Eligibility criteria for borrower

• A citizen of Mongolia over the age of 18 with full legal capacity, and has permanent residency in Mongolia;
• The principal borrower has not previously been involved in a subsidized mortgages or rental housing program provided by the State;
• No outstanding loans in respect of subsidized mortgages provided by the Government (applicable to co-borrowers)
• No overdue loans or non-performing loans at any commercial bank or financial institution;
• Must not have any tax debt and not be liable for payment under any court order;
• The applicant shall have been of steady employment at the existing place of work for at least the past 12 months or running their business for at least 2 years;
• The household debt-to-income ratio may not exceed 45.0% of the household’s pre-tax income and social insurance fee;
• The collateral insurance and life insurance are required until the end of the loan term

Eligibility criteria for the apartment to be purchased

• The total area of the residential property to be purchased must not exceed 80 square meters;
• An apartment must be fully connected to electricity, heating, water and sewage, communications and duly commissioned by the relevant authority;
• Collateralized real estate shall be registered by the state, not double registered nor legally pursued by the third party whatsoever

• Loan application /1 passport-sized photo/
• Handwritten application (Loan amount, term, interest rate, purpose should be clearly stated and signed)
• Identification card;
• Residential reference letter from Governor of resident areas;
• In case of customer has salary income, employment reference;
• In case of customer has salary income, employment contract /term is valid/;
• Certified copy of salary transaction if paid by another bank (last 1 year);
• Documents proving business activities;
• Evidence of down payment or ability to pay down payment;
• The sales contract/Apartment sales contract and copy of state registration certificate;
• In case of new apartment, copy of the State inspection evaluation report of building commissioning
• HUR reference: Social insurance payment (fingerprints can be read at the bank branch);
• HUR reference: Marriage registration reference (fingerprints can be read at the bank branch);
• HUR reference: Real estate registration reference (fingerprint can be read at the bank branch);
• HUR reference: Property ownership reference (fingerprint can be read at the bank branch);
• HUR reference: A reference whether have any debt by court decision;
• A reference whether own real estate obtained from the National Registration Office;
• Other required documents