Bers pay

IO Technology LLC

About this app

BersPay is the official digital loan and trust service application of “Bers Finance NBFI” LLC. “Bers Finance NBFI” LLC was established in 2017 and is licensed by the Financial Regulatory Commission of Mongolia to operate as a non-bank financial institution. BersPay offers digital loans that can be taken from anywhere in Mongolia, as well as trust services available for any amount above MNT 100,000. After signing a one-time contract at any Bers Finance branch, you can use the application to access secured and unsecured loan products. Loan terms:
Minimum repayment period is 3 months,
Maximum repayment period is 12 months,
Maximum Annual Percentage Rate (APR) is 38.4%, and the loan amount ranges from MNT 200,000 to MNT 10,000,000. APR represents the annual cost of the loan, including interest and all applicable fees.
Sample loan calculation: For a loan amount of MNT 1,000,000 with a 12-month repayment period and a Maximum APR of 38.4%, the approximate monthly payment is MNT 101,665.23, the total repayment amount is MNT 1,219,982.79, and the total interest and fees amount to MNT 219,982.79. Actual loan terms may vary depending on the selected amount and repayment period.