|
Terms |
Product terms |
|
Product |
Small and medium business loans – Repo |
|
Loan amount / securitization / |
Up to 3,000,000,000 / Three billion MNT |
|
Loan interest rate /annual/ |
10.50% / Repo trading interest rate + not more than 4 percentage points / |
|
Loan interest rate /monthly/ |
Up to 2 years |
|
Service fee |
In case of a new loan, it shall not exceed 1 percent of the loan amount or MNT 1,500,000 |
|
Penalty interest rate |
Penalty interest rate is equivalent to 20 percent of the base interest rate |
|
Application fee |
30,000 MNT |
|
Grace period |
At least 6 months |
|
Other |
Other requirements and conditions of the Bank of Mongolia |
|
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate – 1,000 MNT |
|
* -Product conditions will change from time to time according to the order and decision of the Bank of Mongolia. |
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