Categories
Current Asset Loan

Terms and conditions

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

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%

Period of exemption from principal
Up to 12 months
Application Fee

30,000 MNT

Credit database reference fee

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

Categories
Current Asset Loan

Requirements

  • Last 12 months continuous business experience;
  • Qualify for collateral
  • Other requirements from the bank.
Categories
Current Asset Loan

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
  • Other required documents