Categories
Tourism development support loan

Terms and conditions

ConditionMNT
Maximum loan amountThe maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity.
Term of loanUp to 72 months
Loan interest /annual/6%
Service fee1% of the loan amount or the maximum amount is 3,000,000 MNT
Penalty interest20% higher than the regular interest rate
CollateralRegulated in accordance with the bank’s internal policies and procedures.
Fee for changes to the original loan terms0%
Application Fee30,000 MNT
Grace period for principal repaymentUp to 12 months
OtherMovable 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%