iLend.mn 1.3.0

The provision of this service requires only a mobile phone, with no collateral needed. As long as you have internet access, you can apply for a loan at any time, 24/7.

The iLend app requests permission to access the customer's phone camera, allowing users to include images during the registration process.

Loan details are as follows:

• Loan Amount: 50,000₮ - 500,000₮
• Annual Interest Rate: 3% - 18%
• Monthly Interest Rate: 3% - 6%
• Fees and Extensions: 5,000₮ - 7,000₮
• Repayment Period: 60 - 90 days

The method of calculating loan repayments is as follows:

• A processing fee is charged once at the time of loan disbursement.
• The principal amount is to be repaid in equal installments over the selected period.
• Interest is calculated based on the remaining loan balance and only for the days utilized.
• Customers may choose to pay off their loans in full before the due date.
• Sample calculations can be found in the table below.

Example Calculation (MNT):

• Loan Amount: 150,000
• Processing Fee: 9,000
• Monthly Interest Rate: 5%

If you wish to learn more about our service's terms and conditions, please visit our website at http://ilend.mn/en/privacy_policy.html.

We appreciate your choice to use our services.