VisionFund NBFC enables its customers to get quick digital loans based on credit score using a mobile application.
Registration process:
· Download the app and click the Register button.
Registration details include:
1. Register number
2. Phone number
3. After confirming the one-time code during the registration process according to the instructions, the customer will be registered.
The application will provide financial services such as user authentication, account creation, receiving and processing loan applications, issuing loans and receiving repayments.
Collection and Use of User Information:
o Name, date of birth, residential address, bank account statements, electronic documents and other information that can directly or indirectly identify the customer.
o The Visionfund application collects, processes and uses information in the unified user identification access system (DAN), the State Information Exchange System (KHUR) and the Loan Database in accordance with the agreement.
The WishFund application provides the following services in accordance with the laws of Mongolia:
o Online loans
Loan terms:
Maximum loan amount: 1 million MNT
Loan amount: 50 000 – 1 000 000 MNT
Monthly interest: 3%
Minimum and maximum payment period: 2 months to 12 months
Loan service fee: 2500 ₮
Representative example:
An example of a 2-month loan with a principal amount of 500,000 MNT
Loan amount: 500,000 ₮
Loan repayment: 2 months
Bank transaction fee: 2500 ₮
Monthly interest: 3%
Annual interest rate: 36%
Monthly repayment: 261,149.81 ₮
Total interest: 22,299.62 ₮
Total payable amount: 522,299.62 ₮ + 2500 ₮ (bank transaction fee)
How to pay?
You will receive reminders via SMS and push notifications as per the payment schedule. You can pay the loan through the Wishnfund application, other banking applications, and ATM machines near you.
Related Number: 72729779