Categories
Automatic and periodic payments (for utility payments and bills etc.)

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
The Board of Directors

Tserendash Sedvanchig

Tserendash S. graduated from Indiana University in the USA with a bachelor’s degree in Finance in 2009. He furthered his education at the University of Luxembourg, where he earned a master’s degree in Asset management in 2017.

With a professional career of serving as a specialist of Finance and Economic Policy Department from 2009 to 2013 and specialist at the Financial Policy Department of the Ministry of Finance from 2015 to 2017, Director of Corporate Banking Department at State Bank from 2013 to 2015, Head of the department that responsible for preparing the establishment of the Investment Management company and Investment fund of the Development Bank in 2017, Executive Director of DBM Asset Management, a subsidiary of the Development Bank, from 2017 to 2019, Head of Securities Department of the Financial Regulatory Commission from 2020 to 2021, Deputy Director of Business Development of the Development Bank from 2021 to 2022. In 2022, he became the Executive Director and Project Consultant of Burenscore CIB LLC, a position he held until 2023, then served as Deputy Head of the Treasury Department of the Ministry of Finance from February to June 2023.

He has been a member of TransBank’s Board of Directors since December 6, 2023, and was appointed Chairman of the Board effective August 26, 2024.

Categories
Shareholders structure

Infrastructure LLC

2.92%

Categories
Shareholders structure

Oyungerel.D

4.84%

Categories
Shareholders structure

Ganbold.U

5.02%

Categories
Home

Бүтээгдэхүүний нөхцөл

 

Үйлчилгээний төрөл

Үйлчилгээний нөхцөл

Дансны валют

Төгрөг

Хугацаа

3 сар

6 сар

Жилийн хүү

6.00%

7.00%

Хугацаанаас нь өмнө цуцлахад төлөх хүү

2.00% /жилийн хүү/

Доод үлдэгдэл

1,000,000,000 төгрөгтэй тэнцэх ам.доллар

Хүү олгох давтамж

Хугацааны эцэст

Данс нээх

Хураамжгүй

Хадгаламжийн дэвтэр

Үнэгүй

Хадгаламж барьцаалсан зээлийн нөхцөл

Хэмжээ: хадгаламжийн 90 хүртэл хувь;

Хүү: хадгаламжийн хүү + 6.00%;

Categories
Corporate payment card

Benefits

  • Company management or a particular employee can hold the card.
  • Operating cash flow management effectively;
  • Secured with the latest EMV chip technology
  • Paywave technology that allows contactless payment
Categories
Corporate payment card

Terms and conditions

CONDITIONS CORPORATE PAYMENT T CARD
Currency MNT
Annual fee MNT 15,000
Validity 3 years
Sub-card annual fee MNT 5,000
Reissuance fee
Urgent order fee
Daily POS purchase limit MNT 25,000,000 or foreign currency equal to the amount
Daily ATM withdrawal limit MNT 15,000,000 or foreign currency equal to the amount
Deposit fee at a TransBank branch No fee
Deposit fee at an agent bank MNT 100
Balance inquiry at a TransBank branch No fee
Balance inquiry at an agent bank MNT 100
Pin code change /ATM/
New pin code acquiring fee /Bank/ MNT 1,000
Acquiring, changing e-pin code fee MNT 100
Cash withdrawal at TransBank branch MNT- no fee;
MNT- withdrawing cash shall be converted at the bank’s exchange rate
Cash withdrawal at agent bank branch Withdrawing 0 – 99,999 MNT fee 300 MNT, Withdrawing 100,000 – or above MNT Fee 0 MNT
Cash withdrawal other domestic bank branch Withdrawing  0 – 99,999 MNT fee 500 MNT, Withdrawing 100,000 – or above MNT Fee 0 MNT
Categories
Corporate payment card

Required documents

  1. ID card or foreign passport of the employee
  2. Employer reference 
  3. Notarized signature and corporate stamp
Categories
Movable property and machinery

