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Corporate overdraft loan
Corporate overdraft loan
We offer short-term financing overdraft loan products for your organization.
Benefits
Terms and conditions
|
Conditions /MNT/ |
Overdraft Loans for Corporate |
| Current account minimum balance |
0 MNT |
|
Current account interest /annual/ |
According to'General Terms and Conditions of the Bank’s Service Fees and Charges” |
| Maximum Loan Amount |
Up to MNT 500 million or up to 20 percent of the average current account balance of the last 12 months |
|
Basic interest rate /annual/ |
21.6% |
| Basic interest rates Increased Interest /annual/ |
24.0% |
|
Period of use |
up to 12 months |
| Repayment period |
30 days /counting from the day use/ |
|
Contribution |
1% of the amount or the maximum amount is 1,000,000 MNT |
| Benefits of Changes to the Original Loan Term |
1% of the amount or the maximum amount is 1,000,000 MNT |
|
Application Fee |
30,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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/;
- Other documents;
