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Current Asset Loan
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MNT | USD | EUR | CNY |
JPY |
| Maximum loan amount | The maximum loan amount will be determined depending business, capital and financial ability | ||||
| Loan interest /month/ |
2.0%-1.6% |
1.5%-1.1% | 1.2%-0.85% | 1.2%-0.85% |
1.2%-0.85% |
| Loan interest /annual/ |
24.0%-19.2% |
18.0%-13.2% | 14.4%-10.2% | 14.4%-10.2% |
14.4%-10.2% |
| Term of loan |
Up to 36 months |
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| Service fee | 1% of the loan amount or the maximum amount is 1,500,000 MNT | 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY | |||
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
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| Benefits of Changes to the Original Loan Term |
0% |
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| Period of exemption from principal |
Up to 12 months
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| Application Fee |
30,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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Current Asset Loan
We offer flexible and favorable conditions for you, enterprises, and customers who want to increase operating income and profit, improve the quality of their products and services, expand their variety, and fully meet their financial needs.
Terms and conditions
Requirements
- Last 12 months continuous business experience;
- Qualify for collateral
- Other requirements from the bank.
Eligibility or required documents
- Loan application /from bank/, 1 copy of photo
- Identity card
- Description of the place of residence
- Account statements
- Operating license and lease agreement
- Other required documents
