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Loan conditions |
|
| Loan interest /annual/ |
3.0% |
| Loan terms |
up to 24 months |
|
Increased interest |
The increased interest rate is equal to 20% of the loan interest rate |
|
Service Fees |
1% of the loan amount or the maximum amount is 1,500,000 MNT |
|
Application Fee |
30,000 MNT |
| Others |
Other requirements and conditions set by the Bank of Mongolia |
|
Credit database reference fee |
Citizen – 1,000 MNT Organization – 1,000 MNT |
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Cashmere Manufacturing Loan
Cashmere Manufacturing Loan
We offer our clients a low-interest, favorable loan product tailored for cashmere processors and manufacturers.
Terms and conditions
Requirements
- Experience in continuous business over the past 12 months;
- Qualify for collateral (immovable and movable assets);
- Other requirements of the bank;
Eligibility or required documents
- Loan application letter;
- Loan application /from Bank/;
- A copy of the certificate and charter must be certified by a notary;
- Financial report certified by audit and tax office /last 1-3 years/;
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Collateral information, related documents;
- Other documents;
