Loan services

Microbusiness women support loan

A loan product to support women entrepreneurs

Terms and conditions

Loan amount	Up to 30 million/The maximum loan amount should not exceed 60% of the average of the last 6 months sales/
Loan interest /monthly/	1.60%-1.80%
Loan interest /annual/	19.20%-21.60%
Loan term	Up to 12 months
Loan service fee	0%
Commitment interest	2.8%
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost /annual/:19.3%-21.7%

Requirements

Be a self-employed woman entrepreneur;
Be the owner of the Gerege POS device and Transbank POS device, and the contract for using the device during the loan period is valid;
Experience of continuous business for the last 6 months, business income received at least in the last 6 months through current account in TransBank;
Having no overdue or non-performing loan balances in other banks and NBFI;
The loan applicant’s debt to total income ratio should be 60%

Eligibility or required documents

Loan application;
A copy of the registration certificate issued by the State Registration authorities and Company charter;
Identity card;
Other banks and financial institutions loan contract, loan accounts statement;
Collateral documents and guarantee agreements (if applicable);
Special licenses, business plans and other documents related to business activities;