- Loan application letter;
- Loan application form /bank template/
-
Presentation of business activities;
- A copy of the registration certificate issued by the State Registration Authorities;
- Financial statements certified by audit and tax authorities /last 1-3 years/;
-
Special licenses, business plans and other documents related to business activities
- Other Required documents
Author: Batorgil E
Categories
Benefits
-
No additional documents required;
-
Quick and easy access to a loan;
- Apply and manage your loan through Online Banking;
|
Conditions |
|
| Maximum Loan Amount |
The combined amount of the loan and interest will not exceed the balance of the savings |
| Loan interest /annual/ |
Annual deposit interest rate + 6% |
| Loan currency |
MNT |
| Loan Term |
The loan term is equal to the maturity date of the deposit |
| Loan disbursement fee |
0% |
| Fee for changes to original loan conditions |
0% |
| Application Fee |
0 MNT |
Actual cost: Annual interest of deposit +6%
- Loan application form (bank template);
- Identity card;
- If the loan is applied for under a power of attorney, the document must explicitly state the authority to obtain the loan;
- Flexible and favorable conditions
- Quick loans available
|
Conditions /MNT/ |
Overdraft Loan for salary account |
Overdraft Loans for current account |
|
Minimum balance of account |
0 MNT | |
| Interest rate of account /annual/ |
According to “General Terms and Conditions of the Bank’s Service Fees and Charges” |
|
|
Maximum Loan Amount |
Up to 20% of the average monthly income of the last 12 months | |
| Basic interest rate /annual/ | 18.0% |
19.2% |
|
Basic interest rates Increased Interest /annual/ |
21.6% | 24.0% |
| Period of use | up to 12 months |
up to 12 months |
| Repayment period |
30 days /counting from the day use/ |
|
|
Service Fee |
1% of the amount or the maximum amount is 1,000,000 MNT | |
| Benefits of Changes to the Original Loan Term |
1% of the amount or the maximum amount is 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 |
|
- Loan application /from bank/, 1 copy of photo
- Identity card
- Description of the place of residence
- A document confirming the purpose of the loan
- Other required documents
Categories
Benefits
- Flexible and favorable conditions
- Quick loans available
Categories
Terms and conditions
|
Conditions /MNT/ |
Overdraft Loans for Corporate |
| Current account minimum balance |
0 MNT |
|
Current account interest /annual/ |
According to the Bank’s General Terms and Conditions on Service Fees and Charges |
| Maximum Loan Amount |
Up to MNT 500 million or up to 20 percent of the average current account balance of the last 12 months |
|
Basic interest rate /annual/ |
21.6% |
| Basic interest rates Increased Interest /annual/ |
24.0% |
|
Period of use |
up to 12 months |
| Repayment period |
30 days /counting from the date of overdraft utilization/ |
|
Service fee |
1% of the amount or the maximum amount is 1,000,000 MNT |
| Benefits of Changes to the Original Loan Term |
1% of the amount or the maximum amount is 1,000,000 MNT |
|
Application Fee |
30,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
- 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/;
- Other documents;