Bank: 5220042965
Payment reference: Include your loan number and national ID number in Cyrillic letters.
Can the repayment period be extended?
If the outstanding loan balance exceeds ₮50,000, installment payments can be arranged. To extend the repayment period, the borrower must pay the accumulated interest, applicable fees, and an amount equal to 10% of the principal. The period will then be extended by the selected number of days.
What happens if I miss the due date?
- Your access to services will be temporarily suspended until repayment is made.
- You will not receive any bonus points.
- Your overdue loan will be recorded in the Credit Information Database, which may negatively affect your ability to access future loan services.
Product Terms
Amount
500,000₮ – 50,000,000₮
Period
Up to 176 months
Interest rate
3.89% – 3.99%
| Loan amount | 500,000₮ – 50,000,000₮ |
|---|---|
| Loan purpose | Consumer loan |
| Loan period | Up to 176 months |
| Interest rate (monthly) | 3.89% – 3.99% |
| Overdue interest rate | None |
| Effective Interest Rate (EIR) | Equal to the base interest rate |
| Service fee | None |
| Collateral | Not required |
* The interest rate may vary depending on whether the loan is taken through the mobile app or in person at a branch.
- 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 Flexi loan ?
FLEXI Loan is a financial solution designed to conveniently meet individual financial needs with flexible repayment terms.
Based on income information, a maximum credit limit is determined. Within this limit, funds can be borrowed, repaid, and reused multiple times.
Key Terms of the Flexi loan
- Loan amount: ₮500,000 – ₮50,000,000
- Monthly interest rate: 3.99% (may decrease to 3.89% with on-time repayment)
Benefits of Flexi loan
- Personalized credit line
- Higher loan limit eligibility
- Ability to borrow multiple times within the credit line
- Flexible repayment over a longer period
- Lower interest rate for on-time repayment
- One payment per month, on a user-selected due date
- No disbursement fee or penalty interest
How to apply for a Flexi loan?
For first-time applicants, the following steps are required:
1. Log into the LendMN application.
2. Submit a bank statement showing regular income to calculate the loan limit.
3. Sign the FLEXI loan agreement.
4. Choose the loan amount and preferred monthly due date.
5. Review the repayment schedule.
6. Confirm the agreement appendix.
For future loans or loan limit increases, it is only necessary to review and confirm the updated repayment schedule and appendix.
When to repay?
Flexi loan repayments are made once a month on the date selected by the borrower.
Multiple loans can be taken and repaid within the same credit line. However, the selected repayment date cannot be changed until the credit line is fully repaid and closed.
Once the credit line is fully settled, a new repayment date can be selected when taking out a new loan.
