Category: Citizens

The product offers the following advantages

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

Green Project Loan	MNT	USD	EUR
Loan Amount /max/	The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly)	2.0%- 1.6%	1.5% – 1.1%	1.5%-1.1%
Interest Rate (annual)	24.0%-19.2%	18.0%- 13.2%	18.0%-13.2%
Loan Term	Up to 60 months	Up to 36 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 12-24 months

The loan applicant must have provided up to 30% of the required total investment with his own funds;
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 bank’s requirements;

Loan application letter;
Loan application /from Bank/
Presentation of business activities;
A copy 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

High-class Mortgage Loan	Conditions
Maximum loan amount	2,000,000,000 / up to two billion MNT /
Down Payment	20% or more
Loan interest /month/	1.60-1.80%
Term of loan	Up to 120 months
Service fee	1% of the loan amount (maximum 1,500,000 MNT)
Increased interest	Equal to 20 percent of the basic interest rate
Benefits of Changes to the Original Loan Term	Up to 1% of the loan balance (maximum 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

Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
Must have self-financed at least 20 percent of the total cost;
Up to 60% of the after-tax income is sufficient to pay the total monthly loan payments;
No overdue or non-performing loans in other banks and financial institutions.

Conditions
Maximum Loan Amount	Not more than 70 percent of the value of apartment /In the case of a home mortgage in the down payment, it is not necessary that percentage/
Down payment	30% or more
Loan interest /annual/	6.00%
Loan terms	Up to 360 months
Service fee	1% of the granted loan amount or /up to 1,500,000 MNT/
Increased interest	Equal to 20 percent of the basic interest rate
Application Fee	10,000 MNT
Credit database reference fee	For each inquiry during the loan/Citizen, Organization/ – 1,000 MNT

Conditions	MNT
Maximum loan amount	70,000,000 MNT
Loan interest /monthly/	1%
Loan interest /annual/	12%
Term of loan	Up to 120 months
Down payment	From the applicant: At least 10 percent of the loan amount
Down payment	From the GIZ project: 30% of the loan amount or up to 18,000,000 MNT
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 original loan conditions	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 /Citizen, Organization/ – 1,000 MNT

The loan applicant must be a citizen of Mongolia who has reached the age of 18;
Not having overdue or bad credit balances in banks and financial institutions;
Full-time employee who has worked stably in the organization for at least 12 months;
Obtain insurance in accordance with relevant laws and regulations until the end of the loan term;
Eligible for this loan for the construction of energy-efficient residential units that meet the project criteria and for the purchase of contracted townhouse;
Must have self-financed at least 10 percent of the total cost;