- 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.
Category: Green Project Loan
Green Project Loan is designed to finance projects that promote the sustainable and responsible use of energy, water, and materials, enhance waste management, and support the long-term sustainability of businesses. It encourages green business practices among small, medium, and large enterprises.
| 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