DEM NBFI

DEM application is an official electronic platform for providing short-term consumer credit services developed by Developing Entrepreneurial Mongolia NBFC LLC for consumers.
Customers can register in the DEM application, fill in the required information, calculate their credit score, obtain and pay loans that meet their credit eligibility, and monitor their credit history through the application.
✅ Advantages of the DEM application
Register in the application and calculate your credit score
Take and repay a loan from a NBFI based on your credit score
View and track your received and paid loan information through the application
No loan fees, clear terms
📌 Things to consider when using the application
Be thoroughly familiar with the terms of service
Have a smartphone with Android operating system
Mobile phone must be connected to the Internet
💰 Loan terms
Loan amount: 50,000 ₮ – 10,000,000 ₮
Loan period: Optional, maximum 90 days
Monthly interest: 2.7% – 4.5%
Annual interest rate (APR): 32.4% – 54.0%
Loan fee: 0 ₮
Repayment: Pay once at the end of the loan period
Interest calculation: Based on the number of days used think
🧮 Loan example
Loan amount: 300,000 ₮
Loan term: 90 days
Monthly interest rate: 4.5%
Loan disbursement fee: 0 ₮
Interest: 13,500 ₮ (depending on the days of use)
Total repayment amount: 313,500 ₮
📄 Requirements
Be a citizen of Mongolia who is 18 years old
Have a current account with a bank registered in Mongolia
Have no non-performing loan balances in the Bank of Mongolia credit database
🏦 Laws and regulations
This loan service is provided by Developing Entrepreneurial Mongolia NBFC LLC, a non-bank financial institution registered and licensed under the laws of Mongolia.