LendMN 4.1.2

LendMN – Freeware – Android iOS

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Description:

Switch it on. Solve the problem.
LendMN is the first Mongolian "FinTech" financial services company that offers customers the opportunity to obtain quick loans without collateral using a mobile application powered by Artificial Intelligence-based credit scoring.
The LendMN application provides the following services under the laws and regulations of Mongolia:
<ul>
 <li>Online loan</li>
 <li>Online payment and transactions</li>
</ul>
Privacy Policy
We respect your right to privacy, and the protection of your personal information is important to us. LendMN NBFI is committed to protecting customers' information. LendMN NBFI will not disclose customers' information unless required by legal authorities under applicable law.
Easy registration process
<ol>
 <li>Download the LendMN application and click on the Register button.</li>
 <li>Register for the application according to the instructions. Once you sign your one-time contract, you will become our customer.</li>
</ol>
No transaction fees
There are no transaction fees between digital wallets and digital wallets to bank accounts.
Credit Line
AI-based credit scoring allows consumers to pre-determine their credit line rights, meet their financial needs anytime, and offers flexible loan conditions that can be reused for future loans.
<ul>
 <li>Loan amount: MNT 50,000 – MNT 2,000,000</li>
 <li>Monthly interest rate: 3%</li>
 <li>Annual percentage rate: 36%</li>
 <li>Minimum payment rate: 10% of the disbursed loan amount</li>
 <li>Credit line period: Minimum repayment period is 5 months while the maximum repayment period is 40 months.</li>
</ul>
Eco Car Loan
<ul>
 <li>Loan amount: up to MNT 20,000,000</li>
 <li>Monthly interest rate: 2.3% - 2.6%</li>
 <li>Annual percentage rate: minimum 27.6% to maximum 31.2%</li>
 <li>Minimum and maximum period for repayment: 36 months up to 48 months</li>
 <li>Loan disbursement service commission: 0.5% of the disbursed loan amount</li>
</ul>
Representative example:
Credit Line:
Example for a 90-day loan with a principal amount of 100,000MNT:
<ul>
 <li>Loan amount: 100,000 MNT</li>
 <li>Loan repayment: 3 months ('To extend' button appears 5 days before the due date)</li>
 <li>Monthly interest rate: 3% + 500MNT (bank transactions fee)</li>
 <li>Monthly equal repayment: 35,833 MNT</li>
 <li>Total interest: 7,560 MNT</li>
 <li>Total Amount Payable: 107,560 MNT</li>
</ul>
Eco Car loan:
<ul>
 <li>Loan amount: 20,000,000 MNT</li>
 <li>Loan term: 48 months</li>
 <li>Monthly interest rate: 2.3%</li>
 <li>Monthly equal repayment: 692,607 MNT</li>
 <li>Total payment amount: 33,245,157 MNT</li>
</ul>
How to repay?
You will receive scheduled loan repayment reminders through SMS and push notifications. Repay and reloan instantly, no re-application required. Loans can be repaid anytime, up to 365 days. Customers can repay the loan directly through the LendMN application or through the mobile applications of local banks.
Contact us:
<ul>
 <li>Customer service: +976-77070101</li>
 <li>Website: <a href="https://www.lend.mn/">https://www.lend.mn/</a></li>
 <li>Email: <a href="mailto:service@lend.mn">service@lend.mn</a></li>
 <li>Facebook: <a href="https://www.facebook.com/Lendmn">@Lendmn</a></li>
 <li>Address: "Pearl tower" building, Tourist street-34, 3rd khoroo, Chingiltei district Ulaanbaatar, Mongolia</li>
</ul>

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