Category: Loan services

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
Maximum Loan Amount	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

Actual cost /annual/: 19.7%-24.5%

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 meets the Bank’s requirements;

Loan application letter;
Loan application /from Bank/
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

Conditions
Maximum Loan Amount	Not more than 70 percent of the value of the apartment /In cases where the apartment is pledged as collateral for the down payment, this percentage requirement shall not apply/
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

Actual cost /annual/: 6.1%

Loan amount	Up to 30 million/The maximum loan amount should not exceed 60% of the average of the last 6 months sales/
Loan interest /monthly/	1.60%-1.80%
Loan interest /annual/	19.20%-21.60%
Loan term	Up to 12 months
Loan service fee	0%
Commitment interest	2.8%
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost /annual/:19.3%-21.7%

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%

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;