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Working capital loan |
MNT | USD | EUR | CNY |
JPY |
|
Amount |
Maximum amount of the loan is determined based on range of operations, capital and financial capacity of the client’s business. |
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Interest rate /monthly/ |
2.00%-1.60% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
|
Interest rate /annually/ |
24.00%-19.20% | 18.00%-13.20% | 14.40%-10.20% | 14.40%-10.20% |
14.40%-10.20% |
|
Term |
Up to 36 months |
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Service fee |
1% of the loan amount /maximum MNT 1,500,000/ |
0.5% of the loan amount /maximum USD 1,500 or amount equivalent to EUR, CNY, JPY |
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Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
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Fee for changing the original loan terms |
0% |
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Grace period |
Up to 12 months |
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Loan application fee |
MNT 30,000 |
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Credit recording enquiry fee /during loan analysis procedure/ |
Individual – MNT 1,000 Corporate – MNT 1,000 |
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* Effective percentage rate /annual/: MNT 19.95%-24.77%