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Conditions |
MNT | USD | EUR | CNY | JPY |
| Terms |
Up to 120 months |
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Loan amount |
Up to 75% of the total payment of the contract or up to a maximum of 20% of the equity, or an 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% |
| Advance payment |
At least 25% |
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Period of exemption from principal payment |
The period of exemption from the basic basic payment will be determined flexibly depending on the nature of the business, assets, and financial capabilities. | ||||
| Additional conditions |
Currency conversion available every 6 months or 1 year /USD/ |
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|
Application fee |
30,000 MNT | ||||
| Service fee |
0.5% of the loan amount or a maximum of 1,500,000 MNT and equivalent currency |
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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 |
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Property secured loan
Property secured loan
Terms and conditions
Requirements
A financial lease includes physical property that does not lose its basic properties during use, such as facilities, equipment, and vehicles, and that belongs to a fixed asset;
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 /in the name of Organization and major shareholders/;
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Other Required documents;
