Moni Digital

Features Moni Digital

Moni Digital application is a fintech based product of “Omni Capital NBFI” LLC which offers online loans without collateral to its customers utilizing mobile application making quick credit decisions based on credit scoring.
“Omni Capital NBFI” LLC received non-banking service license under the decree No 204 by the Financial Regulatory Commission of Mongolia.
Moni Digital application provides the following services to its customers under the laws and regulations of the Financial Regulatory Commission of Mongolia:• Online loanPrivacy PolicyWe strictly operate and comply under the local regulations and laws of Mongolia.
Omni Capital NBFI respect its customer’s right to privacy as well as is committed to protecting and keeping the confidentiality of its customer’s private information.
Omni Capital NBFI is fully committed to protecting its customer’s private information.
Moni Digital is only available in Mongolia.Registration process on the app:• Downloading Moni application • Start the registration process• Accepting terms and conditions• Complete the required information (Phone number, National ID number)Loan request:Once the customers completes the required information, our AI credit scoring system uses the provided information and combines it with credit history to determine the line of credit.
Once the credit scoring process is completed, the parties must complete a Loan Agreement which allows the borrower to receive a loan at anytime up to its credit limit.Loan amount: 40,000 – 10,000,000Monthly rate: 3%Max APR: 36%Credit line period: Minimum repayment of 3 months and maximum to 24 monthsLoan repayment:Our system provides its customers information regarding the loan repayment via SMS, in-app notification, push notification and phone call from our customer service team.
Customers are able to pay the loan at anytime using Moni application, any local bank applications or local bank branches.
Once customers repay the loan, they can request a new loan at anytime within 365 days.Example for a 90 day loan with principal amount of 300,000Loan amount: 300,000 MNTLoan repayment: 90 daysAPR: 36%Monthly payment: 106,059Interest paid: 5,999Total amount paid: 318,177Contact us:Customer service: +976-72721212Website: https://moni.mn/Email: [email protected]: @MoniappAddress: Grand building – No 66, Khoroo 1, Sukhbaatar duureg, Ulaanbaatar, Mongolia