Month: January 2025

Categories
Repaid Interest Deposit

Terms and conditions

Conditions

Annual Interest

Terms of deposit

 MNT USD
3 – 6 months 11.3%

3.8%

7 – 12 months

 12.5% 3.8%
Interest payment on early termination 2-4%-4.8%

1.2%
Minimum balance 1,000,000 MNT 1,000 USD
Interest payment condition

Monthly
Categories
Repaid Interest Deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Incentives 6 months deposit

Benefits

  • Highest interest rates;
  • Earn your interest on every month;
  • Deposit transactions are allowed anytime;
Categories
Incentives 6 months deposit

Terms and conditions

Terms 6 months
Currency MNT
Annual Interest 14%
Interest payment on early termination 2.4%-4.8%
Minimum balance 10,000 MNT
Interest payment conditions End of the period
Deposit transaction Possible
Withdrawal condition Monthly
Categories
Incentives 6 months deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
“Hedged” Deposit

Benefits

  • High interest return in a shorter period of time;
  • Currency exchange rate risk can be hedged as the deposit is converted;
  • Take low-interest deposit collateralized loan;
Categories
“Hedged” Deposit

Terms and conditions

Hedged

 Conditions
Account currency

MNT

Term of deposit

 6 months 12 months
Annual Interest 6.00%

7.00%

Interest payment on early termination

 2.0% /annual interest/
Minimum balance

USD equivalent to 200,000,000 MNT

Interest payment conditions

At the end of the period

 

Continue reading “Terms and conditions”
Categories
Green Project Loan Small and medium business loans

The product offers the following advantages

  • Flexible loan terms and grace periods, with the option to disburse in three different currencies;
  • Customers can modify their business model under the project loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
Categories
Green Project Loan Small and medium business loans

Terms and conditions

Green Project Loan MNT USD EUR
Loan Amount /max/ The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly) 2.0%- 1.6% 1.5% – 1.1% 1.5%-1.1%
Interest Rate (annual) 24.0%-19.2% 18.0%- 13.2% 18.0%-13.2%
Loan Term Up to 60 months Up to 36 months
Loan Disbursement Fee 1% of the disbursed loan amount, with a maximum of MNT 1,500,000 0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR
Additional Interest Additional interest is equal to 20% of the base interest rate
Fee for Changes to Initial Loan Terms 0%
Grace Period for Principal Repayment Up to 12-24 months

Actual cost /annual/: 19.7%-24.5%

Categories
Green Project Loan Small and medium business loans

Requirements

  • The loan applicant must have provided up to 30% of the required total investment with his own funds;
  • Experience in continuous business activity for the last 12 months, for a newly started business, continuous activity for the last 6 months;
  • Obtaining a special license to operate from the relevant authority;
  • Financial statements must be certified by the Tax Office;
  • No poor quality loan balances;
  • Have collateral that bank’s requirements;