Only using mobile, you can solve immediate payment and financial issues. Mobifinance is offering a micro loan, with interest calculated by using days, easy, flexible and without any fee, based on credit score using artificial intelligence modeling with modern advanced technology with following condition.
Loan service
Basic criteria
You can get a loan by concluding a contract by meeting the following basic criteria. These include:
- Must have actively used Mobicom number for 11 months or more;
- No balance of Mobicom mobile service charges;
- Be a customer over 18 years old;
- No overdue loan balance in the Credit Information Database of the Bank of Mongolia;
- The amount of credit rights available to customers who meet the above criteria is AI determine the technology;
Terms of service
Depending on your credit rating, you can choose from the available available amounts and below, anytime, anywhere with the MonPay application, www.monpay.mn you can get a loan using the website and * 555 # USSD channels
| Loan amount | Loan term | Interest rate |
| 50’000₮ – 190’000₮ | 1 month | 3,4% |
| 200’000₮ – 290’000₮ | 1 month | 3,3% |
| 300’000₮ – 390’000₮ | 1 month | 3,2% |
| 400’000₮ – 490’000₮ | 1 month | 3,1% |
| 500’000₮ – 590’000₮ | 1 month | 3,0% |
| 600’000₮ – 690’000₮ | 2 month | 2,9% |
| 700’000₮ – 790’000₮ | 2 month | 2,7% |
| 800’000₮ – 890’000₮ | 2 month | 2,5% |
| 900’000₮ – 990’000₮ | 2 month | 2,3% |
| 1′000’000₮ | 2 month | 2,1% |
| 1,500,000₮ | 3 month | 1.9% |
*If the borrower does not repay the loan on time, he / she shall pay the principal interest and the accrued interest equal to 20% (twenty percent) of the loan balance from that date.
How to become a customer?
If you meet the above basic criteria, you can apply to the service sector of Mobicom Corporation LLC with a document and enter into a “Loan and Loan Entry Agreement” to determine your credit rating and get a loan according to the valuation.
How to get a loan?
Loans are available through the following channels. These include:
- Get a loan using the MonPay application;
- www.monpay.mn get a loan using a website;
- * 555 # Get a loan through USSD channel;
How to repay the loan?
You can repay your loan through the following channels. These include:
- Pay through MonPay application;
- Pay to the accounts of Mobifinance NBFIs of the following banks;
- To repay loans to Mobicom service branches;
- to repay a loan through the website www.monpay.mn;
- It will be automatically deducted from your MonPay account on the day the loan expires.
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