My Credit MN

MyCredit is a loan application that will charge your wallet with the money you need in no time.

Become a user:

AI based on the information registered in the application, will calculate credit score. If the following conditions are fully met, will become a user of MyCredit loan application

⁃ Full capacity of civil law

⁃ Social security contributions must be paid

⁃ Do not have past due or bad credit history

⁃ Jurisdiction and address of Ulaanbaatar city

⁃ Be a user of less than 3 other loan applications

Make a contract:

The validity period of the contract is two years, which is how many times you can get repeated a loan.

The borrower can plan and manage the loan term through the app.

Loan amount: MNT 50,000 – MNT 1,500,000

Minimum and maximum payment period: 60 days-210 days

Annual percentage rate (APR): 36%

For example: for a loan of MNT 100,000 MNT for a period of 60 days, you will receive 6,900 MNT (including interest and fees). As for the principal payment, the customer can pay in installments or at the end of the term depending on his financial and income status.

Every time you pay back your loan on time, you can collect bonus points to increase your credit limit and lower your interest rate.