Loans

Movable property and machinery

Хөдлөх хөрөнгө болон машин, тоног төхөөрөмж.

Terms and conditions

Conditions	MNT	USD	EUR	CNY	JPY
Term of loan	Up to 60 months
Maximum loan amount	The maximum amount of financial lease is 20 billion MNT or equivalent currency
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%
Service fee	1% of the loan amount or a maximum of 1,500,000 MNT and equivalent currency
Application Fee	30,000 MNT
Other	Assets purchased on credit will be fully insured. Customer is responsible for insurance premiums.
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Requirements

The purpose is to purchase equipment and techniques to improve production and services;
Last 12 months continuous business experience;
Good credit history
Qualify for collateral (immovable and movable assets);
Other requirements

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/
Copy of Company Certificate, Copy of Company Articles of Association /Stamp of the State Registry/
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