Nano Capital 1.0.16

This loan product allows applicants to provide specific information and meet established criteria. Upon signing the contract, individuals may be eligible for loan amounts ranging from 100,000 to 1,000,000 MNT.

Loan Terms and Fees:

• Loan Amount: 100,000 MNT - 1,000,000 MNT
• Service Fee: 0 ₮
• Loan Repayment Period: 65 days
• Monthly Interest Rate: 2.63% - 2.79%
• Annual Percentage Rate (APR): 32% - 34%

For instance, borrowing 100,000 MNT for a duration of 65 days would incur an interest payment of 5,698 MNT, leading to a total payback amount of 105,698 MNT.

The minimum repayment period is set at 65 days, while the maximum extends to 120 days. The APR can range between a minimum of 32% and a maximum of 34%.

Sample Loan Calculation:

• Loan Amount: 100,000 ₮
• Interest Calculation: (100,000 ₮ * 32/100) / 365 = 87.67 ₮
• Total Repayment Amount for 65 Days: 100,000 ₮ + (65 days * 87.67 ₮) = 105,698.33 ₮

Steps to Obtain a Loan:

1. Register: Download the Nano Capital application, enter your user information, and confirm your phone number.
2. Defining Credit Rights: Based on the submitted information, the eligible loan amount and terms will be assessed.
3. Conclude a Loan Agreement: If approved, you will be required to visit in person to sign the physical agreement at the contract office.
4. Receive Your Loan: Use the Nano Capital application to select your loan type and adjust the loan amount and term before transferring the funds into your bank account.