Investment Loan

Business entities and customers are offered to obtain investment loans on favorable terms for the purchase of fixed assets, construction and expansion of facilities, and the purchase of technology and equipment in order to expand their business activities.

Benefits

Flexible and favorable term

Terms and conditions

Investment loan	MNT	USD	EUR	RMB	JPY
Maximum amount	The borrower must finance at least 30% of the total investment. The maximum loan amount depends on the size of the business, capital and financial capacity.
Interest rate/monthly/	2.00%-1.60%	1.50%-1.10%	1.20%-0.85%	1.20%-0.85%	1.20%-0.85%
Interest rate/annually/	24.0%-19.20%	18.00%-13.20%	14.40%-10.20%	14.40%-10.20%	14.40%-10.20%
Term	Up to 60 months	Up to 36 months
Service fee	1% of the loan amount /maximum MNT 1,500,000/	Олгосон зээлийн дүнгийн 0.5% буюу дээд хэмжээ нь 1,500 ам.доллар болон түүнтэй тэнцэх евро, юань, иен
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 Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.69%-24.51%

Requirements

Experience in continuous business for the last 12 months;
Have a good credit history and good creditworthiness;
Must meet the requirements of collateral (real estate and real property);
Must meet other requirements set by the bank.

Required documents

Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
Loan application / by the form /
Resolution of the Board of Directors (Shareholders’ Meeting) 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 (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
Special licenses, business plan and other documents
Information about the purpose of loan, contracts and agreements, projects, etc.
Information about the market and competitors
Tax authority reference
Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
Reference from State Registration Office /on behalf of enterprises and major shareholders/
Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
Account statement / As of the last 12 months /
Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
Mortgage reference / historical, detailed /
Pledge 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 loan balances with other banks and NBFIs.
Other necessary additional materials