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Product terms
Loan size
5,000,000 MNT – 50,000,000MNT
Loan period
Up to 176 months
Repayment frequency
Once a month
Interest rate
3.69% – 3.99%
| Loan amount | 5,000,000₮ – 50,000,000₮ |
|---|---|
| Loan purpose | Consumer loan |
| Loan period | Up to 176 months |
| Interest rate (monthly) | 3.69% – 3.99% |
| Overdue interest | None |
| Service fee | None |
| Collateral | Not required |
(The percentage rate same as the interest rate)
- 1. Must be a citizen of Mongolia and at least 18 years of age
- 2. Must have received regular income for the last 6 months or more
- 3. Submit the bank statement showing regular income for the last 6 months or more, and provide the social security premium information sent from the DAN system.
- 4. Must have no overdue loan balance or history in the Credit database
- 5. Must have sufficient debt-to-income ratio to repay the loan
What is Flexi ?
Flexi loan is a brand-new loan product offered by LendMN, designed to help you meet your financial needs anytime with ease. This loan provides a longer repayment period with flexible terms, ensuring greater convenience for our customers.
With Flexi loan, your maximum credit limit and loan term are determined in advance, allowing you to borrow, repay, and reborrow within this limit multiple times—similar to a credit line.
What are the key terms of the FLEXI Loan?
- Loan limit: MNT 5 million – MNT 50 million
- Base interest rate (monthly): 3.99% (if repaid on time, the interest rate is reduced to 3.69%)
What makes FLEXI Loan special?
- A dedicated credit line just for you
- Higher loan limits available
- Ability to borrow multiple times within your credit line
- Flexible repayment over an extended period
- Lower interest rates for timely repayments
- Monthly repayments on a date of your choice
- No loan disbursement fees or penalty interest
How to get Flexi Loan?
If you’re applying for a FLEXI Loan for the first time, follow these steps:
- Submit your bank statement from the bank account where you receive your regular income.
- Your FLEXI credit limit will be automatically calculated in the LendMN app.
- Sign the FLEXI loan agreement digitally.
- Choose your loan amount and repayment date (one-time selection).
- Review your repayment schedule.
- Confirm the loan agreement addendum digitally.
If you want to continue using your FLEXI credit line or request a higher loan limit, you’ll need to review the updated repayment schedule and confirm the required agreement updates each time.
When to pay?
With a Flexi loan, repayments are made once a month on the date you select.
How do I choose my repayment date?
When you take out a Flexi loan for the first time, you will need to select a fixed monthly repayment date. This date will be recorded in your repayment schedule and confirmed accordingly.
Can I change my repayment date?
Your selected repayment date remains fixed until your outstanding loan is fully repaid. Once the loan is cleared, you may choose a new repayment date for future loans.
What is a repayment schedule?
Each time you utilize your Flexi credit line, a repayment schedule is generated based on your outstanding loan balance. This schedule outlines the payment amount and due dates to help you manage your repayments effectively.
Before taking out a new loan under your Flexi credit line, you will need to review and confirm the updated repayment schedule.
