Loans

Financial institute loan

Funds the working capital resources necessary to increase business operating margins and increase product and service.

Benefits

Terms and conditions

Financial institute loan	MNT	USD	EUR	CNY	JPY
Loan amount	The maximum loan amount is determined depending on the size of the business, assets and financial ability. The amount of financing from the bank shall not exceed 80% of the total working capital
Loan interest /month/	2.0%-1.6%	1.35%-1.0%	1.35%-1.0%	1.35%-1.0%	1.35%-1.0%
Loan interest /annual/	24.0%-19.2%	16.2%-12.0%	16.2%-12.0%	16.2%-12.0%	16.2%-12.0%
Term of loan	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 interes	The increased interest rate is equal to 20% of the principal interest rate
Benefits of Changes to the Original Loan Term	0%
Period of exemption from principal	Up to 12 months
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/;
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 identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
Special licenses, business plans and other documents related to business activities;
References /in the name of Organization and major shareholders/;
Other Required documents;