Opay MN

Reference lender
Ochir Undraa OMZ NBFI Limited Liability Company built the Opay MN app as a Free app. This SERVICE is provided by Ochir Undraa OMZ NBFI LLC at no cost and is intended for use as is.
Example description of loan products:
1. Online credit card loan:
Maximum loan amount: 5,000,000.00₮ /MNT/
Loan period: 2-6 months
Maximum annual percentage rate (APR) – 36% / 3.0% per month
Example 1.
In case the customer borrows a loan of 5,000,000.00₮ on 20.05.2024 with a term of 24
months and a monthly interest rate of 3.0 percent
Amount of payment: 2024.06.01 On the 1st of each month, the minimum payment
amount is calculated by calculating interest from the amount used in the previous month.
Note: Payment amount = (5,000,000.00₮/10 +(5,000,000.00₮ x 36%)/365 days *11 days)/10=505,424.65
*** The claim of MNT 505,424.65 must be paid on the 1st of every month.
*** Invoices created on the 1st of each month shall be paid by the customer within the
20th of the month/The interest calculated between the 1st and 20th of each month will be added to the next month's payment.
2. BNPL/ТЭГХҮҮ?:
Loan terms: The price of purchased goods and services shall be paid in 5 installments within 60 days.
Maximum loan amount: 3,000,000.00₮
Loan period: 24 months
No interest: /interest 0% per year or month/
Example 2.
When purchasing goods worth 3,000,000.00₮, advance 600,000.00₮ and the remaining 2,400,000 ₮ will be paid in 4 installments without interest within 60 days (600,000₮ in 15 days).
Payment for 15 days = 3.000.000.00/5=600.000.00 MNT. When purchasing goods, 600,000.00₮ will be paid in the first 15 days, and the remaining 2,400,000.00₮ within 60 days (600,000.00₮ in 15 days).