| Conditions | MNT | USD | EUR | CNY | JPY |
| Term of loan | Up to 60 months | ||||
| Maximum loan amount | The maximum amount of financial lease is 20 billion MNT or equivalent currency | ||||
| Loan interest /month/ | 2.0%-1.6% | 1.35%-1.0% | 1.35%-1.0% | 1.35%-1.0% | 1.35%-1.0% |
| Loan interest /annual/ | 24.0%-19.2% | 16.2%-12.0% | 16.2%-12.0% | 16.2%-12.0% | 16.2%-12.0% |
| Service fee |
1% of the loan amount or a maximum of 1,500,000 MNT and equivalent currency
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Application Fee
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30,000 MNT | ||||
| Other |
Assets purchased on credit will be fully insured. Customer is responsible for insurance premiums.
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Credit database reference fee
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For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT | ||||
Author: admin
Categories
Requirements
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A financial lease includes physical property that does not lose its basic properties during use, such as facilities, equipment, and vehicles, and that belongs to a fixed asset;
- Loan application letter;
- Loan application /from Bank/;
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Resolution of the Board of Directors/Shareholders’ Meeting/ on taking a loan. /The decision specifying the requested loan amount, interest rate, term, and collateral and appointing the person authorized to sign/;
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A copy of the certificate and charter must be certified by a notary;
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Copy of identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
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Special licenses, business plans and other documents related to business activities;
- References /in the name of Organization and major shareholders/;
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Other Required documents;
Categories
Terms and conditions
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Conditions |
SME business loan – REPO /export/ |
| Loan amount |
Up to 3,000,000,000/Three billion/ MNT
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Loan interest /annual/ |
10.50% / Repo trading interest rate + 4 percentage points does not exceed/ |
| Loan interest /month/ | Up to 2 years |
| Service fee |
In the case of a new loan, it will not exceed 1% of the amount of the loan granted, or 1,500,000 MNT
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Increased interest
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Equal to 20% of the loan interest
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Application fee |
30,000 MNT |
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Period of Exemption from Basic Payments
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At least 6 months
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| Other | Other requirements and conditions of the Bank of Mongolia |
| Credit database reference fee | For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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*-According to the orders and decisions of the Bank of Mongolia, the terms of the products are subject to change from time to time. |
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Categories
Requirements
- Set by the Bank of Mongolia, which provides repo financing sources;
- As provided in Articles 4 and 5 of the Law on the Support of Small and Medium Enterprises and Services, citizens and industrial units with up to 200 employees and up to 2.5 billion annual sales revenues are eligible;
- Non-mining exports, manufacturing, services*, wholesale or retail trade with 200 or more employees;
- Loan application letter;
- Loan application /from Bank/;
- Resolution of the Board of Directors/Shareholders’ Meeting/ on a loan;
- A copy of the certificate and charter must be certified by a notary;
- Copy of identity card of the person authorized to sign the loan agreement;
- Other related documents;
Categories
Benefits
- Flexible and favorable conditions
Categories
Terms and conditions
| Financial institute loan | MNT | USD | EUR | CNY | JPY |
| Loan amount |
The maximum loan amount is determined depending on the size of the business, assets and financial ability. The amount of financing from the bank shall not exceed 80% of the total working capital
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| Loan interest /month/ |
2.0%-1.6% |
1.35%-1.0% | 1.35%-1.0% | 1.35%-1.0% |
1.35%-1.0% |
| Loan interest /annual/ | 24.0%-19.2% | 16.2%-12.0% | 16.2%-12.0% | 16.2%-12.0% | 16.2%-12.0% |
| Term of loan |
Up to 36 months |
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| Service fee | 1% of the loan amount or the maximum amount is 1,500,000 MNT | 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY | |||
| Increased interes |
The increased interest rate is equal to 20% of the principal interest rate |
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| Benefits of Changes to the Original Loan Term |
0% |
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Period of exemption from principal
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Up to 12 months |
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| Application Fee |
30,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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- Loan application letter;
- Loan application /from Bank/;
-
Resolution of the Board of Directors/Shareholders’ Meeting/ on taking a loan. /The decision specifying the requested loan amount, interest rate, term, and collateral and appointing the person authorized to sign/;
-
A copy of the certificate and charter must be certified by a notary;
-
Copy of identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
-
Special licenses, business plans and other documents related to business activities;
-
References /in the name of Organization and major shareholders/;
-
Other Required documents;
Categories
Requirements
A financial lease includes physical property that does not lose its basic properties during use, such as facilities, equipment, and vehicles, and that belongs to a fixed asset;