Categories
Credit line

Requirements

  • Experience in continuous business for the last 12 months;
  • Have a good credit history and good creditworthiness;
  • Must meet the requirements of collateral (real estate and real property);
  • Must meet other requirements set by the bank.
Categories
Credit line

Required materials

  1. Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
  2. Loan application / by the form /
  3. Resolution of the Board of Directors (Shareholders’ Meeting) on ​​obtaining a loan. /Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  4. Copy of company certificate, copy of company charter /stamped by State Registration Office/
  5. Copy of ID card of the person authorized to sign the loan agreement (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
  6. Special licenses, business plan and other documents
  7. Information about the purpose of loan, contracts and agreements, projects, etc.
  8. Information about the market and competitors
  9. Tax authority reference
  10. Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
  11. Reference from State Registration Office /on behalf of enterprises and major shareholders/
  12. Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
  13. Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
  14. Account statement / As of the last 12 months /
  15. Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
  16. Mortgage reference / historical, detailed /
  17. Pledge certificate, contract and cadastral map
  18. List and certificate of pledged machinery and equipment
  19. Proof of tax payment in case of real estate purchase
  20. Loan agreement and loan account statement if you have loan balances with other banks and NBFIs.
  21. Other necessary additional materials
Categories
Credit line

Required documents/ Individual/

  1. Loan application / bank form /, 1 copy of photo,
  2. A copy of the borrower’s and co-obligor’s ID card / loan specialist will be required to make a notarized copy of the document if the loan specialist has reviewed the original, signed and certified and kept in the loan personal file. A notarized copy is required, unless the original is considered /
  3. Proof of residence and reference from the General Police Office 
  4. Pledged property documents, pledged real estate certificate, reference, land certificate, contract, cadastral map
  5. Income confirmation documents and bank account statements
  6. Permission to operate and lease agreement
  7. Proof of loan purpose
  8. Other required documents
  9. Proof of tax payment in case of real estate purchase
Categories
Gold collateral loan

Terms and conditions

Gold collateral loan Collateral loan with purity certified gold bullion Collateral loan with purity uncertified gold bullion

Collateral gold loan without sample purity testing

Term

Up to 12 months Up to 6 months

Up to 3 months

Loan amount

Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 90% or up to 20% of equity Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 80% or up to 20% of equity

Gross weight * Gold sample / minimum amount of sample taken before gold extraction / * (100% -Tax) * 60% or up to 20% of equity

MNT loan interest

Monthly

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%

USD loan interest rate

Monthly

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 loan interest

Monthly

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 loan interest

Monthly

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 loan interest

Monthly

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

No fee

Application fee

30,000 MNT

Collateral

Gold

Requirements for gold bullion as collateral

Gold bullion with proven identification of gold and silver samples by accredited laboratory tests of precious metal samples Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples.

Have a gold deposit reserve report prepared and a sample report indicating the gold content in the report.

Categories
Gold collateral loan

Collateral requirements for gold bullion

  • Gold bullion with evidence of gold and silver samples based on the results of tests by an accredited laboratory for precious metal samples 
  • Prepare a gold deposit reserve report and have a sample report indicating the gold content in the report
  • Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples.
Categories
Gold collateral loan

Required materials

  • Official letter requesting a loan
  • Permission to allow a company official to pledge gold
  • A notarized copy of the company’s certificate and charter
  • Borrower’s consent
  • Application form of the entity, CEO and CFO
  • Power of attorney issued to a bank employee to receive test results from an accredited precious metal sample laboratory / if the sample has not been identified /
Categories
Investment Loan

Benefits

  • Flexible and favorable term
Categories
Investment Loan

Terms and conditions

Investment loan MNT USD EUR RMB

JPY

Maximum amount

The borrower must finance at least 30% of the total investment.

The maximum loan amount depends on the size of the business, capital and financial capacity.

Interest rate/monthly/

2.00%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%

Interest rate/annually/

24.0%-19.20% 18.00%-13.20% 14.40%-10.20% 14.40%-10.20%

14.40%-10.20%

Term

Up to 60 months

Up to 36 months

Service fee

1% of the loan amount /maximum MNT 1,500,000/

Олгосон зээлийн дүнгийн 0.5% буюу дээд хэмжээ нь 1,500 ам.доллар болон түүнтэй тэнцэх евро, юань, иен

Penalty interest rate

Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate

Fee for changing the original loan terms

0%

Grace period

Up to 12 months

Loan application fee 

30,000 MNT

Credit recording enquiry fee /during loan analysis procedure/

Individual – MNT 1,000

Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.69%-24.51%

Categories
Investment Loan

Requirements

  1. Experience in continuous business for the last 12 months;
  2. Have a good credit history and good creditworthiness;
  3. Must meet the requirements of collateral (real estate and real property);
  4. Must meet other requirements set by the bank.
Categories
Investment Loan

