Categories
Cashmere processing working capital loan

Terms and conditions

ConditionMNT
Maximum loan amountThe maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity.
Term of loanUp to 24 months
Loan interest /annual/7%
6% /Green loan/
Service fee1% of the loan amount or the maximum amount is 3,000,000 MNT
Penalty interest20% higher than the regular interest rate
CollateralSubject to the bank’s internal policies, and up to 50% of the collateral requirement may be fulfilled with the borrower’s warehouse inventory, export contracts, or future sales revenue.
Fee for changes to the original loan terms0%
Application Fee30,000 MNT
Grace period for principal repaymentUp to 6 months
OtherBe an enterprise with a cashmere fiber sorting facility or a factory with more advanced processing stages
Description : A working capital loan designed to finance the purchase of raw materials and auxiliary materials (up to 10% of the loan amount) necessary to maintain stable business operations for cashmere processing enterprises.

Actual cost /annual/: 7.9%-8.9%