Terms and conditions

Movable property and machinery MNT USD EUR RMB JPY
Term/monthly/ Up to 60 months
Loan amount The maximum amount of financial lease is 20 billion MNT or equivalent currency
Advance payment Depending on the level of risk, the percentage of advance payment will be set up to 50%. In case of double mortgage of immovable and movable property, the advance payment rate can be reduced and set flexibly.
Interest rate/monthly/ 2.00%-1.60% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00%
Interest rate / annually/ 24.40%-19.20% 16.20%-12.00%  16.20%-12.00%  16.20%-12.00%  16.20%-12.00%
Service fee 1% of the loan amount /maximum MNT 1,500,000/ or equivalent currency
Application fee 30,000 MNT
Other terms Purchased asset on credit must be covered by comprehensive insurance. The client is responsible for the insurance premium.
Credit recording enquiry fee /during loan analysis procedure/ Individual – 1,000 MNT

Corporate – 1,000 MNT

* Effective percentage rate /annual/: MNT 19.73%-24.55%

Categories
Movable property and machinery

Requirements

  1. Purpose of the loan is to support services to customers and upgrade machinery 
  2. Running the business in the last 12 months and continuing it as a going concern
  3. Good credit history and score and other evidence of ability to repay the loan
  4. Collateral to satisfy the bank’s requirements
  5. Other requirements from the bank on a case by case basis
Categories
Movable property and machinery

Required documents

  1. Official request/amount, interest, term and collateral to be pledged should be mentioned/
  2. Loan Application / Bank’s application / 
  3. Resolution of the Board of Directors on ​​obtaining a loan. / Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  4. Copy of company certificate, copy of company charter / stamped by state registration office /
  5. Copy of ID card of the person authorized to sign the loan agreement (e.g. founder, CEO, CFO, etc.), borrower’s application form (if legal entity)
  6. Business licenses, plans and other documents
  7. The purpose of the loan, contract, project, etc.
  8. The market and competitor’s analysis
  9. Tax reference
  10. GCCA reference / in the name of the organization and shareholders /
  11. Reference from GASR / on behalf of enterprises and major shareholders /
  12. Financial statements of the company certified by the Audit and Tax Administration – / for the last 4 quarters, at the end of the last year /
  13. Financial statements at the end of the year. These include: list of receivables, current assets, fixed assets, payables and liabilities and sales, unit cost, balance sheet for the last 1 year
  14. Account statement / last 12 months /
  15. Pledge of immovable property (if the pledged property is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution authorizing to pledge)
  16. Collateral historical and detailed reference
  17. Pledged land certificate, contract and cadastral map
  18. List and certificate of pledged machinery and equipment
  19. Proof of tax payment in case of real estate purchase
  20. Loan agreement and loan account statement if you have outstanding loans with other banks and NBFIs.
  21. Other required additional materials
Categories
Small and Medium Business loan-Repo

Terms and conditions

Terms

Product terms

Product

Small and medium business loans – Repo

Loan amount / securitization /

Up to 3,000,000,000 / Three billion MNT

Loan interest rate /annual/

10.50% / Repo trading interest rate + not more than 4 percentage points /

Loan interest rate /monthly/

Up to 2 years

Service fee

In case of a new loan, it shall not exceed 1 percent of the loan amount or MNT 1,500,000

Penalty interest rate

Penalty interest rate is equivalent to 20 percent of the base interest rate

Application fee

30,000 MNT

Grace period

At least 6 months

Other

Other requirements and conditions of the Bank of Mongolia

Credit recording enquiry fee /during loan analysis procedure/

Individual – 1,000 MNT

Corporate – 1,000 MNT 

* -Product conditions will change from time to time according to the order and decision of the Bank of Mongolia.

Categories
Small and Medium Business loan-Repo

Requirements

  • To meet the criteria set by the Bank of Mongolia, which provides the source of repo financing;
  • In accordance with Articles 4 and 5 of the Law on Promotion of Small and Medium Enterprises and Services, citizens and business entities with up to 200 employees and annual sales of up to MNT 2.5 billion are eligible;
  • Non-mining exports, processing industries and services *, wholesale and retail sectors with 200 or more employees;

Click HERE to get acquainted with the criteria and requirements set by the Bank of Mongolia.

Click HERE to see more questions and answers.

Categories
Small and Medium Business loan-Repo

Required documents

  1. Official loan application. /Indicates the amount, interest, term and collateral of the desired loan/
  • Loan application / by bank form /
  • Resolution of the Board of Directors (Shareholders’ Meeting) on ​​obtaining a loan. / Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  • Copy of company certificate, copy of company charter / stamped by state registration office /