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To maintain the borrower’s employment, to provide the working capital necessary for the stability of the business, and to refinance loans from banks for the same purpose.
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Job support loans
Job support loans
Жижиг, дунд үйлдвэрлэл, үйлчилгээ эрхлэгч таны бизнесийн үйл ажиллагаагааг тогтвортой явуулахад шаардлагатай эргэлтийн хөрөнгийг бий болгох, ажлын байрыг хадгалахад зориулсан зээл юм.
Benefits
Terms and conditions
Conditions |
Job support loans |
|
Amount of loan |
Up to 500,000,000 MNT
|
|
Loan interest /annual/
|
3% |
|
Loan term /month/
|
Up to 36 months
|
| Service fee |
In the case of a new loan, it will not exceed 1 percent of the amount of the loan amount or 1,500,000 MNT
|
|
Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
| Application Fee |
30,000 MNT |
| Other |
Other requirements and conditions of the Bank of Mongolia
|
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
Requirements
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An enterprise operating in the territory of Mongolia;
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The period of business activity is more than 1 year;
- The property from the bank must have met the requirements of the property;
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As a legal entity, the shareholder has not changed since the issuance of the Government Resolution, February 17, 2021;
- Must be registered as a registered taxpayer or exempt from increased cost tax;
- In the case of a loan secured by with insufficient mortgages, meet the requirements specified in sections 4.1.1 and 7.1 of the Law on the Support of Small and Medium Enterprises and Services;
- Other requirements
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Other requirements set by the bank in accordance with the implementation of this agreement within the framework of credit operation procedures and instructions.
Eligibility or required documents
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Business introduction;
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Special license to operate;
- The original copy of the identity card, if it is not possible to bring the original, a notarized copy and a photocopy of the last 6 months;
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Proof of income and expenses;
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Documents certifying the purpose of the loan and agreements concluded in connection therewith;
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Documents confirming the credit history of the last 3 years, loan agreement and payment documents.
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Additional materials required by the bank
