Mongolia 💰 MNT Last updated2026-05-28

Орон сууцны зээл (oron suutsny zeel) Calculator Mongolia

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Quick answer (Mongolia)

A ₮ 250,000,000 oron suutsny zeel at 13.5% over a 20-year term works out to a monthly payment of about ₮ 3,018,437, with total interest of ₮ 474,424,810 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$3,435,103

PITI

Principal + Interest

$3,018,437

65% goes to interest

Total Interest

$474,424,810

over 20 years

Monthly Breakdown

Principal & Interest$3,018,437

Property Tax (1.1%/yr)$286,458

Homeowner's Insurance (0.5%/yr)$130,208

Total Monthly$3,435,103

Principal vs Interest Split

35% principal

65% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Орон сууцны зээл (oron suutsny zeel)s in Mongolia

Typical loan

₮ 250,000,000

in Mongolia

Typical rate

13.5% p.a.

prime borrower, 2026

Typical term

20 years

most common

Market overview

Mongolia's housing finance is dominated by Khan Bank (the largest by retail footprint), Golomt Bank, Trade and Development Bank of Mongolia (TDB), XacBank, and State Bank, with Capitron Bank and Bogd Bank also active. The Bank of Mongolia (BoM) policy rate stands around 10-11% in early 2026 after the central bank held tight through 2024-2025 to contain inflation linked to a commodities-export-driven economy (coal, copper, gold from Oyu Tolgoi). The flagship "8% Mortgage Programme" launched in 2013 — funded jointly by BoM, MIK (Mongolian Mortgage Corporation), and commercial banks — offers fixed-rate loans at 6-8% for qualifying primary-residence buyers, materially below market.

Why 13.5% is the typical rate

13.5% reflects a typical market-rate (non-subsidised) 20-year MNT mortgage from Khan Bank or Golomt to a salaried Ulaanbaatar borrower in early 2026, pricing roughly 250 bps above the BoM policy rate; subsidised "8% Programme" loans run much lower.

Tax & regulatory notes

Mongolia charges a 2% real-estate transfer tax on property sales, paid by the seller, plus a 1% immovable property tax annually on registered value above defined thresholds. Stamp/registration fees add roughly 0.1-0.5%. The Bank of Mongolia's "8% Mortgage Programme" (launched 2013, extended multiple times) provides MIK-securitised 6-8% fixed-rate loans for primary residences up to ~80 m² with income caps. Foreigners cannot own land in Mongolia (all land is state- or municipally-owned) but may own buildings and apartments outright with full title; long-term land use rights up to 60 years are available for development purposes.

🧮 Worked example

A ₮ 250,000,000 oron suutsny zeel at 13.5% over a 20-year term

Loan amount

₮ 250,000,000

Annual interest rate

13.5%

Term

20 years (240 months)

Monthly payment

₮ 3,018,437

Total interest paid

₮ 474,424,810

Total paid (principal + interest)

₮ 724,424,810

❓ FAQ (Mongolia)

Common questions in Mongolia.

What is the 8% Mortgage Programme and who qualifies?

Launched in 2013 by the Bank of Mongolia in partnership with MIK (Mongolian Mortgage Corporation), the programme provides fixed-rate housing loans at 6-8% — well below market — for primary-residence buyers meeting income, family-size, and apartment-size caps (typically up to 80 m²). The scheme is funded through MIK's mortgage-backed securities and has financed roughly 100,000+ households since inception, making it one of Asia's largest housing-subsidy programmes.

Can a foreigner buy an apartment in Ulaanbaatar?

Yes — foreigners may freely own apartments and buildings in Mongolia with full title; only land itself cannot be owned by non-citizens, as all Mongolian land remains state- or municipally-owned. Foreigners typically buy condominium units in Ulaanbaatar with full strata title and may finance through Khan Bank, Golomt, or TDB, though resident mortgage products are generally not extended to non-residents.

Why are Mongolian mortgage rates so volatile?

Mongolia's economy is heavily commodities-dependent — copper, coal, and gold exports drive currency and inflation cycles, leading the Bank of Mongolia to swing the policy rate aggressively (between 6% and 14% over the past decade). This passes through quickly to MNT mortgage pricing. The 8% Programme exists precisely to insulate primary-residence buyers from this volatility, with subsidised funding fixed for the life of the loan.

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