The Tugrug app is an fintech application developed by Cash Flow Finance non-banking financial institution, which will be used for lending services. Cash Flow Finance is a limited liability corporation that was established on 10 October 2017. The company is carrying on the following activities through the Tugrug app in accordance with the laws of Mongolia:
Search for Tugrug app Appstore and Playstore and install it on your phone: By registering through your phone number and submitting your personal information, you will be eligible to obtain a loan that suits your needs into your bank account based on the loan database and Tugrug app’s scoring evaluation without ever needing to do multiple registrations.
Types of loan: Customers who have provided true and accurate information and who meet the requirements will be able to obtain loans between 50,000 and 1,000,000 anytime, anywhere and any number of times for a term of until 90 days by entering into the loan agreement electronically.
How to obtain a loan: You must install the Tugrug app on your phone. – You must then enter your details accurately and register as a customer. – Then enter into a loan agreement electronically. – Get the loan into your bank account.
Terms of the loan: - Loan amount: from MNT 50,000 to MNT1,000,000 – Service charge: MNT 0 – Loan interest: Interest will accrue daily on the balance of the loan principle that has been drawn down – Loan repayment: The loan must be repaid on maturity date in equal installments – Customers have the right to extend the maturity 1-6 times - APR: 2.7%-32.4%
Each subscription will automatically renew 3 days before the expiration date for
the same time period. Subscriptions can be cancelled at any time before the renewal.