Required documents

  • Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
  • Loan application / by the form /
  • Resolution of the Board of Directors (Shareholders’ Meeting) on ​​obtaining a loan. /Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  • Copy of company certificate, copy of company charter /stamped by State Registration Office/
  • Copy of ID card of the person authorized to sign the loan agreement (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
  • Special licenses, business plan and other documents
  • Information about the purpose of loan, contracts and agreements, projects, etc.
  • Information about the market and competitors
  • Tax authority reference
  • Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
  • Reference from State Registration Office /on behalf of enterprises and major shareholders/
  • Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
  • Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
  • Account statement / As of the last 12 months /
  • Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
  • Mortgage reference / historical, detailed /
  • Pledge certificate, contract and cadastral map
  • List and certificate of pledged machinery and equipment
  • Proof of tax payment in case of real estate purchase
  • Loan agreement and loan account statement if you have loan balances with other banks and NBFIs.
  • Other necessary additional materials
Categories
Working capital loan

Terms and conditions

Working capital loan

MNT USD EUR CNY

JPY

Loan size

Flexible depending on business scope and financial solvency. 

Monthly loan interest

 2.00%-1.60%  1.50%-1.10%  1.20%-0.85%  1.20%-0.85%

 1.20%-0.85%

Annual loan interest

24.00%-19.20% 18.00%-13.20% 14.40%-10.20% 14.40%-10.20%

14.40%-10.20%

Loan period

36 months

Loan origination fees

Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000

0.5% of the disbursed loan amount, or a maximum of USD 1500, or the equivalent amount in EUR, CNY, or JPY

Penalty interest for rate

Equivalent to 20 percent of the base interest rate

Loan forbearance fee 

0%

Grace period

12 months

Loan Application fee

MNT 30,000 

Credit recording enquiry fee /during loan analysis procedure/

Individual – MNT 1,000 

Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.95%-24.77%

Categories
Working capital loan

Requirements

  1. Experience in continuous business for the last 12 months;
  2. Must meet the requirements of collateral (real estate and real property);
  3. Other bank requirements.
Categories
Working capital loan

Required documents

  • Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
  • Loan application / by the form /
  • Resolution of the Board of Directors (Shareholders’ Meeting) on ​​obtaining a loan. /Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  • Copy of company certificate, copy of company charter /stamped by State Registration Office/
  • Copy of ID card of the person authorized to sign the loan agreement (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
  • Special licenses, business plan and other documents
  • Information about the purpose of loan, contracts and agreements, projects, etc.
  • Information about the market and competitors
  • Tax authority reference
  • Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
  • Reference from State Registration Office /on behalf of enterprises and major shareholders/
  • Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
  • Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
  • Account statement / As of the last 12 months /
  • Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
  • Mortgage reference / historical, detailed /
  • Pledge certificate, contract and cadastral map
  • List and certificate of pledged machinery and equipment
  • Proof of tax payment in case of real estate purchase
  • Loan agreement and loan account statement if you have loan balances with other banks and NBFIs.
  • Other necessary additional materials
Categories
Regular term deposit

Benefits

 

  • The ability to add funds to your deposit account any time;
  • Can be used as collateral for savings-backed loans with a low interest rate;
  • Term deposits with 12 to 24 month maturities earn interest quarterly;
  • Manage your bank deposit accounts using online banking services.
Categories
Regular term deposit

Terms and conditions

Terms MNT USD EUR CNY JPY
Tenors Annual Interest rates
1 month 10.50%* 2.20% 1.20% 1.20% 1.20%
2 months 10.50%* 2.50% 1.20% 1.20% 1.20%
3-6 months 11.00% 4.00% 3.60% 4.50% 3.30%
7-9 months 11.50% 4.00% 3.60% 4.50% 3.30%
10-11 months 12.00% 4.00% 3.60% 4.50% 3.30%
12 months 14.00% 4.00% 3.60% 4.50% 3.30%
13-18 months 14.00% 5.00% 3.60% 4.50% 3.30%
19-24 months 14.00% 5.50%
Interest rate upon early termination of contract /annual/ 2.4%-4.8% 1.2% 0.6% 0.6% 0.6%
Minimum deposit requirement 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
Interest capitalization –          Deposit accounts with 1 to 11 months maturity earns interest at the end of the contract;

–          Term deposits with 12 to 24 month maturities earns interest quarterly.

Withdrawals –          Allows you to make withdrawals from deposit account with 12 months maturity for once every 3 months for a calendar week.

–          Allows you to make withdrawals from deposit account with 13 to 24 months maturity for once every 6 months for a calendar week.

Other conditions –          For deposits with a term of 13-24 months, the interest rate for deposits kept for more than 1 year shall be re-determined on the first 7 days of January of each calendar year in accordance with the general terms and conditions of interest and fees of Bank services in force at that time.

–          Up to 4.00% incentive interest may be granted depending on the balance for 3-24 months MNT deposits.

–          Up to 3.00% incentive interest may be granted depending on the balance for 1 month MNT deposits.

Account opening fee No fee
Savings book Free