Loan for NBFIs

It will finance the working capital needed to increase the profitability of the NBFI\'s business activities and increase its products and services.

Benefits

Flexible and favorable

Terms and conditions

Loan for NFBI	MNT	USD	EUR	RMB	JPY
Amount	The amount of bank financing shall not exceed 80% of the total working capital. The maximum loan amount depends on the size of the business, capital and financial capacity.
Interest rate / monthly/	2.00%-1.60%	1.35%-1.00%	1.35%-1.00%	1.35%-1.00%	1.35%-1.00%
Interest rate / annually/	24.00%-19.20%	16.20%-12.00%	16.20%-12.00%	16.20%-12.00%	16.20%-12.00%
Term	Up to 36 months
Service fee	1% of the loan amount /maximum MNT 1,500,000/ or equivalent currency	0.5% of the loan amount /maximum USD 1,500 or amount equivalent to EUR, CNY, JPY
Penalty interest rate	Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate
Fee for changing the original loan terms	0%
Grace period	Up to 12 months
Loan application fee	30,000 MNT
Credit recording enquiry fee /during loan analysis procedure/	Individual – MNT 1,000

Required documents

Official request/amount, interest, term and collateral pledged should be stated/
Loan Application / Bank’s application /
Resolution of the Board of Directors on obtaining a loan. / decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
Copy of company certificate, copy of company charter / stamped by state registration office /
Copy of ID card of the person authorized to sign the loan agreement (founders, CEO, CFO, etc.), borrower’s application form (if legal entity)
Business licenses, plans and other documents
The purpose of the loan, contract, project, etc.
The market and competitor’s analysis
Tax reference
GCCA reference / in the name of the organization and shareholders /
Reference from GASR / on behalf of enterprises and major shareholders /
Financial statements of the company certified by the Audit and Tax Administration – / for the last 4 quarters, at the end of the last year/
Financial statements at the end of the year. These include: list of receivables, current assets, fixed assets, payables and liabilities and sales, unit cost, balance sheet for the last 1 year
Account statement / last 12 months /
Pledge of immovable property (if the pledged property is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution authorizing to pledge)
Collateral historical and detailed reference
Pledge land’s certificate, contract and cadastral map
List and certificate of pledged machinery and equipment
Proof of tax payment in case of real estate purchase
Loan agreement and loan account statement if you have outstanding loans with other banks and NBFIs.
Other required additional materials