Golomt Bank review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Golomt Bank lends directly in Mongolia across personal, secured, car and business loans at 19.56% to 26.82%, fixed for the life of the loan. It suits borrowers with a steady employer income who want a single predictable monthly payment and money in minutes, though the rate sits above the personal loan median.

Key facts

Best for
A fixed-rate loan in Mongolia with a stable employer income
APR
19.56% to 26.82% (Source, checked September 26, 2026)
Loan amount
MNT 5,000,000 to MNT 50,000,000 (Source, checked September 26, 2026)
Term
18 to 30 months (Source, checked September 26, 2026)
Arrangement fee
1.00% of loan amount (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Loan obtainable within one minute via mobile app (digital loan technology launched 2019) (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
18 or older, full legal capacity, stable income for the loan term, no overdue loans in the last 2 years, employee of the employer for at least 6 months (12 months for mining, transport and construction) (Source, checked September 26, 2026)
Origination fee (%)
1% (Source, checked September 26, 2026)
Loan types
Personal, Secured, Car, Business (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
GolomtBank LLC (GolomtBank KhK) (Source, checked September 26, 2026)
Headquarters
Mongolia (Source, checked September 26, 2026)
Founded
1995 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
golomtbank.com

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Same-day funding, same day funding, with a loan obtainable in minutes through the mobile app.
  • The fixed-rate model, fixed rate, holds the monthly payment level across the term.
  • Personal, secured, car and business lending sit with a single direct lender, so criteria do not change between products.
  • Home improvement is the stated use for borrowing of MNT 5,000,000 to MNT 50,000,000.

Cons

  • Interest of 19.56% to 26.82% sits above the personal loan median of 12.25%.
  • A hard credit check, hard, is required, so applying leaves a full search on the file.
  • Support runs on phone and email only.
Golomt Bank

Ready to try Golomt Bank?

Scored 9.0 / 10 by BorrowCue.

See alternatives

Who it suits

  • Borrowers in Mongolia with steady income and a minimum time in the same job
  • People funding home improvement who want one fixed monthly amount
  • Applicants who can absorb an origination fee of 1.00% of loan amount on top of the interest rate

Who should look elsewhere

  • Borrowers chasing a cheaper rate: Monzo Flex, where the personal loan APR runs 10% to 23%.
  • Cashspace, listed at PHP 12 to PHP 36, sits in another market, so its rate is not a like-for-like swap.

Who runs it

Golomt Bank trades as GolomtBank LLC (GolomtBank KhK), based in Mongolia and founded in 1995. The lending and the customer relationship both sit with the bank rather than an intermediary, so the rate, fee and term quoted all come from the same source. Questions about an application or an existing loan are handled over phone and email.

How Golomt Bank compares

Where Golomt Bank is available

Available
Mongolia

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

Frequently asked questions

What rate will I pay?+

Loans run at an APR of 19.56% to 26.82%, and the rate is fixed rather than variable. Fixed pricing holds the monthly repayment steady for the whole term, which suits borrowers who would rather budget a constant amount. The rate is set by the bank itself, not by a broker.

What fees come with the loan?+

There is an origination fee of 1.00% of loan amount, charged on the amount borrowed. It sits on top of the 19.56% to 26.82% interest rate, so the full cost is the rate plus that fee. It scales with the sum you take rather than being a flat charge.

How much can I borrow, and for how long?+

Borrowing runs from MNT 5,000,000 to MNT 50,000,000, and the term runs from 18 to 30. A shorter term cuts the total interest but raises the monthly amount, so check the ceiling against your income. Home improvement is the stated use for the money.

Will the credit check decide my application?+

The check is hard, the most thorough type, so an application leaves a full search on your file. Eligibility also asks for full legal capacity, stable income across the loan term, no overdue loans over a recent period and a minimum time with your employer.

How fast can I get the money?+

Same-day funding is available, same day funding, and the bank states a loan can be obtained in minutes through the mobile app, so the journey runs on a phone. That suits an urgent cost that cannot wait for a transfer cycle. Have income and employer details ready.

What kinds of loan are offered?+

The lending covers personal, secured, car and business loans, and home improvement is the stated use for the money. As a direct lender the decision sits with the bank rather than a panel, so the same eligibility tests apply to a personal loan and a car loan.

How do I contact the bank?+

Support runs on phone and email, so a phone call or an email reaches the team handling the application. Questions on a new application and on an existing loan go to the same channels, and both are handled by the bank itself rather than an intermediary.

Sources

  • golomtbank.com/about-bank checked September 26, 2026

    Backs: Features, Founded, Funding time, Headquarters

  • golomtbank.com/download-logo checked September 26, 2026

    Backs: Legal entity

  • golomtbank.com/retail/loans/6488 checked September 26, 2026

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

    “1800-1646 ... mail@golomtbank.com”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Golomt Bank

Golomt Bank

A fixed-rate loan in Mongolia with a stable employer income

9.0/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings