UFinance application is designed to support the unexpected loan needs of customers.
Loan information: Available loan amount: MNT50,000-MNT1,000,000; Loan term: up to 1 month (the minimum period for repayment is 0 days and maximum period for repayment 1 month); The customer is able to extend the loan period one time by up to 1 month. Monthly interest rate: 5%-7% (Maximum Annual Percentage Rate (APR) 84%); Disbursement fee is flexible, between MNT3,000-MNT10,000 (it depends on loan amount); Collateral is unnecessary.
Eligibility requirements: Mongolian citizen, who is over 18 years old; Permanent resident; Don’t have a non-performing loan history; Have a constant income.
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.