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Trade and Development Bank review

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

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Our verdict

Trade and Development Bank pairs a variable-rate easy-access savings account with a lending arm in Mongolia. Salaried customers who keep a TDB current account, take their pay there and want withdrawals on demand gain most from it, with headline rates of 3.66% to 6.8%.

Key facts

Best for
Easy-access savings and direct consumer lending in Mongolia, with same-day funding for existing salary customers.
Headline rate
3.66% to 6.8%↗
Rate type
Variable↗
Term
30 months↗
Minimum deposit
MNT 5,000↗
Access terms
No fixed term; interest credited monthly; money can be withdrawn whenever the customer wants↗
Monthly fee
MNT 200↗
Account kind
Easy access↗
Legal entity
Trade and Development Bank of Mongolia LLC↗
Headquarters
Mongolia↗
Founded
1990↗
Support channels
Phone, Email, Help-centre, Chat↗
Official website
tdbm.mn

Loans

APR
18% to 21.6%↗
Loan amount
up to MNT 50,000,000↗
Arrangement fee
1.0% of the loan amount (loan service fee); plus 1,000 MNT credit information bank reference fee when applying via online banking↗
Credit check
Hard↗
Lender type
Direct lender↗
Eligibility
Aged 18 or over and a citizen of Mongolia; employed by one employer for at least 6 months with social insurance contributions paid; holds a MNT current account at TDB; salary has been paid into TDB for at least 3 months↗
Origination fee (%)
1%↗
Loan types
Personal, Secured, Car, Business, Credit-line↗
Use cases
Home-improvement↗
Features
Same-day funding

Mortgages

Initial rate
6%↗
APRC
6.09%↗
Fixed period
30 years↗
Maximum loan to value
70%↗
Product fee
MNT 1,500,000↗
Purpose
Purchase↗

Credit cards

Annual fee
MNT 2,000↗
Rewards type
None↗

Facts checked September 26, 2026, 11 sources

Apps and profiles

Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Headline rates of 3.66% to 6.8% sit above the savings median of 3.06%, and the account is easy-access by easy access.
  • Interest is credited monthly with no fixed term, and money can be withdrawn whenever the customer wants, so the balance stays liquid.
  • The lending arm funds up to MNT 50,000,000 with same day funding, covering personal, secured and car from one institution.
  • Support runs on phone, email and help centre, and the bank is a direct lender regulated by the Bank of Mongolia.

Cons

  • The savings account charges a monthly fee of MNT 200, and the virtual debit card adds an annual fee of MNT 2,000.
  • Consumer loan APR of 18% to 21.6% sits above the personal loan median of 15.5%, with an arrangement fee of 1% of the loan amount.
  • The home purchase mortgage caps loan to value at 70% and charges a product fee of MNT 1,500,000.
Trade and Development Bank

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Scored 9.5 / 10 by SumCue.

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Who it suits

  • Mongolian salaried workers who hold a TDB current account and take their pay there, since the consumer loan asks for both.
  • Savers who want access on demand rather than a notice period, and who can hold a balance that covers the monthly fee.
  • Homeowners buying in Mongolia who want a long fixed period and can live with a lower loan to value limit.

Who should look elsewhere

  • bunq, whose easy-access rate of 3.01% pays less than 3.66% to 6.8% here.
  • Finteres, whose range of 0% to 36% sits both below and above 3.66% to 6.8%, if a wider spread matters more than a bank current account.
  • Wise, whose rate of 3.29% is the closer comparison for savers who are not taking the consumer loan or the mortgage.

How Trade and Development Bank compares

Where Trade and Development Bank is available

Available
Mongolia
Licence in Mongolia
Bank of Mongolia, checked September 26, 2026

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

Frequently asked questions

What rate does the savings account pay?+

The account pays a variable rate, with headline rates of 3.66% to 6.8%. It is easy-access by easy access, with interest credited monthly and no fixed term attached to the balance.

How much do I need to open it, and what does it cost?+

The minimum deposit is MNT 5,000, and a monthly fee of MNT 200 applies to the account. Keeping a balance that covers that monthly charge keeps the effective cost low for a saver who withdraws only occasionally.

Does the debit card cost anything?+

The virtual debit card carries an annual fee of MNT 2,000, and the rewards type is none. Card spend therefore earns nothing back, so the card is a payment tool rather than a rewards product.

Who can borrow from the bank?+

Lending is open to Mongolian adults of a minimum age who are employed by one employer with social insurance contributions paid in, hold a TDB current account, and have had salary paid into TDB for a waiting period. The bank has traded since 1990 and is regulated by the Bank of Mongolia.

How much can I borrow, and at what cost?+

Consumer loans reach up to MNT 50,000,000 over a term of 30, at an APR of 18% to 21.6%. An arrangement fee of 1% of the loan amount is charged as a loan service fee, and the stated use case is home improvement.

How quickly does the money arrive?+

The consumer loans carry same day funding, so funding can be same day. Applications are assessed with a hard credit check, and the bank is a direct lender rather than an intermediary, which keeps the decision with the lender itself.

What does the mortgage look like?+

The home purchase mortgage opens at an initial rate of 6% with an APRC of 6.09%, fixed for 30. Maximum loan to value is 70%, and a product fee of MNT 1,500,000 applies to the arrangement.

How can I reach someone for help?+

Support runs on phone, email and help centre, covering phone, email, help centre and chat. The bank's home market is Mongolia, where the Bank of Mongolia is the regulator, and the legal entity behind the products is Trade and Development Bank of Mongolia LLC.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Deposit protection.

Trade and Development Bank

Trade and Development Bank

Easy-access savings and direct consumer lending in Mongolia, with same-day funding for existing salary customers.

9.5/10See alternatives