Ikh Ireedui Capital is provides an opportunity to its customers to obtain quick loans without collaterals using a mobile application based on credit scoring.
Easy registration process
1. Download Easy Loan application and click on the Register button
Registration details include:
• Mobile phone number
• Identification number
2. Upon registration, a 6-digit OTP or one-time password will be sent to the registered phone number for verification.
3. Register for the application according to the instructions and once you sign your one time
contract, you will become our customer.
The application will identify and confirm the customer, create their account, offer non-bank financial services, determine potential credit rights, and provide comprehensive financial services.
Collection and Usage of Customer Information:
Parent's name, own name, date of birth, place of birth, residential address, location, civil registration number, assets, financial information, bank account statements, education, electronic identifiers, electronic documents, and any other information that can directly or indirectly identify a person (including, in some cases, sensitive information about a person).
Information provided by the client without violating the right to freedom and inviolability of their family members.
Information from the Unified Identity Access System (DAN), State Information Exchange System (KHUR), and Information in the Credit Database.
Information about the client's device using the "Easy Loan" application (hereinafter referred to as "Information").
The "Easy Loan" application will collect, process, and use customer data in accordance with this agreement. However, in the event of signing a contract related to the provision of financial services, the Information will be used until the obligations under the contract are fully terminated.
Privacy Policy:
We respect your right to privacy, and the protection of your personal information is important to us.
Ikh Ireedui Capital NBFI is committed to protect customers’ information. Ikh Ireedui Capital NBFI is obliged not to disclose customers’ information unless required by the legal authorities under the applicable law.
Easy Loan application provides following services under the laws and regulations of Mongolia:
• Online loan
• Online payment and transactions
Loan Terms:
Maximum loan amount: 5 million MNT
Loan amount: MNT 100,000 – MNT 5,000,000
Monthly interest rate: 3%
Maximum Annual Percentage Rate /APR/: 36%
Minimum and maximum period for repayment: 3 months up to 30 months
Loan disbursement service commission: 0.5% of the disbursed loan amount
Representative example:
Example for a 90-day loan with principal amount 100,000MNT
Loan amount: 100,000 MNT
Loan repayment: 3 months ('To extend' button appears 5 days before due date)
Monthly interest rate: 3% + 500MNT (bank transactions fee)
Monthly equal repayment: 35,325,11 MNT
Total interest: 5,975,32 MNT
Total Amount Payable: 105,975.32 MNT
How to repay?
You shall be receiving scheduled loan repayment reminders through SMS and push notifications. Repay and reloan instantly, no re-application required. Loans can be repaid anytime, up to 365 days. The customers can repay the loan directly from Easy Loan application and through the mobile applications of local banks.
Safety starts with understanding how developers
collect and share your data. Data privacy and security practices may vary based
on your use, region, and age. The developer provided this information and may
update it over time.
