Current asset loan | 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%-1.6% |
1.5%-1.1% | 1.2%-0.85% | 1.2%-0.85% |
1.2%-0.85% |
Loan interest /annual/ |
24.0%-19.2% |
18.0%-13.2% | 14.4%-10.2% | 14.4%-10.2% |
14.4%-10.2% |
Term of loan |
Up to 36 months |
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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 |
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Benefits of Changes to the Original Loan Term |
0% |
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Period of exemption from principal |
Up to 12 months
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Application Fee |
30,000 MNT |
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Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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