What is Easypay app?
"Easy Pay Norbula NBFI” LLC is creating an opportunity to provide credit services through the application
for customers who receive sales revenue using POS devices.
Advantages of using Easy Pay app:
1. Taking a loan secured by POS income, with flexible loan repayment options.
2. Device management.
3. Easy and quick loan access from "Easy Pay Norbula NBFI” LLC based on POS transactions.
4. View information about the successful repayment amount and loan closing
5. Quick and easy loan repayment process.
Points to consider when using the Easy Pay application:
1. A contract is required to avail loan services.
2. POS devices must be acquired from Easy Pay Norbula NBFI LLC.
3. The Easy Pay app must be installed on a smartphone.
4. The phone must be connected to the internet to use the app.
Loan conditions
- Maximum loan amount: 300 million MNT.
- Loan period:
- - - Loans up to 30 million for 12 months
- - - 30 million - 50 million for 24 months
- - - Loans over 50 million with a term of 36 months
- Interest rate: 2.4% - 3%.
-Maximum Annual Percentage Rate - 36%
Example:
- In case of borrowing 100,000₮ for 90 days:
Loan amount: 100,000₮
Repayment: 3 months
Monthly interest: 3%
Amount to be paid per month: 34,851₮
Loan fee: 0₮
Total amount to be paid: 104,553.29₮
Requirements
- Ezpay POS device must have been used for the last 6 months.
- The average monthly income should be more than 3 million MNT.
- There must be no overdue or abnormal loan records in the database of National Bank of Mongolia
Registration materials
- Government issued ID
- Lease agreement or real estate certificate.
- On-site picture of trade and service.