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Private housing Mortgage

Loan Size

up to 50 million mnt

loan period

180 months

interest rate 

Monthly: 1.50%

Annual: 18.00%

Loan calculator

The loan is deducted from the salary each month with interest.

Private housing Mortgage

If you wish to purchase private house in Ger district, you can choose between the following options:

  • Mortgage to Buy a House
    if you wish to buy a house in Ger district with privatized land area, we offer you House Mortgage Loan.
  • Mortgage to build a house
    If you plan to build a house on your own land, we recommend you a mortgage to build a house. Construction process should have 50 percent completion rate or ceiling and flooring works needs to be completed.

Loan terms:

Regular Mortgage
For completing
construction of houses
Loan size
Ulaanbaatar, Erdenet
MNT 50 millionMNT 30 million
MNT 30 million
In Nalaikh, Baganuur districts and other rural areas
MNT 30 million
Down payment, in percentage

30 %

20% of construct work completion
Interest rate
Monthly rate₮: 1.50%
Annual rate₮: 18.00%
Annual percentage rate₮: 18.22%
Loan period
180 months
180 months
Commission fee

25%-40%: 1.0%

40%-50%: 0.5%

Above 50% : 0.0%

Required documents:

  • Loan application form /application forms/;
  • Notarized copies of ID Cards for loan applicant and the family members;
  • 2 passport sized (3x4 sized) photos (taken within the past one year) of the Loan applicant;
  • A brief introduction on profession, education, employment records and business activities of the loan applicant;
  • A notarized copy of Land Ownership Certificate;
  • A reference on ownership of a house and other relevant Assets issued by State Registration Office at least one week prior to the loan request;
  • Other.

To purchase a house:

  • Evidence on payment or capacity to pay down payment /Receipts, Savings Contract, Savings Book etc/;
  • Original copy of Real Estate Sales and Purchase Agreement, if any, signed by and between the Loan Applicant and the Seller;
  • Cadastral Mapping of Land for House;
  • A copy of Immovable Property Ownership Certificate;
  • Life and Property Insurance Contract.

To complete a construction of a house

  • Land ownership Certificate,
  • Cadastral mapping of land;
  • Construction design drawings and budget;
  • Performance report for Construction Works, a list of used and purchased materials.