- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
Green loan - Eco tourism
A green loan product designed to help clients in the tourism sector improve their travel and tourism offerings and operate sustainable, environmentally friendly business practices.
The product offers the following benefits
Terms and conditions
| Green Loan |
MNT |
USD |
EUR |
| Maximum Loan Amount |
The maximum loan amount will be determined based on the business scope, assets, and financial capacity. |
||
| Interest Rate (monthly) |
1.4%- 2.0% |
1.1% – 1.5% |
1.1% – 1.5% |
| Interest Rate (annual) |
16.8%-24.0% |
13.2%- 18.0% |
13.2%- 18.0% |
| Loan Term |
Up to 120 months |
||
| Loan Disbursement Fee |
1% of the disbursed loan amount, with a maximum of MNT 1,500,000 |
0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR |
|
| Additional Interest |
Additional interest is equal to 20% of the base interest rate |
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| Fee for Changes to Initial Loan Terms |
0% |
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| Grace Period for Principal Repayment |
Up to 24 months |
||
| Credit reference fee |
For each inquiry during loan application (Citizen, Organization) – 1,000 MNT |
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Actual cost: 17.3%-24.5%
Requirements
- Experience in continuous business activity for the last 12 months, for a newly started business, continuous activity for the last 6 months;
- Obtaining a special license to operate from the relevant authority;
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Financial statements must be certified by the Tax Office;
-
No poor quality loan balances;
- Have collateral that meets the Bank’s requirements;
Eligibility or required documents
- Loan application letter;
- Loan application form /bank template/
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Presentation of business activities;
- A copy of the registration certificate issued by the State Registration Authorities;
- Financial statements certified by audit and tax authorities /last 1-3 years/;
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Special licenses, business plans and other documents related to business activities
- Other Required documents
