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Credit line

Benefits

  • Flexible and favorable conditions
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Credit line

Terms and conditions

Credit line

MNT USD EUR CNY JPY
Maximum loan amount

The maximum loan amount will be determined depending business, capital and financial ability

Loan interest /month/

2.0%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%

Loan interest /annual/ 24.0%-19.20% 18.0%-13.20% 14.4%-10.20% 14.4%-10.20%

10.8%-10.20%

Commitment interest /annual/
2.80%-4.2% 2.0%-3.60% 1.50%-3.0%
Term of loan Up to 60 months

Up to 36 months

Service fee

1% of the loan amount or the maximum amount is 1,500,000 MNT 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY
Increased interest

The increased interest rate is equal to 20% of the principal interest rate

Benefits of Changes to the Original Loan Term

0%

Application Fee

30,000 MNT

Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

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Credit line

Requirements

  • Last 12 months continuous business experience;
  • Good credit history;
  • Qualify for collateral
  •  Other requirements set by the bank

 

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Credit line

Eligibility or required documents

  • Loan application letter. /Required loan amount, interest rate, term, collateral/
  • Loan application /Bank form/
  • 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/
  • A copy of the certificate and charter must be certified by a notary;
  • Copy of the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
  • Special licenses, business plans and other documents related to business activities
  • Details of financial statement figures as at the end of the last year. It includes: List of accounts receivable, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost of products, balance sheet of the last 1 year,
  • Certificate of real estate to be mortgaged, /if the mortgaged property is in the name of another organization, a copy of the company’s certificate and charter, decision or resolution allowing the mortgage/
  • List of vehicles and equipment to be pledged, certificates
  • Other necessary additional materials
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Executive management team

B.Erdenebayar

B. Erdenebayar has been appointed as the Executive Director of the Transport Development Bank since August 26, 2024. He has 17 years of experience working in the banking and financial sector. He started his career at Khas Bank as a financial analyst in 2008. In 2012, he became the Director of the Financial Management Department of Khas Bank. Executive Director of Transport Development Bank from December 2020, October 2023 He was promoted and appointed to the position of Chairman of the Board of Directors of the Transport Development Bank. In 2008, he graduated with a Bachelor of Business Administration degree in Financial Management from the School of Economics of MU, and in 2017, he graduated with a Master’s degree in Banking and Finance from the University of Luxembourg. While working at the Schroders investment fund in the Kingdom of Luxembourg, he participated in the Management Program of New York University and passed the two exams of the International Certified Financial Analyst (CFA) program and the first level of the Certified Risk Manager (FRM), respectively, in that field. professional development.

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Executive management team

A.Sandagsuren

A. Sandagsuren has been appointed as the Deputy Executive Director of the Transport Development Bank since August 23, 2021. He is an experienced banker who has been working in the banking industry since 2005. He is a credit economist, risk economist, head of the clearinghouse at Zoos Bank, director of the branch at State Bank, director of the corporate relations department, director of the business development department at Chinggis Khan Bank, and the First Vice President at Credit Bank in 2019-2021. worked as director, acting CEO, and deputy CEO. In 1995-2001, he received his general education at the 11th secondary school with in-depth study of Physics and Mathematics in Ulaanbaatar. In 2008, he successfully defended his master’s degree in international business management from the University of Central Queensland, Australia. He has a total of 17 years of experience in banking, risk management, and investment.

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Executive management team

B.Erkhembayar

B. Erkhembayar has been appointed as the Deputy Executive Director of the Transport Development Bank since April 2021. He has 24 years of experience in the banking and finance industry. He started his career as an economist at the People’s Bank in 1994, then became an Accountant and Fund Manager at Kuranda Assistant in Sweden. In 2020, he worked as the director of the Department of Communications, and in 2020, he worked as a foreign relations advisor to the Chairman of the Board of Directors. B. Erhembayar graduated from the School of Economics of MUSU in 1994 with a Bachelor’s degree in Banking and Finance, and in 2002 from Stockholm University, Sweden, with a Master’s degree in Economics.

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Executive management team

E.Munkhjargal

Munkhjargal Enkhbat serves as a VP & Chief Private Banking officer at the TransBank since July 2021.

With over 10 years of experience risk management, governance, funding in the banking and financial sector, her career path has started as market risk analyst at “Chingis Khan” bank since 2009, Director of Risk management division since 2013 and Chief risk officer at “Capitron” Bank since 2017.

Munkhjargal graduated from the School of Mathematics and Computer Science, the National University of Mongolia with a Bachelor’s degree in mathematical modeling of economics and holds a master of mathematical modeling of economics from School of Applied science and engineering, the National University of Mongolia, an MSc in Banking and Finance from the University of Luxembourg. During her tenure at the depositary control department at UBS Bank, Luxembourg, she successfully completed Executive Program at New York University, USA.

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Executive management team

Ts.Bolor

Ts. Bolor has been appointed as the Financial Director of the Transport Development Bank since January 2021. He has more than 15 years of experience in the banking and financial industry in the fields of financial resources, asset management, financial management, planning, and insurance operations. In addition, during 10 years, he has experience working in Tengur Financial Group, its subsidiaries such as Khas Bank and Tengur Daatgal, from the market risk manager to the position of Director of Finance and Asset Management and Director of Operations. Ts. Bolor graduated from the Bayes Business School (formerly named after N. Kass) of the City University of London, UK, with a Master’s degree in Banking and Finance, and studied at the Cert CII level of the UK’s Specialized Insurance Institute.

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Executive management team

S.Byambadelger

S. Byambadelger has been appointed as the Business Development Director of the Transport Development Bank since September 19, 2024. S. Byambadelger started his career at King Bank in 2010 and worked as an Investment Banking Specialist, Risk Specialist, and Senior Risk Specialist at the bank, and at Schroders Investment Fund of the Kingdom of Luxembourg. In 2018, he was appointed as the Director of the Market Risk Department and the Director of the Risk Management Department at the Transport Development Bank. S. Byambadelger graduated from the University of Mongolia in 2006-2010 with a bachelor’s degree in Business Administration in Economics and Statistics, and received a Master’s degree in Banking and Finance from the University of Luxembourg in 2014-2016. He is a professional official who has been working in the field of banking, risk management and investment for the 12th year.