Borrow money without paying service fees
Aimed at Mongolians, TUS fintech is a free finance app that allows users to borrow money for any financial need, from emergencies to debt consolidation. Not only does it offer a variety of loan types, it also offers term extensions in case you’re falling behind your finances or unable to repay your loan on time.
TUS fintech promises a hassle-free registration process, as clients only need to provide their personal information and phone number. This number will then be used to confirm their application, after which they can start applying for loans.
Choose your preferred repayment period
Mongolians usually borrow money from banks and non-bank financial institutions (NBFI), with the latter comprising pawn shops and the like. However, thanks to the availability of loan apps like TUS fintech, it is now easier for them to finance their needs and investments. With just a few taps, the aforementioned program enables users to borrow money amounting between ₮100,000 MNT to ₮150,000 MNT as they deem fit.
Further, repayment periods range from three months to 24 months, with the option to extend one’s loan term up to six times. The annual percentage rate (APR) varies, as well, from as little as zero percent to as much as 36 percent. Thankfully, this app does not charge a service fee or surprise users with hidden charges. Clients can select their preferred loan type, too.
Of course, loans will be transferred to your bank account, ensuring instant access to cash. Take note that a one-time in-person contract signing is needed to proceed with any loan decision. As the app’s interface is in Mongolian, it would be hard for non-native speakers to navigate its interface and understand the application process. Hence, it’s best to use money-borrowing apps that are in English or in their local language.
No additional fees
Though not recommended for overseas clients, TUS fintech is an optimal choice for Mongolians, offering a wide variety of loan types that best suit their current financial needs. They can also select their preferred repayment period or extend their loan term. Plus, users don’t have to worry about paying hidden charges or service fees, so they’re free to apply for loans as much as they want.
