- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
Green Loan – ECO tourism
A green loan product designed to help clients in the tourism sector improve their travel and tourism offerings and operate sustainable, environmentally friendly business practices.
Benefits
Terms and conditions
| Green Loan |
MNT |
USD |
EUR |
| Maximum Loan Amount |
The maximum loan amount will be determined based on the business scope, assets, and financial capacity. |
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| Interest Rate (monthly) |
1.4%- 2.0% |
1.1% – 1.5% |
1.1% – 1.5% |
| Interest Rate (annual) |
16.8%-24.0% |
13.2%- 18.0% |
13.2%- 18.0% |
| Loan Term |
Up to 120 months |
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| Loan Disbursement Fee |
1% of the disbursed loan amount, with a maximum of MNT 1,500,000 |
0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR |
|
| Additional Interest |
Additional interest is equal to 20% of the base interest rate |
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| Fee for Changes to Initial Loan Terms |
0% |
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| Grace Period for Principal Repayment |
Up to 24 months |
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| Credit reference fee |
For each inquiry during loan application (Citizen, Organization) – 1,000 MNT |
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Actual cost: 17.3%-24.5%
Requirements
- Last 12 months continuous business experience.
- Must have collateral that meets the bank’s requirements.
- Other requirements from the bank.
Eligibility or required documents
- Loan application letter;
- Loan application /from Bank/;
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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/;
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A copy of the certificate and charter must be certified by a notary;
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Copy of identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
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Special licenses, business plans and other documents related to business activities;
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References for the organization and its major shareholders;
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Other Required documents;
