Categories
Credit Line

Terms and conditions

Credit line

MNT USD EUR CNY JPY
Maximum loan amount

The maximum loan amount will be determined depending business, capital and financial ability

Loan interest /month/

2.0%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%

Loan interest /annual/ 24.0%-19.20% 18.0%-13.20% 14.4%-10.20% 14.4%-10.20%

10.8%-10.20%

Commitment interest /annual/
2.80%-4.2% 2.0%-3.60% 1.50%-3.0%
Term of loan Up to 60 months

Up to 36 months

Service fee

1% of the loan amount or the maximum amount is 1,500,000 MNT 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY
Increased interest

The increased interest rate is equal to 20% of the principal interest rate

Benefits of Changes to the Original Loan Term

0%

Application Fee

30,000 MNT

Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Categories
Credit Line

Requirements

  • Last 12 months continuous business experience;
  • Good credit history;
  • Qualify for collateral
  •  Other requirements set by the bank

 

Categories
Credit Line

Eligibility or required documents

  • Loan application /from bank/, 1 copy of photo
  •  Identity card
  • Description of the place of residence
  • Account statements
  • Operating license and lease agreement
  • A document confirming the purpose of the loan
  • Other required documents