Trade and Development Bank review

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

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Our verdict

Trade and Development Bank suits salaried Mongolian workers whose salary is paid into a TDB account and want home improvement money funded quickly. Cost sits above the personal loans median, 12.25%, and the term is short, so it competes on service rather than price.

Key facts

Best for
Salaried TDB account holders in Mongolia needing home improvement money the same day.
APR
18% to 21.6% (Source, checked September 26, 2026)
Loan amount
up to MNT 50,000,000 (Source, checked September 26, 2026)
Term
30 months (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Origination fee (%)
1% (Source, checked September 26, 2026)
Loan types
Personal, Secured, Car, Business, Credit-line (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Trade and Development Bank of Mongolia (Source, checked September 26, 2026)
Headquarters
Mongolia (Source, checked September 26, 2026)
Founded
1923 (Source, checked September 26, 2026)
Support channels
Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding
Official website
tdbm.mn

Apps and profiles

Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Same-day funding is available, and same day funding lists it as a feature.
  • The ceiling of up to MNT 50,000,000 is high for a product aimed at salaried borrowers.
  • Support runs on phone, email and chat, giving borrowers several routes to an answer.
  • Loans come straight from the bank, direct lender, across personal, secured, car, business and credit line lending.

Cons

  • The credit check is hard, so hard applies and a thin credit file is unlikely to pass.
  • Eligibility is narrow: applicants must be Mongolian citizens with social insurance paid and salary in a TDB current account for a minimum period.
  • The 30 term is shorter than the personal loans median, 48, so monthly payments are higher.
Trade and Development Bank

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Salaried employees in Mongolia whose salary lands in a TDB current account.
  • Borrowers planning home improvement work who want funding the same day.
  • People wanting personal, secured, car, business or credit line lending from a single bank.

Who should look elsewhere

  • Borrowers chasing the lower entry rate, since Monzo Flex runs 10% to 23%.
  • Anyone after a fee-free option, since Cashspace ES lists 0%.
  • Borrowers willing to carry a much higher top rate, as Cashspace runs PHP 12 to PHP 36.

How your money is protected

Trade and Development Bank is a direct lender: direct lender means it decides and funds loans itself rather than passing an application to another firm. It is supervised in Mongolia by the Bank of Mongolia. Loan payouts therefore run through the bank, so a reader can check how the institution holds customer money.

The company behind it

The lender is Trade and Development Bank of Mongolia, with its head office in Mongolia, MN. It has been operating since 1923, which makes it an established name rather than a new entrant. Customer help runs on phone, email and chat, by phone, email, chat or the help centre.

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 interest rate does Trade and Development Bank charge?+

Interest runs at 18% to 21.6%, above the personal loans median, 12.25%, in this comparison. A single rate band is published, so the rate you pay depends on the terms offered at the time. Treat the figure as a marker, not a personal quote.

What fees apply to a loan from this bank?+

The arrangement fee is 1% of the loan amount as a loan service fee. Applicants who apply through online banking also pay a credit information bank reference fee, a small fixed charge on top. Over a short term the percentage is the main cost.

How much can I borrow and over what term?+

The borrowing ceiling is up to MNT 50,000,000, and the term is 30. The personal loans median term in this comparison is 48, so the schedule here is shorter than most. A shorter term means higher monthly payments for borrowers whose income can absorb them.

Who can apply, and what credit check is run?+

Applicants must be adults and citizens of Mongolia, employed by a single employer with social insurance paid, and holders of a MNT current account at TDB with salary paid in for a minimum period. The check is hard, so hard applies and a thin credit history is unlikely to be approved.

How quickly is the money sent?+

Same-day funding is listed among the bank's features, same day funding, and 82.9% of lenders in this comparison offer it. Speed is therefore a normal expectation rather than a differentiator, though it still suits repairs or purchases that cannot wait for a slower disbursement.

What kinds of loans does the bank offer?+

The bank covers personal, secured, car and business lending plus a credit line, personal, secured and car. The stated use is home improvement, home improvement, and that is the category the published terms cover. Borrowers with another purpose should confirm the terms before applying.

Is the bank regulated, and how do I get help?+

The lender is Trade and Development Bank of Mongolia, based in Mongolia, MN, and has been operating since 1923. It is supervised by the Bank of Mongolia. Help runs on phone, email and chat, so questions about eligibility, fees or the repayment schedule can be raised before applying.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Funding time, Representative example.

Trade and Development Bank

Trade and Development Bank

Salaried TDB account holders in Mongolia needing home improvement money the same day.

9.3/10See alternatives

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