Example description of loan products:
1. Electronic credit card loan:
Maximum loan amount: 5,000,000.00 ₮
Loan period: 24 months
Interest: 3.0% per month
Example 1.
In case the customer borrows a loan of 5,000,000.00₮ on 20.05.2024 with a term of 24 months and a monthly interest rate of 3.0%
Payment amount: 2024.06.01 On the 1st of each month, the minimum payment amount will be determined by calculating interest from the loan amount used in the previous month.
Note: Payment amount = (5,000,000.00₮/10 +(5,000,000.00₮ x 12 months*3.0%)/365 days *11 days)/10=505,424.65
*** The invoice of 505.424.65₮ generated on the 1st of each month shall be paid by the customer by the 20th of that month/ The interest calculated between the 1st and the 20th of each month will be added to the next month's payment.
will count.
2. BNPL/THAT?:
Loan terms: The price of purchased goods and services shall be paid in 5 installments within 60 days.
Maximum loan amount: 3,000,000.00₮
Loan period: 24 months
No interest: /annual or monthly interest 0%/
Example 2.
When purchasing goods worth 3,000,000.00 ₮, advance 600,000.00 ₮ and the remaining 2,400,000 ₮
It will be paid in 4 installments without interest within 240 days (600,000 MNT in 60 days).
Payment for 60 days = 3.000.000.00/5=600.000.00₮. During the first 60 days of purchase
600,000.00 ₮ and the remaining 2,400,000.00 ₮ will be paid in 240 days (600,000.00 ₮ in 60 days).
Data safety
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.
