Loans

CREDIT LINE

We offer our customers credit line products with favorable interest rates and long-term loans that can be borrowed in accordance with their business activities.

Benefits

Flexible and favorable conditions

Terms and conditions

Credit line	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%-1.60%	1.50%-1.10%	1.20%-0.85%	1.20%-0.85%	1.20%-0.85%
Loan interest /annual/	24.0%-19.20%	18.0%-13.20%	14.4%-10.20%	14.4%-10.20%	10.8%-10.20%
Commitment interest /annual/	2.80%-4.2%	2.0%-3.60%			1.50%-3.0%
Term of loan	Up to 60 months	Up to 36 months
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
Benefits of Changes to the Original Loan Term	0%
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Requirements

Last 12 months continuous business experience;
Good credit history;
Qualify for collateral
Other requirements set by the bank

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/
Copy of the company’s certificate, copy of the company’s charter /with the seal of the State Registration Office/
Copy of the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
Special licenses, business plans and other documents related to business activities
Details of financial statement figures as at the end of the last year. It includes: List of accounts receivable, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost of products, balance sheet of the last 1 year,
Certificate of real estate to be mortgaged, /if the mortgaged property is in the name of another organization, a copy of the company’s certificate and charter, decision or resolution allowing the mortgage/
List of vehicles and equipment to be pledged, certificates
Other necessary additional materials

Eligibility or required documents