- Experience in continuous business over the past 12 months;
- Qualify for collateral;
- Other requirements of the bank.
Categories
Month: January 2025
- 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;
Categories
Terms and conditions
|
Loan conditions |
|
|
Maximum loan amount |
Up to 500,000,000 MNT |
|
Loan interest /annual/ |
19.2%-24.0% |
|
Loan interest /monthly/ |
1.6%-2.0% |
|
Loan terms |
up to 36 months |
|
Service Fees |
1% of the loan amount or the maximum amount is 3,000,000 MNT |
|
Increased interest |
The increased interest rate is equal to 20% of the loan interest rate |
|
Collateral |
Business-use real estate, apartments, private houses, and heated parking spaces that can be quickly sold. |
|
Application Fee |
30,000 MNT |
Actual cost /annual/: 21.1%-25.9%
Categories
Requirements
- Experience in continuous business over the past 12 months;
- Qualify for collateral (immovable and movable assets);
- Other requirements of the bank;
- 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;
Categories
Benefits
-
Promotes business growth
-
Fast and efficient loan approval
-
Low interest rates
| Conditions | MNT |
| Loan amount | The amount shall not exceed the total purchase price of the real estate. |
| Loan terms | up to 60 months |
| Loan interest /month/ | 1.6% – 2.0% |
| Loan interest /annual/ | 19.2% – 24.0% |
| Service fee | 1% of the loan amount or the maximum amount is 3,000,000 MNT |
| Increased interest | The increased interest rate is equal to 20% of the principal interest rate |
| Collateral | The purchased real estate |
| Advance payment | 20% If additional real estate is provided as collateral, the down payment may be reduced to as low as 0%. |
| Benefits of Changes to the Original Loan Term | Loan balance up to 1% /Maximum amount 1,000,000/ |
| Application Fee | 30,000 MNT |
Actual cost /annual/: 21.1%-25.3%
- Last 12 months continuous business experience;
- Good credit history;
- Other requirements set by the bank;
- Loan application letter;
- A copy of the certificate and charter must be certified by a notary;
-
Certificate of collateral and related documents;
- Description of the place of residence;
- Other materials necessary by the Bank;
Categories
2024 оны 11-р сар
Тээвэр хөгжлийн банк нь Дэлхийн хүүхдийн өдрийг тохиолдуулан UNICEF Mongolia–ын Хүүхдийн сан болон IWFCI Mongolia хамтран зохион байгуулж буй ГАЛА арга хэмжээнд дэмжин ажиллагч байгууллагаар ивээн тэтгэн оролцлоо.