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Ard Credit review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Ard Credit is a direct lender in Mongolia, so a salaried worker or business owner using the Ard app can fix a rate of 1% to 4.5% on a MNT 50,000 to MNT 20,000,000 loan over 1 to 36. Entry is strict: a hard credit check decides, not the app alone.

Key facts

Best for
Fast, fixed-rate personal loans in Mongolia, decided and paid out inside the Ard app.
APR
1% to 4.5%↗
Loan amount
MNT 50,000 to MNT 20,000,000↗
Term
1 to 36 months↗
Arrangement fee
5.0% short-term, 1.0% long-term (Ard loan); service fee MNT 0 short-term, MNT 3,000 long-term↗
Credit check
Hard↗
Funding time
3-5 minutes (in-app application decision)↗
Rate type
Fixed↗
Lender type
Direct lender↗
Eligibility
Aged 18 or over and a citizen of Mongolia, with salary or business income, no active or closed bad loans, and an Ard app account↗
Origination fee (%)
1% to 5%↗
Loan types
Personal, Secured↗
Legal entity
Ard Credit LLC↗
Headquarters
Mongolia↗
Founded
2011↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Fixed rate
Official website
ardcredit.com

Savings

Minimum deposit
MNT 10,000↗
Access terms
Ard App registration required; customer picks the saving period; returns credited at 7-730 day intervals; no cap on balance or number of accounts↗
Account kind
Fixed↗

Credit cards

Card kind
Credit↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInfacebook.cominstagram.com

Pros and cons

Pros

  • A direct lender rather than a broker, so 1% to 4.5% and 1% to 5% come from the lender that carries the risk.
  • In-app decision and payout in 3-5 minutes (in-app application decision), so a completed application can turn into money without a branch visit or a paper form.
  • Pricing is fixed on a fixed rate basis, so a quoted rate does not drift while the loan is being repaid.
  • Savings sit alongside the loans: fixed accounts from MNT 10,000 with no cap on the balance or the number of accounts.

Cons

  • Every application runs a hard credit check, and eligibility also needs salary or business income, an Ard app account, and a loan record in good standing.
  • The origination charge spans 1% to 5%, with the top of that range sitting on short-term borrowing and the bottom on longer loans.
Ard Credit

Ready to try Ard Credit?

Scored 9.1 / 10 by SumCue.

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Who it suits

  • Salaried or self-employed Mongolian citizens who already hold an Ard app account and keep a clean loan record with the lender.
  • Adults who want the rate locked at 1% to 4.5% and money moving within 3-5 minutes (in-app application decision) once the in-app application is complete.
  • Borrowers who also want a fixed savings account with the same provider, starting from MNT 10,000 and with no cap on the balance.

Who should look elsewhere

  • Cashspace, whose APR runs PHP 12 to PHP 36, sits in a single market well away from Mongolia, so it does not suit a tugrik borrower.
  • Creduma ES, where lending starts at from €12,000, fits a euro borrower rather than a customer earning in tugrik.
  • Sofkredit, with APR of 10.74% to 18.06%, serves the Spanish market, so it makes sense for a reader shopping there rather than in Mongolia.

Deposit protection

Ard Credit is a direct lender rather than a broker, and its Mongolian permissions are listed as 238 with the Financial Regulatory Commission of Mongolia and A-7/1320 with Mongol Bank. Because the same company takes savings and makes loans, the saving period is chosen by the customer, returns arrive on a set schedule, and balances are uncapped.

How Ard Credit compares

Where Ard Credit is available

Available
Mongolia
Licence in Mongolia
Financial Regulatory Commission of Mongolia (FRC) (238), checked September 26, 2026
Licence in Mongolia
Mongol Bank (A-7/1320), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does an Ard Credit loan cost?+

Ard Credit charges a fixed rate of 1% to 4.5% and an origination fee of 1% to 5%, where the top of that range applies to short-term loans and the bottom to long-term ones. A separate service fee applies to long-term loans, while short-term loans pay none. Term runs 1 to 36.

How much can I borrow?+

Loan amounts run MNT 50,000 to MNT 20,000,000, and the products are both personal and secured. Applicants must be Mongolian citizens with salary or business income, an Ard app account, and a loan record in good standing.

How fast does the money arrive?+

The in-app application decision and payout run in 3-5 minutes (in-app application decision), so a completed application can turn into money with no branch visit. Nothing needs setting up beyond the Ard app account itself, and support is reachable on phone, email and help centre if an application stalls.

Is Ard Credit regulated?+

Yes. The company, Ard Credit LLC, is listed with the Financial Regulatory Commission of Mongolia under 238 and with Mongol Bank under A-7/1320. It lends directly rather than as a broker, so the lender setting 1% to 4.5% and 1% to 5% is the one you owe.

Can I save as well as borrow?+

Yes. Ard Credit runs fixed savings accounts alongside its loans, starting from MNT 10,000. The customer picks the saving period in the app, returns are credited on a set schedule, and there is no cap on either the balance or the number of accounts held.

Who can apply?+

Applicants must be Mongolian citizens with salary or business income, an Ard app account, and a loan record in good standing, and be at or above the minimum age. Ard Credit LLC has been lending since 2011 and is based in Mongolia, covering both personal and secured loans.

Does Ard Credit also issue a card?+

Ard Credit issues a credit card, listed alongside the personal and secured loans it provides. The card runs through the same Ard app that handles the loan application, while the loan terms stay separate: 1% to 4.5% at a fixed rate and an origination fee of 1% to 5%.

How does the rate compare with other lenders?+

Cashspace publishes an APR of PHP 12 to PHP 36 and Sofkredit an APR of 10.74% to 18.06%, both above the 1% to 4.5% Ard Credit quotes. The gap reflects different markets and currencies rather than a cheaper deal for everyone, so the 1 to 36 term and the origination fee of 1% to 5% matter as much as the headline rate.

Sources

  • ardcredit.com checked September 26, 2026

    Backs: Headquarters, Lender type, Support channels

    “Address: Mongolia, Ulaanbaatar city, Sukhbaatar district, Blue Sky Tower, 9th floor”

  • ardcredit.com/card_en checked September 26, 2026

    Backs: Card kind

    “Credit card - Coming soon...”

  • ardcredit.com/faq checked September 26, 2026

    Backs: Funding time

    “The response to the loan request arrives within 3-5 minutes (Ard app)”

  • ardcredit.com/introduction checked September 26, 2026

    Backs: Founded, Legal entity

    “2011 - established with the investment of Intergroup International LLC; operating continuously in Mongolia since 2011”

  • ardcredit.com/invest_en checked September 26, 2026

    Backs: Access terms, Account kind, Minimum deposit

    “Targeted Savings is a deposit service that allows customers to choose their preferred saving period ranging from 6 to 24 months, with returns credited at intervals from 7 to 730 days”

  • ardcredit.com/loan checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Eligibility, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term

    “Ard loan amount: MNT 50,000 - MNT 20,000,000”

  • frc.mn checked September 26, 2026

    Backs: Licences

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Ard Credit

Ard Credit

Fast, fixed-rate personal loans in Mongolia, decided and paid out inside the Ard app.

9.1/10See alternatives