Author: Batorgil E

Terms and conditions

Conditions
Maximum loan amount	Up to 2,000,000,000 MNT
Down Payment	The down payment shall be 20% or more
Loan interest	19.2% – 24.0%
Term of loan	up to 120 months
Service fee	1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest	Equal to 20% of the loan interest
Fee for changes to the original loan terms	Up to 1% of the loan balance / Maximum amount 1,000,000 MNT
Application Fee	10,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost: 20.1%-24.9%

Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
No overdue or non-performing loans in other banks and financial institutions.

Flexible loan terms and grace periods, with the option to disburse in three different currencies;
Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.

Green Loan	MNT	USD	EUR
Maximum Loan Amount	The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly)	1.4%- 2.0%	1.1% – 1.5%	1.1% – 1.5%
Interest Rate (annual)	16.8%-24.0%	13.2%- 18.0%	13.2%- 18.0%
Loan Term	Up to 120 months
Loan Disbursement Fee	1% of the disbursed loan amount, with a maximum of MNT 1,500,000	0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR
Additional Interest	Additional interest is equal to 20% of the base interest rate
Fee for Changes to Initial Loan Terms	0%
Grace Period for Principal Repayment	Up to 24 months
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost: 17.3%-24.5%

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 for the organization and its major shareholders;
Other Required documents;

Flexible loan terms and grace periods, with the option to disburse in three different currencies;
Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.

Green Loan	MNT	USD	EUR
Maximum Loan Amount	The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly)	1.4%- 2.0%	1.1% – 1.5%	1.1% – 1.5%
Interest Rate (annual)	16.8%-24.0%	13.2%- 18.0%	13.2%- 18.0%
Loan Term	Up to 120 months
Loan Disbursement Fee	1% of the disbursed loan amount, with a maximum of MNT 1,500,000	0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR
Additional Interest	Additional interest is equal to 20% of the base interest rate
Fee for Changes to Initial Loan Terms	0%
Grace Period for Principal Repayment	Up to 24 months
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost: 17.3%-24.5%

Experience in continuous business activity for the last 12 months, for a newly started business, continuous activity for the last 6 months;
Obtaining a special license to operate from the relevant authority;
Financial statements must be certified by the Tax Office;
No poor quality loan balances;
Have collateral that meets the Bank’s requirements;