| Salary Current Account Terms | ||
| Account currency | MNT | USD |
| Annual interest rate | 3.0%* | 1.2%* |
| Conditions for payment of interest | Monthly | |
| Minimum balance requirement | 1,000 MNT | 1 USD |
| Description: A current account service for employees of organizations cooperating with the Transport Development Bank under a salary agreement. The salary current account can also be used as a regular current account. | ||
| * is the maximum rate of the interest rate on the product | ||
| Condition | MNT |
| Maximum loan amount | The maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity. |
| Term of loan | Up to 24 months |
| Loan interest /annual/ | 7% |
| 6% /Green loan/ | |
| Service fee | 1% of the loan amount or the maximum amount is 3,000,000 MNT |
| Penalty interest | 20% higher than the regular interest rate |
| Collateral | Subject 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 terms | 0% |
| Application Fee | 30,000 MNT |
| Grace period for principal repayment | Up to 6 months |
| Other | Be 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%
| Condition | MNT |
| Maximum loan amount | The maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity. |
| Term of loan | Up to 72 months |
| Loan interest /annual/ | 6% |
| Service fee | 1% of the loan amount or the maximum amount is 3,000,000 MNT |
| Penalty interest | 20% higher than the regular interest rate |
| Collateral | Regulated in accordance with the bank’s internal policies and procedures. |
| Fee for changes to the original loan terms | 0% |
| Application Fee | 30,000 MNT |
| Grace period for principal repayment | Up to 12 months |
| Other | Movable and immovable assets acquired through loan financing shall be insured. |
| Description: An investment loan designed to support enterprises in developing year-round tourism and expanding tourism infrastructure. | |
Actual cost /annual/: 7.9%