Lending software for Mongolia

A market with strong non-bank financial institutions and app-based lending via QPay and e-Mongolia. lendhero arrives with Credit Information Bureau of Mongolia, e-Mongolia and Interbank instant already connected, so your team configures products instead of plumbing.

See the local stack
  • MNT (MNT)
  • Mongolian, English
  • 15 local connectors
  • 1–2 weeks to launch

Sain baina uu, Saraa

Approved2,000,000 MNT

753

Credit score

On-time payments

Monthly payment197,000 MNT

Market profile

Mongolia at a glance

What lendhero is set up for in Mongolia before your team logs in.

Currency

MNT (MNT)

Languages

Mongolian, English

Supervisor

Financial Regulatory Commission and Bank of Mongolia

Credit data

Credit Information Bureau of Mongolia

Payout rails

Interbank instant, QPay, SocialPay

Data protection

the Law on Personal Data Protection

15
local connectors wired in before kickoff
MNT
for pricing, payouts and repayments
1–2
weeks from kickoff to the first loan
2
interface languages: Mongolian, English

Working with borrowers in Mongolia

Tools for every borrower conversation

Borrowers in Mongolia apply, sign, pay and come back for repeat loans in Mongolian and MNT.

Applications in minutes

Borrowers apply on the web or in the app, and staff file applications from the back office. A half-filled form waits for them to come back.

New application

Draft saved
Step 2 of 4 · Personal detailsStep 2/4

Reminders that get read

Approvals, due dates and overdue notices go out by Messenger and Infobip automatically.

Your application is approvedMessenger
Your payment is due tomorrowInfobip
New receipt in your portalSMS

Rewards for repeat borrowers

Points for on-time payments, promo codes for campaigns and manual adjustments by staff.

WELCOMEfirst loan
Bonus balance1,240 pts

A portal for repeat loans

Repeat borrowers reapply without retyping data, extend or repay from their phone.

Extend loan
Repay early
Refinance

Contracts without paperwork

Loan agreements, extension requests and receipts are generated and e-signed in Mongolian.

Loan agreementSigned
Extension requestReady
Payment receiptDraft

Decisioning

Decisions in seconds, explained in plain words

Third-party and built-in checks run in one flow, for individuals and businesses. Every approval and decline shows the rules and scores behind it.

  • Every check in one passAnti-fraud, identification, credit bureaus, sanctions and digital footprint.
  • Rules you can readYour team can answer any borrower about why.

Application #48213

Saraa · Consumer loan, 6 months · 2,000,000 MNT

Approved
Credit score712
  • IdentityVerified
  • Anti-fraudPassed
  • Credit bureau712
  • Debt-to-income31%
  • Sanctions & watchlistsClear
Decision time28 s

Local stack

The Mongolia stack, connected before kickoff.

Bureaus, identity, bank data, payment rails and messaging that lenders in Mongolia rely on. Anything missing is added through the open API.

  • Credit bureaus & registries1 connector
    • CCredit Information Bureau of Mongolia
  • Identity & KYC2 connectors
    • ee-Mongolia
    • OOnfido
  • Bank & alternative data2 connectors
    • BBank statements
    • ee-Mongolia data
  • Disbursement rails3 connectors
    • IInterbank instant
    • QQPay
    • SSocialPay
  • Repayments & collections3 connectors
    • QQPay
    • CCard
    • BBank transfer
  • Messaging3 connectors
    • MMessenger
    • IInfobip
  • E-signature2 connectors
    • DDocuSign

Checks and payments

Who borrows and how money moves in Mongolia

Applicants are checked with Credit Information Bureau of Mongolia, and money moves via Interbank instant and QPay.

Client checks

Checks connected in Mongolia:

  • Anti-fraud servicesDevice, behaviour and blacklist checksPass
  • Identity verificatione-Mongolia, OnfidoPass
  • Credit bureausCredit Information Bureau of MongoliaPass
  • Government registriesNational ID and tax registriesPass
  • Bank and alternative dataBank statements, e-Mongolia dataReview
  • Additional data sourcesTelco, open banking and your own listsAuto

Payment infrastructure

Payment rails connected in Mongolia:

DisbursementInterbank instant, QPay, SocialPay in MNT
RepaymentQPay, Card, Bank transfer
Status checksEvery payment tracked until it settles
Reversals and refundsCancel or refund with a full audit trail
  • Interbank instant
  • QPay
  • SocialPay
  • Card
  • Bank transfer

Loan servicing

Every loan and every repayment on one screen

Edit terms, recalculate interest, apply penalties and follow the full schedule without exporting anything.

