Products - MoneyPolo - International fast money and cash transfer

Products

our products and services

Loan service

For your short term financial need, we are providing 3-5% interest rate loans secured with apartment, sub-urban house, and vehicle.

apartment secured loan

Loan amount

MNT 30 million

Loan term

1-12 months

Interest

3-4%

Service fee

requirements

The asset being collateralized must not be collateralized elsewhere at other banks or financial institutions
Must be a resident of Ulaanbaatar
Must not have an outstanding loan from other banks and financial institutions
Must have income source to pay loan back

Documents required

Customer’s application /in NBFI form/
Loan request /in NBFI form/
Photo
Citizen’s ID
Residential address reference /from State service E-machine/
Collateral property reference /from State service E-machine/
Collateral property documents
Evidence of income to pay loan back

sub-urban house and fence secured loan

Loan amount

MNT 15 million

Loan term

1-12 months

Interest

3-4%

Service fee

Requirements

The asset being collateralized must not be collateralized elsewhere at other banks or financial institutions
Must be a resident of Ulaanbaatar
Must not have an outstanding loan from other banks and financial institutions
Must have income source to pay loan back

Documents required

Customer’s application /in NBFI form/
Loan request /in NBFI form/
Photo
Citizen’s ID
Residential address reference /from State service E-machine/
Collateral property reference /from State service E-machine/
Collateral property documents
Evidence of income to pay loan back

vehicle secured loan

Loan amount

MNT 10 Million

Loan term

1-6 months

Interest

4-5%

Service fee

Requirements

VEHICLE MUST

Be manufactured later than 2007
Be driven for less than 1 year in Mongolia
Have a vehicle insurance
Be owned by the loan requester

LOAN REQUESTER MUST

Be a permanent resident of Ulaanbaatar
Not have outstanding loan from others
Have income source to pay loan back

Documents required

Customer’s application /in NBFI form/
Loan request /in NBFI form/
Photo
Citizen’s ID
Residential address reference /from state service E-machine/
Vehicle license
Vehicle key - 1 piece
Evidence of income to pay loan back

Money transfer

If you need to transfer cash to your children, loved ones or your business partners overseas or receive cash from them, then choose MoneyPolo service. We deliver your money to the receiver in 15 minutes via our 400.000 branches in over 130 countries worldwide.

Service advantages

Lowest service fee.
Delivery of transfer to receiver in 15 minutes.
Receiving and sending money in currencies such as US Dollar, Euro, Pound and Ruble.
No need to fill a transaction form and just check your slip and sign.

Receive and send money via any bank account from anywhere in Mongolia.
Cooperation with many international money transfer networks such as Unistream, Contact, Golden Crown, Ria, Blizko, Leader, Money exchange, Xpress money, Privat money, Anelik, Faster, Uremit, Intelexpress, Caspian.

Service fees for money transfers to Czech Republic, Vietnam, Turkey, France, Germany, Austria,Sweden, Spain, Belgium, the Philippines, England, Armenia, Azerbaijan, Belarus,Kazakhstan, Kyrgyzstan, Georgia, Moldova, Russia, Tajikistan, Turkmenistan,Uzbekistan, Ukraine, Australia, Netherlands and Switzerland are as follows:

Transaction amount	Fee - GBP	Fee - USD	Fee - EUR
100	£1.20	$1.80	€1.80 - 2.00
250	£2.00	$4.50	€4.50 - 5.00
500	£6.00	$9.00	€9.00 - 10.00
750	£9.00	$13.50	€13.50 - 15.00
1000	£12.00	$18.00	€18.00 - 20.00
1250	£15.00	$22.50	€22.50 - 25.00
1500	£18.00	$27.00	€27.00 - 30.00
2000	£24.00	$36.00	€36.00 - 40.00
2500	£30.00	$45.00	€45.00 - 50.00
3000	£36.00	$54.00	€54.00 - 60.00
3500	£42.00	$63.00	€63.00 - 70.00
4000	£48.00	$72.00	€72.00 - 80.00
5000	£60.00	$90.00	€90.00 - 100.00
5000 or more	1.2%	1.8%	1.6% - 2.0%

The following fees will apply for transfers to Russia in Ruble

Transfer amount	Fee
5,000	3.60%
6,000	3.20%
7,000	2.91%
8,000	2.70%
9,000	2.53%
10,000	2.40%
11,000	2.29%
Above 12,000	2.20%

Making deposits to a card in Ruble

All types of Master and Visa cards issued by Russian banks may be deposited in Ruble and card deposit fee is 1.6%+40 Rubles of the deposit amount.

steps of money transfer

Go to service branch

Visit MoneyPolo branch with your citizen’s ID or passport in Mongolia.

Transfer form

Give transaction amount and service fee to service staff as well as information of the receiver and sender.

Transfer number

Find transfer number on transfer slip and give it to receiver.

steps of money receive

Transfer number

You must have obtained the transfer number from the sender.

Go to service branch

Visit MoneyPolo branch in Mongolia with your transfer number and citizen’s ID or passport.

Transfer form

No need to fill in transaction form and give information of yourself and the sender to service staff.

Currency exchange

MoneyPolo conducts operations of selling and buying internationally free-float currencies such as USD, EUR, GBP, RUB in a most rapid manner with current best price in the market. In addition, you may contact our dealers to make transactions in times of exchange fate fluctuations.