Author: Batorgil E

Categories
Microbusiness women support loan

Requirements

  • Be a self-employed woman entrepreneur;
  • Be the owner of the Gerege POS device and Transbank POS device, and the contract for using the device during the loan period is valid;
  • Experience of continuous business for the last 6 months, business income received at least in the last 6 months through current account in TransBank;
  • Having no overdue or non-performing loan balances in other banks and NBFI;
  • The loan applicant’s debt to total income ratio should be 60%
Categories
Microbusiness women support loan

Eligibility or required documents

  • Loan application;
  • A copy of the registration certificate issued by the State Registration authorities and Company charter;
  • Identity card;
  • Other banks and financial institutions loan contract, loan accounts statement;
  • Collateral documents and guarantee agreements (if applicable);
  • Special licenses, business plans and other documents related to business activities;
Categories
Savings backed loan

Benefits

  • No additional documents required;
  • Quick and easy access to a loan;
  • Apply and manage your loan through Online Banking;
Categories
Convertible savings collateral loan

Benefits

  • Loan amount up to 80% of your deposit balance;
  • No loan disbursement fee;
Categories
Exchange rate risk sharing deposit

Benefits

  • Have the right to make quarterly expenses from the savings account;
  • Interest on deposits is available quarterly;
  • The customer is protected from possible exchange rate risks;
Categories
Exchange rate risk sharing deposit

Terms and conditions

Account type

Conditions

Account currency

MNT

Term of deposit

12 months

Announced interest rate /annually/

The current 12 months savings interest rate

Total interest /annual/

Announced interest rate /annually/ + Interest rate hedge

Minimum balance

500,000,000 MNT

Interest payment on early termination

2.4%-4.8%

Interest payment conditions

Every 3 months

Credit transactions

Every 3 months

Debit transactions

Possible
Categories
Gold term deposits

Benefits

  • Your physical gold is protected from potential risks such as theft, fraud, or exchange rate fluctuations.
  • Interest is capitalized in international benchmark XAU units on your gold deposits;
  • No fees are charged on withdrawal and transaction;
Categories
Gold term deposits

Terms and conditions

Gold-Term Savings Account Terms and Conditions

Account opening currency

XAU- Gold

Deposit term

1 – 3 months

6 months

9 months

12 months

Annual Interest

2.25%

2.5%

2.75%

3.0%

Interest payment on early termination

1.0%

Fees for withdrawing cash from savings

1.5%

Minimum balance

4 ounces of gold

Interest payment conditions

Quarterly
Categories
Convertible term deposit

Benefits

  • Earn high returns in a short period of time;
  • Hedging against exchange rate risk;
  • Earn your interest on quarterly basis;
  • Withdrawals are allowed for 7 calendar days in each quarter;
Categories
Corporate temporary account

Benefits

  • Newly established organizations with incomplete documentation can open a current account;
  • Organizations may still receive incoming payments even if required documents are not yet fully submitted;
  • Materials must be submitted within 30 days;
  • After the materials are fully prepared, outgoing transactions will be enabled;