  • Automatic calculations for every loanInterest, fees and penalties in MNT are calculated by a dedicated engine with 200+ configurable parameters. Staff can still adjust any amount by hand, and every change is logged.
  • Loan products in minutesSet up consumer, instalment and business products with their rules and scenarios in the admin panel, without a release.
  • Notifications tied to every calculationEach due date, penalty and recalculation sends the right message to the borrower and your team.

Loan #48213

2,000,000 MNT

On track
Auto-calculated · 200+ parametersManual edit
Repaid 713,330 MNT of 2,140,000 MNT2 of 6 payments
DateAmountStatus
Sep 4356,670 MNTPaid
Oct 4356,670 MNTPaid
Nov 4356,670 MNTDue in 7 days
Dec 4356,670 MNTUpcoming
Jan 4356,670 MNTUpcoming
Reminder sentYour payment of 356,670 MNT is due Nov 4

Loan flow

How a loan runs in Mongolia. Five steps, all local.

  1. 01ApplyBorrowers apply on the web, in the app or via Messenger, with forms in Mongolian and English.
  2. 02VerifyIdentity and documents are checked through e-Mongolia and Onfido.
  3. 03DecideScorecards pull Credit Information Bureau of Mongolia data and return a decision in seconds.
  4. 04DisburseFunds go out via Interbank instant or QPay in MNT, straight after signing.
  5. 05CollectRepayments arrive via QPay and Card, with reminders over Messenger.

Portals

One platform, three portals

Everyone works in the same system and sees only what their role allows.

My loan

2,000,000 MNT

Next payment

356,670 MNT · Nov 4

Pay now

Extend loan

Customer portal

Borrowers apply, repay, extend and track loans online.

Applications

SaraaVerifierApproved
Daniel O.AnalystReview
Maria L.RiskApproved
Tomas K.AnalystDeclined
Lena P.VerifierReview

Staff portal

Managers, analysts, risk, verifiers and collectors work side by side.

Role · Verifier

12 users
View applications
Verify documents
Approve loans
Edit loan terms
Export reports

Super-admin portal

Products, roles, permissions and rules change without a release.

Products

What lenders in Mongolia launch on .

Consumer instalment loansApp-based personal loans.
MicrofinanceLoans for herders and small traders.
Auto financingCar loans.

Compliance

Configured for FRC and the Law on Personal Data Protection.

lendhero is software: the licence stays yours. We set the platform up for the rules you operate under in Mongolia.

Hosting & data residency

Cloud or on-premise deployment, with data stored where the Law on Personal Data Protection requires.

Consent & privacy

Borrower consents are captured, versioned and logged under the Law on Personal Data Protection.

Pricing & disclosures

Rates, fees and cost-of-credit disclosures set per product for FRC rules.

Audit trail

Every decision, edit and message is logged for internal and external audits.

More markets in Central Asia

All Asia markets

Questions

Frequently asked

Didn’t find the answer? Write to us and we’ll reply within one business day.

Can lendhero run a lending business in Mongolia?+

Yes. The platform is set up for MNT, Mongolian and English and FRC requirements, with 15 local connectors ready on day one.

Which credit data sources are connected in Mongolia?+

Credit Information Bureau of Mongolia. On top of that, identity checks run through e-Mongolia and Onfido and bank data comes from Bank statements and e-Mongolia data.

How do borrowers get paid and repay?+

Payouts go out via Interbank instant, QPay and SocialPay in MNT. Repayments arrive via QPay, Card and Bank transfer, with reminders over Messenger and Infobip.

How long does a launch in Mongolia take?+

Usually 1–2 weeks from kickoff to the first loan, including connecting 15 local services, product setup, staff training and a test run.

Can we run several countries on one platform?+

Yes. One installation serves several countries, each with its own currency, products, languages and local connectors.

Book a demo

Lending in Mongolia? Let’s plan the launch.

We’ll walk you through the platform, show what matters for your products and answer questions about your business.

  • A 30-minute call
  • A walkthrough on your products and markets
  • Answers on timeline, integrations and pricing

Tell us about your lending

We reply within one business day.

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