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Gold collateralizet loan

Terms and conditions

Gold collateralizet loan
Loan secured by certified gold bullion
Loan secured by uncertified gold bars
Gold loan without sample determination

Term
Up to 12 months
Up to 6 months
Up to 3 months
Loan amount
 Net weight* of gold Specimen*Gold Bank of Mongolia rate* (100%- Tax)*90% or 20% of equity up to Net weight* of gold Specimen*Gold Bank of Mongolia rate* (100%- Tax)*80% or 20% of equity up to
Gross weight* of gold from specimen /gold mining Stock samples before concluded bottom of specimen by amount/*(100%- Tax)*60% or 20% of equity up to
MNT interest rate
 month

1.8%-1.6%

 1.9%-1.6%

2.0%-1.6%
annual

21.6%-19.2%

 22.8%-19.2%

24.0%-19.2%
US dollar interest rate
 month

1.25%-1.0%

 1.35%-1.0%

1.35%-1.0%
annual

15.0%-12.0%

 16.2%-12.0%

16.2%-12.0%
EUR interest rate month

1.25%-1.0%

 1.35%-1.0%

1.35%-1.0%
annual

15.0%-12.0%

 16.2%-12.0%

16.2%-12.0%
CNY interest rate month

1.25%-1.0%

 1.35%-1.0%

1.35%-1.0%
annual

15.0%-12.0%

 16.2%-12.0%

16.2%-12.0%
JPY interest rate month

1.25%-1.0%

 1.35%-1.0%

1.35%-1.0%
annual

15.0%-12.0%

 16.2%-12.0%

16.2%-12.0%
Service Fee

Free
Application Fee

30,000 MNT

Collateral

Gold
Requirements for Collateralized Gold Bullion
Gold bullion with proof of gold and silver specimens tested by an accredited precious metals assay laboratory
Gold bullion with certificate of melting of precious metal ordered to be tested by an accredited laboratory of precious metals
 A gold deposit report should be issued, and the report should have a sample report indicating the amount of gold content
Categories
Gold collateralizet loan

Requirements for Collateralized Gold Bullion

  • Gold bars with proof of gold or silver specimens tested by an Accredited Precious Metals Specimens Laboratory (ACM)
  • A gold deposit report should be issued, and the report should have a sample report indicating the amount of gold content.
  • Unassigned gold bullion with certificate of melting of precious metal ordered to be assayed by an accredited precious metal assay laboratory.
Categories
Gold collateralizet loan

Eligibility or required documents

  • Loan application letter
  • Authorization to pledge gold by an authorized official of the company
  • A copy of the certificate and charter must be certified by a notary
  • Borrower’s approval
  • Resume of an enterprise, director, and financial officer
  • Power of attorney given to the bank employee that the test results can be received
Categories
Investment Loan

Benefits

  • Flexible and favorable conditions
Categories
Investment Loan

Terms and conditions

 

Investment loan MNT USD EUR CNY JPY
Maximum loan amount The maximum loan amount will be determined depending on the size of the business, capital and financial ability. At least 30% of the total investment amount shall be financed by the borrower himself.
Loan interest /month/

2.0%-1.6%

 1.5%-1.1% 1.2%-0.85% 1.2%-0.85%

1.2%-0.85%
Loan interest /annual/

24.0%-19.2%

 18.0%-13.2% 14.4%-10.2% 14.4%-10.2%

14.4%-10.2%
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%
Period of exemption from principal
  Up to 12 months
Application Fee

30,000 MNT
Credit database reference fee

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

Requirements

  • Last 12 months continuous business experience;
  • Qualify for collateral
  • Other requirements from the bank.
Categories
Investment Loan

Eligibility or required documents

  • 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
Working capital loan

Terms and conditions

Current asset loan 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%-1.6%

 1.5%-1.1% 1.2%-0.85% 1.2%-0.85%

1.2%-0.85%
Loan interest /annual/

24.0%-19.2%

 18.0%-13.2% 14.4%-10.2% 14.4%-10.2%

14.4%-10.2%
Term of loan

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%
Period of exemption from principal
Up to 12 months
Application Fee

30,000 MNT
Credit database reference fee

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

Requirements

  • Last 12 months continuous business experience;
  • Qualify for collateral
  • Other requirements from the bank.
Categories
Working capital loan

Eligibility or required documents

  • 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;