Categories
Trade credit line

Loan after shipment conditions

Loan after shipment
MNT USD EUR CNY JPY
Loan amount
Within the scope of the trade credit line, it does not exceed the amount of trade contracts and agreements
Loan interest /annual/
Source cost + 2.0%-4.0%
Loan term Up to 60 months
Categories
Trade credit line

Requirements

  • Experience in continuous business over the past 12 months;
  •  Qualify for collateral (immovable and movable assets);
  • Other requirements of the bank.
Categories
Trade credit line

Eligibility or required documents

  • Loan application letter;
  • Loan application /from Bank/;
  • A copy of the certificate and charter must be certified by a notary;
  • Financial report certified by audit and tax office /last 1-3 years/;
  • Collateral information, related documents;
  • Other documents;
Categories
Loan product through the "GOLD" program

Terms and conditions

Conditions MNT
Maximum loan amount
The amount of the loan does not exceed 18 percent of the Bank’s equity, and the financing does not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining enterprise.
Loan interest /month/

1% 

Loan interest /annual/

12% (+3%)

Term of loan
Up to 24 months
Service fee
1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest

The increased interest rate is equal to 20% of the principal interest rate

Benefits of Changes to the Original Loan Term

0%

Period of exemption from principal
The Credit Committee will decide and may stay for a period determined by the Bank of Mongolia
Application Fee

30,000 MNT

Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

 

Categories
Loan product through the "GOLD" program

Requirements

  • Requirements for gold-long-term financing loan applicants: Funding should not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining company’s licensed area;
  • The participating gold mining enterprise will use the loan for investment purposes; Participating gold mining enterprise must fully accept the terms of purchasing mined gold from the Bank of Mongolia during the financing period, and will pay in MNT according to the loan repayment schedule;
  • The debt of the reclassified loan in the name of the ownership of the company is unpaid;
  • The borrower must have enough cash flow to pay the loan and interest obligations and have qualified collateral.
Categories
Credit line

Benefits

  • Flexible and favorable conditions
Categories
Credit line

Terms and conditions

Credit line

MNT USD EUR CNY JPY
Maximum loan amount

The maximum loan amount will be determined depending business, capital and financial ability

Loan interest /month/

2.0%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%

Loan interest /annual/ 24.0%-19.20% 18.0%-13.20% 14.4%-10.20% 14.4%-10.20%

10.8%-10.20%

Commitment interest /annual/
2.80%-4.2% 2.0%-3.60% 1.50%-3.0%
Term of loan Up to 60 months

Up to 36 months

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 interest

The increased interest rate is equal to 20% of the principal interest rate

Benefits of Changes to the Original Loan Term

0%

Application Fee

30,000 MNT

Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Categories
Credit line

Requirements

  • Last 12 months continuous business experience;
  • Good credit history;
  • Qualify for collateral
  •  Other requirements set by the bank

 

Categories
Credit line

Eligibility or required documents

  • Loan application letter. /Required loan amount, interest rate, term, collateral/
  • Loan application /Bank form/
  • 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 the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
  • Special licenses, business plans and other documents related to business activities
  • Details of financial statement figures as at the end of the last year. It includes: List of accounts receivable, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost of products, balance sheet of the last 1 year,
  • Certificate of real estate to be mortgaged, /if the mortgaged property is in the name of another organization, a copy of the company’s certificate and charter, decision or resolution allowing the mortgage/
  • List of vehicles and equipment to be pledged, certificates
  • Other necessary additional materials
Categories
Executive management team

B.Erkhembayar

B. Erkhembayar has been appointed as the Deputy Executive Director of the Transport Development Bank since April 2021. He has 24 years of experience in the banking and finance industry. He started his career as an economist at the People’s Bank in 1994, then became an Accountant and Fund Manager at Kuranda Assistant in Sweden. In 2020, he worked as the director of the Department of Communications, and in 2020, he worked as a foreign relations advisor to the Chairman of the Board of Directors. B. Erhembayar graduated from the School of Economics of MUSU in 1994 with a Bachelor’s degree in Banking and Finance, and in 2002 from Stockholm University, Sweden, with a Master’s degree in Economics.