Amar zeel 1.1.5

AMARAAR SHIIDYE – AMAR ZAEEL

This review presents an overview of the loan services offered by the company, focusing on its unique features and benefits for customers.

AMARAAR SHIIDYE provides customers with a loan service that is both collateral-free and interest-free. Clients can select their preferred loan type from the following options:

• Annual maximum personal interest rate (APR) – 30% / Loan interest 2.5%
• Teacher Loan for educators from kindergartens, primary, secondary, and higher education institutions
• Doctor Loan for private and public healthcare professionals
• Online Loan available for individuals who have paid social insurance for 6-12 months

The loan amount can be up to 1,000,000 MNT, with a nominal interest rate of 2.5%.

A representation of total loan costs, including principal and all applicable fees:

• For a loan amount of 500,000 MNT at an interest rate of 2.5%, the daily interest would be approximately 410.96 MNT, leading to a monthly payment of around 12,739.76 MNT. At the end of a 61-day term, the total payment would be approximately 518,984.18 MNT.
• The company asserts that it does not charge any additional fees beyond the calculated interest.
• The loan repayment period ranges from 60 to 90 days.

Example:

• Date Issued: March 1, 2022
• Date Maturity: May 1, 2022
• Interest Rate: 5%
• Initial Loan Amount: 300,000 MNT
• Total Repaid: 311,390.52 MNT
• Accrued Interest Payment: 11,390.52 MNT

Important considerations when applying for a loan:

1. Ensure that the application form is filled out accurately.
2. A loan agreement must be established.