Flexible and favorable conditions
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Trade credit line
Trade credit line
Commercial entrepreneurs offer their customers the opportunity to get a line of credit of any length, with flexible interest rates, depending on the scale of their business.
Benefits
Terms and conditions
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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 |
Line 1% of amount or up to 1,500,000 MNT | Line 1% of amount or up to 1,000 USD | Line 1% of amount or up to 1,000 EUR | Line 1% of amount or up to 5,000 CNY | Line 1% of amount or 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 |
30,00 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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Loan after shipment conditions
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Loan after shipment
|
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%
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| Loan term | Up to 60 months | ||||
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/;
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Collateral information, related documents;
- Other documents;
