Before and after the shipment:
- The cost of resources includes the tax costs associated with the attraction of external resources, interest and non-interest costs, and the cost of mandatory reserves.
Trade credit line and before, after shipment
We offer trade business clients the opportunity to obtain a long-term credit line with flexible interest terms, allowing you to borrow the desired amount based on the scale of your business.
Notes
Terms and conditions
|
Trade credit line |
MNT | USD | EUR | CNY | JPY |
| Loan amount |
Determined depending on business scale, capital, financial ability and trade turnover. |
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|
Trade credit line opening service fee |
1% of the credit line amount, up to 1,500,000 MNT | 1% of the credit line amount, up to 1,000 USD | 1% of the credit line amount, up to 1,000 EUR | 1% of the credit line amount, up to 5,000 CNY | 1% of the credit line amount, up to 5,000 JPY |
| Commitment interest (annual) |
0%-2.0% |
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|
Loan term |
up to 60 months | ||||
| Fee of change to Credit Line Agreements |
0% |
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|
Application fee |
30,000 MNT | 10 USD | 10 EUR | 100 CNY | 1,000 JPY |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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Before and after shipment loan conditions
|
Conditions |
MNT | USD | EUR | CNY | JPY |
| Loan amount |
Within the scope of the trade credit line, it does not exceed the amount of trade contracts and agreements |
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|
Loan interest /annual/ |
Source cost + 2.0%-4.0% | ||||
| Loan term |
Up to 60 months |
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|
Service fee |
0% | ||||
| Application fee |
30,000 MNT |
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|
Prepayment fee (full or partial)
|
According to the terms and conditions of the foreign bank
|
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|
Credit database reference fee
|
For each / citizen, organization / – 1,000 MNT |
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Requirements
- Experience in continuous business over the past 12 months;
- Qualify for collateral (immovable and movable assets);
- Other requirements of the bank.
Eligibility or required documents
- Loan application letter;
- Loan application /from Bank/;
- A copy of the certificate and charter must be certified by a notary;
- Financial report certified by audit and tax office /last 1-3 years/;
-
Collateral information, related documents;
- Other documents;
