Loans

Special Terms of the Multilateral Credit Line

We offer you a loan with special terms under a multilateral credit line.

Terms and conditions

Main Conditions of the Multilateral Line
Structure and Purpose	up to 200,000,000 MNT
	Guarantee Authority		Working Capital Loan
	100,000,000 MNT		100,000,000 MNT
Interest	Guarantee commission:*	Annual interest 3.00-5.00%	Loan interest	Monthly 1.8% Annual 21.6%
Period of the Line of Credit	12-18 months
Commitment interest**	Annual 1.5%
Fee for Opening a Multilateral Credit Line***	0.5% of the Credit Line Amount
Guarantee Issuance Fee	0.00 MNT
Fee for Guarantee Amendments
Creditworthiness Statement Fee
Collateral	Collateral Requirements for Performance of Obligations under the Multilateral Credit Line: 50% in Real Estate. 50% in Movable Assets.
Conditions for Guarantee Invocation and Payment Obligation Fulfillment from Loan Funds
Loan Terms Related to Fulfillment of Guarantee Payment Obligations	Loan amount	Guarantee Amount + Outstanding Risk Fee Amount
	Loan period	up to 3 months
	Loan interest	MNT 24.0%

Requirements

Eligibility or required documents

Loan application letter. /Required loan amount, interest rate, term, collateral/
Loan application /Bank form/
Resolution of the Board of Directors /Shareholders’ Meeting/ on taking a loan. /The decision specifying the requested loan amount, interest rate, term, and collateral and appointing the person authorized to sign/
A copy of the certificate and charter must be certified by a notary;
Copy of the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
List of vehicles and equipment to be pledged, certificates
Other necessary additional materials