- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the project loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
Green Project Loan
Green Project Loan is designed to finance projects that promote the sustainable and responsible use of energy, water, and materials, enhance waste management, and support the long-term sustainability of businesses. It encourages green business practices among small, medium, and large enterprises.
The product offers the following advantages
Terms and conditions
| Green Project Loan | MNT | USD | EUR |
| Loan Amount /max/ | The maximum loan amount will be determined based on the business scope, assets, and financial capacity. | ||
| Interest Rate (monthly) | 2.0%- 1.6% | 1.5% – 1.1% | 1.5%-1.1% |
| Interest Rate (annual) | 24.0%-19.2% | 18.0%- 13.2% | 18.0%-13.2% |
| Loan Term | Up to 60 months | Up to 36 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 | ||
| Fee for Changes to Initial Loan Terms | 0% | ||
| Grace Period for Principal Repayment | Up to 12-24 months | ||
Actual cost /annual/: 19.7%-24.5%
Requirements
- The loan applicant must have provided up to 30% of the required total investment with his own funds;
- 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;
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No poor quality loan balances;
- Have collateral that bank’s requirements;
Eligibility or required documents
- Loan application letter;
- Loan application /from Bank/
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Presentation of business activities;
- A copy 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
