Gold collateral loan
Dear customer, this is a loan for you to expand your business and solve your financial needs by circulating your gold without having to sell it. There are few documents required and it is possible to meet the cash needs within 1-4 working hours.
Terms and conditions
Gold collateral loan Collateral loan with purity certified gold bullion Collateral loan with purity uncertified gold bullion

Collateral gold loan without sample purity testing

Term

Up to 12 months Up to 6 months

Up to 3 months

Loan amount

Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 90% or up to 20% of equity Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 80% or up to 20% of equity

Gross weight * Gold sample / minimum amount of sample taken before gold extraction / * (100% -Tax) * 60% or up to 20% of equity

MNT loan interest

Monthly

1.8% -1.6% 1.9% -1.6%

2.0% -1.6%

Annual 

21.6%-19.2% 22.8%-19.2%

24.0%-19.2%

USD loan interest rate

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

EUR loan interest

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

CNY loan interest

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

JPY loan interest

Monthly

1.25%-1.0% 1.35%-1.0%

1.35%-1.0%

Annual 

15.0%-12.0% 16.2%-12.0%

16.2%-12.0%

Service fee

No fee

Application fee

30,000 MNT

Collateral

Gold

Requirements for gold bullion as collateral

Gold bullion with proven identification of gold and silver samples by accredited laboratory tests of precious metal samples Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples.

Have a gold deposit reserve report prepared and a sample report indicating the gold content in the report.

Collateral requirements for gold bullion
  • Gold bullion with evidence of gold and silver samples based on the results of tests by an accredited laboratory for precious metal samples 
  • Prepare a gold deposit reserve report and have a sample report indicating the gold content in the report
  • Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples.
Required materials
  • Official letter requesting a loan
  • Permission to allow a company official to pledge gold
  • A notarized copy of the company’s certificate and charter
  • Borrower’s consent
  • Application form of the entity, CEO and CFO
  • Power of attorney issued to a bank employee to receive test results from an accredited precious metal sample laboratory / if the sample has not been identified /