Sign the contract in person at the head office of “LandMN BBSB” JSC in Ulaanbaatar city, Chingeltei district, 3rd district, Suvd center or the nearest notary.
The location of a notary where a contract can be concluded can be found in the LendMN application and by calling 7707-0101.
Every time you repay the loan on time, you get bonus points by multiplying the loan days by 10. For example: if you take a 30-day loan and pay it back on the 30th day, you will get 30×10=300 points, and if you pay on the 25th day, you will get 25×10=250 points.
Bonus points are not awarded in the following cases.
When the loan is overdue
In case of repeated credit periods, the first credit score will be entered in full, and the next credit score will be included
The purpose of obtaining your bank login and password is to calculate credit eligibility through bank statements, saving you time by automating the process of manually fetching bank statements.
Also, this account connection is a one-time system-level operation without human intervention to determine your income, and your bank details are not stored.
You can pay your loan repayments by logging into the application, and you can also make payments to the following LandMN accounts:
Trade and Development Bank: account number 460020642
Golomt bank account number: 1505119229
King Bank: Account No. 5220042965
Please note that if you make a repayment with the above account, you must write the loan number and your registration number in Krill characters in the transaction value.
Extension is possible when your loan balance is over MNT 50,000. When you extend your loan term, you pay a total amount equal to 10% of the accrued interest, fees, and principal.
If your loan is overdue, your access to the service will be suspended until repayment is made and no bonus points will be awarded.
Furthermore, your delinquent loan information will be recorded in the Credit Database as a downgraded loan. Please note that there is a risk of not being able to get credit services from other banks and financial institutions.
